NOT LISTED FOR SALE

167 Waterman Lake Dr Chepachet, RI 02814

Estimated Value: $245,000 - $293,000

1 Bed
1 Bath
1,950 Sq Ft
$139/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $200,000 $103 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,657/month

11 Days on Market

Highlights

  • Water Views
  • Golf Course Community
  • Tennis Courts
  • Fogarty Memorial School Rated A-
  • Wood Flooring
  • Cottage

About This Home

As of May 2022

Attention Contractors, Developers, Investors! **Unique Renovation Opportunity in the Waterman Lake Community!** Cottage features 975 sq ft of interior size, sited on an elevated 5,000 plus sq ft site, set back off the main road providing great views of Waterman Lake. ** Restore and enjoy the beach and boating, within footsteps of your front door. ** There is a lake association; $200 association fee provides a key to the boat ramp gate and beach access! **Needs work inside and out. Property requires a septic system. Will not pass FHA or VA. Property is being sold "as is." Seller/broker makes no warranties or representations. Buyers and buyer's agent to do their own due diligence. ** Easy to show.

Last Agent to Sell the Property

Joy Riley

Westcott Properties License #REB.0012495 Listed on: 04/15/2022

Last Buyer's Agent

Amanda Loux

Gold Door Realty License #RES.0042992

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,016

Year Built

  • Built in 1935

Lot Details

  • 5,663 Sq Ft Lot
  • Property is zoned 0010

Parking

  • 3 Car Garage
  • No Garage

Home Design

  • Cottage
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 1-Story Property
  • Fireplace Features Masonry
  • Wood Flooring
  • Water Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Walking Distance to Water

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Steam
  • Well
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 124
  • Assessor Parcel Number 167WATERMANLAKEDRGLOC

Community Details

Recreation

  • Golf Course Community
  • Tennis Courts

Additional Features

  • Waterman Lake/ Chepachet Subdivision
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,016

Year Built

Built in 1935

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Subdivision Name: Waterman Lake/ Chepachet
  • Above Grade Finished Sq Ft: 975.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1935
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Below Grade Sq Ft: 975.0
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Living Area: 1950.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Shingle Siding, Wood Siding
  • Foundation Details: See Remarks

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Unknown
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Schools, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5663.0
  • Parcel #: 167WATERMANLAKEDRGLOC
  • Zoning: 0010
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3016.0
  • Tax Lot: 124
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2022
Closed on
May 11, 2022
Sold by
Barnes Stephen
Bought by
Loux Amanda
Seller's Agent
Joy Riley
Westcott Properties
Buyer's Agent
Amanda Loux
Gold Door Realty
List Price
$149,000
Sold Price
$200,000
Premium/Discount to List
$51,000
34.23%
Current Estimated Value
$271,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,517
Avg. Annual Appreciation
9.63%
Original Mortgage
$250,000
Outstanding Balance
$238,057
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$31,587

Purchase Details

Closed on
Dec 13, 1996
Sold by
Ge Capital Mortgage
Bought by
Usa Va

Purchase Details

Closed on
Sep 30, 1993
Sold by
Wignot John V and Wignot Sharon
Bought by
Manseau Michelle Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 1989
Sold by
Lambert Paul B
Bought by
Wignot John V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,200
Interest Rate
10.06%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Loux Amanda $250,000 None Available
Usa Va $76,500 --
Manseau Michelle Chris $90,000 --
Wignot John V $119,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loux Amanda $250,000
Previous Owner Wignot John V $91,000
Previous Owner Wignot John V $95,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $200,000 +34.2% $103 / Sq Ft
04/27/2022 04/27/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $149,000 -- $76 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $2,589 $186,800 $120,500 $66,300
2023 $2,662 $186,800 $120,500 $66,300
2022 $3,017 $163,600 $74,600 $89,000
2021 $3,017 $163,600 $74,600 $89,000
2020 $2,981 $163,600 $74,600 $89,000
2018 $2,336 $116,800 $36,700 $80,100
2017 $2,304 $116,800 $36,700 $80,100
2016 $2,142 $95,400 $31,500 $63,900
2015 $2,110 $95,400 $31,500 $63,900
2014 $2,077 $95,400 $31,500 $63,900
2013 $2,328 $109,600 $42,000 $67,600
Source: Public Records

Agents Affiliated with this Home

  • Joy Riley

    Seller's Agent in 2022

    Joy Riley

    Westcott Properties

    (401) 952-7887

    5 in this area

    318 Total Sales

    Section Image

  • A

    Buyer's Agent in 2022

    Amanda Loux

    Gold Door Realty

    (401) 524-7416

    3 in this area

    48 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1307640

State-Wide MLS

APN: GLOC-000000-000000-000000WL-000124

Rhode Island Providence County Chepachet 02814

167 Waterman Lake Dr, Chepachet, RI

This home is located at 167 Waterman Lake Dr, Chepachet, RI 02814 since 15 April 2022 and is currently estimated at $271,517, approximately $139 per square foot. This property was built in 1935. 167 Waterman Lake Dr is a home located in Providence County with nearby schools including Fogarty Memorial School, Ponaganset Middle School, and Ponaganset High School.

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