NOT LISTED FOR SALE

553 Atlantic Ave Westerly, RI 02891

Estimated Value: $3,774,737 - $4,921,000

4 Beds
3.5 Baths
2,800 Sq Ft
$1,544/Sq Ft Est. Value

Last Sold February 15, 2012

Last sale price $2,900,000 $1,036 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $25,131/month

131 Days on Market

Highlights

  • Beach Front
  • 1.1 Acre Lot
  • Deck
  • Golf Course Community
  • Colonial Architecture
  • Wood Flooring

About This Home

As of February 2012

Vintage 1920 classic, shingled beach house, direct oceanfront! Enjoy panoramic ocean & pond views from expansive deck & wrap-around porch. This beautifully maintained home has been updated for comfort & retains the charm of it's original era.

Last Agent to Sell the Property

Lorraine Randall

Compass License #RES.0019229 Listed on: 09/06/2011

Compass

Last Buyer's Agent

Randall Koster

Bay Boosters Co. License #REB.0014675

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,391

Year Built

  • Built in 1920

Lot Details

  • 1.1 Acre Lot
  • Beach Front

Parking

  • 1 Car Attached Garage

Home Design

  • Colonial Architecture
  • Shingle Siding
  • Plaster

Interior Spaces

  • 2-Story Property
  • Stone Fireplace
  • Water Views
  • Security System Owned

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

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

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • 200+ Amp Service
  • Oil Water Heater
  • Cesspool
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 553ATLANTICAVWEST

Community Details

Overview

  • Weekapaug Dunes Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,391

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.1
  • Subdivision Name: WEEKAPAUG DUNES
  • Above Grade Finished Sq Ft: 2500.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1920
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 300.0
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Cable TV
  • Living Area: 2800.0
  • Stories: 2

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Ocean Front
  • Waterfront: Yes
  • Construction Type: Drywall, Plaster, Shingle Siding
  • Exterior Features: Deck, Porch
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Built In
  • Total Parking Spaces: 7.0

Utilities

  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Cesspool
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 47916.0
  • Parcel #: 553ATLANTICAVWEST
  • Zoning: res

Tax Info

  • Tax Annual Amount: 24391.0
  • Tax Lot: 4
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2019
Sold by
John G Houston Ret
Bought by
John G Houston Ret
Current Estimated Value
$4,321,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,499,000
Outstanding Balance
$1,317,924
Interest Rate
4.2%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,003,988

Purchase Details

Closed on
Jun 26, 2012
Sold by
Houston John G
Bought by
John G Houston Ret

Purchase Details

Listed on
Sep 6, 2011
Closed on
Feb 15, 2012
Sold by
Lehmann Michael and Lehmann Lauren
Bought by
Houston John
Seller's Agent
Lorraine Randall
Compass
Buyer's Agent
Randall Koster
Bay Boosters Co.
List Price
$3,150,000
Sold Price
$2,900,000
Premium/Discount to List
-$250,000
-7.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.90%
Original Mortgage
$2,000,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 16, 2007
Sold by
553 Atlantic Ave T
Bought by
Kaufman Robert
Source: Public Records
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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
John G Houston Ret -- --
John G Houston Ret -- --
John G Houston Ret -- --
Houston John $2,900,000 --
Kaufman Robert $1,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open John G Houston Ret $1,499,000
Previous Owner Kaufman Robert $1,999,500
Previous Owner Kaufman Robert $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2012 02/15/12 Sold $2,900,000 -7.9% $1,036 / Sq Ft
01/16/2012 01/16/12 Pending -- -- --
09/06/2011 09/06/11 For Sale $3,150,000 -- $1,125 / 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
2025 $32,259 $4,537,200 $3,726,000 $811,200
2024 $32,932 $3,357,000 $2,698,400 $658,600
2023 $31,965 $3,322,800 $2,698,400 $624,400
2022 $31,667 $3,312,400 $2,698,400 $614,000
2021 $32,089 $2,785,500 $2,364,400 $421,100
2020 $31,504 $2,785,500 $2,364,400 $421,100
2019 $31,056 $2,772,900 $2,364,400 $408,500
2018 $32,405 $2,727,700 $2,364,400 $363,300
2017 $31,614 $2,727,700 $2,364,400 $363,300
2016 $31,860 $2,727,700 $2,364,400 $363,300
2015 $30,088 $2,780,800 $2,410,600 $370,200
2014 $29,588 $2,780,800 $2,410,600 $370,200
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2012

    Lorraine Randall

    Compass

    Section Image

  • R

    Buyer's Agent in 2012

    Randall Koster

    Bay Boosters Co.

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Map

Source: State-Wide MLS

MLS Number: 1000828

State-Wide MLS

APN: WEST-000155-000004

Rhode Island Washington County Westerly 02891

553 Atlantic Ave, Westerly, RI

Not Listed for Sale

Detached

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