NOT LISTED FOR SALE

7 Abbey Ln Unit 4 Westerly, RI 02891

Estimated Value: $706,000 - $836,000

3 Beds
2 Baths
2,350 Sq Ft
$180/mo HOA Fee

Last Sold November 03, 2021

Last sale price $557,000 $237 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,640/month

384 Days on Market

Highlights

  • Marina
  • Under Construction
  • Deck
  • Golf Course Community
  • Active Adult
  • Wooded Lot

About This Home

As of November 2021

Your new lifestyle awaits you at the beautiful new development named Lathrop Farms Condominiums, off South Drive in Westerly RI. This community is age restricted, one buyer must be over 55. These spacious units boast hardwood floors throughout, upscale kitchens with granite counters and a large island. Generous allowances given for appliances and lighting. This model is the market rate base unit with two floors of well planned living space. Tired of all the maintenance that goes along with owning your own home? Maybe it's time to enjoy a more carefree life. Lathrop Farms Condominiums can provide just that. These upscale homes provide single floor living (with option for a second floor included in this price) including your master suite, large closets, open living/dining area and a second bedroom that can be used as an office. Your energy efficient low maintenance home will provide peace of mind for decades to come. The professional landscaping will be taken care of for you. Sit on your back patio and just enjoy the view of mature trees surrounding the development. Be as active as you way or just relax It's just a few minutes drive to area beaches, attractions and restaurants. Downtown Builder reserves right to add material increases to purchase price as necessary. 10% deposit becomes non refundable when framing of the unit begins.

Last Agent to Sell the Property

Lori Moore

Northeast Property Group License #RES.0035303 Listed on: 09/14/2020

Last Buyer's Agent

Team KEY

KEY Real Estate Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,000

Year Built

  • Built in 2020 | Under Construction

Lot Details

  • Security Fence
  • Sprinkler System
  • Wooded Lot

HOA Fees

  • $180 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway
  • Assigned Parking

Home Design

  • Timeshare
  • Entry on the 1st floor
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 2,350 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Thermal Windows

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Home Security

Outdoor Features

  • Deck
  • Patio
  • Porch

Location

  • Property near a hospital

Utilities

  • Central Air
  • Heating System Uses Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 131
  • Assessor Parcel Number 7ABBEYLANE4WEST

Community Details

Overview

  • Active Adult
  • 24 Units
  • South Drive Off East Ave Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Storm Windows
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,000

Year Built

Built in 2020 | Under Construction

Lot Details

0

HOA Fees

$180 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Business Type: Other
  • Subdivision Name: South Drive off East Ave
  • Above Grade Finished Sq Ft: 2350.0
  • Building Name: Lathrop Farms Condomin
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: One, Two
  • New Construction: Yes
  • Building Stories: 2
  • Year Built: 2020
  • Property Sub Type Additional: Condominium
  • Special Features: 4098
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Living Area: 2350.0
  • Stories: 2
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: Builder

Exterior Features

  • Fencing: Security
  • Lot Features: Sprinkler System, Wooded
  • Construction Type: Drywall, Masonry, Vinyl Siding
  • Exterior Features: Deck, Porch, Patio, Sprinkler/Irrigation, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio, Porch
  • Property Condition: Under Construction

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Attached, Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: Yes
  • Association Fee: 180.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK, Size Limit, Yes
  • Common Interest: Timeshare

Lot Info

  • Parcel #: 7ABBEYLANE4WEST
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 24

Tax Info

  • Tax Annual Amount: 6000.0
  • Tax Lot: 131
  • Tax Year: 2020

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2021 11/03/21 Sold $557,000 +19.0% $237 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
09/14/2020 09/14/20 For Sale $468,000 -- $199 / 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 $5,697 $545,200 $0 $545,200
2023 $5,539 $545,200 $0 $545,200
2022 $5,507 $545,200 $0 $545,200
Source: Public Records

Agents Affiliated with this Home

  • Lori Moore

    Seller's Agent in 2021

    Lori Moore

    Northeast Property Group

    (401) 741-6686

    32 in this area

    49 Total Sales

    Lori Moore
    Section Image

  • T

    Buyer's Agent in 2021

    Team KEY

    KEY Real Estate Services

    (401) 302-1432

    27 in this area

    371 Total Sales

    Team KEY
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1264525

State-Wide MLS

APN: WEST M:97 B:131 L:4

Rhode Island Washington County Westerly 02891

7 Abbey Ln Unit 4, Westerly, RI

This home is located at 7 Abbey Ln Unit 4, Westerly, RI 02891 since 14 September 2020 and is currently estimated at $751,587, approximately $319 per square foot. This property was built in 2020. 7 Abbey Ln Unit 4 is a home located in Washington County with nearby schools including Westerly High School and St. Michael School.

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