NOT LISTED FOR SALE

2 Olive Grove Ln Westerly, RI 02891

Estimated Value: $728,832

4 Beds
2.5 Baths
2,400 Sq Ft
$304/Sq Ft Est. Value

Last Sold April 25, 2019

Last sale price $475,000 $198 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,326/month

68 Days on Market

Highlights

  • Marina
  • Under Construction
  • Colonial Architecture
  • Golf Course Community
  • 1.53 Acre Lot
  • Deck

About This Home

As of April 2019

• Low Down Payment, estimated $2,039 Per Month to a qualified buyer • New Construction • Master Bed with Walk-In Closet and Bath • Granite Counters • Soft Close Cabinets • Hardwoods Throughout • Close to the Beaches • Easy Highway access • Detached Work Shop • 20% Down 30 Years 5.0% APR to a qualified buyer ________________________________________________________________________________________________________ Brand New Construction! This Stunning Colonial is located in a wonderful area. Featuring a bright and open kitchen with a large center island, granite counters, and beautiful hardwood floors throughout! This home is perfect for entertaining. The spacious kitchen flows into the living room with sliders leading to your rear deck and private backyard. The Master is complete with walk-in closet and full master bath. 3 additional bedrooms are also featured along with a guest bath, Central A/C, gas heat, and a 2 car attached garage. Outside you will find a large workshop or detached garage. There’s plenty of parking in a beautiful secluded area close to the beaches and local shops.

Last Agent to Sell the Property

Nathan Clark

Your Home Sold Guaranteed, NCT Listed on: 01/16/2019

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

  • $5,490

Year Built

  • Built in 2018 | Under Construction

Lot Details

  • 1.53 Acre Lot
  • Wooded Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Attic

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Unfinished Basement

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

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • 200+ Amp Service
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 2OLIVEGROVELANEWEST

Community Details

Overview

  • Shelter Harbor Gold Course Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,490

Year Built

Built in 2018 | Under Construction

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.53
  • Subdivision Name: Shelter Harbor Gold Course
  • Above Grade Finished Sq Ft: 2400.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Building Stories: 2
  • Year Built: 2018
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 4098
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Attic, Tub Shower
  • Living Area: 2400.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: Builder

Exterior Features

  • Lot Features: Wooded
  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Property Condition: Under Construction

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 4.0
  • Garage Spaces: 4.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 14.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Schools, Public Transportation, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 66646.0
  • Parcel #: 2OLIVEGROVELANEWEST
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Lot: 1
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2022
Sold by
Grossi Joseph and Grossi Barbara E
Bought by
Joseph & B E Grossi Ret and Grossi
Total Days on Market
68
Current Estimated Value
$728,832

Purchase Details

Listed on
Jan 16, 2019
Closed on
Apr 25, 2019
Sold by
Gleason Michael E
Bought by
Grossi Joseph and Grossi Barbara E
Seller's Agent
Nathan Clark
Your Home Sold Guaranteed, NCT
Buyer's Agent
Sandy Bliven
RE/MAX South County
List Price
$474,900
Sold Price
$475,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%
Original Mortgage
$345,000
Interest Rate
4.3%
Mortgage Type
VA

Purchase Details

Closed on
Jan 18, 2018
Sold by
Desimone Stephen R
Bought by
Gleason Michael E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 9, 2017
Sold by
Ferraro Arthur R Est and Ferraro
Bought by
Desimone Stephen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,000
Interest Rate
3.78%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 30, 2017
Sold by
Ferraro Arthur R Est and Ferraro
Bought by
Desimone Stephen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,000
Interest Rate
3.78%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 2, 1963
Bought by
Sparro Realt Co
Source: Public Records

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Range of Values:

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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
Joseph & B E Grossi Ret -- None Available
Joseph & B E Grossi Ret -- None Available
Grossi Joseph $475,000 --
Grossi Joseph $475,000 --
Gleason Michael E $115,000 --
Gleason Michael E $115,000 --
Desimone Stephen R $94,500 --
Desimone Stephen R $94,500 --
Desimone Stephen R $94,500 --
Desimone Stephen $94,500 --
Desimone Stephen R $94,500 --
Sparro Realt Co -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grossi Joseph $345,000
Previous Owner Gleason Michael E $243,750
Previous Owner Desimone Stephen R $197,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2019 04/25/19 Sold $475,000 0.0% $198 / Sq Ft
03/26/2019 03/26/19 Pending -- -- --
01/16/2019 01/16/19 For Sale $474,900 -- $198 / 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 $5,490 $559,600 $181,100 $378,500
2023 $5,383 $559,600 $181,100 $378,500
2022 $5,350 $559,600 $181,100 $378,500
2021 $5,489 $476,500 $159,400 $317,100
2020 $5,389 $476,500 $159,400 $317,100
2019 $5,337 $476,500 $159,400 $317,100
2018 $5,452 $458,900 $159,400 $299,500
2017 $3,223 $278,100 $194,900 $83,200
2016 $3,248 $278,100 $194,900 $83,200
2015 $3,095 $286,000 $197,800 $88,200
2014 $3,043 $286,000 $197,800 $88,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1213163

State-Wide MLS

APN: WEST-000115-000047