NOT LISTED FOR SALE

11 Spruce St Westerly, RI 02891

Estimated Value: $591,000 - $648,764

8 Beds
3 Baths
2,907 Sq Ft
$212/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $540,000 $186 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,540/month

6 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Laundry Room
  • Golf Course Community
  • Tennis Courts
  • Public Transportation

About This Home

As of November 2023

Fully rented 3 family home in the heart of Westerly! Connected to city water, sewer and gas. Off-site parking for tenants. Located near downtown Westerly, train station, Rt 95, Schools, and Westerly beaches. Rent rolls are $4,600.00 monthly with tenants paying their own utilities. Landlord pays for water/sewer, rubbish removal, snow removal and landscape. Review all disclosures, ROI, previous inspection & repairs before requesting showing. 1st floor leased until April (would like to stay), 2nd floor leased until 6.30, 25, 3rd floor leased until 12.31, 2024. 2nd and 3rd floor are paying $1200 in November & December, their new rents of $1300 start January 1st.

Last Agent to Sell the Property

Sandy Bliven

RE/MAX South County License #RES.0031703 Listed on: 11/07/2023

RE/MAX South County

Co-Listed By

Liz Andersen Warner

RE/MAX South County License #RES.0041331

Last Buyer's Agent

Leanne McCormick

Milestone Realty, Inc. License #RES.0043103

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,725

Year Built

  • Built in 1900

Lot Details

  • 0.25

Parking

  • No Garage

Home Design

  • Wood Siding

Interior Spaces

  • 2,907 Sq Ft Home
  • 3-Story Property
  • Utility Room
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • 0.25 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 137
  • Assessor Parcel Number 11SPRUCESTWEST

Community Details

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

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

Additional Features

  • 3 Units
  • Operating Expense $10,704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,725

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Co List Office Mls Id: RMAX16
  • Co List Office Phone: 401-596-2067
  • Inclusions: I
  • Above Grade Finished Sq Ft: 2907.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Vinyl
  • Dining Room Type: Laundry, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: Other

Exterior Features

  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10890.0
  • Parcel #: 11SPRUCESTWEST
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 10704.0

Tax Info

  • Tax Annual Amount: 3724.65
  • Tax Lot: 137
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2023
Closed on
Dec 29, 2023
Sold by
Dmoch Ayanna and Dmoch Tomasz
Bought by
Ackee Point Holdings Llc
Seller's Agent
Sandy Bliven
RE/MAX South County
Buyer's Agent
Leanne McCormick
Milestone Realty, Inc.
List Price
$525,000
Sold Price
$540,000
Premium/Discount to List
$15,000
2.86%
Views
44
Current Estimated Value
$614,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,941
Avg. Annual Appreciation
6.45%
Original Mortgage
$405,000
Outstanding Balance
$397,433
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$217,508

Purchase Details

Listed on
Nov 7, 2023
Closed on
Nov 30, 2023
Sold by
Brown Jack
Bought by
Dmoch Ayanna and Dmoch Tomasz
Seller's Agent
Sandy Bliven
RE/MAX South County
Buyer's Agent
Leanne McCormick
Milestone Realty, Inc.
List Price
$525,000
Sold Price
$540,000
Premium/Discount to List
$15,000
2.86%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Outstanding Balance
$397,433
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$217,508

Purchase Details

Listed on
Jun 12, 2020
Closed on
Oct 2, 2020
Sold by
Miceli Salvatore and Miceli Mae A
Bought by
Brown Jack
Seller's Agent
Sandy Bliven
RE/MAX South County
Buyer's Agent
Christopher Woodard
Keller Williams Coastal
List Price
$370,000
Sold Price
$365,700
Premium/Discount to List
-$4,300
-1.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.13%

Purchase Details

Listed on
May 13, 2019
Closed on
Jun 13, 2019
Sold by
Young Elizabeth
Bought by
Miceli Salvatore and Micell Maeann
Seller's Agent
Caitlyn Serra
Compass / Lila Delman Compass
Buyer's Agent
Liz Andersen Warner
RE/MAX South County
List Price
$349,000
Sold Price
$331,000
Premium/Discount to List
-$18,000
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.91%
Original Mortgage
$248,250
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2013
Sold by
Penrose 3Rd Joseph A
Bought by
Elmer Elizabeth E

Purchase Details

Closed on
Apr 7, 2008
Sold by
Garach Patricia B
Bought by
Penrose 3Rd Joseph A and Elmer Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,358
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2002
Sold by
Donahue Colin T
Bought by
Garach Patricia B

Purchase Details

Closed on
Apr 1, 1999
Sold by
Payne John R and Eckel Frederick C
Bought by
Donahue Colin T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ackee Point Holdings Llc -- None Available
Dmoch Ayanna $540,000 None Available
Brown Jack $365,700 None Available
Miceli Salvatore $331,000 --
Elmer Elizabeth E -- --
Penrose 3Rd Joseph A $327,500 --
Garach Patricia B $260,000 --
Donahue Colin T $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dmoch Ayanna $405,000
Previous Owner Miceli Salvatore $248,250
Previous Owner Donahue Colin T $327,193
Previous Owner Donahue Colin T $322,358
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2023 11/30/23 Sold $540,000 +2.9% $186 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
11/07/2023 11/07/23 For Sale $525,000 +43.6% $181 / Sq Ft
10/02/2020 10/02/20 Sold $365,700 -1.2% $84 / Sq Ft View Prior Sale
09/02/2020 09/02/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $370,000 +11.8% $85 / Sq Ft
06/13/2019 06/13/19 Sold $331,000 -5.2% $76 / Sq Ft View Prior Sale
05/14/2019 05/14/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $349,000 -- $80 / 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
2025 $3,930 $505,200 $160,800 $344,400
2024 $3,831 $366,600 $115,300 $251,300
2023 $3,725 $366,600 $115,300 $251,300
2022 $3,703 $366,600 $115,300 $251,300
2021 $3,581 $296,900 $100,400 $196,500
2020 $3,518 $296,900 $100,400 $196,500
2019 $3,486 $296,900 $100,400 $196,500
2018 $3,337 $270,200 $100,400 $169,800
2017 $3,242 $270,200 $100,400 $169,800
2016 $3,242 $270,200 $100,400 $169,800
2015 $3,240 $288,500 $102,400 $186,100
2014 $3,188 $288,500 $102,400 $186,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1347610

State-Wide MLS

APN: WEST-000057-000137