NOT LISTED FOR SALE

2 Passpataug Ave Westerly, RI 02891

Westerly Area

Estimated Value: $5,608,392

0.76 Acre
$7,379,463 Price per Acre
33,106 Sq Ft Lot

Sale Details

Date Sold: October 9, 2020

Last sale price $1,400,000

Est. 301% increase in value since last sale

Current estimated payment $35,534 / mo

422 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Beach Access
  • Corner Lot
  • High Speed Internet

About This Lot

As of October 2020

One of a kind . . . the finest undeveloped parcel of land remaining in the highly sought-after enclave of Weekapaug. This over-sized corner building lot is square, flat, dry and will easily accommodate a substantial home with a pool and generous gardens. A DEM approved 5-bedroom septic design is in place. Build your dream home without compromise! Plans available for a spacious and spectacular New England traditional shingle style home designed by a renowned local architect. Just a short walk to the exclusive private beaches and all the rest of Weekapaug's cherished amenities. Weekapaug is an exclusive seaside community that places an emphasis on the unique natural beauty of its coastline and an understated lifestyle that has inspired family memories for generations. Property features include: -Exclusive beach rights to two of the most beautiful beaches on the East coast. -Community tennis, boat slips and gardening. -Private access to Quonnie pond for clamming, crabbing, fishing, watersports. -Weekapaug Yacht Club membership eligibility. Other Fun Things: -Weekly farmer's market. -Surfing, sailing, boarding, boating, and any other water sport you can imagine. -Fantastic golfing at some of New England's finest courses. -Great sport fishing from shore or charter boat. -The Weekapaug Inn, a renowned Relais & Chateaux hotel. -World-class casinos 20 minutes away. -A variety of local vineyards and breweries offering tastings, tours, festivals and music.

Last Agent to Sell the Property

Larry Burns

Lila Delman Compass License #RES.0041164 Listed on: 07/14/2019

Lila Delman Compass

Last Buyer's Agent

Lori Joyal

Lila Delman Compass License #REB.0016177

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,036

Lot Details

  • 33,106 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Finished Lot(s)
  • Property is zoned MDR-30

Utilities

  • Underground Utilities
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 87 A
  • Assessor Parcel Number 2PASSPATAUGAVWEST

Community Details

Overview

  • Weekapaug Subdivision

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Beach Access
  • Water Access
  • Walking Distance to Water

Property Details

Property Type

Land

Est. Annual Taxes

$13,036

Lot Details

0.76 Acres

Listing Details

  • Prop. Type: Land
  • Business Type: Residential
  • Lot Size Acres: 0.76
  • Road Surface Type: Asphalt
  • Subdivision Name: Weekapaug
  • New Construction: No
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: Corner Lot, Level
  • Topography: Level
  • Waterfront Features: Beach Access, Dock Access, Water Access, Walk to Water
  • Disclosures: Septic Disclosure

Utilities

  • Utilities: Cable Available, High Speed Internet Available, Phone Available, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Golf, Marina, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Development Status: Finished Lot(s)
  • Land Lease: No
  • Lot Size Sq Ft: 33106.0
  • Wooded Area: 100.0
  • Parcel #: 2PASSPATAUGAVWEST
  • Zoning Description: Residential
  • Zoning: MDR-30
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 13036.0
  • Tax Lot: 87 A
  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2019
Closed on
Oct 8, 2020
Sold by
Passpataug Properties Llc
Bought by
Seller's Agent
Larry Burns
Lila Delman Compass
Buyer's Agent
Lori Joyal
Lila Delman Compass
List Price
$1,590,000
Sold Price
$1,400,000
Premium/Discount to List
-$190,000
-11.95%
Current Estimated Value
$5,608,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,208,392
Avg. Annual Appreciation
26.32%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Westerly, RI

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,400,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $999,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/09/2020 10/09/20 Sold $1,400,000 -11.9% --
09/09/2020 09/09/20 Pending -- -- --
07/14/2019 07/14/19 For Sale $1,590,000 +89.3% --
02/17/2017 02/17/17 Sold $840,000 -1.2% -- View Prior Sale
01/18/2017 01/18/17 Pending -- -- --
04/03/2016 04/03/16 For Sale $850,000 -- --
Source: State-Wide MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $43,557 $6,126,100 $2,258,500 $3,867,600
2024 $39,059 $3,981,500 $1,470,000 $2,511,500
2023 $27,135 $2,820,700 $1,409,100 $1,411,600
2022 $16,061 $1,680,000 $1,409,100 $270,900
2021 $13,416 $1,164,600 $1,164,600 $0
2020 $13,172 $1,164,600 $1,164,600 $0
2019 $13,044 $1,164,600 $1,164,600 $0
2018 $10,922 $919,400 $919,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1229380

State-Wide MLS

APN: 157 87 A

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