NOT LISTED FOR SALE

5 Essex Dr Westerly, RI 02891

Estimated Value: $963,000 - $1,285,700

4 Beds
3.5 Baths
3,990 Sq Ft
$293/Sq Ft Est. Value

Last Sold June 13, 2019

Last sale price $516,000 $129 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $6,923/month

124 Days on Market

Highlights

  • Marina
  • Wine Cellar
  • Wood Flooring
  • Golf Course Community
  • Deck
  • Attic

About This Home

As of June 2019

This sprawling custom California ranch located on a quiet cul-de-sac has been meticulously maintained and combines modern style with high quality finishes. You will be enamored upon entry by this home's pristine architectual details with 10' ceilings. A grande foyer welcomes you and is lined with exquisite custom moldings. To the right are the sun-filled formal living room and dining rooms which lead to a kitchen made for entertaining. This designer inspired kitchen is outfitted with high end applicances including a stainless steele Sub Zero regrigerator/freezer and a Viking gas stove. Additional highlights include slate floors, granite countertops and a two tiered island with seating for 6. The kitchen opens to the family room which boasts a floor to ceiling Westerly granite fireplace and provides direct access to the deck overlooking the private wooded backyard. To the left of the foyer are 4 expansive bedrooms including a master bedroom suite with a large walk in closet and bathroom with an open tiled shower. A full bath with a marble tiled soaking tub and separate shower accomodates the 3 additional bedrooms. The lower level offers a walkout onto a stone patio and has in law potential with an abundance of space and a summer kitchen. Minutes to Watch Hill, Westerly beaches, marinas and golf.

Last Agent to Sell the Property

Andy Schilke

Schilke Realty License #REC.0018142 Listed on: 01/09/2019

Last Buyer's Agent

Andy Schilke

Schilke Realty License #REC.0018142 Listed on: 01/09/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,371

Year Built

  • Built in 1987

Lot Details

  • 0.58 Acre Lot
  • Cul-De-Sac
  • Property is zoned R30

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 1-Story Property
  • Wet Bar
  • Dry Bar
  • Stone Fireplace
  • Wine Cellar
  • Workshop
  • Utility Room
  • Attic

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Finished Basement

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

Utilities

  • Central Air
  • Heating System Uses Oil
  • Baseboard Heating
  • 200+ Amp Service
  • Oil Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • Deck
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 82
  • Assessor Parcel Number 5ESSEXDRWEST

Community Details

Amenities

  • Shops

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,371

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.5773
  • Above Grade Finished Sq Ft: 3290.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1987
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Oven, Oil Water Heater, Range, Refrigerator, Water Heater
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 700.0
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Attic, Wet Bar, Dry Bar, Cable TV, Wine Cellar
  • Living Area: 3990.0
  • Dining Room Type: Bathroom, Utility Room, Wine Cellar, Workshop
  • Stories: 1
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Lot Features: Cul-De-Sac
  • Construction Type: Drywall, Clapboard
  • Exterior Features: Deck, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Built In, Garage Door Opener
  • Total Parking Spaces: 10.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 25147.0
  • Parcel #: 5ESSEXDRWEST
  • Zoning: R30
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 7371.0
  • Tax Lot: 82
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2019
Closed on
Jun 13, 2019
Sold by
Macbain-Traub Regan
Bought by
Yang Wentian and Wu Qian
Seller's Agent
Andy Schilke
Schilke Realty
Buyer's Agent
Andy Schilke
Schilke Realty
List Price
$549,500
Sold Price
$516,000
Premium/Discount to List
-$33,500
-6.1%
Current Estimated Value
$1,167,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$651,175
Avg. Annual Appreciation
13.97%
Original Mortgage
$412,800
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2009
Sold by
Deutsche Bank Natl T C
Bought by
Traub Regan Macbain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,302
Interest Rate
4.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2008
Sold by
Derosier Denise
Bought by
Deutsche Bank Natl T C

Purchase Details

Closed on
Aug 1, 2005
Sold by
Prudential Res Svcs
Bought by
Derosier Denise

Purchase Details

Closed on
May 1, 2000
Sold by
Welch Duncan G and Welch Katherine P
Bought by
Yu Li J and Xu Jinghai J

Purchase Details

Closed on
Apr 30, 1990
Sold by
Fusaro Antonio
Bought by
Lavarini Charles F
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 Buyer Sale Price Title Company
Yang Wentian $516,000 --
Traub Regan Macbain $425,000 --
Deutsche Bank Natl T C $631,750 --
Derosier Denise $625,000 --
Prudential Res Svcs $625,000 --
Yu Li J $303,000 --
Lavarini Charles F $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Qian $502,500
Closed Yang Wentian $412,800
Previous Owner Lavarini Charles F $430,916
Previous Owner Lavarini Charles F $417,302
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2019 06/13/19 Sold $516,000 -6.1% $129 / Sq Ft
05/14/2019 05/14/19 Pending -- -- --
01/09/2019 01/09/19 For Sale $549,500 -- $138 / 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 $7,338 $748,000 $194,000 $554,000
2023 $7,196 $748,000 $194,000 $554,000
2022 $7,151 $748,000 $194,000 $554,000
2021 $7,177 $623,000 $168,500 $454,500
2020 $7,046 $623,000 $168,500 $454,500
2019 $6,978 $623,000 $168,500 $454,500
2018 $7,556 $636,000 $168,500 $467,500
2017 $7,371 $636,000 $168,500 $467,500
2016 $7,428 $636,000 $168,500 $467,500
2015 $7,130 $659,000 $171,800 $487,200
2014 $7,012 $659,000 $171,800 $487,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1212568

State-Wide MLS

APN: WEST-000127-000082