$545,000
SOLD MAR 3, 2025

3 Setting Sun Dr Westerly, RI 02891

2.38 Acres
$228,992 Price per Acre
103,673 Sq Ft Lot

Recently Sold

22% Below List Price

347 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Corner Lot
  • Water Views
  • 2.38 Acre Lot
  • Tennis Courts

About This Lot

As of March 2025

Experience the perfect blend of coastal living and luxurious customization in this extraordinary opportunity. Nestled within a pristine 2.38-acre lot, just minutes from beautiful beaches and the picturesque Watch Hill and Avondale areas, this property offers an unparalleled lifestyle for the discerning out-of-town buyer. Imagine waking up to your morning coffee with views of Colonel Willies Cove and nature preserve. With swift access to golf courses, both private and public, tennis courts, pickleball facilities, Marinas & local airoirt. This location is a paradise for those seeking active outdoor pursuits. The convenience of downtown dining and shopping is at your doorstep. You'll also find yourself across the street from a renowned restaurant. This is the perfect canvas for your dream home. The owner,has secured all necessary approvals to construct up to a 4,622 sq ft masterpiece, complete with a spacious 2-car garage (28'x30'). The design could include a rooftop deck that promises endless moments of entertainment while soaking in panoramic vistas. Approvals with CRMC assent and OWTS septic design approval in place, allowing construction to commence immediately. Seize this chance to create your coastal dream home in the ideal location. Make your move today and embrace a lifestyle filled with beachside bliss, outdoor adventures, and the finest in dining and entertainment all within a 5-minute radius.

Last Agent to Sell the Property

Dan Liese

Seaport Real Estate Services License #REB.0017069 Listed on: 02/05/2024

Last Buyer's Agent

Dan Liese

Seaport Real Estate Services License #REB.0017069 Listed on: 02/05/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,277

Lot Details

  • 2.38 Acre Lot
  • Corner Lot
  • Level Lot
  • Finished Lot(s)
  • Property is zoned R20

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Water Views
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 41
  • Assessor Parcel Number 3SETTINGSUNDRWEST

Community Details

Overview

  • Avondale Hills Subdivision

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Walking Distance to Water

Property Details

Property Type

Land

Est. Annual Taxes

$2,277

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 2.38
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Avondale Hills
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: Corner Lot, Level
  • Topography: Level
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Disclosures: Owner Has Flood Insurance, Septic Disclosure

Utilities

  • Utilities: Cable Available, Municipal Utilities, Phone Available, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Recreation Area, Tennis Court(s), Street Lights

Lot Info

  • Development Status: Finished Lot(s)
  • Land Lease: No
  • Lot Size Sq Ft: 103672.0
  • Wooded Area: 70.0
  • Parcel #: 3SETTINGSUNDRWEST
  • Zoning Description: Residential
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2277.0
  • Tax Lot: 41
  • Tax Map Number: 137
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2024
Closed on
Mar 3, 2025
Sold by
Windward Asso Llc
Bought by
Jacavone Investment Corp
Seller's Agent
Dan Liese
Seaport Real Estate Services
Buyer's Agent
Dan Liese
Seaport Real Estate Services
List Price
$699,000
Sold Price
$545,000
Premium/Discount to List
-$154,000
-22.03%
Views
379
Current Estimated Value
$560,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,500
Avg. Annual Appreciation
4.87%
Original Mortgage
$1,145,000
Outstanding Balance
$1,139,330
Interest Rate
7.04%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$578,830
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $545,000 None Available
Warranty Deed $545,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,145,000 Credit Line Revolving
Closed $1,145,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2025 03/03/25 Sold $545,000 0.0% --
01/18/2025 01/18/25 Pending -- -- --
08/04/2024 08/04/24 Price Changed $545,000 -9.0% --
04/13/2024 04/13/24 Price Changed $599,000 -14.3% --
02/06/2024 02/06/24 For Sale $699,000 -- --
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 $2,271 $231,500 $231,500 $0
2023 $2,227 $231,500 $231,500 $0
2022 $2,213 $231,500 $231,500 $0
2021 $1,517 $131,700 $131,700 $0
2020 $1,490 $131,700 $131,700 $0
2019 $1,475 $131,700 $131,700 $0
2018 $1,380 $116,200 $116,200 $0
2017 $1,347 $116,200 $116,200 $0
2016 $1,357 $116,200 $116,200 $0
2015 $1,281 $118,400 $118,400 $0
2014 $1,260 $118,400 $118,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1351978

State-Wide MLS

APN: WEST-000137-000041