NOT LISTED FOR SALE

2 Kidds Way Westerly, RI 02891

Estimated Value: $5,732,000 - $21,014,086

7 Beds
8.5 Baths
11,256 Sq Ft
$1,078/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $17,700,000 $1,572 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $75,613/month

64 Days on Market

Highlights

  • Marina
  • Beach Access
  • Wine Cellar
  • Water Views
  • Golf Course Community
  • Home Theater

About This Home

As of October 2022

TREASURE HILL is the once in a lifetime elegant offering which sits at the second highest elevation on the Watch Hill peninsula. This ONE acre estate encompasses over 11,000 square feet of sheer beauty capturing beautiful vistas of the Atlantic Ocean. The architectural details and stone work on this estate is like no other in Watch Hill. The extraordinary kitchen has hand crafted cabinetry w/ Thermador appliances, coffee bar, double ovens, oversized standalone refrigerator & freezer all with heavenly views. Enjoying an open concept is a family/living room, fireplace with striking vistas. An elevator affords versatility. The primary bedroom includes a sitting room, fireplace, exquisite bath all overlooking the Atlantic Ocean. There are an additional 6 bedrooms, all ensuite. Adding to the ambiance, a stunning coastal family room, w/beamed ceiling & wide planked floors w/ a deck that takes your breath away. The old world charm on the walk out level features a grand pub room, 4 foot fireplace w/ granite surround w/ cherry & a wood burled mantle which anchors this special room w/a tin ceiling, crafted curved corner bar, sauna. In-house gym / fitness room w/ sauna & full bath. Wine cellar w/an ornamental wrought iron gate connects to a billiard room/wine tasting room. Capping off perfection a GUNITE HEATED SALT WATER POOL overlooking the Atlantic Ocean, cascading waterfall -POOL HOUSE w/full kitchen & bath. Completing this breathtaking estate is a deeded right of way to the beach.

Last Listed By

Lori Joyal

Compass / Lila Delman Compass License #REB.0016177 Listed on: 05/29/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $79,000

Year Built

  • Built in 1988

Lot Details

  • 1.08 Acre Lot
  • Private Lot
  • Secluded Lot
  • Corner Lot
  • Sprinkler System

Parking

  • 3 Car Attached Garage

Home Design

  • Stone Foundation
  • Shingle Siding

Interior Spaces

  • 3-Story Property
  • 3 Fireplaces
  • Marble Fireplace
  • Fireplace Features Masonry
  • Wine Cellar
  • Family Room
  • Living Room
  • Home Theater
  • Storage Room
  • Sauna
  • Water Views
  • Security System Owned

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Underground Utilities
  • 200+ Amp Service
  • Power Generator
  • Oil Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 35
  • Assessor Parcel Number 2KIDDSWYWEST

Community Details

Overview

  • Watch Hill Subdivision

Recreation

  • Marina
  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$79,000

Year Built

Built in 1988

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 1.08
  • Subdivision Name: WATCH HILL
  • Above Grade Finished Sq Ft: 8086.0
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1988
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Spa Features: Hot Tub, Sauna
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Accessibility Features: Accessible Elevator Installed
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 3170.0
  • Fireplace Features: Masonry, Marble, Tile
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Elevator, Cable TV, Wine Cellar
  • Living Area: 11256.0
  • Dining Room Type: Bathroom, Family Room, Laundry, Living Room, Media Room, Storage Room, Wine Cellar
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, Private, Secluded, Sprinkler System
  • Pool Features: In Ground
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Walk to Water
  • Construction Type: Shingle Siding
  • Exterior Features: Deck, Porch, Sprinkler/Irrigation
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 23.0

Utilities

  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers, Generator
  • Sewer: Septic Tank
  • Utilities: Underground Utilities
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 47045.0
  • Parcel #: 2KIDDSWYWEST
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 79000.0
  • Tax Lot: 35
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2022
Closed on
Oct 31, 2022
Sold by
Mclean Diane
Bought by
Richards Peter J
Seller's Agent
Lori Joyal
Compass / Lila Delman Compass
Buyer's Agent
Olga Goff
Olga B. Goff Real Estate
List Price
$18,500,000
Sold Price
$17,700,000
Premium/Discount to List
-$800,000
-4.32%
Total Days on Market
64
Views
134
Current Estimated Value
$12,137,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,562,638
Avg. Annual Appreciation
-14.01%
Original Mortgage
$11,200,000
Outstanding Balance
$10,705,419
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,431,943

Purchase Details

Closed on
Aug 9, 2007
Sold by
Gencarelli Karen E and Gencarelli Louis A
Bought by
Mclean Diane

Purchase Details

Closed on
Mar 1, 2002
Sold by
Fonda Anthony C
Bought by
Gencarelli Louis A

Range of Values:

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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
Richards Peter J $17,700,000 None Available
Mclean Diane $5,500,000 --
Gencarelli Louis A $3,150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richards Peter J $11,200,000
Previous Owner Fonda Dyana S $1,940,000
Previous Owner Fonda Dyana S $2,275,000
Previous Owner Fonda Dyana S $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2022 10/31/22 Sold $17,700,000 -4.3% $1,572 / Sq Ft
08/02/2022 08/02/22 Pending -- -- --
05/29/2022 05/29/22 For Sale $18,500,000 -- $1,644 / 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 $95,991 $9,785,000 $5,133,100 $4,651,900
2023 $76,429 $7,944,800 $5,133,100 $2,811,700
2022 $75,943 $7,943,800 $5,133,100 $2,810,700
2021 $81,794 $7,100,200 $4,457,800 $2,642,400
2020 $80,303 $7,100,200 $4,457,800 $2,642,400
2019 $79,522 $7,100,200 $4,457,800 $2,642,400
2018 $78,642 $6,619,700 $4,457,800 $2,161,900
2017 $76,722 $6,619,700 $4,457,800 $2,161,900
2016 $77,318 $6,619,700 $4,457,800 $2,161,900
2015 $68,719 $6,351,100 $4,138,200 $2,212,900
2014 $67,576 $6,351,100 $4,138,200 $2,212,900
Source: Public Records

Agents Affiliated with this Home

  • Lori Joyal

    Seller's Agent in 2022

    Lori Joyal

    Compass / Lila Delman Compass

    (401) 742-1225

    116 in this area

    226 Total Sales

    Lori Joyal
    Section Image

  • O

    Buyer's Agent in 2022

    Olga Goff

    Olga B. Goff Real Estate

    (401) 212-7402

    16 in this area

    19 Total Sales

    Olga Goff
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Map

Source: State-Wide MLS

MLS Number: 1311456

State-Wide MLS

APN: WEST-000180-000035

Rhode Island Washington County Westerly 02891

2 Kidds Way, Westerly, RI

Homes for Sale in Westerly, RI

This home is located at 2 Kidds Way, Westerly, RI 02891 since 29 May 2022 and is currently estimated at $12,137,362, approximately $1,078 per square foot. This property was built in 1988. 2 Kidds Way is a home located in Washington County with nearby schools including Westerly High School.

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