NOT LISTED FOR SALE

38 Bay St Unit 501 Westerly, RI 02891

Estimated Value: $1,309,611 - $1,938,000

2 Beds
2 Baths
1,456 Sq Ft
2006 Built

Sale Details

Date Sold: June 26, 2019

Last sale price $950,000 $652 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $10,129 / mo

21 Days on Market

Highlights

  • Beach Front
  • Golf Course Community
  • Wood Flooring
  • Marina
  • Spa
  • Furnished

About This Home

As of June 2019

Unique opportunity to own in Watch Hill Village! "Watch Hill Inn Villa Residence - W501 - a two bedroom • two full bath - upper level Residential Condominium in the center of Watch Hill Village, an historic Rhode Island Town at the intersection of Little Narragansett Bay, where the Atlantic Ocean meets the Long Island Sound. Located in the Historic Watch Hill Inn original built in 1845 and completely renovated in 2006. Great sunset and water views overlooking the historic Watch Hill Yacht Club with Stonington CT on the horizon across the Bay. Fully furnished and approved for the “Ocean House Management Rental Program”, this unique 1456 Sq. Ft. unit is complete with bamboo and marble floors, granite counter tops, Koehler bath fixtures, master bedroom, and pull out queen sofa - accommodating 4-5 persons, eat- in kitchen , and (2) assigned parking space. Participating Owner in the “Rental Program” shares in rental income, and while “in occupancy” has access and use of the “Amenities Package” offered at the two other Relais & Chateaux properties, the “Ocean House Resort Hotel”, and “Weekapaug Inn”, two Rhode Island Historic Landmarks. These include access to the OH private Atlantic beach, Spa, gym, croquette court, intra-property transportation, daily housekeeping, gourmet restaurants, OH marine fleet vessels, and much more. On site property management offers year round security surveillance.

Last Agent to Sell the Property

Peter Catalano

WATCH HILL PROPERTIES License #REC.0017173 Listed on: 06/04/2019

Last Buyer's Agent

Peter Catalano

WATCH HILL PROPERTIES License #REC.0017173 Listed on: 06/04/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,729

Year Built

  • Built in 2006

Lot Details

  • Beach Front
  • Security Fence

HOA Fees

  • $694 Monthly HOA Fees

Home Design

  • Entry on the 5th floor
  • Slab Foundation
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 1,456 Sq Ft Home
  • Furnished
  • Thermal Windows
  • Water Views
  • Unfinished Basement

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • No Garage
  • Assigned Parking

Outdoor Features

  • Spa
  • Walking Distance to Water

Location

  • Property near a hospital

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Underground Utilities
  • 200+ Amp Service
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 38BAYSTW501WEST

Community Details

Overview

  • 11 Units
  • Watch Hill Subdivision
  • On-Site Maintenance
  • Maintained Community
  • 5-Story Property

Amenities

  • Shops
  • Public Transportation

Recreation

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

Pet Policy

  • Pet Size Limit
  • Dogs Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,729

Year Built

Built in 2006

Lot Details

0 Sq Ft Lot

HOA Fees

$694 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Watch Hill
  • Above Grade Finished Sq Ft: 1456.0
  • Building Name: Watch Hill Inn
  • Entry Level: 5
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 5
  • Year Built: 2006
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 5

Interior Features

  • Furnished: Furnished
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Common Water Heater, Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: None, Unfinished
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Third Floor or higher Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower, Furnished, Cable TV
  • Living Area: 1456.0
  • Stories: 5
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Security
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Walk to Water
  • Construction Type: Drywall, Shingle Siding, Wood Siding
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: 1 Unit, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Septic Tank
  • Utilities: Underground Utilities
  • Water Source: Connected, Public, Water Tap Fee

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Maintenance On-Site, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • Amenities: Maintenance
  • Association Fee: 693.56
  • Association Fee Frequency: Monthly
  • Pets Allowed: Dogs OK, Size Limit, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 38BAYSTW501WEST
  • Zoning: sc wh
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 11

Tax Info

  • Tax Annual Amount: 7729.0
  • Tax Lot: 101
  • Tax Year: 2018

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2019 06/26/19 Sold $950,000 -13.2% $652 / Sq Ft
06/04/2019 06/04/19 For Sale $1,095,000 -- $752 / Sq Ft
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 $5,732 $806,200 $0 $806,200
2024 $7,416 $756,000 $0 $756,000
2023 $7,273 $756,000 $0 $756,000
2022 $7,227 $756,000 $0 $756,000
2021 $8,619 $748,200 $0 $748,200
2020 $8,462 $748,200 $0 $748,200
2019 $8,380 $748,200 $0 $748,200
2018 $7,635 $650,600 $0 $650,600
2017 $7,540 $650,600 $0 $650,600
2016 $7,599 $650,600 $0 $650,600
2015 $7,300 $674,700 $0 $674,700
2014 $7,179 $674,700 $0 $674,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1225593

State-Wide MLS

APN: WEST-000179-000101W-000501

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