NOT LISTED FOR SALE

5 Compass Way Unit 101 Westerly, RI 02891

Estimated Value: $1,126,000 - $1,240,000

2 Beds
2 Baths
1,856 Sq Ft
$850/mo HOA Fee

Last Sold June 26, 2024

Last sale price $990,000 $533 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $7,583/month

111 Days on Market

Highlights

  • Marina
  • Beach Access
  • In Ground Pool
  • Water Views
  • Golf Course Community
  • Active Adult

About This Home

As of June 2024

Stunning 2 Bedroom +Den w/ Fireplace easy care 55+condominium community with Ocean views. Take advantage of the coastal lifestyle with beaches and boating and nearby golf and tennis clubs without the hassles of lawn care and property maintenance. Located between the two resort communities of Watch Hill and Weekapaug, this property is perfectly situated to access the best lifestyle South County RI has to offer! Featuring a gorgeous South West facing kitchen overlooking the dining area and living room with a screened porch and cobblestone patio high on a hill with ocean views.
Entertain in the clubhouse which features a full kitchen, bar, and living room overlooking the in-ground saltwater pool. Enjoy the exercise facility, play bridge or go hiking on the 135 acres of conservation land that surround this property. 2 Pets are welcome with a 46 lb weight limit and pet application.

Last Agent to Sell the Property

Lisa Szaro

Mott & Chace Sotheby's Intl. License #RES.0028444 Listed on: 02/07/2024

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

George Masterson

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,522

Year Built

  • Built in 2013

Lot Details

  • Cul-De-Sac
  • Sprinkler System

HOA Fees

  • $850 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Driveway
  • Assigned Parking

Home Design

  • Entry on the 1st floor
  • Shingle Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,856 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Thermal Windows
  • Water Views
  • Intercom

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Low Pile Carpeting

Pool

  • In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water
  • Screened Patio
  • Outdoor Grill
  • Porch

Location

  • Property near a hospital

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Underground Utilities
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 1
  • Assessor Parcel Number 5COMPASSWYC101WEST

Community Details

Overview

  • Active Adult
  • Association fees include clubhouse, ground maintenance, parking, pool(s), recreation facilities, snow removal, trash
  • 40 Units
  • Westerly Subdivision

Amenities

  • Shops
  • Restaurant
  • Clubhouse
  • Recreation Room

Recreation

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,522

Year Built

Built in 2013

Lot Details

0

HOA Fees

$850 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Inclusions: Pet application form with photo and vaccinations to obtain approval prior to occupancy. Specific breeds not allowed. Pets over 45 lbs require board approval with 90 day trial period and AKC trainer screening. Buyer to contribute $2000 toward capitol funds as a contribution to the reserve for deferred maintenance and replacements account of the association upon closing.
  • Subdivision Name: Westerly
  • Above Grade Finished Sq Ft: 1856.0
  • Architectural Style: High Rise
  • Building Name: Champlin Woods
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: Three Or More, One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: High Rise
  • Year Built: 2013
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Other Equipment: Intercom
  • Owner Pays: Hot Water
  • Accessibility Features: Accessible Elevator Installed, Low Pile Carpet
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Elevator,First Floor Access
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Bathtub, Tub Shower, Elevator, Cable TV
  • Living Area: 1856.0
  • Stories: 1
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Cul-De-Sac, Sprinkler System
  • Pool Features: In Ground, Salt Water
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Drywall, Shingle Siding, Vinyl Siding
  • Exterior Features: Patio, Barbecue, Sprinkler/Irrigation, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Patio, Porch, Screened

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Built In
  • Total Parking Spaces: 11.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected, Underground Utilities
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Clubhouse, Golf, Highway Access, Marina, Near Hospital, Near Schools, Recreation Area, Restaurant, Shopping, Tennis Court(s), Trails/Paths
  • Senior Community: Yes
  • Amenities: Recreation Facilities, Recreation Room, Trail(s)
  • Association Fee: 850.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Clubhouse, Maintenance Grounds, Parking, Pool(s), Recreation Facilities, Snow Removal, Trash

Lot Info

  • Parcel #: 5COMPASSWYC101WEST
  • Zoning: R30
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 40

Tax Info

  • Tax Annual Amount: 6522.0
  • Tax Lot: 1
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Oct 12, 2022
Sold by
Schuman Allan R
Bought by
Perlstein Alan and Hamann Terry L
Seller's Agent
Anne Fox
Keller Williams Coastal
Buyer's Agent
Serene O'Connor
Residential Properties Ltd.
List Price
$990,000
Sold Price
$992,000
Premium/Discount to List
$2,000
0.2%
Views
68
Current Estimated Value
$1,164,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,338
Avg. Annual Appreciation
4.33%

Purchase Details

Listed on
Nov 12, 2019
Closed on
Dec 27, 2019
Sold by
Bowen Allynn F and Bowen Rita J
Bought by
Schuman Allan R
Seller's Agent
Donna Simmons
Mott & Chace Sotheby's Intl.
Buyer's Agent
Anne Fox
Keller Williams Coastal
List Price
$749,000
Sold Price
$749,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.52%
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
Perlstein Alan $992,000 None Available
Schuman Allan R $749,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2024 06/26/24 Sold $990,000 -5.7% $533 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
05/02/2024 05/02/24 Price Changed $1,050,000 -4.5% $566 / Sq Ft
02/07/2024 02/07/24 For Sale $1,100,000 +10.9% $593 / Sq Ft
10/17/2022 10/17/22 Sold $992,000 +0.2% $534 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $990,000 +32.2% $533 / Sq Ft
12/27/2019 12/27/19 Sold $749,000 0.0% $404 / Sq Ft
11/27/2019 11/27/19 Pending -- -- --
11/12/2019 11/12/19 For Sale $749,000 +11.4% $404 / Sq Ft
02/11/2016 02/11/16 Sold $672,571 +14.6% $359 / Sq Ft
01/12/2016 01/12/16 Pending -- -- --
07/24/2014 07/24/14 For Sale $587,000 -- $313 / 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 $6,709 $642,000 $0 $642,000
2023 $6,523 $642,000 $0 $642,000
2022 $6,484 $642,000 $0 $642,000
2021 $7,909 $655,800 $0 $655,800
2020 $7,771 $655,800 $0 $655,800
2019 $7,699 $655,800 $0 $655,800
2018 $7,845 $635,200 $0 $635,200
2017 $7,622 $635,200 $0 $635,200
2016 $6,884 $573,700 $0 $573,700
2015 $2,813 $250,500 $0 $250,500
2014 $276 $25,000 $0 $25,000
Source: Public Records

Agents Affiliated with this Home

  • Lisa Szaro

    Seller's Agent in 2024

    Lisa Szaro

    Mott & Chace Sotheby's Intl.

    (401) 559-6157

    4 in this area

    16 Total Sales

    Lisa Szaro
    Section Image

  • G

    Buyer's Agent in 2024

    George Masterson

  • Geb Masterson

    Buyer's Agent in 2024

    Geb Masterson

    William Pitt Sotheby's Int'l

    (714) 473-8530

    22 in this area

    34 Total Sales

    Geb Masterson
    Section Image
  • Anne Fox

    Seller's Agent in 2022

    Anne Fox

    Keller Williams Coastal

    (401) 741-3963

    33 in this area

    69 Total Sales

    Anne Fox
    Section Image

  • S

    Buyer's Agent in 2022

    Serene O'Connor

    Residential Properties Ltd.

    (860) 857-6101

    8 in this area

    13 Total Sales

    Serene O'Connor
    Section Image
  • Donna Simmons

    Seller's Agent in 2019

    Donna Simmons

    Mott & Chace Sotheby's Intl.

    (401) 439-0268

    39 in this area

    43 Total Sales

    Donna Simmons
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1352400

State-Wide MLS

APN: WEST-000139-000001D-C000101

Rhode Island Washington County Westerly 02891

5 Compass Way Unit 101, Westerly, RI

This home is located at 5 Compass Way Unit 101, Westerly, RI 02891 since 07 February 2024 and is currently estimated at $1,164,338, approximately $627 per square foot. This property was built in 2013. 5 Compass Way Unit 101 is a home located in Washington County with nearby schools including Westerly High School and St. Michael School.

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