NOT LISTED FOR SALE

40 School St Westerly, RI 02891

Estimated Value: $554,000 - $613,000

6 Beds
3 Baths
4,204 Sq Ft
$138/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $426,000 $101 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,350/month

15 Days on Market

Highlights

  • Marina
  • Deck
  • Tennis Courts
  • Golf Course Community
  • Wood Flooring
  • Window Unit Cooling System

About This Home

As of December 2021

Great multi-family close to downtown Westerly. Close to local restaurants, boutique shops, Wilcox Park and more.

Last Agent to Sell the Property

Robert Richins

Mott & Chace Sotheby's Intl. License #RES.0029703 Listed on: 11/01/2021

Mott & Chace Sotheby's Intl.

Last Buyer's Agent

Renee McCammon

BHHS New England Properties License #RES.0042645

BHHS New England Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,265

Year Built

  • Built in 1890

Lot Details

  • 0.32

Home Design

  • Fixer Upper
  • Block Foundation
  • Stone Foundation
  • Wood Siding
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 4,204 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry Room
  • Utility Room
  • Storm Doors

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Window Unit Cooling System
  • Zoned Heating
  • Heating System Uses Oil
  • Hot Water Heating System
  • 100 Amp Service

Additional Features

  • Deck
  • 0.32 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 62
  • Assessor Parcel Number 40SCHOOLSTWEST

Community Details

Overview

  • 3 Units
  • Downtown Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,265

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.32
  • Subdivision Name: Downtown
  • Above Grade Finished Sq Ft: 4204.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1890
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
  • Owner Pays: Hot Water
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Tub Shower
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Vinyl Siding, Wood Siding
  • Exterior Features: Deck, Paved Driveway
  • Foundation Details: Block, Stone
  • Patio And Porch Features: Deck
  • Property Condition: Fixer

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Hot Water, Oil, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13940.0
  • Parcel #: 40SCHOOLSTWEST
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3265.0
  • Tax Lot: 62
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2021
Closed on
Dec 17, 2021
Sold by
Lopriore Ralph E and Lopriore Henrietta E
Bought by
Wolf Garrett
Seller's Agent
Robert Richins
Mott & Chace Sotheby's Intl.
Buyer's Agent
Renee McCammon
BHHS New England Properties
List Price
$375,000
Sold Price
$426,000
Premium/Discount to List
$51,000
13.6%
Current Estimated Value
$578,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,966
Avg. Annual Appreciation
8.25%
Original Mortgage
$418,284
Outstanding Balance
$384,608
Interest Rate
3.09%
Mortgage Type
FHA
Estimated Equity
$194,358

Purchase Details

Closed on
Jan 30, 1963
Bought by
Lopriore Ralph E and Lopriore Henrietta E
Source: Public Records

Range of Values:

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Average Value
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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
Wolf Garrett $426,000 None Available
Lopriore Ralph E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolf Garrett $418,284
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2021 12/17/21 Sold $426,000 +13.6% $101 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/01/2021 11/01/21 For Sale $375,000 -- $89 / 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 $3,571 $459,000 $154,000 $305,000
2024 $3,476 $332,600 $110,600 $222,000
2023 $3,379 $332,600 $110,600 $222,000
2022 $3,359 $332,600 $110,600 $222,000
2021 $3,265 $270,700 $96,500 $174,200
2020 $3,208 $270,700 $96,500 $174,200
2019 $3,178 $270,700 $96,500 $174,200
2018 $3,046 $246,600 $96,500 $150,100
2017 $2,959 $246,600 $96,500 $150,100
2016 $2,959 $246,600 $96,500 $150,100
2015 $2,837 $252,600 $98,400 $154,200
2014 $2,791 $252,600 $98,400 $154,200
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Robert Richins

    Mott & Chace Sotheby's Intl.

    (401) 322-9299

    1 in this area

    2 Total Sales

    Robert Richins
    Section Image
  • Renee McCammon

    Buyer's Agent in 2021

    Renee McCammon

    BHHS New England Properties

    (860) 705-8084

    7 in this area

    158 Total Sales

    Renee McCammon
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1297136

State-Wide MLS

APN: WEST-000067-000062

Rhode Island Washington County Westerly 02891

40 School St, Westerly, RI

Not Listed for Sale

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