NOT LISTED FOR SALE

116 Atlantic Ave Westerly, RI 02891

Estimated Value: $947,000 - $1,901,000

3 Beds
1 Bath
892 Sq Ft
$1,703/Sq Ft Est. Value

Last Sold August 24, 2020

Last sale price $580,000 $650 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $8,769/month

114 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Recreation Facilities
  • Beach Access
  • Furnished
  • Bathtub with Shower

About This Home

As of August 2020

How long have you been dreaming of your own little pied-à-terre by the ocean? In this cute cottage, the surf will be rocking you to sleep and you'll awaken to the smell of salt air. Enjoy the luxury of the private Misquamicut Fire District beaches with bath houses and lifeguards just across the street. Oceanside cocktails, dining, entertainment and amusements are all within reach. Drop off your keys when you arrive and relax! While unassuming at first glance, this 3BR/1BA ranch has all you need for a beach house and/or rental income. Excellent rental history (ask for details - it's already rented for 2020). With a little fixing up you can live happily ever after by the sea or rent it in-season to hold your place until you can build your dream house while you enjoy the other 3 seasons yourself. Cloistered in an area of million dollar homes, the potential here is limited only by your imagination. New construction next door to the right at 118 Atlantic is a great example of what you can build here. The smart investor makes their move while others are waiting. Take advantage of the uncertain times and incredible interest rates. Make your move today.

Last Agent to Sell the Property

Dan Babich

HomeSmart Professionals License #RES.0034612 Listed on: 04/01/2020

HomeSmart Professionals

Last Buyer's Agent

Sandy Bliven

RE/MAX South County License #RES.0031703

RE/MAX South County

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,160

Year Built

  • Built in 1955

Lot Details

  • 4,792 Sq Ft Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Vinyl Siding

Interior Spaces

  • 892 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Water Views
  • Crawl Space

Kitchen

  • Oven
  • Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 3 Parking Spaces
  • No Garage

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water

Utilities

  • No Cooling
  • No Heating
  • 100 Amp Service
  • Electric Water Heater
  • Cesspool

Listing and Financial Details

  • Tax Lot 95
  • Assessor Parcel Number 116ATLANTICAVWEST

Community Details

Overview

  • Misquamicut Fire District Subdivision

Recreation

  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,160

Year Built

Built in 1955

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Subdivision Name: Misquamicut Fire District
  • Above Grade Finished Sq Ft: 892.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1955
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Appliances: Electric Water Heater, Microwave, Oven, Range, Refrigerator
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Tub Shower, Furnished
  • Living Area: 892.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Pillar/Post/Pier

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Electric: 100 Amp Service
  • Sewer: Cesspool
  • Utilities: Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Recreation Area
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4792.0
  • Parcel #: 116ATLANTICAVWEST
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5160.0
  • Tax Lot: 95
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2020
Closed on
Aug 14, 2020
Sold by
Lupinacci Anthony G
Bought by
Arnold Angela V and Arnold Michael A
Seller's Agent
Dan Babich
HomeSmart Professionals
Buyer's Agent
Sandy Bliven
RE/MAX South County
List Price
$599,900
Sold Price
$580,000
Premium/Discount to List
-$19,900
-3.32%
Current Estimated Value
$1,518,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$938,948
Avg. Annual Appreciation
19.05%
Original Mortgage
$270,000
Outstanding Balance
$238,969
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,279,979
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Arnold Angela V $580,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arnold Angela V $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2020 08/24/20 Sold $580,000 -3.3% $650 / Sq Ft
07/25/2020 07/25/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $599,900 -- $673 / Sq Ft
Source: State-Wide MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,604 $1,632,000 $1,116,300 $515,700
2024 $11,891 $1,212,100 $797,400 $414,700
2023 $11,660 $1,212,100 $797,400 $414,700
2022 $6,303 $659,300 $634,300 $25,000
2021 $5,307 $460,700 $419,700 $41,000
2020 $5,211 $460,700 $419,700 $41,000
2019 $5,160 $460,700 $419,700 $41,000
2018 $4,969 $418,300 $381,600 $36,700
2017 $4,848 $418,300 $381,600 $36,700
2016 $4,886 $418,300 $381,600 $36,700
2015 $4,656 $430,300 $389,300 $41,000
2014 $4,578 $430,300 $389,300 $41,000
Source: Public Records

Agents Affiliated with this Home

  • Dan Babich

    Seller's Agent in 2020

    Dan Babich

    HomeSmart Professionals

    (860) 212-8680

    7 in this area

    33 Total Sales

    Dan Babich
    Section Image
  • Sandy Bliven

    Buyer's Agent in 2020

    Sandy Bliven

    RE/MAX South County

    (401) 714-6359

    94 in this area

    174 Total Sales

    Sandy Bliven
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1250844

State-Wide MLS

APN: WEST-000165-000095

Rhode Island Washington County Westerly 02891

116 Atlantic Ave, Westerly, RI

Not Listed for Sale

Detached

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