NOT LISTED FOR SALE

12 Spruce St Westerly, RI 02891

Estimated Value: $556,462 - $696,000

8 Beds
3 Baths
6,044 Sq Ft
$106/Sq Ft Est. Value

Last Sold August 16, 2019

Last sale price $381,000 $63 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,886/month

27 Days on Market

Highlights

  • Marina
  • Deck
  • Recreation Facilities
  • Golf Course Community
  • Wood Flooring
  • 5-minute walk to Wilcox Park

About This Home

As of August 2019

A rare opportunity to own a three family home 2 blocks from Wilcox Park and downtown Westerly. This IN-TOWN location can't be beat and has been owned by the same family for over seventy years. The first floor unit has a total of 4 bedrooms, a large master, living room and a den. The second floor unit has 3 bedrooms and the third floor has 1. This is a great opportunity for a family to purchase and have income from the second and third floor tenants to help with the mortgage or if you are looking for an investment. The home has city gas on all 3 of the floors, oil heat on the first, gas heat on the 2nd and 3rd with 2 newer furnaces. City water and sewer also. A large basement with plenty of storage and high ceilings with a large walk out door to a cement covered patio and a very large back yard with a shed. Walk downtown for a play or dinner, or a short drive to our beautiful beaches.

Last Listed By

Susan Eldridge

Schilke Realty License #RES.0033955 Listed on: 06/19/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,506

Year Built

  • Built in 1900

Lot Details

  • 0.35

Parking

  • No Garage

Home Design

  • Stone Foundation
  • Plaster

Interior Spaces

  • 6,044 Sq Ft Home
  • 3-Story Property
  • Workshop
  • Storage Room

Kitchen

  • Oven
  • Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Deck
  • Screened Patio
  • Outbuilding
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater
  • Oil Water Heater

Additional Features

  • 0.35 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 127
  • Assessor Parcel Number 12SPRUCESTWEST

Community Details

Overview

  • 4 Units
  • Downtown/Wilcox Park Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,506

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.35
  • Subdivision Name: Downtown/Wilcox Park
  • Above Grade Finished Sq Ft: 6044.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Electric Water Heater, Gas Water Heater, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Vinyl
  • Interior Amenities: Tub Shower
  • Dining Room Type: Laundry, Storage Room, Workshop
  • Stories: 3
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster
  • Exterior Features: Deck, Porch
  • Foundation Details: Stone
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Porch, Screened

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Fuses
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15148.0
  • Parcel #: 12SPRUCESTWEST
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3506.0
  • Tax Lot: 127
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2019
Closed on
Aug 16, 2019
Sold by
Travers Jerry A
Bought by
Eichelberg Kirsten and Andres Nathan
Seller's Agent
Susan Eldridge
Schilke Realty
Buyer's Agent
Michaela Lamb
Sold By Michaela LLC
List Price
$389,000
Sold Price
$381,000
Premium/Discount to List
-$8,000
-2.06%
Total Days on Market
27
Current Estimated Value
$639,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,866
Avg. Annual Appreciation
9.44%
Original Mortgage
$354,350
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 1983
Bought by
Travers Jerry A

Range of Values:

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Average Value
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List Price
Sold Price
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    • 3 Baths
    • 3,263 Sq Ft
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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
Eichelberg Kirsten $373,000 --
Travers Jerry A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrews Nathan $215,000
Open Andrews Nathan $363,000
Closed Eichelberg Kirsten $354,350
Previous Owner Travers Jerry A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2019 08/16/19 Sold $381,000 -2.1% $63 / Sq Ft
07/17/2019 07/17/19 Pending -- -- --
06/19/2019 06/19/19 For Sale $389,000 -- $64 / 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 $4,051 $387,700 $116,500 $271,200
2023 $3,939 $387,700 $116,500 $271,200
2022 $3,916 $387,700 $116,500 $271,200
2021 $4,016 $333,000 $101,600 $231,400
2020 $3,742 $315,800 $101,600 $214,200
2019 $3,707 $315,800 $101,600 $214,200
2018 $3,557 $288,000 $101,600 $186,400
2017 $3,456 $288,000 $101,600 $186,400
2016 $3,456 $288,000 $101,600 $186,400
2015 $3,314 $295,100 $103,600 $191,500
2014 $3,261 $295,100 $103,600 $191,500
Source: Public Records

Agents Affiliated with this Home

  • Susan Eldridge

    Seller's Agent in 2019

    Susan Eldridge

    Schilke Realty

    (860) 460-1067

    46 in this area

    92 Total Sales

    Susan Eldridge
    Section Image
  • Michaela Lamb

    Buyer's Agent in 2019

    Michaela Lamb

    Sold By Michaela LLC

    (401) 935-3390

    68 in this area

    209 Total Sales

    Michaela Lamb
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1227104

State-Wide MLS

APN: WEST-000057-000127

Rhode Island Washington County Westerly 02891

12 Spruce St, Westerly, RI

Homes for Sale in Westerly, RI

This home is located at 12 Spruce St, Westerly, RI 02891 since 19 June 2019 and is currently estimated at $639,866, approximately $105 per square foot. This property was built in 1900. 12 Spruce St is a home located in Washington County with nearby schools including Westerly High School and St. Michael School.

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