NOT LISTED FOR SALE

38 Meadowview Terrace Unit 40 Westerly, RI 02891

Estimated Value: $473,000 - $570,000

4 Beds
2 Baths
3,508 Sq Ft
$147/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $400,000 $114 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,008/month

95 Days on Market

Highlights

  • Recreation Facilities
  • Shops
  • Forced Air Heating and Cooling System
  • Bathtub with Shower
  • Ceramic Tile Flooring
  • Utility Room

About This Home

As of October 2021

Investors take note or invest in your future; either way this duplex style property is a solid step in the right direction. Each unit has an open floor plan, where the living room and dining area connect to the kitchen that features oak cabinetry and ceramic tiled flooring. Lots of windows make the upstairs living space feel open and bright and everything is in move-in ready condition. Two bedrooms and a full bath can be found on each side, making these two units right for rentals, or live in one and let the other apartment help pay the mortgage! Economical gas heating and central air-conditioning are added amenities. An unfinished lower level offers storage, a play area, a home gym or any use you can dream up while a large, flat back yard is great for outdoor games and dining. Set on a quiet street in a family neighborhood, this duplex also offers easy access to Route 78 and Interstate 95 yet is also a quick drive to town, shopping, schools and the beach. Take advantage of Westerly's low tax rate, build equity and put your money to work for you in this value-packed property.

Last Agent to Sell the Property

Ben Faubert

Onshore Realtors License #REC.0017150 Listed on: 06/02/2021

Last Buyer's Agent

Adam Wilks

Keller Williams Coastal License #RES.0040975

Keller Williams Coastal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,760

Year Built

  • Built in 1985

Lot Details

  • 0.32 Acre Lot

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,508 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Laundry in unit

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 76
  • Assessor Parcel Number 3840MEADOWVIEWTERWEST

Community Details

Recreation

  • Recreation Facilities

Additional Features

  • 2 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,760

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.32
  • Above Grade Finished Sq Ft: 3508.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1985
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Tub Shower
  • Dining Room Type: Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Near Schools, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13939.0
  • Parcel #: 3840MEADOWVIEWTERWEST
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2759.87
  • Tax Lot: 76
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Oct 4, 2021
Sold by
Cheech L Real Estate Llc
Bought by
Foley Thomas C and Foley Margaret O
Seller's Agent
Ben Faubert
Onshore Realtors
Buyer's Agent
Adam Wilks
Keller Williams Coastal
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$516,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,477
Avg. Annual Appreciation
3.65%
Original Mortgage
$392,755
Outstanding Balance
$363,552
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$97,480

Purchase Details

Closed on
Apr 12, 2016
Sold by
Cillino Lauri A Est
Bought by
Luzzi Egidio

Purchase Details

Closed on
Nov 7, 2007
Sold by
Deniger James A and Deniger Janice L
Bought by
Luzzi Edigio and Cillino Lauri A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Foley Thomas C $400,000 None Available
Luzzi Egidio $209,000 --
Luzzi Edigio $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foley Thomas C $392,755
Previous Owner Deniger James A $425,000
Previous Owner Deniger James A $200,000
Previous Owner Deniger James A $153,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2021 10/06/21 Sold $400,000 0.0% $114 / Sq Ft
09/06/2021 09/06/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $399,900 -- $114 / 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 $3,354 $321,000 $110,500 $210,500
2023 $3,261 $321,000 $110,500 $210,500
2022 $3,242 $321,000 $110,500 $210,500
2021 $2,809 $232,900 $96,100 $136,800
2020 $2,760 $232,900 $96,100 $136,800
2019 $2,734 $232,900 $96,100 $136,800
2018 $2,696 $218,300 $96,100 $122,200
2017 $2,620 $218,300 $96,100 $122,200
2016 $2,620 $218,300 $96,100 $122,200
2015 $2,514 $223,900 $98,100 $125,800
2014 $2,474 $223,900 $98,100 $125,800
Source: Public Records

Agents Affiliated with this Home

  • Ben Faubert

    Seller's Agent in 2021

    Ben Faubert

    Onshore Realtors

    (401) 315-2588

    105 in this area

    113 Total Sales

    Ben Faubert
    Section Image
  • Adam Wilks

    Buyer's Agent in 2021

    Adam Wilks

    Keller Williams Coastal

    (401) 419-9502

    3 in this area

    194 Total Sales

    Adam Wilks
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1284381

State-Wide MLS

APN: WEST-000018-000076A-A000000

Rhode Island Washington County Westerly 02891

38 Meadowview Terrace Unit 40, Westerly, RI

This home is located at 38 Meadowview Terrace Unit 40, Westerly, RI 02891 since 02 June 2021 and is currently estimated at $516,477, approximately $147 per square foot. This property was built in 1985. 38 Meadowview Terrace Unit 40 is a home located in Washington County with nearby schools including Westerly High School, North Stonington Christian Academy, and St. Michael School.

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