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1 Newton Avenue

1 Newton Avenue, Westerly, RI 02891
Property in Westerly
Sold Mar 24, 2023
$515,000
$316,500 by Evolve Bank & Trust
Mortgage Due Mar 24, 2053
Sold Jun 02, 2021
$400,000
$246,400 by Seacoast Mortgage Corporation
Mortgage
1 Newton Avenue in Westerly, RI was first built in 1900 and is 124 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a style that we are currently unable to determine. There are a total of 3 floors. There are a total of 14 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 1 Newton Avenue has 2,337 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,775 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of asphalt. The condition of the building has been evaluated as average. The exterior walls of the home are made of asbestos shingle. As for heating, the home is utilizing a hot water heating system and being fueled with gas. The property was last sold in Mar 24, 2023 for $515,000. That's $220.37 per sqft. Prior to that sales transaction, the property was also sold in Jun 1, 2021 for $400,000. 1 Newton Avenue was last assessed in 2023. The total value of the property was assessed at $286,300. Specifically, the land the property is located on was valued at $104,300. While improvements on the property were assessed at a total of $182,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $2,909. The initial tax year of delinquency was in 2023. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Off Street Parking
Paved Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Style: Other
  • Exterior Walls Type: Asbestos shingle
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,775
  • Total Building Area: 2,337
  • Gross Building Area: 4,331
  • Building Area: 2,337
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 2,337
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.11
  • Standard Land Use Code: Triplex (3 units, any combination)

Ownership

  • Current Owner : HOLLAND M E
  • Previous Owner : FLEURY DAVID L
  • Owner Before Previous Owner: ADAMS RYAN J
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Westerly School District
  • School Tax School District: WESTERLY PS
  • Census Tract: 050801

Geography

  • Account Number: 1015020
  • Parcel: WEST M:57 B:116
  • Block: 116
  • Municipality: WESTERLY
  • Latitude: 41.3776
  • Longitude: -71.8263

    Address

  • Full Address: 1 Newton Ave
  • Address - House Number: 1
  • Address - Street Name: Newton
  • Address - Suffix Type: Ave
  • State: RI
  • City Name: Westerly
  • Carrier Code: C007
  • 4-Digit Zip Code: 6040
  • Zip Code: 02891

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,909
  • Intital Tax Deliquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 498,194
  • High Value: 604,791
  • Low Value: 391,597

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $316,500
  • First Open Lien Mortgage Lender: EVOLVE BANK & TRUST
  • First Open Lien Mortgage Recording Date: Mar 24, 2023
  • First Open Lien Mortgage Loan Amount: $316,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Mar 24, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $286,300
  • Assessed Land Value: $104,300
  • Assessed Improvements Value: $182,000

    Sales

  • Current Sale Contract Date: Mar 24, 2023
  • Current Sale Recording Date: Mar 24, 2023
  • Current Sale Transaction ID: 11904370133
  • Current Sale Price: $515,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2023-851
  • Previous Sale Recording Date: Jun 02, 2021
  • Previous Sale Contract Date: Jun 01, 2021
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVOLVE BANK & TRUST
  • First Mortgage Transaction Date: Mar 24, 2023
  • First Mortgage Loan Amount: $316,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: SEACOAST MORTGAGE CORPORATION
  • Previous Mortgage Transaction Date: Jun 02, 2021
  • Previous Mortgage Loan Amount: $246,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Westerly



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Frequently Asked Questions

What neighborhood is 1 Newton Avenue located in?
The 1 Newton Avenue is a located in the neighborhood of Westerly in Westerly, Westerly.
What is the average sales price for listings in 1 Newton Avenue?
The average sales price for units in 1 Newton Avenue is $0 currently.

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