NOT LISTED FOR SALE

3 Lorraine Rd Westerly, RI 02891

Estimated Value: $380,018 - $485,000

4 Beds
2 Baths
1,560 Sq Ft
$281/Sq Ft Est. Value

Last Sold December 08, 2017

Last sale price $219,900 $141 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $2,547/month

20 Days on Market

About This Home

As of December 2017

This home is located at 3 Lorraine Rd, Westerly, RI 02891 since 18 October 2017 and is currently estimated at $439,005, approximately $281 per square foot. This property was built in 1990. 3 Lorraine Rd is a home located in Washington County with nearby schools including Westerly High School, North Stonington Christian Academy, and St. Michael School.

Last Agent to Sell the Property

Ben Faubert

Onshore Realtors License #REC.0017150 Listed on: 10/18/2017

Last Buyer's Agent

Kimber Kettlety

Coldwell Banker Coastal Homes License #RES.0022880

Coldwell Banker Coastal Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,515

Year Built

  • Built in 1990

Lot Details

  • 0.67 Acre Lot

Home Design

  • 1,560 Sq Ft Home
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater

Community Details

  • 4 Units
  • Operating Expense $4,000

Listing and Financial Details

  • Tax Lot 106
  • Assessor Parcel Number 3LorraineRDWEST

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,515

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.67
  • Above Grade Finished Sq Ft: 1560.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1990
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 29375.0
  • Parcel #: 3LorraineRDWEST
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 4000.0

Tax Info

  • Tax Annual Amount: 2515.0
  • Tax Lot: 106
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2017
Closed on
Dec 8, 2017
Sold by
Lepikko Lillian M Est
Bought by
Decaro Frank and Dacaro Cheryl A
Seller's Agent
Ben Faubert
Onshore Realtors
Buyer's Agent
Kimber Kettlety
Coldwell Banker Coastal Homes
List Price
$219,900
Sold Price
$219,900
Total Days on Market
20
Current Estimated Value
$439,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,105
Avg. Annual Appreciation
8.63%
Original Mortgage
$164,925
Outstanding Balance
$141,697
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$266,620
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
Decaro Frank $219,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Decaro Frank $164,925
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2017 12/08/17 Sold $219,900 0.0% $141 / Sq Ft
11/08/2017 11/08/17 Pending -- -- --
10/18/2017 10/18/17 For Sale $219,900 -- $141 / 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 $2,606 $249,400 $104,000 $145,400
2023 $2,534 $249,400 $104,000 $145,400
2022 $2,519 $249,400 $104,000 $145,400
2021 $2,570 $213,100 $90,900 $122,200
2020 $2,525 $213,100 $90,900 $122,200
2019 $2,502 $213,100 $90,900 $122,200
2018 $2,589 $209,600 $90,900 $118,700
2017 $2,515 $209,600 $90,900 $118,700
2016 $2,515 $209,600 $90,900 $118,700
2015 $2,326 $207,100 $92,700 $114,400
2014 $2,288 $207,100 $92,700 $114,400
Source: Public Records

Agents Affiliated with this Home

  • Ben Faubert

    Seller's Agent in 2017

    Ben Faubert

    Onshore Realtors

    (401) 315-2588

    108 in this area

    117 Total Sales

    Ben Faubert
    Section Image
  • Kimber Kettlety

    Buyer's Agent in 2017

    Kimber Kettlety

    Coldwell Banker Coastal Homes

    (401) 741-8722

    75 in this area

    162 Total Sales

    Kimber Kettlety
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1176033

State-Wide MLS

APN: WEST-000026-000106

Rhode Island Washington County Westerly 02891

3 Lorraine Rd, Westerly, RI

This home is located at 3 Lorraine Rd, Westerly, RI 02891 since 18 October 2017 and is currently estimated at $439,005, approximately $281 per square foot. This property was built in 1990. 3 Lorraine Rd is a home located in Washington County with nearby schools including Westerly High School, North Stonington Christian Academy, and St. Michael School.

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