$480,000
SOLD APR 12, 2021

5 Compass Way Unit 102 Westerly, RI 02891

1 Bed
2 Baths
1,190 Sq Ft
$550/mo HOA Fee

Recently Sold

$403 Per Sq Ft

9% Below List Price

130 Days on Market

Highlights

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

About This Home

As of February 2024

Upgrades and Ocean Views! Ready for occupancy, this condo has many upgrades including a screened in porch looking out to the ocean, a gas fireplace for cozy evenings, two full bathrooms, custom outfitted closets and beautiful wide plank wood flooring!
This condo can easily sleep four with its master bedroom ensuite and a den which is large enough to be a second bedroom or a den/office! This condominium also features a heated indoor parking and storage! With a beautiful outdoor area, this condominium also features a gas hookup for your grill! No messy gas tanks to ever refill!
Enjoy carefree living, low monthly maintenance, inexpensive natural gas for heating and five star living with a community club house complete with kitchen, heated outdoor salt water pool, a great exercise room in a 55+ community that is active and engaged! Join the bridge group, the movie club or the book club, take trips to museums and sporting events and participate in the parties and celebrations that this vibrant community offers!

Last Agent to Sell the Property

Donna Simmons

Mott & Chace Sotheby's Intl. License #RES.0040274 Listed on: 11/02/2020

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

John Blair

Mott & Chace Sotheby's Intl. License #RES.0041426

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,147

Year Built

  • Built in 2016

Lot Details

  • Cul-De-Sac
  • Sprinkler System

HOA Fees

  • $550 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Driveway
  • Unassigned Parking

Home Design

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

Interior Spaces

  • 1,190 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Water Views
  • Intercom

Kitchen

  • Oven
  • Range
  • Microwave
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Accessibility Features

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows
  • Energy-Efficient Insulation
  • Energy-Efficient Doors

Outdoor Features

  • In Ground Pool
  • Water Access
  • Screened Patio
  • Outdoor Grill
  • Porch

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 5COMPASSWY102WEST

Community Details

Overview

  • Active Adult
  • 40 Units
  • Champlin Woods Subdivision
  • On-Site Maintenance
  • Maintained Community

Amenities

  • Shops
  • Clubhouse
  • Recreation Room

Recreation

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

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,147

Year Built

Built in 2016

Lot Details

0

HOA Fees

$550 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Champlin Woods
  • Above Grade Finished Sq Ft: 1190.0
  • Building Name: Champlin Woods
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Efficiency: Appliances, Doors, Insulation, Water Heater, Windows
  • Building Stories: 3
  • Year Built: 2016
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dryer, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Other Equipment: Intercom
  • Accessibility Features: Accessibility Features, Accessible Elevator Installed
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Entry Location: Elevator,First Floor Access
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Cable TV
  • Living Area: 1190.0
  • Stories: 3
  • ResoLivingAreaSource: Builder

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Maintenance On-Site, Near Hospital, Near Schools, Recreation Area, Shopping, Tennis Court(s), Trails/Paths, Clubhouse
  • Senior Community: Yes
  • Amenities: Maintenance, Recreation Facilities, Recreation Room, Trail(s)
  • Association Fee: 550.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Call, Cats OK, Dogs OK, Negotiable, Size Limit, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 5COMPASSWY102WEST
  • Zoning: MDL-05
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 40

Tax Info

  • Tax Annual Amount: 5147.0
  • Tax Lot: 1
  • Tax Year: 2019

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%
Current Estimated Value
$713,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,767
Avg. Annual Appreciation
9.10%
Original Mortgage
$380,000
Outstanding Balance
$344,043
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$363,665
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 Type Sale Price Title Company
Warranty Deed $480,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $380,000 Purchase Money Mortgage
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

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Map

Source: State-Wide MLS

MLS Number: 1268899

State-Wide MLS

APN: WEST-000139-000001D-C000102