NOT LISTED FOR SALE

5 Locust Terrace Warren, RI 02885

Beach Terrace Neighborhood

Estimated Value: $498,482 - $669,000

1 Bed
1 Bath
797 Sq Ft
$712/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2015

Last sale price $240,000 $301 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $3,601 / mo

180 Days on Market

Highlights

  • Beach Front
  • River Access
  • Deck
  • Marina
  • Spa
  • Cathedral Ceiling

About This Home

As of September 2015

ADORABLE WATERFRONT COTTAGE W/GORGEOUS WATERVIEWS & SUNSETS LOCATED BETWEEN WARREN RIVER & EAST BAY BIKE PATH. GUTTED & REBUILT IN 2001. CATHEDRAL CEILINGS, HARDWOODS, GAS FP, MOORINGS, BASEMENT. CONNECTED TO GAS/WATER/SEWER. A VERY SPECIAL PROPERTY!

Last Agent to Sell the Property

Dory Skemp

Residential Properties Ltd. License #RES.0022429 Listed on: 03/02/2015

Residential Properties Ltd.

Last Buyer's Agent

Dory Skemp

Residential Properties Ltd. License #RES.0022429 Listed on: 03/02/2015

Residential Properties Ltd.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,661

Year Built

  • Built in 1939

Lot Details

  • 4,362 Sq Ft Lot
  • Beach Front
  • Property is zoned 02

Home Design

  • Cabin
  • Wood Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 797 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Zero Clearance Fireplace
  • Gas Fireplace
  • Thermal Windows
  • Storage
  • Water Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Doors
  • Attic

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • No Garage

Outdoor Features

  • Spa
  • River Access
  • Mooring
  • Deck

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Radiant Heating System
  • Hot Water Heating System
  • 200+ Amp Service
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 47
  • Assessor Parcel Number 5LOCUSTTERWARN

Community Details

Recreation

  • Marina

Additional Features

  • South Warren Riverfront Subdivision
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,661

Year Built

Built in 1939

Lot Details

4,362 Sq Ft Lot

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1001
  • Subdivision Name: SOUTH WARREN RIVERFRONT
  • Above Grade Finished Sq Ft: 797.0
  • Architectural Style: Cabin
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1939
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Oven, Range, Refrigerator, Range Hood, Tankless Water Heater, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Storm Door(s)
  • Fireplace Features: Gas, Zero Clearance
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Vinyl
  • Interior Amenities: Attic, Cathedral Ceiling(s), High Ceilings, Storage, Vaulted Ceiling(s), Jetted Tub, Cable TV
  • Living Area: 797.0
  • Stories: 1
  • Window Features: Thermal Windows

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Front, Mooring, River Access, Water Access
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Clapboard, Wood Siding
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil, Radiant
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Marina, Near Schools, Public Transportation
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4362.0
  • Parcel #: 5LOCUSTTERWARN
  • Zoning: 02

Tax Info

  • Tax Annual Amount: 5661.0
  • Tax Lot: 47
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2015
Closed on
Sep 30, 2015
Sold by
Cabral Edward J
Bought by
Meek David A
Seller's Agent
Dory Skemp
Residential Properties Ltd.
Buyer's Agent
Dory Skemp
Residential Properties Ltd.
List Price
$259,000
Sold Price
$240,000
Premium/Discount to List
-$19,000
-7.34%
Current Estimated Value
$567,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,371
Avg. Annual Appreciation
8.46%
Original Mortgage
$23,700
Outstanding Balance
$11,744
Interest Rate
3.95%
Estimated Equity
$555,627
Source: Public Records
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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
Meek David A $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meek David A $23,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2015 09/30/15 Sold $240,000 -7.3% $301 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
03/03/2015 03/03/15 For Sale $259,000 -- $325 / Sq Ft
Source: State-Wide MLS

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
2025 $7,110 $477,500 $393,300 $84,200
2024 $6,895 $477,500 $393,300 $84,200
2023 $6,523 $477,500 $393,300 $84,200
2022 $6,035 $335,100 $275,200 $59,900
2021 $5,938 $335,100 $275,200 $59,900
2020 $5,817 $335,100 $275,200 $59,900
2019 $5,911 $309,300 $255,200 $54,100
2018 $5,833 $309,300 $255,200 $54,100
2017 $5,818 $309,300 $255,200 $54,100
2016 $5,661 $283,500 $220,700 $62,800
2015 $5,661 $283,500 $220,700 $62,800
2014 $5,690 $283,500 $220,700 $62,800
Source: Public Records

Agents Affiliated with this Home

  • Dory Skemp

    Seller's Agent in 2015

    Dory Skemp

    Residential Properties Ltd.

    25 Total Sales

    Dory Skemp
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Map

Source: State-Wide MLS

MLS Number: 1089166

State-Wide MLS

APN: WARR-000015C-000000-000047

Rhode Island Bristol County Warren 02885 Beach Terrace

5 Locust Terrace, Warren, RI

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