NOT LISTED FOR SALE

8 Lima Dr Westerly, RI 02891

Estimated Value: $727,423 - $903,000

4 Beds
2.5 Baths
3,016 Sq Ft
$274/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $620,000 $206 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,077/month

13 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • Walking Distance to Water
  • Cathedral Ceiling
  • Recreation Facilities
  • Thermal Windows

About This Home

As of June 2022

Awesome 3016 sq ft above grade living with Master Suite and private bath and walkin closet on the first floor. Beautiful floor plan and located on a quiet dead-end street. This house will amaze you with 1st floor laundry, pantry and huge 2 car garage, plus a huge two way stone fireplace with custom gas insert, hardwood floors, 4 huge bedrooms and 2.5 baths. Way way below the cost to build this property and in absolute move in condition.
Property is being sold as-is subject to buyer inspection.

Last Listed By

Dan Liese

Seaport Real Estate Services License #REB.0017069 Listed on: 05/05/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,640

Year Built

  • Built in 1971

Lot Details

  • 0.59 Acre Lot
  • Property is zoned R30

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Cape Cod Architecture
  • Colonial Architecture
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,016 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • Stone Fireplace
  • Gas Fireplace
  • Thermal Windows
  • Wood Flooring

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Unfinished Basement

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

Outdoor Features

  • Walking Distance to Water

Utilities

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

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 8LIMADRWEST

Community Details

Overview

  • Potter Hill Subdivision

Recreation

  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,640

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.59
  • Subdivision Name: Potter Hill
  • Above Grade Finished Sq Ft: 3016.0
  • Architectural Style: Cape Cod, Colonial
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1971
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Oven, Oil Water Heater, Range, Refrigerator, Water Heater
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas, Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Bathtub, Cathedral Ceiling(s), Skylights, Tub Shower, Cable TV
  • Living Area: 3016.0
  • Stories: 2
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Wood Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Recreation Area
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 25700.0
  • Parcel #: 8LIMADRWEST
  • Zoning: R30
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4640.0
  • Tax Lot: 37
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2022
Closed on
Jun 10, 2022
Sold by
Yaffe Dennis
Bought by
Thompson Brett J and Thompson Jennifer A
Seller's Agent
Dan Liese
Seaport Real Estate Services
Buyer's Agent
Donna Valeriana
List Price
$649,900
Sold Price
$620,000
Premium/Discount to List
-$29,900
-4.6%
Total Days on Market
13
Current Estimated Value
$825,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,606
Avg. Annual Appreciation
8.41%
Original Mortgage
$599,307
Outstanding Balance
$576,740
Interest Rate
5.1%
Mortgage Type
FHA
Estimated Equity
$210,635

Purchase Details

Listed on
Apr 8, 2016
Closed on
Jul 8, 2016
Sold by
Lima Richard A Est
Bought by
Yaffe Dennis
Seller's Agent
Dan Liese
Seaport Real Estate Services
Buyer's Agent
Dan Liese
Seaport Real Estate Services
List Price
$230,000
Sold Price
$225,000
Premium/Discount to List
-$5,000
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.64%

Range of Values:

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Average Value
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List Price
Sold Price
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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
Thompson Brett J $620,000 None Available
Yaffe Dennis $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Brett J $599,307
Previous Owner Lima Brenda J $83,000
Previous Owner Lima Brenda J $86,721
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $620,000 +3.4% $206 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
05/15/2022 05/15/22 Price Changed $599,900 -7.7% $199 / Sq Ft
05/05/2022 05/05/22 For Sale $649,900 +188.8% $215 / Sq Ft
07/08/2016 07/08/16 Sold $225,000 -2.2% $84 / Sq Ft
06/08/2016 06/08/16 Pending -- -- --
04/08/2016 04/08/16 For Sale $230,000 -- $86 / 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 $5,473 $557,900 $136,700 $421,200
2023 $5,367 $557,900 $136,700 $421,200
2022 $5,294 $553,800 $136,700 $417,100
2021 $3,618 $314,100 $118,800 $195,300
2020 $3,552 $314,100 $118,800 $195,300
2019 $3,518 $314,100 $118,800 $195,300
2018 $3,369 $283,600 $118,800 $164,800
2017 $3,287 $283,600 $118,800 $164,800
2016 $3,312 $283,600 $118,800 $164,800
2015 $3,729 $344,600 $121,100 $223,500
2014 $3,667 $344,600 $121,100 $223,500
Source: Public Records

Agents Affiliated with this Home

  • Dan Liese

    Seller's Agent in 2022

    Dan Liese

    Seaport Real Estate Services

    (401) 742-3216

    18 in this area

    69 Total Sales

    Dan Liese
    Section Image

  • D

    Buyer's Agent in 2022

    Donna Valeriana

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1309295

State-Wide MLS

APN: WEST-000008-000037

Rhode Island Washington County Westerly 02891

8 Lima Dr, Westerly, RI

Homes for Sale in Westerly, RI

This home is located at 8 Lima Dr, Westerly, RI 02891 since 05 May 2022 and is currently estimated at $825,606, approximately $273 per square foot. This property was built in 1971. 8 Lima Dr is a home located in Washington County with nearby schools including Westerly High School and St. Michael School.

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