NOT LISTED FOR SALE

5 Compass Way Unit 201 Westerly, RI 02891

Estimated Value: $1,081,560 - $1,279,000

2 Beds
2 Baths
1,855 Sq Ft
$445/mo HOA Fee

Last Sold January 16, 2018

Last sale price $705,000 $380 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $7,800/month

74 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Senior Community
  • Water Views
  • In Ground Pool
  • Clubhouse

About This Home

As of January 2018

Move in ready, spacious condominium suite with stunning ocean views! Beautifully appointed, gracious two bedroom, two bathroom condominium suite with living room, den, and a gorgeous kitchen & dining area. You'll want to spend your spare time relaxing and entertaining on the screened in porch, overlooking the great Atlantic Ocean and Block Island beyond! Wake up to the sound of the ocean with access to the porch from either the master bedroom or the living area. This unit features many upgrades, including a fireplace for cozy, year-round living! Enjoy an interior heated parking garage with garage door opener, clubhouse with fitness center, heated salt water pool, and spaces for gathering with neighbors, friends, and family. Surrounded by 135 acres of conservancy land with miles of nature trails, this 55+ luxury community is great for all ages. Discover tranquil Westerly living, just minutes from beaches, shopping, and restaurants.

Last Agent to Sell the Property

Donna Simmons

Mott & Chace Sotheby's Intl. License #RES.0040274 Listed on: 10/03/2017

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Kelly Holmes

Mott & Chace Sotheby's Intl. License #RES.0041620

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,645

Year Built

  • Built in 2016

HOA Fees

  • $445 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Driveway
  • Assigned Parking

Home Design

  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,855 Sq Ft Home
  • 4-Story Property
  • Gas Fireplace
  • Thermal Windows
  • Water Views

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security System Leased
  • Intercom

Eco-Friendly Details

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

Outdoor Features

  • In Ground Pool
  • Balcony
  • Screened Patio
  • Porch

Utilities

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

Additional Features

  • Accessible Elevator Installed
  • Sprinkler System
  • Property near a hospital

Listing and Financial Details

  • Tax Lot D
  • Assessor Parcel Number 5CompassWYWEST

Community Details

Overview

  • Senior Community
  • 40 Units
  • Winnapaug Cottages & Champlin Woods Subdivision

Amenities

  • Shops
  • Clubhouse

Recreation

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

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,645

Year Built

Built in 2016

Lot Details

0

HOA Fees

$445 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Winnapaug Cottages & Champlin Woods
  • Above Grade Finished Sq Ft: 1855.0
  • Building Name: Champlin Woods
  • Entry Level: 2
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Appliances, Doors, HVAC, Insulation, Windows
  • Building Stories: 4
  • Year Built: 2016
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Tankless Water Heater, Water Heater, Washer
  • Other Equipment: Intercom
  • Accessibility Features: Accessible Elevator Installed
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Elevator,First Floor Access,Second Floor Access,Th
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Tub Shower, Elevator, Cable TV
  • Living Area: 1855.0
  • Stories: 4
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Sprinkler System
  • Pool Features: In Ground, Community
  • View: Saltwater, Water
  • View: Yes
  • Construction Type: Drywall, Shingle Siding
  • Exterior Features: Balcony, Sprinkler/Irrigation, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Balcony, Porch, Screened

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Built In
  • Total Parking Spaces: 3.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Pool, Recreation Area, Shopping, Tennis Court(s), Trails/Paths, Clubhouse
  • Senior Community: Yes
  • Amenities: Pool, Recreation Facilities, Trail(s)
  • Association Fee: 445.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK, Size Limit, Yes
  • Common Interest: Condominium

Lot Info

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

Multi Family

  • Number Of Units In Community: 40

Tax Info

  • Tax Annual Amount: 7645.0
  • Tax Lot: D
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2017
Closed on
Jan 16, 2018
Sold by
Sweeney Maura J
Bought by
Benoit David and Benoit Rosemary
Seller's Agent
Donna Simmons
Mott & Chace Sotheby's Intl.
Buyer's Agent
Kelly Holmes
Mott & Chace Sotheby's Intl.
List Price
$799,000
Sold Price
$705,000
Premium/Discount to List
-$94,000
-11.76%
Total Days on Market
74
Current Estimated Value
$1,182,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$477,890
Avg. Annual Appreciation
7.26%

Purchase Details

Listed on
Nov 9, 2012
Closed on
Mar 31, 2016
Sold by
Seniors Champin Woods
Bought by
Sweeney Maura J
Seller's Agent
Jean Crowley
Coldwell Banker Coastal Homes
Buyer's Agent
Joyce Leone
Coldwell Banker Coastal Homes
List Price
$594,000
Sold Price
$710,940
Premium/Discount to List
$116,940
19.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.47%
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
Benoit David $705,000 --
Sweeney Maura J $710,940 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2018 01/16/18 Sold $705,000 -11.8% $380 / Sq Ft
12/17/2017 12/17/17 Pending -- -- --
10/03/2017 10/03/17 For Sale $799,000 +12.4% $431 / Sq Ft
03/31/2016 03/31/16 Sold $710,940 +19.7% $379 / Sq Ft
03/01/2016 03/01/16 Pending -- -- --
11/09/2012 11/09/12 For Sale $594,000 -- $317 / 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 $8,582 $821,200 $0 $821,200
2023 $8,343 $821,200 $0 $821,200
2022 $8,294 $821,200 $0 $821,200
2021 $8,414 $697,700 $0 $697,700
2020 $8,268 $697,700 $0 $697,700
2019 $8,191 $697,700 $0 $697,700
2018 $8,312 $673,000 $0 $673,000
2017 $8,076 $673,000 $0 $673,000
2016 $5,653 $471,100 $0 $471,100
2015 $2,993 $266,500 $0 $266,500
2014 $276 $25,000 $0 $25,000
Source: Public Records

Agents Affiliated with this Home

  • Donna Simmons

    Seller's Agent in 2018

    Donna Simmons

    Mott & Chace Sotheby's Intl.

    (401) 439-0268

    46 in this area

    49 Total Sales

    Donna Simmons
    Section Image
  • Kelly Holmes

    Buyer's Agent in 2018

    Kelly Holmes

    Mott & Chace Sotheby's Intl.

    (914) 497-7603

    5 in this area

    74 Total Sales

    Kelly Holmes
    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

  • J

    Buyer's Agent in 2016

    Joyce Leone

    Coldwell Banker Coastal Homes

    (401) 714-5151

    7 in this area

    8 Total Sales

    Joyce Leone
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1174829

State-Wide MLS

APN: WEST-000139-000001D-C000201

Rhode Island Washington County Westerly 02891

5 Compass Way Unit 201, Westerly, RI

This home is located at 5 Compass Way Unit 201, Westerly, RI 02891 since 03 October 2017 and is currently estimated at $1,182,890, approximately $637 per square foot. This property was built in 2016. 5 Compass Way Unit 201 is a home located in Washington County with nearby schools including Westerly High School and St. Michael School.

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