L
Seller's Agent in 2025
Lisa Raiche
Town & Shore Realty
(401) 207-6621
13 in this area
17 Total Sales
156 High St Westerly, RI 02891
8
Beds
3
Baths
5,485
Sq Ft
0.3
Acres
Highlights
- Golf Course Community
- Attic
- Window Unit Cooling System
- Water Access
- Recreation Facilities
- 2-minute walk to Craigs Field Park
About This Home
As of May 2025Welcome to 156 High Street, an outstanding three-family investment property in the heart of historic downtown Westerly! This turnkey asset is perfectly situated within walking distance of restaurants, shops, Amtrak, and Wilcox Park, offering an unbeatable blend of convenience and charm. The property features eight generously sized bedrooms across three units three-bedroom units on both the first and second floors, and a two-bedroom unit on the third floor, where the tenant is scheduled to vacate, creating an excellent opportunity for repositioning, enhanced rental income, or owner occupancy! Currently generating approximately $63K in gross annual income with minimal expenses, this property has significant room for growth. Also, the property also boasts a newer roof just over 11 years old as well as all major components in excellent condition! Additional highlights include a large driveway with ample parking for up to ten vehicles, ensuring parking is never an issue.
Last Agent to Sell the Property
Town & Shore Realty License #RES.0044708 Listed on: 04/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,449
Year Built
- Built in 1900
Home Design
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 5,485 Sq Ft Home
- 4-Story Property
- Laminate Flooring
- Laundry in unit
- Attic
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 10 Parking Spaces
- No Garage
- Driveway
Utilities
- Window Unit Cooling System
- Zoned Heating
- Heating System Uses Gas
- Baseboard Heating
- 200+ Amp Service
- Gas Water Heater
Additional Features
- Water Access
- 0.3 Acre Lot
- Property near a hospital
Listing and Financial Details
- Tenant pays for hot water
- Assessor Parcel Number 156HIGHSTWEST
Community Details
Overview
- 3 Units
- North End Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Golf Course Community
- Recreation Facilities
Building Details
- Operating Expense $5,686
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 5, 2025
Closed on
May 2, 2025
Sold by
Sheibar Michael S
Bought by
Michael & M Sheibar Lt and Sheibar
Seller's Agent
Lisa Raiche
Town & Shore Realty
Buyer's Agent
Sheil Readyhough Team
Serhant Rhode Island
List Price
$699,900
Sold Price
$735,000
Premium/Discount to List
$35,100
5.02%
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,578
Avg. Annual Appreciation
-1.16%
Original Mortgage
$551,250
Outstanding Balance
$549,427
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$181,995
Purchase Details
Listed on
Feb 9, 2012
Closed on
Apr 11, 2012
Sold by
Holt Sue-Ann M and Mello Paula J
Bought by
Magliari Saverio
Seller's Agent
Denise Fusaro
BHHS New England Properties
Buyer's Agent
Ben Faubert
Onshore Realtors
List Price
$265,000
Sold Price
$247,000
Premium/Discount to List
-$18,000
-6.79%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.70%
Original Mortgage
$240,738
Interest Rate
3.91%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $735,000 | None Available | |
| Warranty Deed | $735,000 | None Available | |
| Warranty Deed | $247,000 | -- | |
| Warranty Deed | $247,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $551,250 | Purchase Money Mortgage | |
| Closed | $551,250 | Purchase Money Mortgage | |
| Previous Owner | $228,000 | No Value Available | |
| Previous Owner | $240,738 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | Sold | $735,000 | +5.0% | $134 / Sq Ft |
| 04/18/2025 04/18/25 | Pending | -- | -- | -- |
| 04/05/2025 04/05/25 | For Sale | $699,900 | +183.4% | $128 / Sq Ft |
| 04/11/2012 04/11/12 | Sold | $247,000 | -6.8% | $79 / Sq Ft |
| 03/12/2012 03/12/12 | Pending | -- | -- | -- |
| 02/09/2012 02/09/12 | For Sale | $265,000 | -- | $84 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $3,450 | $330,100 | $104,800 | $225,300 |
| 2023 | $3,354 | $330,100 | $104,800 | $225,300 |
| 2022 | $3,334 | $330,100 | $104,800 | $225,300 |
| 2021 | $3,245 | $269,100 | $91,400 | $177,700 |
| 2020 | $3,189 | $269,100 | $91,400 | $177,700 |
| 2019 | $3,159 | $269,100 | $91,400 | $177,700 |
| 2018 | $3,038 | $246,000 | $91,400 | $154,600 |
| 2017 | $2,952 | $246,000 | $91,400 | $154,600 |
| 2016 | $2,952 | $246,000 | $91,400 | $154,600 |
| 2015 | $2,775 | $247,100 | $88,300 | $158,800 |
| 2014 | $2,730 | $247,100 | $88,300 | $158,800 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Raiche
-
Sheil Readyhough Team
S
Buyer's Agent in 2025
Sheil Readyhough Team
Serhant Rhode Island
(401) 932-6597
4 in this area
96 Total Sales
-
Denise Fusaro
Seller's Agent in 2012
Denise Fusaro
BHHS New England Properties
(401) 265-9148
25 in this area
64 Total Sales
-
Deb Thomas
Seller Co-Listing Agent in 2012
Deb Thomas
Schilke Realty
(860) 235-9466
42 in this area
64 Total Sales
-
Ben Faubert
Buyer's Agent in 2012
Ben Faubert
Onshore Realtors
(401) 315-2588
105 in this area
113 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1381778
APN: WEST-000047-000066
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