NOT LISTED FOR SALE

54 Ocean View Hwy Westerly, RI 02891

Estimated Value: $1,727,000 - $7,406,000

4 Beds
4.5 Baths
4,130 Sq Ft
$1,186/Sq Ft Est. Value

Last Sold January 10, 2014

Last sale price $2,300,000 $557 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $30,804/month

274 Days on Market

Highlights

  • Water Views
  • In Ground Pool
  • Deck
  • Golf Course Community
  • 1.01 Acre Lot
  • Contemporary Architecture

About This Home

As of January 2014

Sit in your livingroom, watch the waves break on East Beach in Watch Hill with Block Island in the background!Wonderful bungalow style contemporary,ground floor master,gunite pool,gourmet kitchen, must see! Please call for appointment,NEW OWTS 2013

Last Agent to Sell the Property

Nancy Richmond

Residential Properties Ltd. License #RES.0025063 Listed on: 03/11/2013

Residential Properties Ltd.

Last Buyer's Agent

Robert Richins

Mott & Chace Sotheby's Intl. License #RES.0029703

Mott & Chace Sotheby's Intl.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,869

Year Built

  • Built in 1971

Lot Details

  • 1.01 Acre Lot
  • Fenced
  • Corner Lot
  • Property is zoned R43

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Contemporary Architecture
  • Bungalow
  • Slab Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Dry Bar
  • Cathedral Ceiling
  • Skylights
  • 2 Fireplaces
  • Stone Fireplace
  • Thermal Windows
  • Workshop
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

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

Accessible Home Design

  • Accessibility Features
  • Accessible Doors

Outdoor Features

  • In Ground Pool
  • Walking Distance to Water
  • Deck
  • Patio

Utilities

  • Central Air
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Oil Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 54OCEANVIEWHWYWEST

Community Details

Overview

  • Watch Hill Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,869

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.01
  • Subdivision Name: WATCH HILL
  • Above Grade Finished Sq Ft: 2123.0
  • Architectural Style: Bungalow, Contemporary
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1971
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Washer
  • Accessibility Features: Accessibility Features, Accessible Doors
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 2007.0
  • Fireplace Features: Stone
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Wet Bar, Cathedral Ceiling(s), Dry Bar, Skylights
  • Living Area: 4130.0
  • Dining Room Type: Bathroom, Bedroom, Laundry, Utility Room, Workshop
  • Stories: 2
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot
  • Pool Features: In Ground
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard
  • Exterior Features: Deck, Patio, Paved Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Patio

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 43995.0
  • Parcel #: 54OCEANVIEWHWYWEST
  • Zoning: R43
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 20869.0
  • Tax Lot: 5
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2013
Closed on
Jan 10, 2014
Sold by
Beale James T and Beale Judith L
Bought by
Hires Rt
Seller's Agent
Nancy Richmond
Residential Properties Ltd.
Buyer's Agent
Robert Richins
Mott & Chace Sotheby's Intl.
List Price
$2,725,000
Sold Price
$2,300,000
Premium/Discount to List
-$425,000
-15.6%
Current Estimated Value
$4,898,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,598,992
Avg. Annual Appreciation
6.11%

Purchase Details

Closed on
Feb 12, 1999
Sold by
Macdonald Alice W
Bought by
Beale James T and Beale Judith L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,500
Interest Rate
6.78%
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
Hires Rt $2,300,000 --
Beale James T $890,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beale James T $250,000
Previous Owner Beale James T $630,000
Previous Owner Beale James T $100,000
Previous Owner Beale James T $667,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2014 01/10/14 Sold $2,300,000 -15.6% $557 / Sq Ft
12/11/2013 12/11/13 Pending -- -- --
03/11/2013 03/11/13 For Sale $2,725,000 -- $660 / 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 $59,183 $6,032,900 $3,353,800 $2,679,100
2023 $58,036 $6,032,900 $3,353,800 $2,679,100
2022 $57,675 $6,032,900 $3,353,800 $2,679,100
2021 $63,143 $5,481,200 $2,717,600 $2,763,600
2020 $61,992 $5,481,200 $2,717,600 $2,763,600
2019 $61,389 $5,481,200 $2,717,600 $2,763,600
2018 $59,330 $4,994,100 $2,717,600 $2,276,500
2017 $57,882 $4,994,100 $2,717,600 $2,276,500
2016 $49,779 $4,261,900 $2,604,400 $1,657,500
2015 $30,442 $2,813,500 $2,525,500 $288,000
2014 $21,909 $2,059,100 $1,566,100 $493,000
Source: Public Records

Agents Affiliated with this Home

  • Nancy Richmond

    Seller's Agent in 2014

    Nancy Richmond

    Residential Properties Ltd.

    (401) 855-2195

    9 in this area

    18 Total Sales

    Nancy Richmond
    Section Image

  • R

    Buyer's Agent in 2014

    Robert Richins

    Mott & Chace Sotheby's Intl.

    (401) 322-9299

    1 in this area

    2 Total Sales

    Robert Richins
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1035437

State-Wide MLS

APN: WEST-000174-000005

Rhode Island Washington County Westerly 02891

54 Ocean View Hwy, Westerly, RI

This home is located at 54 Ocean View Hwy, Westerly, RI 02891 since 11 March 2013 and is currently estimated at $4,898,992, approximately $1,186 per square foot. This property was built in 1971. 54 Ocean View Hwy is a home located in Washington County with nearby schools including Westerly High School.

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