NOT LISTED FOR SALE

42 Pierce St Westerly, RI 02891

Estimated Value: $431,398 - $573,000

8 Beds
3 Baths
5,192 Sq Ft
$96/Sq Ft Est. Value

Last Sold December 02, 2020

Last sale price $325,000 $63 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,033/month

170 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Thermal Windows
  • Golf Course Community
  • Tennis Courts
  • 3-minute walk to Craigs Field Park

About This Home

As of December 2020

This three family home is conveniently located in the historic north end of Westerly. Separate entrances and additional basement storage. Plenty of on-site and street parking. The second floor features a closed in porch. Strong rental history. City water, sewer, and gas. Separate meters! Low maintenance! Fresh paint! Updated electric! This is a great investment opportunity to offset a mortgage payment and/or realize immediate rental income. FHA approved!

Last Agent to Sell the Property

Dylan Ferdinand

EXPERIENCE Real Estate License #REB.0018988 Listed on: 05/15/2020

Last Buyer's Agent

Thomas Pisano

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,572

Year Built

  • Built in 1920

Lot Details

  • 0.35

Home Design

  • Aluminum Siding
  • Plaster

Interior Spaces

  • 5,192 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Storage Room
  • Laundry in unit
  • Utility Room

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Screened Patio
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 0.35 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 91 A
  • Assessor Parcel Number 42PIERCESTWEST

Community Details

Overview

  • 3 Units
  • Westerly Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,572

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.35
  • Subdivision Name: Westerly
  • Above Grade Finished Sq Ft: 5192.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Refrigerator
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl
  • Interior Amenities: Tub Shower, Cable TV
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Aluminum Siding
  • Exterior Features: Porch, Patio, Paved Driveway
  • Patio And Porch Features: Patio, Porch, Screened

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15148.0
  • Parcel #: 42PIERCESTWEST
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2572.0
  • Tax Block: N/A
  • Tax Lot: 91 A
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Nov 17, 2020
Sold by
42 Pierce Llc
Bought by
Johnson Philip
Seller's Agent
Dylan Ferdinand
EXPERIENCE Real Estate
Buyer's Agent
Thomas Pisano
List Price
$325,000
Sold Price
$325,000
Total Days on Market
170
Current Estimated Value
$495,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,850
Avg. Annual Appreciation
7.60%
Original Mortgage
$243,750
Outstanding Balance
$221,794
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$230,813

Purchase Details

Listed on
Mar 20, 2019
Closed on
May 13, 2019
Sold by
Hall Roger M and Hall Ida L
Bought by
42 Pierce Llc
Seller's Agent
Kelly Vocatura
EXPERIENCE Real Estate
Buyer's Agent
Dylan Ferdinand
EXPERIENCE Real Estate
List Price
$274,900
Sold Price
$259,000
Premium/Discount to List
-$15,900
-5.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.99%
Original Mortgage
$194,250
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2017
Sold by
Hall Roger L
Bought by
Hall Roger M and Hall Ida L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.88%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 7, 1999
Sold by
Vocatura John F and Scroggins Carmella M
Bought by
Hall Roger L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,450
Interest Rate
6.8%
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
Johnson Philip $325,000 None Available
42 Pierce Llc $259,000 --
Hall Roger M $200,000 --
Hall Roger L $77,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Philip $243,750
Previous Owner 42 Pierce Llc $194,250
Previous Owner Hall Roger M $200,000
Previous Owner Hall Roger L $90,000
Previous Owner Hall Roger L $74,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2020 12/02/20 Sold $325,000 0.0% $63 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $325,000 +25.5% $63 / Sq Ft
05/23/2019 05/23/19 Sold $259,000 -5.8% $50 / Sq Ft
04/23/2019 04/23/19 Pending -- -- --
03/20/2019 03/20/19 For Sale $274,900 -- $53 / 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 $3,114 $298,000 $60,300 $237,700
2023 $3,028 $298,000 $60,300 $237,700
2022 $3,010 $298,000 $60,300 $237,700
2021 $3,470 $287,700 $52,600 $235,100
2020 $2,596 $219,100 $52,600 $166,500
2019 $2,572 $219,100 $52,600 $166,500
2018 $2,438 $197,400 $52,600 $144,800
2017 $2,369 $197,400 $52,600 $144,800
2016 $2,369 $197,400 $52,600 $144,800
2015 $2,382 $212,100 $63,300 $148,800
2014 $2,344 $212,100 $63,300 $148,800
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Dylan Ferdinand

    EXPERIENCE Real Estate

    (401) 330-0600

    Section Image

  • T

    Buyer's Agent in 2020

    Thomas Pisano

  • Kelly Vocatura

    Seller's Agent in 2019

    Kelly Vocatura

    EXPERIENCE Real Estate

    Section Image

  • A

    Seller Co-Listing Agent in 2019

    Audrey Scott

    EXPERIENCE Real Estate

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1253651

State-Wide MLS

APN: WEST-000046-000091A

Rhode Island Washington County Westerly 02891

42 Pierce St, Westerly, RI

This home is located at 42 Pierce St, Westerly, RI 02891 since 15 May 2020 and is currently estimated at $495,850, approximately $95 per square foot. This property was built in 1920. 42 Pierce St is a home located in Washington County with nearby schools including Westerly High School and St. Michael School.

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