NOT LISTED FOR SALE

16 West St Westerly, RI 02891

Estimated Value: $578,151 - $663,000

5 Beds
3 Baths
5,618 Sq Ft
$109/Sq Ft Est. Value

Sale Details

Date Sold: May 29, 2020

Last sale price $370,000 $66 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,614 / mo

Highlights

  • Golf Course Community
  • 2 Car Detached Garage
  • Shops
  • Wood Flooring
  • Porch
  • Baseboard Heating

About This Home

As of May 2020

ENTERED FOR STATISTICAL PURPOSES ONLY ************* The first & second floor have two bedrooms (1307 SF and 1060 SF), large kitchen, pantry, dining room. living room and bathroom, hardwood floors and laminate, needs TLC.  Third floor is an attic apartment, recently rented, two bedrooms, living room, kitchen and bathroom. The attic the ceiling in the living room has the roof line.  There is also a really nice big garage used for rental income, boat or car storage (768 SF). All apartments have separate utilities. Located on a nice size lot .23 acre.   Roof unknown, peeling paint, asbestos in basement, have quote. Note: ROI with increased rents and updated is about 10.0% rate of return on equity.  Great owner occupied or investment.   Turn of the century 3 family. Each unit has 2 bedrooms. Tenant pays heat and electric. Beautiful hardwoods need buffing, moldings, casements, built-ins, and pocket doors.  This is an Old Westerly Classic! Selling "as is" must have conventional loan or cash. THIS THIS PROPERTY IS IN THE RHODE ISLAND OPPORTUNITY ZONE FOR POTENTIAL CAPITAL GAINS DEFERRAL.

Last Agent to Sell the Property

Liz Andersen Warner

RE/MAX South County License #RES.0041331 Listed on: 05/29/2020

RE/MAX South County

Last Buyer's Agent

Kelli Andrews

RE/MAX South County License #RES.0040458

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,561

Year Built

  • Built in 1900

Lot Details

  • 9,920

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,618 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Utilities

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

Additional Features

  • Porch
  • 9,920 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 16WESTSTWEST

Community Details

Overview

  • 4 Units
  • Downtown Westerly And High St. Subdivision

Recreation

  • Golf Course Community

Additional Features

  • Shops
  • Operating Expense $4,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,561

Year Built

Built in 1900

Lot Details

9,920 Sq Ft Lot

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Subdivision Name: Downtown Westerly and High St.
  • Above Grade Finished Sq Ft: 5618.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Oil, Steam
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Schools, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9920.0
  • Parcel #: 16WESTSTWEST
  • ResoLotSizeUnits: SquareFeet

Multi Family

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

Tax Info

  • Tax Annual Amount: 3561.0
  • Tax Lot: 29
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2020
Sold by
Lemoi Eric J and Irving Kyle R
Bought by
Par Investment Group Llc
Current Estimated Value
$611,288

Purchase Details

Listed on
May 29, 2020
Closed on
May 26, 2020
Sold by
Miceli Salvatore and Miceli Mae A
Bought by
Lemoi Eric J and Irving Kyle R
Seller's Agent
Liz Andersen Warner
RE/MAX South County
Buyer's Agent
Kelli Andrews
RE/MAX South County
List Price
$370,000
Sold Price
$370,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.80%
Original Mortgage
$277,500
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 15, 2019
Closed on
Nov 15, 2019
Sold by
Delicato Gene F Est
Bought by
Miceli Salvatore D and Miceli Mae A
Seller's Agent
Sandy Bliven
RE/MAX South County
Buyer's Agent
Liz Andersen Warner
RE/MAX South County
List Price
$329,900
Sold Price
$300,000
Premium/Discount to List
-$29,900
-9.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.46%
Original Mortgage
$270,000
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Par Investment Group Llc -- None Available
Lemoi Eric J $370,000 None Available
Miceli Salvatore D $300,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Lemoi Eric J $277,500
Previous Owner Miceli Salvatore D $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/29/2020 05/29/20 Sold $370,000 0.0% $66 / Sq Ft
05/29/2020 05/29/20 For Sale $370,000 0.0% $66 / Sq Ft
01/24/2020 01/24/20 Rented $1,100 -20.0% --
01/01/2020 01/01/20 For Rent $1,375 +5.8% --
01/01/2020 01/01/20 Rented $1,300 +8.3% --
12/25/2019 12/25/19 Under Contract -- -- --
12/14/2019 12/14/19 For Rent $1,200 0.0% --
11/15/2019 11/15/19 Sold $300,000 -9.1% $53 / Sq Ft View Prior Sale
10/16/2019 10/16/19 Pending -- -- --
10/15/2019 10/15/19 For Sale $329,900 -- $59 / Sq Ft
Source: State-Wide MLS

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 $4,242 $545,200 $145,200 $400,000
2024 $3,898 $373,000 $104,000 $269,000
2023 $3,790 $373,000 $104,000 $269,000
2022 $3,767 $373,000 $104,000 $269,000
2021 $3,658 $303,300 $90,600 $212,700
2020 $3,594 $303,300 $90,600 $212,700
2019 $3,561 $303,300 $90,600 $212,700
2018 $3,326 $269,300 $90,600 $178,700
2017 $3,232 $269,300 $90,600 $178,700
2016 $3,232 $269,300 $90,600 $178,700
2015 $3,042 $270,900 $87,600 $183,300
2014 $2,634 $270,900 $87,600 $183,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1254442

State-Wide MLS

APN: WEST-000047-000029

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