NOT LISTED FOR SALE

12 Chester Ave Westerly, RI 02891

Estimated Value: $516,038 - $617,000

5 Beds
2 Baths
4,198 Sq Ft
$134/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $385,000 $92 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,245/month

35 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Baseboard Heating
  • Porch
  • Storage Room

About This Home

As of October 2021

Two family with great income potential or owner occupancy. Great location just off Granite Ave, 1/2 mile to historic Wilcox Park and downtown Westerly. Same owner for 18+ years, income producer, owner occupied from 2003-2007. So many updates over the years, from most recent- new roof, newly paved driveway, concrete poured basement floor. House wrapped in insulation board and vinyl sided. Furnace, electric and hot water heaters. Inside, each unit has updated kitchens, baths, surfaces. Floors 1 & 2 have dishwashers. Finished patio, fencing. Period woodworking details. Decks built out, recently power washed. Insulation and electricity added to the detached 308 sf workshop. Efficient gas heat & hot water. Town water & sewer. Currently has month to month tenants, have been here several years and are always on time. Selling as is.

Last Agent to Sell the Property

Jill Granville

Lighthouse Real Estate Group License #RES.0034585 Listed on: 08/17/2021

Last Buyer's Agent

Jill Granville

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,136

Year Built

  • Built in 1924

Lot Details

  • 9,148 Sq Ft Lot

Home Design

  • Stone Foundation
  • Vinyl Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 4,198 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry in unit
  • Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Outbuilding
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 200+ Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 169
  • Assessor Parcel Number 12CHESTERAVWEST

Community Details

Overview

  • 2 Units
  • Downtown Subdivision

Building Details

  • Operating Expense $10,269

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,136

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Subdivision Name: Downtown
  • Above Grade Finished Sq Ft: 4198.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Bathtub, Tub Shower
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Clapboard, Vinyl Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Stone
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Near Schools, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9148.0
  • Parcel #: 12CHESTERAVWEST
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 10268.87

Tax Info

  • Tax Annual Amount: 3136.0
  • Tax Lot: 169
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2021
Closed on
Oct 22, 2021
Sold by
Granville James C and Granville Jill A
Bought by
Touponce Renee and Ayala Jade
Seller's Agent
Jill Granville
Lighthouse Real Estate Group
Buyer's Agent
Jill Granville
List Price
$399,000
Sold Price
$385,000
Premium/Discount to List
-$14,000
-3.51%
Current Estimated Value
$562,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,260
Avg. Annual Appreciation
9.41%
Original Mortgage
$378,026
Outstanding Balance
$344,724
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$217,536

Purchase Details

Closed on
Dec 13, 2013
Sold by
Granville James C and Granville Jill A
Bought by
Equal Properties Llc
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
Touponce Renee $385,000 None Available
Equal Properties Llc -- --
Equal Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Touponce Renee $378,026
Previous Owner Equal Properties Llc $175,000
Previous Owner Equal Properties Llc $200,000
Previous Owner Equal Properties Llc $83,430
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2021 10/22/21 Sold $385,000 -3.5% $92 / Sq Ft
09/22/2021 09/22/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $399,000 -- $95 / 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 $3,690 $474,300 $145,000 $329,300
2024 $3,499 $334,800 $103,800 $231,000
2023 $3,402 $334,800 $103,800 $231,000
2022 $3,381 $334,800 $103,800 $231,000
2021 $3,136 $260,000 $90,400 $169,600
2020 $3,081 $260,000 $90,400 $169,600
2019 $3,052 $260,000 $90,400 $169,600
2018 $2,986 $241,800 $90,400 $151,400
2017 $2,902 $241,800 $90,400 $151,400
2016 $2,902 $241,800 $90,400 $151,400
2015 $2,782 $247,700 $92,200 $155,500
2014 $2,737 $247,700 $92,200 $155,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jill Granville

    Lighthouse Real Estate Group

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Map

Source: State-Wide MLS

MLS Number: 1291093

State-Wide MLS

APN: WEST-000067-000169

Rhode Island Washington County Westerly 02891

12 Chester Ave, Westerly, RI

Not Listed for Sale

MultiFamily

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