NOT LISTED FOR SALE

15 Chestnut St Westerly, RI 02891

Estimated Value: $509,897 - $705,000

5 Beds
3 Baths
2,700 Sq Ft
$210/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $385,000 $143 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,256/month

30 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • 2 Car Detached Garage
  • Golf Course Community
  • Attic
  • Storm Windows

About This Home

As of February 2023

One of Westerly original Victorians, within walking distance to historic downtown, train station, quaint eateries, 10 minutes to the beach and Exit 92k Pfizer's, Foxwoods, Mohegan Sun. First floor has over 1500 SQ FT APPARTMENTS HAS 4+ Bedrooms, 2bathrooms, dining room, eat in kitchen, pantry, stairway to walk up attic for expansion, 10-15 year roof. Located on .34 acre. Updated electric and gas heat. First floor, with in law space, 1,520SF, (legal 2 unit multi family). Second floor, 1,197 + additional space. Total of both units, 2700 SF total. Needs TLC, peeling paint and garage needs a complete rehab. Tenant would like to stay, paying $1300/month. *******************

Last Agent to Sell the Property

Sandy Bliven

RE/MAX South County License #RES.0031703 Listed on: 01/02/2023

RE/MAX South County

Last Buyer's Agent

David Cappucci

KEY Real Estate Services License #REC.0018315

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,750

Year Built

  • Built in 1890

Lot Details

  • 0.34 Acre Lot
  • Sprinkler System

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Shingle Siding
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Laundry in unit
  • Utility Room
  • Permanent Attic Stairs
  • Storm Windows

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

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

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 15CHESTNUTSTWEST

Community Details

Overview

  • 2 Units
  • Near Downtown Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community

Building Details

  • Operating Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,750

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.34
  • Inclusions: Family member living at lower level.
  • Subdivision Name: Near Downtown
  • Above Grade Finished Sq Ft: 2700.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1890
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood
  • Interior Amenities: Attic, Permanent Attic Stairs
  • Dining Room Type: Bathroom, Kitchen, Storage Room, Utility Room
  • Stories: 2
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Sprinkler System
  • Construction Type: Plaster, Shingle Siding, Vinyl Siding
  • Exterior Features: Sprinkler/Irrigation, Paved Driveway

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14810.0
  • Parcel #: 15CHESTNUTSTWEST
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 1800.0

Tax Info

  • Tax Annual Amount: 3750.0
  • Tax Lot: 18
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2023
Closed on
Feb 24, 2023
Sold by
Weber Shane E and Rivera Yamixa B
Bought by
Grasso Karla and Grasso Leonard F
Seller's Agent
Sandy Bliven
RE/MAX South County
Buyer's Agent
David Cappucci
KEY Real Estate Services
List Price
$430,000
Sold Price
$385,000
Premium/Discount to List
-$45,000
-10.47%
Views
2
Current Estimated Value
$565,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,724
Avg. Annual Appreciation
11.19%
Original Mortgage
$288,750
Outstanding Balance
$281,561
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$225,219

Purchase Details

Listed on
Jul 21, 2014
Closed on
Nov 25, 2015
Sold by
Cooper Ft and Cooper James F
Bought by
Weber Shane E and Bonilla-Rivera Yamixa
Seller's Agent
Margaret Alden
Weichert Realtors-Cress & Co.
Buyer's Agent
Kimber Kettlety
Coldwell Banker Coastal Homes
List Price
$275,000
Sold Price
$226,800
Premium/Discount to List
-$48,200
-17.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Original Mortgage
$222,679
Interest Rate
3.87%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Grasso Karla $385,000 None Available
Weber Shane E $226,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grasso Karla $288,750
Previous Owner Weber Shane E $222,679
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2023 02/24/23 Sold $385,000 -10.5% $143 / Sq Ft
02/01/2023 02/01/23 Pending -- -- --
01/02/2023 01/02/23 For Sale $430,000 +89.6% $159 / Sq Ft
12/01/2015 12/01/15 Sold $226,800 -17.5% $76 / Sq Ft
11/01/2015 11/01/15 Pending -- -- --
07/21/2014 07/21/14 For Sale $275,000 0.0% $92 / Sq Ft
11/16/2013 11/16/13 Rented $850 -5.6% --
10/17/2013 10/17/13 Under Contract -- -- --
10/10/2013 10/10/13 For Rent $900 -- --
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 $3,079 $294,600 $110,800 $183,800
2023 $2,980 $293,300 $110,800 $182,500
2022 $2,962 $293,300 $110,800 $182,500
2021 $3,125 $259,100 $96,700 $162,400
2020 $3,070 $259,100 $96,700 $162,400
2019 $3,042 $259,100 $96,700 $162,400
2018 $2,999 $242,800 $96,700 $146,100
2017 $2,914 $242,800 $96,700 $146,100
2016 $2,914 $242,800 $96,700 $146,100
2015 $3,084 $274,600 $98,600 $176,000
2014 $3,034 $274,600 $98,600 $176,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1327328

State-Wide MLS

APN: WEST-000067-000018