NOT LISTED FOR SALE

5 Compass Way Unit 102 Westerly, RI 02891

Estimated Value: $607,249 - $736,000

1 Bed
2 Baths
1,190 Sq Ft
$850/mo HOA Fee

Last Sold February 14, 2024

Last sale price $645,000 $542 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,130/month

62 Days on Market

Highlights

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

About This Home

As of February 2024

Drop your bags and enjoy carefree living with ocean views. This fabulous first floor condominium unit has been tastefully renovated with many upgrades. There are two full, modern bathrooms, one with Electrolux washer and dryer. The master bath boasts a Silestone quartz shower and radiant heat floor. The entire unit has upgraded beautiful Kingswood white oak hardwood flooring. The custom outfitted closets are gems. There is additional storage in the heated garage. There is a modern, energy efficient Asko dishwasher, a built in Miele refrigerator that holds 104 bottles of your favorite wines, and a built in Miele 30-inch freezer. The gas fireplace adds charm and warmth to the spacious living room on those winter evenings. Sit and take in the salt air and ocean breeze on the heavenly stone patio while barbequing. The unit is heated by natural gas. There is an elevator from the lobby and parking garage to the three floors above. There is ample storage. The Champlin Woods Condos community is vibrant with a modern community clubhouse with kitchen, showers, fitness center, and heated saltwater pool.

Last Agent to Sell the Property

John Blair

Mott & Chace Sotheby's Intl. License #RES.0041426 Listed on: 11/29/2023

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Larry Burns

Compass / Lila Delman Compass License #RES.0041164

Compass / Lila Delman Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,186

Year Built

  • Built in 2016

HOA Fees

  • $850 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Assigned Parking

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 1,190 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Wood Flooring
  • Water Views
  • Unfinished Basement
  • Interior and Exterior Basement Entry

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Beach Access

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 5COMPASSWYC102WEST

Community Details

Overview

  • Senior Community
  • Association fees include clubhouse, ground maintenance, parking, pool(s), snow removal, trash
  • 40 Units
  • Champlin Woods Subdivision

Amenities

  • Shops
  • Restaurant

Recreation

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,186

Year Built

Built in 2016

Lot Details

0

HOA Fees

$850 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Champlin Woods
  • Above Grade Finished Sq Ft: 1190.0
  • Architectural Style: High Rise
  • Building Name: Champlin Woods Condos
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Structure Type: High Rise
  • Year Built: 2016
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Interior Entry, None, Unfinished
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Entry Location: Elevator,First Floor Access
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower, Cable TV
  • Living Area: 1190.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: In Ground, Community
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access
  • Construction Type: Plaster, Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Built In
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Pool, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: Yes
  • Amenities: Pool, Recreation Facilities
  • 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), Snow Removal, Trash

Lot Info

  • Parcel #: 5COMPASSWYC102WEST
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 40

Tax Info

  • Tax Annual Amount: 4186.0
  • Tax Lot: 1
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2020
Closed on
Apr 12, 2021
Sold by
Jones Charles E and Jones Michele R
Bought by
Mulcahey Richard and Pike Laurie
Seller's Agent
Donna Simmons
Mott & Chace Sotheby's Intl.
Buyer's Agent
John Blair
Mott & Chace Sotheby's Intl.
List Price
$529,000
Sold Price
$480,000
Premium/Discount to List
-$49,000
-9.26%
Total Days on Market
62
Current Estimated Value
$687,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,812
Avg. Annual Appreciation
9.05%
Original Mortgage
$380,000
Outstanding Balance
$346,283
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$341,529
Source: Public Records

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Range of Values:

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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
Mulcahey Richard $480,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mulcahey Richard $380,000
Previous Owner Jones Charles E $307,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2024 02/14/24 Sold $645,000 -2.3% $542 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
11/29/2023 11/29/23 For Sale $659,900 +37.5% $555 / Sq Ft
04/12/2021 04/12/21 Sold $480,000 -9.3% $403 / Sq Ft
03/13/2021 03/13/21 Pending -- -- --
11/02/2020 11/02/20 For Sale $529,000 +17.8% $445 / Sq Ft
02/16/2016 02/16/16 Sold $449,114 +17.0% $388 / Sq Ft
01/17/2016 01/17/16 Pending -- -- --
11/09/2012 11/09/12 For Sale $384,000 -- $331 / 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 $5,024 $480,800 $0 $480,800
2023 $4,421 $435,100 $0 $435,100
2022 $4,395 $435,100 $0 $435,100
2021 $5,379 $446,000 $0 $446,000
2020 $5,285 $446,000 $0 $446,000
2019 $5,236 $446,000 $0 $446,000
2018 $5,354 $433,500 $0 $433,500
2017 $5,202 $433,500 $0 $433,500
2016 $5,192 $432,700 $0 $432,700
2015 $2,131 $189,800 $0 $189,800
2014 $276 $25,000 $0 $25,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    John Blair

    Mott & Chace Sotheby's Intl.

    (857) 919-0923

    14 in this area

    41 Total Sales

    John Blair
    Section Image
  • Larry Burns

    Buyer's Agent in 2024

    Larry Burns

    Compass / Lila Delman Compass

    (401) 222-0656

    57 in this area

    74 Total Sales

    Larry Burns
    Section Image
  • Donna Simmons

    Seller's Agent in 2021

    Donna Simmons

    Mott & Chace Sotheby's Intl.

    (401) 439-0268

    46 in this area

    49 Total Sales

    Donna Simmons
    Section Image

  • J

    Seller's Agent in 2016

    Jean Crowley

    Coldwell Banker Coastal Homes

  • E

    Seller Co-Listing Agent in 2016

    Elizabeth Goor

    Coldwell Banker Coastal Homes

  • Heather Morrone

    Buyer's Agent in 2016

    Heather Morrone

    Coldwell Banker Coastal Homes

    (401) 578-2358

    28 in this area

    91 Total Sales

    Heather Morrone
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1348714

State-Wide MLS

APN: WEST-000139-000001D-C000102

Rhode Island Washington County Westerly 02891

5 Compass Way Unit 102, Westerly, RI

This home is located at 5 Compass Way Unit 102, Westerly, RI 02891 since 29 November 2023 and is currently estimated at $687,812, approximately $577 per square foot. This property was built in 2016. 5 Compass Way Unit 102 is a home located in Washington County with nearby schools including Westerly High School and St. Michael School.

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