$530,000
SOLD APR 11, 2025

2 Elm St Westerly, RI 02891

4 Beds
1.5 Baths
3,341 Sq Ft
0.46 Acres

Recently Sold

$159 Per Sq Ft

23% Below List Price

38 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Storage Room
  • Colonial Architecture
  • 2 Fireplaces
  • 1-minute walk to Wilcox Park

About This Home

As of April 2025

Own a Piece of History at 2 Elm Street!
Looking for the perfect blend of residential comfort and prime commercial potential? Your search ends here! This stunning four-bedroom home/commercial property at 2 Elm Street in the heart of Westerly, Rhode Island, offers a unique opportunity for both homeowners and entrepreneurs.
Nestled directly across from the picturesque Wilcox Park, this property enjoys an unbeatable downtown location and is located in the
Federal Opportunity Zone.

Last Agent to Sell the Property

Chris Randall

Mott & Chace Sotheby's Intl. License #RES.0033804 Listed on: 02/07/2025

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Kurt Potter

RE/MAX Right Choice License #REB.0017188

RE/MAX Right Choice

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,277

Year Built

  • Built in 1860

Parking

  • No Garage

Home Design

  • Colonial Architecture
  • Combination Foundation
  • Wood Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 3,341 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Stone Fireplace
  • Fireplace Features Masonry
  • Storage Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Unfinished Basement

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

Utilities

  • Central Air
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Uses Steam
  • 200+ Amp Service
  • Water Heater

Additional Features

  • 0.46 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 79
  • Assessor Parcel Number 2ELMSTWEST

Community Details

Recreation

  • Marina

Additional Features

  • Wilcox Park Subdivision
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,277

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.46
  • Subdivision Name: Wilcox Park
  • Above Grade Finished Sq Ft: 3341.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1860
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Masonry, Stone
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood
  • Living Area: 3341.0
  • Dining Room Type: Storage Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Clapboard, Wood Siding
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Oil, Steam
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 20038.0
  • Parcel #: 2ELMSTWEST
  • Zoning: P
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5277.0
  • Tax Lot: 79
  • Tax Map Number: 66
  • Tax Year: 2024

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $100,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 Sold $530,000 -22.6% $159 / Sq Ft
03/17/2025 03/17/25 Pending -- -- --
02/07/2025 02/07/25 For Sale $685,000 -- $205 / 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 $5,277 $505,000 $156,900 $348,100
2023 $5,131 $505,000 $156,900 $348,100
2022 $5,101 $505,000 $156,900 $348,100
2021 $4,572 $379,100 $136,600 $242,500
2020 $4,492 $379,100 $136,600 $242,500
2019 $4,481 $381,700 $139,200 $242,500
2018 $4,504 $364,700 $139,200 $225,500
2017 $4,376 $364,700 $139,200 $225,500
2016 $4,376 $364,700 $139,200 $225,500
2015 $4,385 $390,500 $148,500 $242,000
2014 $4,315 $390,500 $148,500 $242,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1377791

State-Wide MLS

APN: WEST-000066-000079