NOT LISTED FOR SALE

40 Grove Ave Westerly, RI 02891

Estimated Value: $513,000 - $659,000

7 Beds
4 Baths
4,527 Sq Ft
$123/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $415,000 $92 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,395/month

18 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Storage Room
  • Recreation Facilities
  • Bathtub with Shower
  • Shops

About This Home

As of June 2021

Location, location, location Investors take note, this 2,330 square foot property with a finished lower level ( another 1,000 living square feet) is zoned professional -two family, and is located in downtown Westerly, close to Wilcox Park and the YMCA. Currently vacant. Work from home or purchase for investment

Last Listed By

Robin Knisley

Mott & Chace Sotheby's Intl. License #REB.0016958 Listed on: 05/12/2021

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,461

Year Built

  • Built in 1915

Lot Details

  • 5,489

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 4,527 Sq Ft Home
  • 2-Story Property
  • Fireplace Features Masonry
  • Storage Room
  • Utility Room
  • Wood Flooring
  • Storm Doors

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Partially Finished Basement

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

Parking

  • 5 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 44
  • Assessor Parcel Number 40GROVEAVWEST

Community Details

Overview

  • 2 Units
  • Downtown Subdivision

Amenities

  • Shops

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,461

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Subdivision Name: Downtown
  • Above Grade Finished Sq Ft: 4527.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1915
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Bathtub, Tub Shower
  • Dining Room Type: Bathroom, Bedroom, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Parcel #: 40GROVEAVWEST
  • Zoning: MDL-01
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3461.38
  • Tax Lot: 44
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2021
Closed on
Jun 30, 2021
Sold by
Aztec Properties Llc
Bought by
Manfredi Dillon R
Seller's Agent
Robin Knisley
Mott & Chace Sotheby's Intl.
Buyer's Agent
Donald Geehan
Compass / Lila Delman Compass
List Price
$450,000
Sold Price
$415,000
Premium/Discount to List
-$35,000
-7.78%
Total Days on Market
18
Current Estimated Value
$556,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,136
Avg. Annual Appreciation
2.54%
Original Mortgage
$332,000
Outstanding Balance
$307,053
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$150,446

Purchase Details

Listed on
Sep 27, 2014
Closed on
Nov 16, 2015
Sold by
Oefinger Rory
Bought by
Aztec Properties Llc
Seller's Agent
Sandy Bliven
RE/MAX South County
Buyer's Agent
Robin Knisley
Mott & Chace Sotheby's Intl.
List Price
$379,900
Sold Price
$310,000
Premium/Discount to List
-$69,900
-18.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%

Purchase Details

Closed on
Jul 29, 2011
Sold by
Deutsche Bank Natl T C
Bought by
Amy Realty

Purchase Details

Closed on
Feb 23, 2011
Sold by
Hayes Christine C
Bought by
Deutsche Bank Natl T C

Range of Values:

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Average Value
Not Available
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
Manfredi Dillon R $415,000 None Available
Aztec Properties Llc $310,000 --
Amy Realty -- --
Deutsche Bank Natl T C $224,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manfredi Dillon R $332,000
Previous Owner Hayes Christine $287,500
Previous Owner Hayes Christine $246,000
Previous Owner Hayes Christine $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $415,000 -7.8% $92 / Sq Ft
05/31/2021 05/31/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $450,000 +45.2% $99 / Sq Ft
11/16/2015 11/16/15 Sold $310,000 -18.4% $137 / Sq Ft
10/17/2015 10/17/15 Pending -- -- --
09/27/2014 09/27/14 For Sale $379,900 -- $168 / 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 $3,726 $356,600 $106,400 $250,200
2023 $3,623 $356,600 $106,400 $250,200
2022 $3,602 $356,600 $106,400 $250,200
2021 $3,523 $292,100 $92,600 $199,500
2020 $3,461 $292,100 $92,600 $199,500
2019 $3,429 $292,100 $92,600 $199,500
2018 $3,388 $274,300 $92,600 $181,700
2017 $3,292 $274,300 $92,600 $181,700
2016 $3,292 $274,300 $92,600 $181,700
2015 $3,233 $287,900 $94,400 $193,500
2014 $3,189 $287,900 $94,400 $193,500
Source: Public Records

Agents Affiliated with this Home

  • Robin Knisley

    Seller's Agent in 2021

    Robin Knisley

    Mott & Chace Sotheby's Intl.

    (401) 207-9187

    33 in this area

    42 Total Sales

    Robin Knisley
    Section Image
  • Donald Geehan

    Buyer's Agent in 2021

    Donald Geehan

    Compass / Lila Delman Compass

    (401) 952-0105

    14 in this area

    20 Total Sales

    Donald Geehan
    Section Image
  • Sandy Bliven

    Seller's Agent in 2015

    Sandy Bliven

    RE/MAX South County

    (401) 714-6359

    102 in this area

    201 Total Sales

    Sandy Bliven
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1282286

State-Wide MLS

APN: WEST-000057-000044

Rhode Island Washington County Westerly 02891

40 Grove Ave, Westerly, RI

Homes for Sale in Westerly, RI

This home is located at 40 Grove Ave, Westerly, RI 02891 since 12 May 2021 and is currently estimated at $556,136, approximately $122 per square foot. This property was built in 1915. 40 Grove Ave is a home located in Washington County with nearby schools including Westerly High School and St. Michael School.

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