NOT LISTED FOR SALE

5 Ridge Rd Westerly, RI 02891

Estimated Value: $4,068,000 - $5,875,000

5 Beds
4.5 Baths
3,465 Sq Ft
$1,479/Sq Ft Est. Value

Last Sold July 13, 2015

Last sale price $1,725,000 $498 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $30,007/month

306 Days on Market

Highlights

  • 1.22 Acre Lot
  • 7 Fireplaces
  • 1 Car Attached Garage
  • Wood Flooring
  • Cottage
  • Laundry Room

About This Home

As of July 2015

Meadholme is located on one of Watch Hills quietest roads with easy access to the East Beach and the village. Wonderful architectural details both inside and out. This is a true classic house with a sensational wrap around porch to enjoy your days.

Last Agent to Sell the Property

Olga Goff

Olga B. Goff Real Estate License #REB.0014670 Listed on: 08/10/2014

Last Buyer's Agent

Olga Goff

Olga B. Goff Real Estate License #REB.0014670 Listed on: 08/10/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,239

Year Built

  • Built in 1900

Lot Details

  • 1.22 Acre Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Cottage
  • Concrete Perimeter Foundation
  • Masonry
  • Plaster

Interior Spaces

  • 3,465 Sq Ft Home
  • 4-Story Property
  • 7 Fireplaces
  • Stone Fireplace
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater
  • Septic Tank

Community Details

  • Watch Hill Subdivision

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 5RIDGERDWEST

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,239

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.22
  • Subdivision Name: WATCH HILL
  • Above Grade Finished Sq Ft: 3465.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: Yes
  • New Construction: No
  • Building Stories: 4
  • Year Built: 1900
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 4

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Stone
  • Fireplaces: 7
  • Fireplace: Yes
  • Flooring: Hardwood
  • Living Area: 3465.0
  • Dining Room Type: Laundry
  • Stories: 4
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Masonry
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 1.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: Fuses
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 53143.0
  • Parcel #: 5RIDGERDWEST
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 19239.0
  • Tax Lot: 16
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2017
Sold by
Propertie Sierra Tango
Bought by
Quick Mark E and Daras Dimitri J
Current Estimated Value
$5,125,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,470,000
Interest Rate
2.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 10, 2014
Closed on
Jul 13, 2015
Sold by
Wijeyeratne Bishop F and Wijeyeratne Nelun D
Bought by
Sierra Tango Props & Des
Seller's Agent
Olga Goff
Olga B. Goff Real Estate
Buyer's Agent
Olga Goff
Olga B. Goff Real Estate
List Price
$2,150,000
Sold Price
$1,725,000
Premium/Discount to List
-$425,000
-19.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.81%

Purchase Details

Closed on
May 23, 1997
Sold by
Maynard Margaret B
Bought by
Bishop F Michler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
8.08%
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
Quick Mark E $3,800,000 --
Sierra Tango Props & Des $1,725,000 --
Bishop F Michler $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quick Mark E $2,470,000
Previous Owner Bishop F Michler $565,000
Previous Owner Bishop F Michler $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2015 07/13/15 Sold $1,725,000 -19.8% $498 / Sq Ft
06/13/2015 06/13/15 Pending -- -- --
08/10/2014 08/10/14 For Sale $2,150,000 -- $620 / 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 $35,258 $3,594,100 $2,156,600 $1,437,500
2023 $34,575 $3,594,100 $2,156,600 $1,437,500
2022 $34,360 $3,594,100 $2,156,600 $1,437,500
2021 $38,151 $3,311,700 $1,874,200 $1,437,500
2020 $37,455 $3,311,700 $1,874,200 $1,437,500
2019 $36,149 $3,227,600 $1,874,200 $1,353,400
2018 $31,044 $2,613,100 $1,502,300 $1,110,800
2017 $30,286 $2,613,100 $1,502,300 $1,110,800
2016 $24,179 $2,070,100 $1,437,600 $632,500
2015 $19,565 $1,808,200 $1,334,400 $473,800
2014 $19,239 $1,808,200 $1,334,400 $473,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1075837

State-Wide MLS

APN: WEST-000180-000016