$310,000
SOLD NOV 16, 2015

40 Grove Ave Westerly, RI 02891

5 Beds
2.5 Baths
2,258 Sq Ft
5,483 Sq Ft Lot

Recently Sold

$137 Per Sq Ft

18% Below List Price

384 Days on Market

Highlights

  • Wood Flooring
  • Workshop
  • Storm Windows
  • Game Room
  • Thermal Windows
  • Property near a hospital

About This Home

As of June 2021

Will Sell individually or as an "investment portfolio package" or 1031 Exchange, to include 4 properties (seller financing may be available). Zoned Professional, 2 FAM, overlooks park, historic downtown, theater, train & quaint eateries. Turn key!

Last Agent to Sell the Property

Sandy Bliven

RE/MAX South County License #RES.0031703 Listed on: 09/27/2014

RE/MAX South County

Last Buyer's Agent

Robin Knisley

Mott & Chace Sotheby's Intl. License #REB.0016958

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,800

Year Built

  • Built in 1915

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,258 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Game Room
  • Workshop
  • Storm Windows
  • Laundry in unit

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Utilities

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

Additional Features

  • 5,483 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 44
  • Assessor Parcel Number 40GROVEAVWEST

Community Details

Overview

  • 2 Units
  • Historic Downtown & Park Subdivision

Building Details

  • Operating Expense $3,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,800

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1259
  • Subdivision Name: HISTORIC DOWNTOWN & PARK
  • Above Grade Finished Sq Ft: 2258.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1915
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Living Area: 2258.0
  • Dining Room Type: Game Room, Workshop
  • Stories: 2
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5483.0
  • Parcel #: 40GROVEAVWEST
  • Zoning: P
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 3200.0

Tax Info

  • Tax Annual Amount: 2800.0
  • Tax Lot: 44
  • Tax Year: 2014

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
List Price
$450,000
Sold Price
$415,000
Premium/Discount to List
-$35,000
-7.78%
Current Estimated Value
$547,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,872
Avg. Annual Appreciation
7.21%
Original Mortgage
$332,000
Outstanding Balance
$303,838
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$253,672

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
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $415,000 None Available
Warranty Deed $310,000 --
Deed -- --
Foreclosure Deed $224,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $332,000 Purchase Money Mortgage
Previous Owner $287,500 No Value Available
Previous Owner $246,000 No Value Available
Previous Owner $150,000 No Value Available
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

    41 Total Sales

    Robin Knisley
    Section Image
  • Donald Geehan

    Buyer's Agent in 2021

    Donald Geehan

    Compass

    (401) 952-0105

    14 in this area

    21 Total Sales

    Donald Geehan
    Section Image
  • Sandy Bliven

    Seller's Agent in 2015

    Sandy Bliven

    RE/MAX South County

    (401) 714-6359

    93 in this area

    181 Total Sales

    Sandy Bliven
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1079966

State-Wide MLS

APN: WEST-000057-000044

Rhode Island Washington County Westerly 02891

40 Grove Ave, Westerly, RI

This home is located at 40 Grove Ave, Westerly, RI 02891 and is currently priced at $310,000, approximately $137 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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