NOT LISTED FOR SALE

377 Atlantic Ave Westerly, RI 02891

Estimated Value: $2,616,149 - $3,926,000

8 Beds
6 Baths
3,804 Sq Ft
$826/Sq Ft Est. Value

Last Sold September 17, 2021

Last sale price $1,900,000 $499 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $17,732/month

314 Days on Market

Highlights

  • Beach Front
  • Golf Course Community
  • Walking Distance to Water
  • Marina
  • Tennis Courts
  • Laundry Room

About This Home

As of September 2021

Located along Atlantic Avenue on 50ft of private beach frontage this versatile family home has served as an investment property for the last 25+yrs. The property is zoned as a legal 3 family dwelling. Strong rental history with loyal client base that rebook every Summer+full waiting list & new inquires each season.In addition to the summer rental season the property is fully occupied each off season with tenants that vacate the summer months and return in the Fall. AMAZING views of the entire Westerly coastline,,Watch Hill to Weekapaug. Look out at the open ocean and see Block Island to your left, Montauk, NY to your right. There are water views from every unit & breathtaking sunrises/sunsets.The house is comprised of 3 legal units.The Main Unit consists of 3 bedrooms, 1.5baths w/driveway level Studio Apartment that has full bath/laundry. The Garden Unit (driveway level) has 2beds/1.5bath/laundry,living,dining,kitchen The Garden and Studio units have a connecting door.The deck level has the Main and Ocean Units. The lower Main has living area that walks out onto the deck/beach,2beds/1bath and bunk beds along the wall. The Upper Main has another living area, dining area, kitchen, master suite/laundry & private balcony.The Ocean unit has 2 bed/1bath and dining, living, kitchen area that walks out onto the deck. There is a connecting door between the Main and Ocean. Make an appointment today to view this rare ocean front investment property.LINK FOR MATTERPORT in ATTACHMENTS.

Last Agent to Sell the Property

Brian Turano

Onshore Realtors License #REB.0018543 Listed on: 10/07/2020

Last Buyer's Agent

Dan Babich

HomeSmart Professionals License #RES.0034612

HomeSmart Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,465

Year Built

  • Built in 1957

Lot Details

  • 0.29 Acre Lot
  • Beach Front

Home Design

  • Combination Foundation
  • Block Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 3,804 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Laundry Room
  • Utility Room
  • Ceramic Tile Flooring
  • Water Views

Bedrooms and Bathrooms

  • 8 Bedrooms

Finished Basement

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

Parking

  • 10 Parking Spaces
  • No Garage

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • Oil Water Heater
  • Septic Tank

Additional Features

  • Walking Distance to Water
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 39
  • Assessor Parcel Number 377ATLANTICAVWEST

Community Details

Overview

  • Atlantic Avenue Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,465

Year Built

Built in 1957

Lot Details

0.29 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 0.29
  • Subdivision Name: ATLANTIC AVENUE
  • Above Grade Finished Sq Ft: 3804.0
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1957
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Oil Water Heater
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile
  • Living Area: 3804.0
  • Dining Room Type: Bathroom, Bedroom, Kitchen, Laundry, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Ocean Front, Walk to Water, Waterfront
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Foundation Details: Block, Combination

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 10.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Forced Air, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12632.0
  • Parcel #: 377ATLANTICAVWEST
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 18465.08
  • Tax Lot: 39
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2023
Sold by
Oceal Side Llc
Bought by
Thomas J Hale Ret and Hale
Current Estimated Value
$3,141,787

Purchase Details

Listed on
Oct 7, 2020
Closed on
Sep 2, 2021
Sold by
Brochu Ft and Brochu
Bought by
Ocean Side Llc
Seller's Agent
Brian Turano
Onshore Realtors
Buyer's Agent
Dan Babich
HomeSmart Professionals
List Price
$2,295,000
Sold Price
$1,900,000
Premium/Discount to List
-$395,000
-17.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.91%

Purchase Details

Closed on
Aug 20, 2018
Sold by
Brochu Robert W and Brochu Nancy R
Bought by
Brochu Ft and Brochu
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Thomas J Hale Ret -- None Available
Ocean Side Llc $1,900,000 None Available
Brochu Ft -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2021 09/17/21 Sold $1,900,000 -17.2% $499 / Sq Ft
08/18/2021 08/18/21 Pending -- -- --
10/07/2020 10/07/20 For Sale $2,295,000 0.0% $603 / Sq Ft
01/15/2020 01/15/20 For Rent $900 0.0% --
01/15/2020 01/15/20 Rented $900 -7.7% --
09/17/2019 09/17/19 For Rent $975 0.0% --
09/17/2019 09/17/19 Rented $975 -- --
Source: State-Wide MLS

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
2025 $18,761 $2,638,700 $2,563,000 $75,700
2024 $19,623 $2,000,300 $1,468,200 $532,100
2023 $19,240 $2,000,000 $1,468,200 $531,800
2022 $19,008 $1,988,300 $1,468,200 $520,100
2021 $17,906 $1,554,300 $1,156,600 $397,700
2020 $17,579 $1,554,300 $1,156,600 $397,700
2019 $17,408 $1,554,300 $1,156,600 $397,700
2018 $16,832 $1,416,800 $1,065,400 $351,400
2017 $16,321 $1,408,200 $1,065,400 $342,800
2016 $16,448 $1,408,200 $1,065,400 $342,800
2015 $15,639 $1,445,400 $1,087,100 $358,300
2014 $15,379 $1,445,400 $1,087,100 $358,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1266832

State-Wide MLS

APN: WEST-000167-000039

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