NOT LISTED FOR SALE

23 Alger Ave East Greenwich, RI 02818

Estimated Value: $550,602 - $868,000

6 Beds
3 Baths
2,149 Sq Ft
$347/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $725,000 $337 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,530/month

19 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Deck
  • Water Views
  • Water Access
  • Wood Flooring

About This Home

As of October 2023

Two houses, "side by each", to be sold together! Located on Chepiwanoxet Point, just across the street from Greenwich Bay is where you'll find this awesome property with gorgeous water views. Perfect income property or family compound as you like! The front house, (25 Alger), is one level living with two beds, one bath and an open floor plan and awesome water views from the front porch. Great flow. 737 sq ft of living space. The back house, (23 Alger), has 4 beds, 2 full baths, living, dining, kitchen and a front porch to rock away the long days of summer. Great flow also, with two bedrooms up and two on the main level. 1,412 sq ft of living space. Both houses have hardwood floors, in-unit laundry, natural gas cooking, full unfinished basements, City water and sewer too. Turnkey! No flood insurance required. There is ample off-street parking for four cars. Discover this hidden neighborhood that's on the water and sandwiched between the Cowesett neighborhood in Warwick and Main Street East Greenwich, RI! The best restaurants in the State are only minutes away in EG. Find your hidden treasure here in Chep!

Last Agent to Sell the Property

John Chapski

Coldwell Banker Realty License #REB.0018078 Listed on: 08/17/2023

Coldwell Banker Realty

Last Buyer's Agent

Jack Mayo

RE/MAX FLAGSHIP, INC. License #RES.0040287

RE/MAX FLAGSHIP, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,368

Year Built

  • Built in 1923

Lot Details

  • 8,712

Home Design

  • Block Foundation
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,149 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Storage Room
  • Laundry in unit
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage

Outdoor Features

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

Utilities

  • Window Unit Cooling System
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • 8,712 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 47 & 48
  • Assessor Parcel Number 2325ALGERAVWARW

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Chepiwanoxet Point Subdivision

Amenities

  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,368

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.2
  • Inclusions: Financials, (P&L), available upon request. Under market rent.
  • Subdivision Name: Chepiwanoxet Point
  • Above Grade Finished Sq Ft: 2149.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower, Cable TV
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Water Access, Walk to Water
  • Construction Type: Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Deck, Porch
  • Foundation Details: Block, Concrete Perimeter
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Hot Water, Oil, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Restaurant
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: 2325ALGERAVWARW
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 9368.0
  • Tax Lot: 47 & 48
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2018
Sold by
Musen Michael A and Musen Fernanda M
Bought by
Musen Michael A and Larocca Fernanda M
Current Estimated Value
$745,901

Purchase Details

Closed on
Aug 20, 2004
Sold by
Moran Kevin
Bought by
Musen Michael A and Musen Fernanda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Musen Michael A -- --
Musen Michael A $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Steinberg Bryan E $300,000
Previous Owner Steinberg Bryan E $150,000
Previous Owner Steinberg Bryan E $50,681
Previous Owner Steinberg Bryan E $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Sold $725,000 -12.1% $337 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $824,900 -- $384 / 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 $5,597 $386,800 $150,800 $236,000
2023 $5,489 $386,800 $150,800 $236,000
2022 $5,467 $291,900 $116,300 $175,600
2021 $5,467 $291,900 $116,300 $175,600
2020 $5,467 $291,900 $116,300 $175,600
2019 $5,467 $291,900 $116,300 $175,600
2018 $4,784 $230,000 $101,800 $128,200
2017 $4,655 $230,000 $101,800 $128,200
2016 $4,655 $230,000 $101,800 $128,200
2015 $3,909 $188,400 $68,500 $119,900
2014 $3,779 $188,400 $68,500 $119,900
2013 $3,728 $188,400 $68,500 $119,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1342061

State-Wide MLS

APN: WARW-000221-000047-000000