2 Elm St Westerly, RI 02891
Westerly AreaEstimated payment $5,188/month
Highlights
- Marina
- Wood Flooring
- Walking Distance to Water
- Colonial Architecture
- 2 Fireplaces
- 1-minute walk to Wilcox Park
About This Home
THE CROWN JEWEL! 2 Elm Street, Westerly, RI. The most majestic property in Beautiful Downtown Westerly is ready to take on its' next life. Looking down from its' perch at the top of Broad Street, she presides over Town. This will once again be the grand Lady it has been in the past. This opportunity is one of a kind, and can be taken advantage of for a variety of potential usages. A single family residence, a rental property, an Inn, a multi-unit property, or an extension of any high end real estate portfolio. Sitting directly next door to the Granite Theatre, you are a stones throw to gorgeous Wilcox Park, and all that Downtown Westerly has to offer. Fine dining, lively Pubs, and beautiful shops abound. Take a stroll to the river or through the Park. Enjoy mornings with coffee and conversation, and happy hour evenings leading to wonderful dinners downtown. Envision the grand front lawn with a western facing patio, complete with fire pits and gorgeous sitting areas looking over beautiful Downtown Westerly. This restoration is HGTV worthy! The seller is willing to partner with the right group that sees the unreal potential here, or to step aside and allow the next owner to complete their own vision. Public water and sewer are in place, along with natural gas. The lot should be able to sustain an ADU (another 2BR unit) and garage expansion in the rear!! There will never be another 2 Elm Street to duplicate this opportunity for a Downtown HOME or business opportunity!!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,900
Year Built
- Built in 1860
Home Design
- Colonial Architecture
- Combination Foundation
- Stone Foundation
- Clapboard
- Plaster
Interior Spaces
- 3,712 Sq Ft Home
- 3-Story Property
- 2 Fireplaces
- Marble Fireplace
- Storage Room
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- Bathtub with Shower
Parking
- 10 Parking Spaces
- No Garage
Utilities
- No Cooling
- Heating System Uses Gas
- Heating System Uses Oil
- Baseboard Heating
- Heating System Uses Steam
- 100 Amp Service
- Water Heater
Additional Features
- Accessible Approach with Ramp
- Walking Distance to Water
- 20,038 Sq Ft Lot
- Property near a hospital
Listing and Financial Details
- Tax Lot 79
- Assessor Parcel Number 2ELMSTWEST
Community Details
Overview
- Downtown Subdivision
Amenities
- Shops
- Restaurant
Recreation
- Marina
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 | $4,900 | $629,800 | $219,000 | $410,800 |
| 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 |
Property 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 | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/30/2026 06/30/26 | For Sale | $885,000 | +67.0% | $238 / Sq Ft | |
| 04/11/2025 04/11/25 | Sold | $530,000 | -22.6% | $159 / Sq Ft | View Prior Sale |
| 03/17/2025 03/17/25 | Pending | -- | -- | -- | |
| 02/07/2025 02/07/25 | For Sale | $685,000 | -- | $205 / Sq Ft |
Source: State-Wide MLS
MLS Number: 1410935
APN: WEST-000066-000079
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