$520,000
SOLD NOV 22, 2021

7 Lima Dr Westerly, RI 02891

3 Beds
4 Baths
3,504 Sq Ft
0.66 Acres

Recently Sold

$148 Per Sq Ft

4% Below List Price

19 Days on Market

Highlights

  • River Access
  • Solar Power System
  • Contemporary Architecture
  • Above Ground Pool
  • Deck
  • Cathedral Ceiling

About This Home

As of November 2021

Wonderful open light and bright contemporary 3 Bedroom + 4 Baths, "Lindwood Custom Home" with spacious Master suite on second level with adjacent sitting room with wet bar, home office and/or gym. The main level boasts a large open great room, sun room, wrap around deck, bedroom, full bath, possible in-law or guest suite area with private entrance, consisting of sitting room, bedroom and full bath. Lower level has some additional usable space and full bath. Pawcatuck River at end of Lima Drive. Move in ready! Come take a look. Hosting several open house events this week!

Last Agent to Sell the Property

Michelle Hallamore

BHHS New England Properties License #REB.0013037 Listed on: 10/03/2021

BHHS New England Properties

Last Buyer's Agent

Lisa Szaro

Mott & Chace Sotheby's Intl. License #RES.0028444

Mott & Chace Sotheby's Intl.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,793

Year Built

  • Built in 1988

Parking

  • 2 Car Attached Garage
  • Carport
  • Driveway

Home Design

  • Contemporary Architecture
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Skylights
  • Game Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Storm Doors

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Partially Finished Basement

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

Outdoor Features

  • Above Ground Pool
  • River Access
  • Walking Distance to Water
  • Balcony
  • Deck

Utilities

  • Ductless Heating Or Cooling System
  • Central Air
  • Heating System Uses Oil
  • Baseboard Heating
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • Solar Power System
  • 0.66 Acre Lot

Community Details

  • Potter Hill Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 7LIMADRWEST

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,793

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.66
  • Subdivision Name: Potter Hill
  • Above Grade Finished Sq Ft: 2516.0
  • Architectural Style: Contemporary
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Green Power: Solar
  • Building Stories: 2
  • Year Built: 1988
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 988.0
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Wet Bar, Cathedral Ceiling(s), Skylights, Cable TV
  • Living Area: 3504.0
  • Dining Room Type: Bathroom, Game Room, Laundry, Storage Room, Utility Room
  • Stories: 2
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Above Ground
  • Waterfront Features: River Access, Walk to Water
  • Construction Type: Drywall, Wood Siding
  • Exterior Features: Balcony, Deck, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Balcony, Deck

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Carport, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air, Ductless
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Oil
  • Heating Yn: Yes
  • Electric: 150 Amp Service
  • Sewer: Septic Tank
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 28750.0
  • Parcel #: 7LIMADRWEST
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4793.18
  • Tax Lot: 6
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2021
Closed on
Nov 22, 2021
Sold by
Lindstrom Ryan and Lindstrom Sarah
Bought by
Clark Gabrielle
Seller's Agent
Michelle Hallamore
BHHS New England Properties
Buyer's Agent
Lisa Szaro
Mott & Chace Sotheby's Intl.
List Price
$539,900
Sold Price
$520,000
Premium/Discount to List
-$19,900
-3.69%
Total Days on Market
19
Current Estimated Value
$744,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,905
Avg. Annual Appreciation
10.75%
Original Mortgage
$494,000
Outstanding Balance
$458,329
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$286,576

Purchase Details

Listed on
Mar 13, 2018
Closed on
May 4, 2018
Sold by
Fagre Jilian L and Atkinson Linda M
Bought by
Lindstrom Ryan and Lindstrom Sarah
Seller's Agent
Sandy Bliven
RE/MAX South County
Buyer's Agent
Michelle Hallamore
BHHS New England Properties
List Price
$444,900
Sold Price
$442,000
Premium/Discount to List
-$2,900
-0.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.67%
Original Mortgage
$427,248
Interest Rate
5.75%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 7, 2015
Closed on
Oct 13, 2015
Sold by
Lima Kimberly M
Bought by
Frage Jilian L and Atkinson Linda M
Seller's Agent
Sandy Bliven
RE/MAX South County
Buyer's Agent
Sandy Bliven
RE/MAX South County
List Price
$419,900
Sold Price
$410,000
Premium/Discount to List
-$9,900
-2.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.97%
Original Mortgage
$386,650
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 12, 2014
Sold by
Clarke Susan K
Bought by
Lima Kimberly M

Purchase Details

Closed on
Aug 6, 1993
Sold by
Lima Douglas and Lima Patricia
Bought by
Lima Kimberly M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,770
Interest Rate
7.29%
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 Type Sale Price Title Company
Warranty Deed $520,000 None Available
Warranty Deed $442,000 --
Warranty Deed $410,000 --
Quit Claim Deed -- --
Warranty Deed $132,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $494,000 Purchase Money Mortgage
Previous Owner $420,659 FHA
Previous Owner $424,416 FHA
Previous Owner $426,739 FHA
Previous Owner $427,248 FHA
Previous Owner $384,330 FHA
Previous Owner $386,650 FHA
Previous Owner $123,000 No Value Available
Previous Owner $35,000 No Value Available
Previous Owner $109,770 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2021 11/22/21 Sold $520,000 -3.7% $148 / Sq Ft
10/23/2021 10/23/21 Pending -- -- --
10/03/2021 10/03/21 For Sale $539,900 +22.1% $154 / Sq Ft
05/04/2018 05/04/18 Sold $442,000 -0.7% $126 / Sq Ft
04/04/2018 04/04/18 Pending -- -- --
03/13/2018 03/13/18 For Sale $444,900 +8.5% $127 / Sq Ft
10/09/2015 10/09/15 Sold $410,000 -2.4% $117 / Sq Ft
09/09/2015 09/09/15 Pending -- -- --
08/07/2015 08/07/15 For Sale $419,900 -- $120 / 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 $5,064 $516,200 $139,100 $377,100
2023 $4,966 $516,200 $139,100 $377,100
2022 $4,935 $516,200 $139,100 $377,100
2021 $4,882 $423,800 $120,900 $302,900
2020 $4,793 $423,800 $120,900 $302,900
2019 $4,747 $423,800 $120,900 $302,900
2018 $4,753 $400,100 $120,900 $279,200
2017 $4,637 $400,100 $120,900 $279,200
2016 $4,673 $400,100 $120,900 $279,200
2015 $4,041 $373,500 $123,300 $250,200
2014 $3,974 $373,500 $123,300 $250,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1295263

State-Wide MLS

APN: WEST-000013-000006