NOT LISTED FOR SALE

5 Rip Tide Dr Westerly, RI 02891

Estimated Value: $575,000 - $1,249,000

4 Beds
2 Baths
3,352 Sq Ft
$298/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $580,000 $173 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $5,817/month

76 Days on Market

Highlights

  • Marina
  • Beach Access
  • Wood Flooring
  • Water Views
  • Golf Course Community
  • Porch

About This Home

As of September 2018

Misquamicut's premiere investment opportunity! Currently only one of the few two family homes in all Misquamicut Beach! This wonderful home offers two spacious levels that have Winnapaug pond and Atlantic Ocean water views and is less than a 5 minute walk to the beautiful beaches of Misquamicut. The first level has two large bedrooms, a full bath, a living room, an eating area. a kitchen... plus there is a family room which serves as an overflow for your overnight guests. The upper level has an expansive deck with lovely views and a hot tub! There is wonderful natural lighting in the open floor plan which encompasses a great cooking kitchen, an eating area and a family room with a fireplace. Cathedral ceilings offer light from every vantage point. There is a large master bedroom with a fireplace and sliders to the deck and hot tub. In addition, there is another bedroom which can also serve as an office. Great investment for rental income. This home had been carefully maintained and has manicured grounds that include a beautiful white fence and underground sprinklers! This is a simply move in and enjoy property in the wonderful coastal retreat of Misquamicut. Also listed MLS 1194741

Last Agent to Sell the Property

Lori Joyal

Lila Delman Compass License #REB.0016177 Listed on: 06/13/2018

Last Buyer's Agent

Dan Liese

Seaport Real Estate Services License #REB.0017069

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,075

Year Built

  • Built in 1960

Lot Details

  • 0.26 Acre Lot
  • Sprinkler System

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,352 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Water Views
  • Dishwasher
  • Laundry in unit

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Carport

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Hot Water Heating System
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 96
  • Assessor Parcel Number 5RIPTIDEDRWEST

Community Details

Overview

  • 4 Units
  • Misquamicut Beach Subdivision

Recreation

  • Marina
  • Golf Course Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,075

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Subdivision Name: MISQUAMICUT BEACH
  • Above Grade Finished Sq Ft: 3352.0
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1960
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Refrigerator, Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Sprinkler System
  • View: Water
  • View: Yes
  • Waterfront Features: Beach Access, Walk to Water
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Porch, Sprinkler/Irrigation
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: Carport
  • Total Parking Spaces: 10.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11307.0
  • Parcel #: 5RIPTIDEDRWEST
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 6075.0
  • Tax Lot: 96
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2024
Sold by
Mazowski Thomas E and Mazowski Jessica M
Bought by
Mazowski Thomas E
Current Estimated Value
$998,304

Purchase Details

Listed on
Jun 13, 2018
Closed on
Sep 28, 2018
Sold by
Martino Robert H
Bought by
Mazokwsi Thomas E and Mazowski Jessica M
Seller's Agent
Lori Joyal
Lila Delman Compass
Buyer's Agent
Dan Liese
Seaport Real Estate Services
List Price
$585,000
Sold Price
$580,000
Premium/Discount to List
-$5,000
-0.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%
Original Mortgage
$522,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 1982
Bought by
Martino Robert H
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
Mazowski Thomas E -- None Available
Mazowski Thomas E -- None Available
Mazokwsi Thomas E $580,000 --
Mazokwsi Thomas E $580,000 --
Martino Robert H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mazokwsi Thomas E $522,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2018 09/28/18 Sold $580,000 -0.9% $173 / Sq Ft
08/29/2018 08/29/18 Pending -- -- --
06/13/2018 06/13/18 For Sale $585,000 -- $175 / 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
2025 $7,163 $1,007,400 $699,200 $308,200
2024 $7,103 $724,100 $499,700 $224,400
2023 $6,966 $724,100 $499,700 $224,400
2022 $6,887 $720,400 $499,700 $220,700
2021 $6,352 $551,400 $362,400 $189,000
2020 $6,236 $551,400 $362,400 $189,000
2019 $6,176 $551,400 $362,400 $189,000
2018 $6,136 $516,500 $329,400 $187,100
2017 $5,936 $512,200 $329,400 $182,800
2016 $5,982 $512,200 $329,400 $182,800
2015 $5,744 $530,900 $336,200 $194,700
2014 $5,219 $530,900 $336,200 $194,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1194748

State-Wide MLS

APN: WEST-000165-000196