NOT LISTED FOR SALE

28 Spring St Westerly, RI 02891

Estimated Value: $479,093 - $571,000

5 Beds
2 Baths
4,760 Sq Ft
$110/Sq Ft Est. Value

Last Sold July 17, 2019

Last sale price $297,500 $62 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,213/month

31 Days on Market

Highlights

  • Golf Course Community
  • Corner Lot
  • Shops
  • Wood Flooring
  • Recreation Facilities
  • Property near a hospital

About This Home

As of July 2019

Perched on a hill overlooking a quintessential neighborhood in the heart of Westerly, this unique 2 family home presents a great opportunity for investment or owner occupant. The first floor offers 2 bedrooms, 1 full bath, dining room and living room. Directly off the kitchen is a wraparound deck with granite steps providing a great outdoor space for entertaining. There is a sunroom off the living room where you can enjoy a cup of coffee or a quiet read with a good book. The sunroom opens onto a covered porch providing another space to enjoy the outdoors. The second floor features an eat in kitchen, 3 bedrooms and a full bath. Hardwood floors throughout, town water/sewer and gas heat add to this home's amenities. Take advantage of being within walking distance to historic Westerly and the many activities it has to offer - a stroll in Wilcox Park, a performance at Granite Theatre or United Theatre, a meal at one of the restaurants downtown, shopping and more. This location offers something for everyone.

Last Agent to Sell the Property

Andy Schilke

Schilke Realty License #REC.0018142 Listed on: 05/16/2019

Last Buyer's Agent

Andy Schilke

Schilke Realty License #REC.0018142 Listed on: 05/16/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,403

Year Built

  • Built in 1920

Lot Details

  • 9,920 Sq Ft Lot
  • Corner Lot

Home Design

  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 4,760 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished 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
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 48
  • Assessor Parcel Number 28SPRINGSTWEST

Community Details

Recreation

  • Golf Course Community
  • Recreation Facilities

Additional Features

  • 4 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,403

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Above Grade Finished Sq Ft: 4760.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Plaster, Clapboard
  • Foundation Details: Concrete Perimeter

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Fuses
  • Electricity On Property: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Near Hospital, Near Schools, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9920.0
  • Parcel #: 28SPRINGSTWEST
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3403.0
  • Tax Lot: 48
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2019
Closed on
Jul 17, 2019
Sold by
Higgins Blanche
Bought by
Robinson Joshua V and Robinson Kylee N
Seller's Agent
Andy Schilke
Schilke Realty
Buyer's Agent
Andy Schilke
Schilke Realty
List Price
$295,000
Sold Price
$297,500
Premium/Discount to List
$2,500
0.85%
Total Days on Market
31
Current Estimated Value
$523,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,273
Avg. Annual Appreciation
9.52%
Original Mortgage
$292,111
Interest Rate
3.82%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 27, 1989
Sold by
Bacchiocchi Corinne
Bought by
Higgins Blanche

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
10.9%
Source: Public Records

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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

Purchase History

Date Buyer Sale Price Title Company
Robinson Joshua V $297,500 --
Higgins Blanche $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robinson Kylee N $294,500
Closed Robinson Joshua V $292,111
Previous Owner Higgins Blanche $50,000
Previous Owner Higgins Blanche $140,000
Previous Owner Higgins Blanche $103,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2019 07/17/19 Sold $297,500 +0.8% $63 / Sq Ft
06/17/2019 06/17/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $295,000 -- $62 / 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 $3,413 $326,600 $98,700 $227,900
2023 $3,318 $326,600 $98,700 $227,900
2022 $3,299 $326,600 $98,700 $227,900
2021 $3,339 $276,900 $86,000 $190,900
2020 $3,281 $276,900 $86,000 $190,900
2019 $3,251 $276,900 $86,000 $190,900
2018 $3,046 $246,600 $86,000 $160,600
2017 $2,959 $246,600 $86,000 $160,600
2016 $2,959 $246,600 $86,000 $160,600
2015 $2,837 $252,600 $87,700 $164,900
2014 $2,791 $252,600 $87,700 $164,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1222516

State-Wide MLS

APN: WEST-000077-000048