NOT LISTED FOR SALE

38 Granite St Westerly, RI 02891

Estimated Value: $532,000 - $610,000

6 Beds
3 Baths
2,480 Sq Ft
$234/Sq Ft Est. Value

Last Sold December 04, 2017

Last sale price $278,250 $112 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $3,381/month

8 Days on Market

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • 4-minute walk to Wilcox Park
  • 2 Car Detached Garage

About This Home

As of December 2017

LARGE 3 FAMILY ON WESTERLY, PAWCATUCK LINE. WELL PRESERVED CHARACTER WITH BEAUTIFUL HARD WOOD FLOORING. UNITS 2 AND 3 HAVE NEWER FEATURES, BUT FINISHES STILL NEEDED. EACH UNIT EQUIPPED WITH SPACIOUS KITCHEN THAT HAS PLENTY OF CABINET AND COUNTER TOP SPACE. LARGE REAR YARD THAT WILL BE GREAT FOR ENTERTAINING, YARD INCLUDES TWO LARGE FISH PONDS BEHIND 2 CAR GARAGE. GREAT LOCATION. GREAT INVESTMENT OPPORTUNITY. HUD Home. Sold "AS IS" by electronic bid only. Property available 10-25-17. Bids due by 10-29-17 11:59 PM Central Time then daily until sold. FHA Case #451-097989. Uninsured. Eligible for FHA 203K. Buyer to verify all info. Finance Terms: FHA, Conventional. Equal Housing Opportunity.

Last Agent to Sell the Property

James Macchio

Agnelli Real Estate License #REB.0018317 Listed on: 10/26/2017

Last Buyer's Agent

Michael Himmel

Mott & Chace Sotheby's Intl. License #REB.0018957

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,878

Year Built

  • Built in 1900

Lot Details

  • 2,272 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Shingle Siding

Interior Spaces

  • 2,480 Sq Ft Home
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Steam
  • Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 17832
  • Assessor Parcel Number 38GRANITESTWEST

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,878

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.05
  • Above Grade Finished Sq Ft: 2480.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1900
  • Special Features: 5120
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Hardwood
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Construction Type: Shingle Siding

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 7.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Oil, Steam
  • Heating Yn: Yes
  • Electric: Circuit Breakers, Fuses
  • Electricity On Property: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2272.0
  • Parcel #: 38GRANITESTWEST
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2878.0
  • Tax Lot: 17832
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2017
Closed on
Dec 1, 2017
Sold by
Securty First Mtg Fndg
Bought by
Meleney Casey
Seller's Agent
James Macchio
Agnelli Real Estate
Buyer's Agent
Michael Himmel
Mott & Chace Sotheby's Intl.
List Price
$200,000
Sold Price
$278,250
Premium/Discount to List
$78,250
39.12%
Current Estimated Value
$581,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,750
Avg. Annual Appreciation
9.53%
Original Mortgage
$233,250
Outstanding Balance
$195,607
Interest Rate
3.88%
Mortgage Type
Unknown
Estimated Equity
$385,393

Purchase Details

Closed on
Sep 18, 2017
Sold by
Flagstar Bank
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
Oct 17, 2014
Sold by
Regnaiere Linda
Bought by
Flagstar Bank

Purchase Details

Closed on
Jul 8, 2013
Sold by
Regnaiere Linda
Bought by
Flagstar Bank Fsb

Purchase Details

Closed on
Dec 18, 2007
Sold by
Caqarin Andrew
Bought by
Ragnaiera Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,893
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
Meleney Casey $278,250 --
Department Of Housing & Urban Dev -- --
Flagstar Bank $304,981 --
Flagstar Bank Fsb $279,192 --
Ragnaiera Linda $23,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meleney Casey $233,250
Previous Owner Ragnaiera Linda $235,246
Previous Owner Ragnaiera Linda $178,893
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2017 12/04/17 Sold $278,250 +39.1% $112 / Sq Ft
11/04/2017 11/04/17 Pending -- -- --
10/26/2017 10/26/17 For Sale $200,000 -- $81 / 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 $4,120 $529,600 $157,200 $372,400
2024 $3,976 $380,500 $112,300 $268,200
2023 $3,866 $380,500 $112,300 $268,200
2022 $3,843 $380,500 $112,300 $268,200
2021 $3,926 $325,500 $97,700 $227,800
2020 $2,826 $238,500 $97,700 $140,800
2019 $2,800 $238,500 $97,700 $140,800
2018 $2,962 $239,800 $97,700 $142,100
2017 $2,878 $239,800 $97,700 $142,100
2016 $2,878 $239,800 $97,700 $142,100
2015 $2,758 $245,600 $99,700 $145,900
2014 $2,714 $245,600 $99,700 $145,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1176564

State-Wide MLS

APN: WEST-000057-000121