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
Highlights
- Colonial Architecture
- Wood Flooring
- Walking Distance to Water
- Wood Burning Stove
- Corner Lot
- Window Unit Cooling System
About This Home
As of March 2020Your 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
Compass / Lila Delman Compass License #RES.0041164 Listed on: 01/10/2020
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
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
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
Similar Homes in Westerly, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
-
Larry Burns
Seller's Agent in 2020
Larry Burns
Compass / Lila Delman Compass
(401) 222-0656
57 in this area
74 Total Sales
-
Sean Conroy
Buyer's Agent in 2020
Sean Conroy
Stanton Realty, Inc.
(401) 741-6068
14 in this area
23 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1243936
APN: WEST-000131-000003
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