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Backup Offers

51 Terrace Ave, Warwick, RI, 02889

$299,900

Home List Price

$3,561*

Closing Credit

2 Bedrooms
1 Full Bath
2,060 SqFt
$146/SqFt
House
Schools Nearby

Location

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51 Terrace Ave, Warwick$299,900

Buyer Closing Credits

$3,561*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNo Garage
Year Built1935
HeatingNatural Gas, Steam
CoolingNone
BasementYes
FireplaceNone
MLS #1356433
Lot Size0.25 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 51 Terrace Ave

Attention Contractors. Many opportunities with this double lot water front property! Fix and flip or keep as an Airbnb. Property is a short walk to the beach and sand bar. Finish the basement for increased space! Enjoy the swans, ducks, and fish in your back yard! Catch striped bass in your back yard on the spring herring run! Property is being sold "As Is". Being sold well below assessed value for quick sale. Cash only, will not qualify for financing.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1935
  • Stories: 1
  • Living Area: 2,060 SqFt

Listing Office:

  • Office Name: Multi State Realty
  • Office Phone: (401) 335-0705

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring Type: Laminate
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Steam
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $299,900
  • Price Per SqFt: $146/SqFt

Tax Information:

  • Annual Amount: $4,162
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Warwick, RI.

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Warwick, RI

City

Med. Sold Price

$380K

Med. Price/SqFt

$258

Avg. Days On Market

27

# of Sold Homes

78

51 Terrace Ave vs Warwick

19 DAYS ON ROCKET

-8 Days

$299,900

-$80.1K Less

$146/SqFt

-$113 Less

KEY TAKEAWAY

This property is $80.1K less than the Median Sold Price and $113/SqFt less than other homes in Warwick, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1356433

Listing Office:

  • Office Name: Multi State Realty
  • Office Phone: (401) 335-0705

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 8:25:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 02, 2004Home Sold
$160,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,162$222,200
2019$4,162$222,200
2018$4,376$210,400
2017$4,258$210,400

History based on county public records data.

Payment Calculator

$1,564

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3335163
6
/10

  • Sherman School

  • 120 Killey Ave

  • 1.29 miles

  • Public District Grades KG-6

school-card-donut-3335164
5
/10

  • Hoxsie School

  • 55 Glenwood Dr

  • 1.73 miles

  • Public District Grades KG-6

school-card-donut-3335165
7
/10

  • Warwick Neck School

  • 155 Rocky Point Ave

  • 1.75 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,524. Most Warwick, RI residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 51 Terrace Ave

What is the listing price of this property?

The listing price of 51 Terrace Ave property is $299,900.

What type of property is this?

The property 51 Terrace Ave is a house located in Warwick, Rhode Island, 02889.

Is this property for sale now?

Accepting Backup Offers: 51 Terrace Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,162 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 2, 2004 for $160,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 51 Terrace Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 51 Terrace Ave is 2,060 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 51 Terrace Ave is 1935.

Rocket Homes›Rhode Island›Kent County›Warwick›02889›51 Terrace Ave

This home is located at 51 Terrace Ave in Warwick, RI and zip code 02889. This 2,060 square foot home, which was built in 1935, sits on a 0.25 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $299,900.

In March 2024, from all listings sold in Warwick, RI there were more than 48 sold above asking price, over 21 sold below and more than 9 were sold right at the asked price. In March 2024 in Warwick, RI there were 11.5% more homes for sale than in February 2024. In March 2024, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $380,000.

From Rocket Homes Real Estate and based on county public records data.

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