NOT LISTED FOR SALE

5 Meadow Ridge Rd Westerly, RI 02891

Estimated Value: $696,000 - $1,031,000

3 Beds
3 Baths
2,252 Sq Ft
$407/Sq Ft Est. Value

Last Sold May 26, 2022

Last sale price $825,000 $366 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,324/month

About This Home

As of May 2022

This pristine ranch style home has been completely remodeled in neutral tones and is waiting for you to move right in and add your personal style. A bike ride away from the beautiful beaches and entertainment found in Misquamicut, this home is on a quiet street just off Shore Road. An inviting white brick fireplace with a rustic wood mantel anchors the living room which flows into the dining area. From here, a door opens onto a sizable outdoor deck perfect for sun-basking, entertaining and al fresco dining. The kitchen sparkles with white cabinetry, grey-flecked granite countertops and new stainless appliances. Three bedrooms and two full baths make up the remaining 1300 square feet of the main living level. As a bonus, a good portion of the basement is finished and includes a large open area, an enclosed room and a half bath which increases the living space while the utility room, laundry and storage areas add the functional necessities. The house sits on a half-acre lot and its slate blue and white color scheme echo the seaside lifestyle, as does an outdoor shower for rinsing off after a day at the shore. Open the windows and let the salty breezes off the Atlantic cool the rooms or switch on the central air conditioning if it gets too hot! When the suns out, there is endless golf, biking, water sports and tennis right at your fingertips along with an array of dining, shopping and casinos to enjoy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2022
Closed on
May 24, 2022
Sold by
Gorman Gregory M and Gorman Carla B
Bought by
Gillen James and Gillen Bethany
Seller's Agent
Ben Faubert
Onshore Realtors
Buyer's Agent
Pamela Strunk
BHHS New England Properties
List Price
$850,000
Sold Price
$825,000
Premium/Discount to List
-$25,000
-2.94%
Current Estimated Value
$917,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,534
Avg. Annual Appreciation
3.38%

Purchase Details

Listed on
Apr 5, 2022
Closed on
May 20, 2022
Sold by
Brennan Timothy B and Brennan Marcia
Bought by
Gorman Carla B
Seller's Agent
Ben Faubert
Onshore Realtors
Buyer's Agent
Pamela Strunk
BHHS New England Properties
List Price
$850,000
Sold Price
$825,000
Premium/Discount to List
-$25,000
-2.94%

Purchase Details

Closed on
Aug 24, 2018
Sold by
Gorman Carla B
Bought by
Gorman Carla B and Goramn Gregory M

Purchase Details

Closed on
Jan 3, 2017
Sold by
Brennan 3Rd Timothy B and Brennan Marcia
Bought by
Gorman Carla B

Purchase Details

Closed on
Aug 18, 2008
Sold by
Wales Edith B
Bought by
Brennan 3Rd Timothy B and Brennan Marcia
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gillen James $825,000 None Available
Gorman Carla B -- None Available
Gorman Carla B -- --
Gorman Carla B -- --
Brennan 3Rd Timothy B $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gorman Gregory M $200,000
Previous Owner Gorman Carla B $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2022 05/26/22 Sold $825,000 -2.9% $366 / Sq Ft
05/19/2022 05/19/22 Pending -- -- --
04/05/2022 04/05/22 For Sale $850,000 -- $377 / Sq Ft

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 $5,744 $585,500 $228,000 $357,500
2023 $5,633 $585,500 $228,000 $357,500
2022 $5,597 $585,500 $228,000 $357,500
2021 $5,080 $441,000 $198,200 $242,800
2020 $4,988 $441,000 $198,200 $242,800
2019 $4,939 $441,000 $198,200 $242,800
2018 $4,828 $406,400 $198,200 $208,200
2017 $3,741 $322,800 $198,200 $124,600
2016 $3,770 $322,800 $198,200 $124,600
2015 $3,592 $332,000 $202,300 $129,700
2014 $2,649 $332,000 $202,300 $129,700
Source: Public Records

Agents Affiliated with this Home

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