NOT LISTED FOR SALE

55 Terrace Ave Westerly, RI 02891

Estimated Value: $511,648 - $993,000

3 Beds
1.5 Baths
1,485 Sq Ft
$479/Sq Ft Est. Value

Last Sold March 23, 2020

Last sale price $355,000 $239 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $4,299/month

42 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Walking Distance to Water
  • Wood Burning Stove
  • Corner Lot
  • Window Unit Cooling System

About This Home

As of March 2020

Your beach house awaits! This low-maintenance, 3-bedroom home is located within walking distance to some of the area’s finest beaches and public access to Winnapaug Pond. Featuring an open floorplan, an eat-in-kitchen and generously sized rooms this is the perfect summer getaway! A small corner lot with a backyard patio and outdoor shower provide a fun outdoor space without a lot of upkeep. The Cove Road neighborhood is located in an out-of-the-way corner on beautiful Winnapaug Pond and it offers public access boating, swimming, clamming, fishing and every imaginable water sport right out your door. This home also includes deeded access to a beach path on Atlantic Avenue as seen in the photos. This close-knit community is distinctly laid back and friendly and it’s a perfect place for family vacations. Downtown Westerly features a variety of restaurants, theaters, art galleries, live music, shops, a state-of-the-art YMCA, an outdoor skating rink, a fabulous library and the acclaimed Wilcox Park. We also have our very own Amtrak station for quick access to NYC and Boston and Westerly Airport for regional air service.

Last Agent to Sell the Property

Larry Burns

Compass / Lila Delman Compass License #RES.0041164 Listed on: 01/10/2020

Compass / Lila Delman Compass

Last Buyer's Agent

Sean Conroy

Stanton Realty, Inc. License #REB.0019838

Stanton Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,528

Year Built

  • Built in 1956

Lot Details

  • 3,485 Sq Ft Lot
  • Corner Lot
  • Property is zoned R-10

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,485 Sq Ft Home
  • 2-Story Property
  • Wood Burning Stove
  • Stone Fireplace

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Parquet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil
  • 100 Amp Service
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • Accessible Doors
  • Walking Distance to Water

Community Details

  • Cove Road / Winnapaug Pond Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 55TERRACEAVWEST

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,528

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.08
  • Subdivision Name: Cove Road / Winnapaug Pond
  • Above Grade Finished Sq Ft: 1485.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1956
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Accessibility Features: Accessible Doors
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Parquet, Vinyl
  • Interior Amenities: Tub Shower, Cable TV, Wood Burning Stove
  • Living Area: 1485.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3485.0
  • Parcel #: 55TERRACEAVWEST
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3528.0
  • Tax Lot: 3
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2020
Closed on
Mar 17, 2020
Sold by
Rogers Calvi
Bought by
Pascale Martin
Seller's Agent
Larry Burns
Compass / Lila Delman Compass
Buyer's Agent
Sean Conroy
Stanton Realty, Inc.
List Price
$395,000
Sold Price
$355,000
Premium/Discount to List
-$40,000
-10.13%
Total Days on Market
42
Current Estimated Value
$710,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,662
Avg. Annual Appreciation
13.59%
Original Mortgage
$305,000
Outstanding Balance
$272,525
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$419,485

Purchase Details

Closed on
Mar 15, 2012
Sold by
Rogers John P and Calvi-Rogers Marisa
Bought by
Calvi-Rogers Marisa

Purchase Details

Closed on
Mar 18, 2005
Sold by
Hageman Sherry
Bought by
Rogers John and Calvi-Rogers Marisa

Purchase Details

Closed on
Apr 30, 1999
Sold by
Hall Roger M and Hall Ida L
Bought by
Hagerman Richard A and Hagerman Sherry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Pascale Martin $355,000 None Available
Calvi-Rogers Marisa -- --
Rogers John $395,000 --
Hagerman Richard A $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pascale Martin $30,000
Open Pascale Martin $305,000
Previous Owner Hall Roger M $87,500
Previous Owner Hall Roger M $95,000
Previous Owner Hall Roger M $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2020 03/23/20 Sold $355,000 -10.1% $239 / Sq Ft
02/22/2020 02/22/20 Pending -- -- --
01/10/2020 01/10/20 For Sale $395,000 -- $266 / 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 $3,938 $401,400 $207,900 $193,500
2023 $3,861 $401,400 $207,900 $193,500
2022 $3,837 $401,400 $207,900 $193,500
2021 $3,629 $315,000 $153,700 $161,300
2020 $3,563 $315,000 $153,700 $161,300
2019 $3,528 $315,000 $153,700 $161,300
2018 $3,385 $284,900 $153,700 $131,200
2017 $3,302 $284,900 $153,700 $131,200
2016 $3,328 $284,900 $153,700 $131,200
2015 $3,154 $291,500 $156,800 $134,700
2014 $3,102 $291,500 $156,800 $134,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1243936

State-Wide MLS

APN: WEST-000131-000003