NOT LISTED FOR SALE

51 Terrace Ave Westerly, RI 02891

Estimated Value: $802,000 - $2,734,000

3 Beds
2.5 Baths
2,499 Sq Ft
$528/Sq Ft Est. Value

Last Sold January 20, 2022

Last sale price $640,000 $256 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $7,575/month

295 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Colonial Architecture
  • Beach Access
  • Under Construction
  • Deck

About This Home

As of January 2022

We are building your dream home on this lot. Located a short distance from Winnapaug Pond and Rhode Island's beautiful beaches! Your summers will be filled with ocean breezes, sounds of crashing waves, nights of fireworks and the most beautiful sunsets! 3BR, 2.5 bath, hardwoods, ceramic tile, (1500 gallon septic, Advantage System). Nestled on a cul-de-sac in the heart of Westerly with easy access to the highway and all the best Westerly has to offer. Minutes to beach, pond, fishing, kayaking, digging for clams and more. It's no wonder South County was name as one of the Twelve destinations in the country by South County Tourism. No flood insurance needed. House to be built will require a 5% refundable deposit and upgrades to be paid date of order, with non refundable deposit for upgrades.. Due to the increase in building materials because of Covid 19, the price fluctuates unless signed contract.

Last Agent to Sell the Property

Sandy Bliven

RE/MAX South County License #RES.0031703 Listed on: 02/28/2021

RE/MAX South County

Last Buyer's Agent

Sandy Bliven

RE/MAX South County License #RES.0031703 Listed on: 02/28/2021

RE/MAX South County

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,223

Year Built

  • Built in 2021 | Under Construction

Lot Details

  • 5,371 Sq Ft Lot
  • Property is zoned R10

Parking

  • 1 Car Garage
  • No Garage

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Free Standing Fireplace
  • Storage Room
  • Laundry Room
  • Utility Room

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

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

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water
  • Deck

Utilities

  • Central Air
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater
  • Oil Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 131 / A
  • Assessor Parcel Number 51TERRACEAVWEST

Community Details

Overview

  • Winnapaug And Shore Road Subdivision

Recreation

  • Marina
  • Golf Course Community
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,223

Year Built

Built in 2021 | Under Construction

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1233
  • Subdivision Name: Winnapaug and Shore Road
  • Above Grade Finished Sq Ft: 2400.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Building Stories: 2
  • Year Built: 2021
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 4098
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Oil Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 99.0
  • Door Features: Storm Door(s)
  • Fireplace Features: Free Standing
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Cable TV
  • Living Area: 2499.0
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 2
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: Builder

Exterior Features

  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Property Condition: Under Construction

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: No Garage
  • Total Parking Spaces: 5.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Septic Tank
  • Utilities: Water Available
  • Water Source: Not Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Recreation Area
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5371.0
  • Parcel #: 51TERRACEAVWEST
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 99.0
  • Tax Block: A
  • Tax Lot: 131
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2021
Closed on
Jan 20, 2022
Sold by
Kassandra Claire Prop Llc
Bought by
Broadways Best Llc
Seller's Agent
Sandy Bliven
RE/MAX South County
Buyer's Agent
Sandy Bliven
RE/MAX South County
List Price
$639,900
Sold Price
$640,000
Premium/Discount to List
$100
0.02%
Current Estimated Value
$1,320,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$680,598
Avg. Annual Appreciation
21.18%
Original Mortgage
$480,000
Outstanding Balance
$445,386
Interest Rate
2.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$842,460

Purchase Details

Listed on
Jun 1, 2019
Closed on
Dec 19, 2019
Sold by
Brennan Timothy B
Bought by
Ricksanlo Llc
Seller's Agent
Sandy Bliven
RE/MAX South County
Buyer's Agent
Liz Andersen Warner
RE/MAX South County
List Price
$139,000
Sold Price
$125,000
Premium/Discount to List
-$14,000
-10.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
118.46%
Original Mortgage
$125,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2009
Sold by
Brennan 3Rd Timothy B and Brennan Marcia
Bought by
Brennan 3Rd Timothy B
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
Broadways Best Llc $640,000 None Available
Ricksanlo Llc $125,000 None Available
Brennan 3Rd Timothy B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Broadways Best Llc $480,000
Previous Owner Kassandra Claire Props $375,000
Previous Owner Ricksanlo Llc $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2022 01/20/22 Sold $640,000 0.0% $256 / Sq Ft
12/21/2021 12/21/21 Pending -- -- --
02/28/2021 02/28/21 For Sale $639,900 +326.6% $256 / Sq Ft
06/18/2020 06/18/20 Sold $150,000 -11.7% $60 / Sq Ft
05/19/2020 05/19/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $169,900 +35.9% $68 / Sq Ft
12/20/2019 12/20/19 Sold $125,000 -10.1% $50 / Sq Ft
11/20/2019 11/20/19 Pending -- -- --
06/01/2019 06/01/19 For Sale $139,000 -- $56 / 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 $5,223 $532,400 $222,300 $310,100
2023 $5,122 $532,400 $222,300 $310,100
2022 $4,773 $499,300 $222,300 $277,000
2021 $1,597 $138,600 $128,600 $10,000
2020 $1,454 $128,600 $128,600 $0
2019 $1,440 $128,600 $128,600 $0
2018 $1,528 $128,600 $128,600 $0
2017 $1,490 $128,600 $128,600 $0
2016 $1,502 $128,600 $128,600 $0
2015 $1,420 $131,200 $131,200 $0
2014 $1,396 $131,200 $131,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1274931

State-Wide MLS

APN: WEST-000131-000005A