NOT LISTED FOR SALE

159 Canal St Westerly, RI 02891

Estimated Value: $449,473

4 Beds
3 Baths
3,252 Sq Ft
$138/Sq Ft Est. Value

Last Sold September 12, 2019

Last sale price $280,000 $86 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,582/month

5 Days on Market

Highlights

  • Marina
  • Attic
  • Bathtub with Shower
  • Golf Course Community
  • Tennis Courts
  • Laundry Room

About This Home

As of September 2019

New duplex on the market! 159 Canal has been maintained well inside and out. One side is currently vacant and the other has a great long term tenant. The first unit (vacant) has 2 bedrooms, 2 full bathrooms, and 2 additional rooms in the fully finished basement. Owner was getting $1400 per month for this side. The second unit (tenant on month to month) has 2 bedrooms, 1 full bathroom, and 1 additional room in the basement. This unit is collecting $950 per month. Both have open kitchen/living room areas, laundry rooms, and walkout basements that lead to a spacious backyard. This property would appeal to first time homebuyers and investors alike. There is nothing to do here, but move you and/or your tenants in. Come to 159 Canal and find your happy space!

Last Agent to Sell the Property

Michaela Lamb

Sold By Michaela LLC License #REC.0018552 Listed on: 08/07/2019

Co-Listed By

Jacob Lamb

Sold By Michaela LLC License #RES.0043194

Last Buyer's Agent

ROBERT LUNNEY

KEY Real Estate Services License #RES.0029331

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,720

Year Built

  • Built in 1977

Lot Details

  • 0.45 Acre Lot
  • Fenced

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,252 Sq Ft Home
  • 1-Story Property
  • Storage Room
  • Laundry Room
  • Utility Room
  • Laminate Flooring
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Partially Finished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Tax Lot 121
  • Assessor Parcel Number 159CANALSTWEST

Community Details

Recreation

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

Additional Features

  • 4 Units
  • Shops
  • Operating Expense $4,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,720

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.45
  • Co List Office Mls Id: SOLD
  • Co List Office Phone: 401-935-3390
  • Above Grade Finished Sq Ft: 3252.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1977
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Attic, Tub Shower
  • Dining Room Type: Bathroom, Bedroom, Laundry, Storage Room, Utility Room
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • 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, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 19602.0
  • Parcel #: 159CANALSTWEST
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 4500.0

Tax Info

  • Tax Annual Amount: 2720.0
  • Tax Lot: 121
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2019
Closed on
Sep 12, 2019
Sold by
Brennan Robert F
Bought by
Vidal Fernando
Seller's Agent
Michaela Lamb
Sold By Michaela LLC
Buyer's Agent
ROBERT LUNNEY
KEY Real Estate Services
List Price
$290,000
Sold Price
$280,000
Premium/Discount to List
-$10,000
-3.45%
Current Estimated Value
$449,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,473
Avg. Annual Appreciation
8.83%

Purchase Details

Closed on
Feb 3, 2005
Sold by
Johnston Chris and Johnston Sandra
Bought by
Paride 3Rd John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 1994
Sold by
Bonfiglio Paul J and Bonfiglio Elizabeth
Bought by
Johnston Chris R and Johnston Sandra
Source: Public Records
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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
Vidal Fernando $280,000 --
Paride 3Rd John $210,000 --
Johnston Chris R $108,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnston Chris R $222,477
Previous Owner Johnston Chris R $227,920
Previous Owner Johnston Chris R $168,000
Previous Owner Johnston Chris R $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2019 09/12/19 Sold $280,000 -3.4% $86 / Sq Ft
08/13/2019 08/13/19 Pending -- -- --
08/07/2019 08/07/19 For Sale $290,000 -- $89 / 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 $3,057 $392,900 $157,700 $235,200
2024 $2,840 $271,800 $113,100 $158,700
2023 $2,761 $271,800 $113,100 $158,700
2022 $2,745 $271,800 $113,100 $158,700
2021 $2,794 $231,700 $98,500 $133,200
2020 $2,746 $231,700 $98,500 $133,200
2019 $2,720 $231,700 $98,500 $133,200
2018 $2,674 $216,500 $98,500 $118,000
2017 $2,598 $216,500 $98,500 $118,000
2016 $2,598 $216,500 $98,500 $118,000
2015 $2,582 $229,900 $100,500 $129,400
2014 $2,540 $229,900 $100,500 $129,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1231363

State-Wide MLS

APN: WEST-000026-000121