NOT LISTED FOR SALE

40 Colonial Ave Warwick, RI 02886

Nausauket Neighborhood

Estimated Value: $339,000 - $446,000

2 Beds
3 Baths
1,824 Sq Ft
$211/Sq Ft Est. Value

Last Sold April 22, 2019

Last sale price $187,500 $103 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $2,391/month

49 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Recreation Facilities
  • Water Views
  • Wood Flooring
  • Walking Distance to Water

About This Home

As of April 2019

Rare historical, legal two-family home, on a very large lot for this area. Located in Apponaug Village with separate private entrances to each unit. Large Sunny deck, Clean 1 BR apartments with water views, private yard, and off street parking. One of the two units has 2 full baths with stand-up showers. All Utilities included in rents. Perfect location just off Post Road is just steps from restaurants, city hall, banks, pharmacies etc and close to bus lines, airport, commuter rail and both Rte 95 and 295. It's also located just minutes to downtown East Greenwich for shopping and dining. A short drive to Providence round this out as the ideal, convenient, central location in Rhode Island. This could be the perfect home or investment, particularly when combined with 25 Colonial and 50 Colonial all located within steps of each other and all for sale. See MLS #s 1214172 and 1214094 for more details on other properties

Last Agent to Sell the Property

Prem Prop RI Team

Premier Properties RI Listed on: 02/01/2019

Last Buyer's Agent

Justin Fox

RE/MAX Professionals License #RES.0040268

RE/MAX Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,047

Year Built

  • Built in 1857

Lot Details

  • 0.34

Home Design

  • Combination Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 1,824 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Water Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Walking Distance to Water
  • 0.34 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 0029
  • Assessor Parcel Number 40COLONIALAVWARW

Community Details

Overview

  • 4 Units
  • Apponaug Village Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Recreation Facilities

Building Details

  • Operating Expense $11,176

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,047

Year Built

Built in 1857

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.34
  • Subdivision Name: Apponaug Village
  • Above Grade Finished Sq Ft: 1824.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1857
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Tub Shower
  • Dining Room Type: Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard
  • Foundation Details: Combination

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping
  • Senior Community: No
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14701.0
  • Parcel #: 40COLONIALAVWARW
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 11176.0

Tax Info

  • Tax Annual Amount: 3047.0
  • Tax Lot: 0029
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2019
Closed on
Apr 22, 2019
Sold by
Alger Edward J and Alger Jacqueline
Bought by
Gerlach Connor
Seller's Agent
Prem Prop RI Team
Premier Properties RI
Buyer's Agent
Justin Fox
RE/MAX Professionals
List Price
$199,000
Sold Price
$187,500
Premium/Discount to List
-$11,500
-5.78%
Current Estimated Value
$384,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,499
Avg. Annual Appreciation
12.37%
Original Mortgage
$189,012
Interest Rate
4.4%
Mortgage Type
FHA
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
Gerlach Connor $192,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerlach Connor $194,000
Closed Gerlach Connor $9,944
Closed Gerlach Connor $189,012
Previous Owner Alger Edward J $92,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2019 04/22/19 Sold $187,500 -5.8% $103 / Sq Ft
03/23/2019 03/23/19 Pending -- -- --
02/01/2019 02/01/19 For Sale $199,000 -- $109 / 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 $3,513 $242,800 $111,600 $131,200
2023 $3,445 $242,800 $111,600 $131,200
2022 $3,504 $187,100 $81,200 $105,900
2021 $3,504 $187,100 $81,200 $105,900
2020 $3,504 $187,100 $81,200 $105,900
2019 $3,504 $187,100 $81,200 $105,900
2018 $2,951 $145,800 $74,900 $70,900
2017 $2,951 $145,800 $74,900 $70,900
2016 $2,951 $145,800 $74,900 $70,900
2015 $2,783 $134,100 $69,200 $64,900
2014 $2,690 $134,100 $69,200 $64,900
2013 $2,654 $134,100 $69,200 $64,900
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Prem Prop RI Team

    Premier Properties RI

    Section Image
  • Justin Fox

    Buyer's Agent in 2019

    Justin Fox

    RE/MAX Professionals

    3 Total Sales

    Justin Fox
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1213928

State-Wide MLS

APN: WARW-000245-000029-000000

Rhode Island Kent County Warwick 02886 Nausauket

40 Colonial Ave, Warwick, RI

This home is located at 40 Colonial Ave, Warwick, RI 02886 since 01 February 2019 and is currently estimated at $384,999, approximately $211 per square foot. This property was built in 1857. 40 Colonial Ave is a home located in Kent County with nearby schools including St Rose Of Lima School and Eleanor Briggs School.

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