NOT LISTED FOR SALE

62 Meadow Ave Westerly, RI 02891

Estimated Value: $5,269,000 - $6,303,000

5 Beds
5 Baths
3,910 Sq Ft
$1,444/Sq Ft Est. Value

Last Sold February 28, 2014

Last sale price $3,385,000 $866 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $33,224/month

125 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Deck
  • Water Views
  • Water Access
  • Cathedral Ceiling

About This Home

As of February 2014

A classic shingled Weekapaug cottage totally renovated in 2000.Enjoy ocean and pond views from porches and decks. Located on a quiet road just steps to private beaches yacht club and tennis.

Last Agent to Sell the Property

Sarah Field

Compass License #RES.0031203 Listed on: 09/24/2013

Compass

Last Buyer's Agent

Robin Knisley

Mott & Chace Sotheby's Intl. License #REB.0016958

Mott & Chace Sotheby's Intl.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,387

Year Built

  • Built in 1998

Lot Details

  • 0.51 Acre Lot
  • Property is zoned R30

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,910 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • 2 Fireplaces
  • Stone Fireplace
  • Gas Fireplace
  • Thermal Windows
  • Water Views
  • Unfinished Basement
  • Crawl Space
  • Permanent Attic Stairs
  • Security System Owned

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck
  • Patio
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Hot Water Heating System
  • 200+ Amp Service
  • Gas Water Heater
  • Septic Tank
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 145
  • Assessor Parcel Number 62MEADOWAVWEST

Community Details

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Additional Features

  • Weekapaug Subdivision
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,387

Year Built

Built in 1998

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.51
  • Subdivision Name: WEEKAPAUG
  • Above Grade Finished Sq Ft: 3910.0
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1998
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Other Equipment: Satellite Dish
  • Has Basement: Crawl Space, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Gas, Stone
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Wood
  • Interior Amenities: Attic, Wet Bar, Cathedral Ceiling(s), High Ceilings, Permanent Attic Stairs, Storage, Vaulted Ceiling(s), Cable TV
  • Living Area: 3910.0
  • Stories: 3
  • Window Features: Thermal Windows

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Water Access, Walk to Water
  • Construction Type: Drywall, Shingle Siding
  • Exterior Features: Deck, Porch, Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 2.0

Utilities

  • Security: Security System Owned
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Propane
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 22215.0
  • Parcel #: 62MEADOWAVWEST
  • Zoning: R30

Tax Info

  • Tax Annual Amount: 34387.0
  • Tax Lot: 145
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2013
Closed on
Feb 28, 2014
Sold by
Engel Ferdinand and Engel Barbara
Bought by
Murray Michael P and Murray Sarah M
Seller's Agent
Sarah Field
Compass
Buyer's Agent
Robin Knisley
Mott & Chace Sotheby's Intl.
List Price
$3,350,000
Sold Price
$3,385,000
Premium/Discount to List
$35,000
1.04%
Current Estimated Value
$5,646,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,261,440
Avg. Annual Appreciation
4.40%

Purchase Details

Closed on
Sep 5, 2013
Sold by
Leonard Jonathan P and Leonard Letitia P
Bought by
Engel Ferdinand and Engel Barbara

Purchase Details

Closed on
May 5, 1998
Sold by
Batterson Johnathan E and Hall Bettina B
Bought by
Engel Ferdinand and Engel Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.04%
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
Murray Michael P $3,385,000 --
Engel Ferdinand $890,000 --
Engel Ferdinand $850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Engel Ferdinand $1,300,000
Previous Owner Engel Ferdinand $650,000
Previous Owner Engel Ferdinand $500,000
Closed Engel Ferdinand $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2014 02/28/14 Sold $3,385,000 +1.0% $866 / Sq Ft
01/29/2014 01/29/14 Pending -- -- --
09/25/2013 09/25/13 For Sale $3,350,000 -- $857 / 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 $44,393 $6,243,700 $4,815,100 $1,428,600
2024 $39,591 $4,035,800 $3,127,100 $908,700
2023 $38,824 $4,035,800 $3,127,100 $908,700
2022 $38,582 $4,035,800 $3,127,100 $908,700
2021 $40,592 $3,523,600 $2,581,600 $942,000
2020 $39,852 $3,523,600 $2,581,600 $942,000
2019 $39,464 $3,523,600 $2,581,600 $942,000
2018 $33,955 $2,858,200 $2,038,100 $820,100
2017 $33,127 $2,858,200 $2,038,100 $820,100
2016 $32,936 $2,819,900 $2,038,100 $781,800
2015 $35,368 $3,268,800 $2,495,400 $773,400
2014 $34,780 $3,268,800 $2,495,400 $773,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Sarah Field

    Compass

    (401) 322-0357

    5 in this area

    6 Total Sales

    Sarah Field
    Section Image
  • Robin Knisley

    Buyer's Agent in 2014

    Robin Knisley

    Mott & Chace Sotheby's Intl.

    (401) 207-9187

    27 in this area

    35 Total Sales

    Robin Knisley
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1051900

State-Wide MLS

APN: WEST-000157-000145

Rhode Island Washington County Westerly 02891

62 Meadow Ave, Westerly, RI

Not Listed for Sale

Detached

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