NOT LISTED FOR SALE

3 Chestnut St Westerly, RI 02891

Estimated Value: $468,562 - $560,000

5 Beds
3 Baths
4,492 Sq Ft
$119/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $344,000 $77 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,064/month

47 Days on Market

Highlights

  • Deck
  • Porch
  • Public Transportation
  • Wood Flooring
  • Bathtub with Shower
  • 5-minute walk to Wilcox Park

About This Home

As of July 2021

Investment opportunity. Three units, fully rented with month to month leases. Perfect location within waking distance to downtown Westerly and Wilcox Park. Please allow notice to show to accommodate tenants.

Last Agent to Sell the Property

Robin Knisley

Mott & Chace Sotheby's Intl. License #REB.0016958 Listed on: 05/12/2021

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Frank Sullivan

CALDWELL REALTY LLC License #RES.0040095

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,018

Year Built

  • Built in 1920

Lot Details

  • 3,920

Home Design

  • Plaster

Interior Spaces

  • 4,492 Sq Ft Home
  • 3-Story Property
  • Utility Room

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 5 Parking Spaces
  • No Garage

Outdoor Features

  • Deck
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 3CHESTNUTSTWEST

Community Details

Overview

  • 3 Units
  • Downtown Subdivision

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,018

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Subdivision Name: Downtown
  • Above Grade Finished Sq Ft: 4492.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Electric Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood
  • Interior Amenities: Tub Shower
  • Dining Room Type: Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster
  • Exterior Features: Deck, Porch
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas, Oil
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Public Transportation, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Parcel #: 3CHESTNUTSTWEST
  • Zoning: 1050
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3018.2
  • Tax Lot: 22
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2021
Closed on
Jul 28, 2021
Sold by
Aztec Prop Llc
Bought by
Arrondo Jacqueline E
Seller's Agent
Robin Knisley
Mott & Chace Sotheby's Intl.
Buyer's Agent
Frank Sullivan
CALDWELL REALTY LLC
List Price
$325,000
Sold Price
$344,000
Premium/Discount to List
$19,000
5.85%
Current Estimated Value
$532,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,891
Avg. Annual Appreciation
10.36%
Original Mortgage
$309,000
Outstanding Balance
$280,196
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$252,695

Purchase Details

Listed on
Sep 27, 2014
Closed on
Nov 16, 2015
Sold by
Oefinger Rory
Bought by
Aztec Properties Llc
Seller's Agent
Sandy Bliven
RE/MAX South County
Buyer's Agent
Robin Knisley
Mott & Chace Sotheby's Intl.
List Price
$289,900
Sold Price
$235,000
Premium/Discount to List
-$54,900
-18.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%

Purchase Details

Closed on
Mar 20, 2009
Sold by
Werner Santa
Bought by
Fhlmc

Purchase Details

Closed on
Jun 5, 2006
Sold by
Luzzi Joseph and Luzzi Maria C
Bought by
Werner Santa

Purchase Details

Closed on
Apr 1, 1997
Sold by
Percy William S and Percy Marilyn
Bought by
Luzzi Joseph

Purchase Details

Closed on
Aug 24, 1993
Sold by
Severini Laura
Bought by
Luzzi Joseph and Luzzi Maria C
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
Arrondo Jacqueline E $344,000 None Available
Arrondo Jacqueline E $344,000 None Available
Arrondo Jacqueline E $344,000 None Available
Aztec Properties Llc $235,000 --
Fhlmc $220,000 --
Fhlmc $220,000 --
Werner Santa $300,000 --
Werner Santa $300,000 --
Luzzi Joseph $85,000 --
Luzzi Joseph $85,000 --
Luzzi Joseph $105,000 --
Luzzi Joseph $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arrondo Jacqueline E $309,000
Closed Arrondo Jacqueline E $309,000
Previous Owner Luzzi Joseph $162,500
Previous Owner Luzzi Joseph $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2021 07/29/21 Sold $344,000 +5.8% $77 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $325,000 +38.3% $72 / Sq Ft
11/16/2015 11/16/15 Sold $235,000 -18.9% $98 / Sq Ft View Prior Sale
10/17/2015 10/17/15 Pending -- -- --
09/27/2014 09/27/14 For Sale $289,900 -- $121 / 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 $3,360 $431,900 $127,800 $304,100
2024 $3,341 $319,700 $91,300 $228,400
2023 $3,248 $319,700 $91,300 $228,400
2022 $3,229 $319,700 $91,300 $228,400
2021 $3,072 $254,700 $79,400 $175,300
2020 $3,018 $254,700 $79,400 $175,300
2019 $2,990 $254,700 $79,400 $175,300
2018 $2,727 $220,800 $79,400 $141,400
2017 $2,650 $220,800 $79,400 $141,400
2016 $2,650 $220,800 $79,400 $141,400
2015 $2,425 $215,900 $81,000 $134,900
2014 $2,386 $215,900 $81,000 $134,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1282299

State-Wide MLS

APN: WEST-000067-000022