NOT LISTED FOR SALE

3940 Post Rd Unit 2 Warwick, RI 02886

Cowesett Neighborhood

Estimated Value: $231,000 - $264,000

1 Bed
1 Bath
624 Sq Ft
$255/mo HOA Fee

Last Sold October 14, 2022

Last sale price $195,000 $312 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,785/month

5 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Walking Distance to Water
  • Water Views
  • Tennis Courts
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of October 2022

Location, location, location!!! Have you been dreaming about living in the Cowesett/East Greenwich area but have been unable to find something at a reasonable price? Well, your wait is over! This safe and secure one level unit is just steps from the marinas and a short walk/drive to Main Street, City Park, restaurants, shopping, highway access and more. It features an open floor plan and has a great outdoor space with water views. The association is professionally managed, and for a small monthly condo fee your water, heat, trash removal, landscaping and snow plowing are all paid for. Stop paying your landlord's mortgage and get a place you can call your own. Are you an investor or considering investing? This property is easy to rent and is little hassle to maintain, with it's prime location, it is a great long term investment. Act today, this property will not last.

Last Agent to Sell the Property

Paul Zarrella

Williams & Stuart Real Estate License #REB.0015470 Listed on: 09/09/2022

Last Buyer's Agent

Paul Zarrella

Williams & Stuart Real Estate License #REB.0015470 Listed on: 09/09/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,231

Year Built

  • Built in 1970

HOA Fees

  • $255 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 624 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Water Views
  • Laundry in unit

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • No Garage
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Walking Distance to Water
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 0031
  • Assessor Parcel Number 3940POSTRDRD2WARW

Community Details

Overview

  • Association fees include heat, hot water, sewer, snow removal, water
  • 40 Units

Amenities

  • Shops
  • Public Transportation

Recreation

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

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,231

Year Built

Built in 1970

Lot Details

0

HOA Fees

$255 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Above Grade Finished Sq Ft: 624.0
  • Building Name: Ocean Forty
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1970
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate
  • Living Area: 624.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Brick, Clapboard
  • Foundation Details: Concrete Perimeter

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Water Tap Fee

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
  • Association Fee: 255.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK, Size Limit, Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Heat, Hot Water, Sewer, Snow Removal, Water

Lot Info

  • Parcel #: 3940POSTRDRD2WARW
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 40

Tax Info

  • Tax Annual Amount: 2231.0
  • Tax Lot: 0031
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2022
Closed on
Oct 14, 2022
Sold by
Spigel Donna and Spigel Rober
Bought by
Eppich Keith
Seller's Agent
Paul Zarrella
Williams & Stuart Real Estate
Buyer's Agent
Paul Zarrella
Williams & Stuart Real Estate
List Price
$185,000
Sold Price
$195,000
Premium/Discount to List
$10,000
5.41%
Views
145
Current Estimated Value
$249,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,836
Avg. Annual Appreciation
8.61%
Original Mortgage
$180,000
Outstanding Balance
$172,744
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$77,092

Purchase Details

Closed on
Oct 31, 2005
Sold by
Ocean 40 Llc
Bought by
Spigel Donna and Spigel Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,920
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Eppich Keith $195,000 None Available
Spigel Donna $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eppich Keith $180,000
Previous Owner Spigel Donna $107,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2022 10/14/22 Sold $195,000 +5.4% $313 / Sq Ft
09/14/2022 09/14/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $185,000 -- $296 / 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 $2,474 $171,000 $0 $171,000
2023 $2,426 $171,000 $0 $171,000
2022 $2,231 $119,100 $0 $119,100
2021 $2,231 $119,100 $0 $119,100
2020 $2,231 $119,100 $0 $119,100
2019 $2,231 $119,100 $0 $119,100
2018 $1,639 $78,800 $0 $78,800
2017 $1,595 $78,800 $0 $78,800
2016 $1,595 $78,800 $0 $78,800
2015 $1,596 $76,900 $0 $76,900
2014 $1,543 $76,900 $0 $76,900
2013 $1,522 $76,900 $0 $76,900
Source: Public Records

Agents Affiliated with this Home

  • Paul Zarrella

    Seller's Agent in 2022

    Paul Zarrella

    Williams & Stuart Real Estate

    (401) 398-2100

    9 in this area

    132 Total Sales

    Paul Zarrella
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Map

Source: State-Wide MLS

MLS Number: 1319729

State-Wide MLS

APN: WARW-000235-000018-000002

Rhode Island Kent County Warwick 02886 Cowesett

3940 Post Rd Unit 2, Warwick, RI

This home is located at 3940 Post Rd Unit 2, Warwick, RI 02886 since 09 September 2022 and is currently estimated at $249,836, approximately $400 per square foot. This property was built in 1970. 3940 Post Rd Unit 2 is a home located in Kent County with nearby schools including Our Lady of Mercy School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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