NOT LISTED FOR SALE

5 Salem St Westerly, RI 02891

Estimated Value: $448,000 - $511,000

3 Beds
2.5 Baths
1,956 Sq Ft
$250/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $370,000 $189 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,882/month

32 Days on Market

Highlights

  • Marina
  • Raised Ranch Architecture
  • Attic
  • Golf Course Community
  • Wood Flooring
  • Game Room

About This Home

As of October 2021

Superbly located 3 bedroom, 2.5 bathroom home that sits on a .51 acre fenced in lot surrounded by trees in a very desired & quiet neighborhood. The main level of this home features beautiful hardwood floors in the spacious living room and hallway, a large kitchen/dining room with sliding door access to your deck which overlooks the neighborhood. The finished lower level features walkout access to your backyard, kitchen, living room, & bathroom all of which are perfect for entertaining and gatherings. Keep your car safe from the elements in your 2 car garage with plenty of additional storage space. This property is centrally located to Westerly's wonderful amenities; Watch Hill, lovely beaches, stunning golf courses, Historic Downtown Westerly, Wilcox Park, many great restaurants, the train station, and the newly renovated United Theatre. This is a must-see property that will not last!

Last Agent to Sell the Property

Nancy Siciliano

Ocean Front Homes License #REB.0017018 Listed on: 08/06/2021

Last Buyer's Agent

Lisa Raiche

Town & Shore Realty License #REB.0018903

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,326

Year Built

  • Built in 1979

Lot Details

  • 0.51 Acre Lot
  • Property is zoned R15

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Raised Ranch Architecture
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Game Room
  • Storage Room
  • Utility Room
  • Permanent Attic Stairs
  • Storm Doors

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

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

Outdoor Features

  • Patio
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Oil Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 88
  • Assessor Parcel Number 5SALEMSTWEST

Community Details

Amenities

  • Shops

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,326

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.5143
  • Above Grade Finished Sq Ft: 1332.0
  • Architectural Style: Raised Ranch
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1979
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Exhaust Fan, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 624.0
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl
  • Interior Amenities: Attic, Permanent Attic Stairs, Tub Shower, Cable TV
  • Living Area: 1956.0
  • Dining Room Type: Bathroom, Game Room, Kitchen, Laundry, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Shingle Siding, Wood Siding
  • Exterior Features: Porch, Patio
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Built In, Garage Door Opener
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: 150 Amp Service
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 22405.0
  • Parcel #: 5SALEMSTWEST
  • Zoning: R15
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3326.0
  • Tax Lot: 88
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2021
Closed on
Oct 7, 2021
Sold by
Ravenelle Margaret A
Bought by
Wu Junyi and Tan Xiao
Seller's Agent
Nancy Siciliano
Ocean Front Homes
Buyer's Agent
Lisa Raiche
Town & Shore Realty
List Price
$399,000
Sold Price
$370,000
Premium/Discount to List
-$29,000
-7.27%
Current Estimated Value
$488,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,362
Avg. Annual Appreciation
9.31%
Original Mortgage
$357,050
Outstanding Balance
$329,109
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$198,189
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
Wu Junyi $370,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Junyi $357,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold $370,000 -7.3% $189 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $399,000 -- $204 / 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 $3,510 $357,800 $131,200 $226,600
2023 $3,442 $357,800 $131,200 $226,600
2022 $3,421 $357,800 $131,200 $226,600
2021 $3,388 $294,100 $114,400 $179,700
2020 $3,326 $294,100 $114,400 $179,700
2019 $3,294 $294,100 $114,400 $179,700
2018 $3,104 $261,300 $114,400 $146,900
2017 $3,028 $261,300 $114,400 $146,900
2016 $3,052 $261,300 $114,400 $146,900
2015 $3,012 $278,400 $122,300 $156,100
2014 $2,962 $278,400 $122,300 $156,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1290351

State-Wide MLS

APN: WEST-000068-000088