$525,000
SOLD SEP 27, 2019

49 Elm St Westerly, RI 02891

3 Beds
3.5 Baths
6,082 Sq Ft
0.29 Acres

Recently Sold

$86 Per Sq Ft

5% Above List Price

73 Days on Market

Highlights

  • Marina
  • 2 Fireplaces
  • 2 Car Detached Garage
  • Wood Flooring
  • Recreation Facilities
  • Bathtub with Shower

About This Home

As of September 2019

Gorgeous 3-Family home on picturesque Elm Street in Westerly. This glorious home exudes curb appeal with a gracious and welcoming front porch. Original dentil moulding, raised wood paneling and original staircase mark the era of this period home. Nicely updated first floor unit offers renovated kitchen with marble back splash and stainless steel appliances. Impressive master bedroom with large walk in closet, step-in shower and separate soaking tub. Living room offers oak wood flooring with inlay and working fireplace. Private outdoor patio and huge garage with potential for workshop with storage, loft space above. 1st floor is perfect for owner occupant. 2nd floor has similar layout to 1st floor and currently has a lease. 1st and 2nd floor have oil heat, 3rd floor has gas. all separate heating systems. 3 separate electric panels, 3 separate hot water heaters. Private side patio looks onto lovely courtyard space. Walk to downtown Westerly and Wilcox Park. Minutes to Watch Hill beaches 20 min to Mystic, CT. Estate Sale

Last Agent to Sell the Property

Holly Powell

BHHS New England Properties License #RES.0033778 Listed on: 06/15/2019

BHHS New England Properties

Last Buyer's Agent

Holly Powell

BHHS New England Properties License #RES.0033778 Listed on: 06/15/2019

BHHS New England Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,025

Year Built

  • Built in 1880

Parking

  • 2 Car Detached Garage

Home Design

  • Stone Foundation
  • Aluminum Siding
  • Plaster

Interior Spaces

  • 6,082 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Laundry in unit

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Uses Steam
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • 0.29 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 49ELMSTWEST

Community Details

Overview

  • 4 Units
  • Downtown Westerly Subdivision

Amenities

  • Shops

Recreation

  • Marina
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,025

Year Built

Built in 1880

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.29
  • Subdivision Name: Downtown Westerly
  • Above Grade Finished Sq Ft: 6082.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1880
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Aluminum Siding
  • Foundation Details: Stone

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Oil, Steam
  • 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: Marina, Near Hospital, Near Schools, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12534.0
  • Parcel #: 49ELMSTWEST
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5025.0
  • Tax Lot: 101
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2019
Closed on
Sep 18, 2019
Sold by
Obrien Luzzi C A Est
Bought by
Sullivan Paul V and Sullivan Amy J
Seller's Agent
Holly Powell
BHHS New England Properties
Buyer's Agent
Holly Powell
BHHS New England Properties
List Price
$499,000
Sold Price
$525,000
Premium/Discount to List
$26,000
5.21%
Current Estimated Value
$714,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,000
Avg. Annual Appreciation
1.50%
Original Mortgage
$375,000
Outstanding Balance
$331,327
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$242,067

Purchase Details

Closed on
May 7, 1996
Sold by
Klymenko Tr Victor
Bought by
Luzzi Louis J and Luzzi Cynthia
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 Type Sale Price Title Company
Executors Deed $262,500 --
Executors Deed $262,500 --
Warranty Deed $165,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $215,000 Stand Alone Refi Refinance Of Original Loan
Open $375,000 Purchase Money Mortgage
Previous Owner $200,000 No Value Available
Previous Owner $75,000 No Value Available
Previous Owner $75,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2022 07/31/22 Rented $2,200 0.0% --
07/11/2022 07/11/22 Price Changed $2,200 -8.3% $2 / Sq Ft
07/05/2022 07/05/22 For Rent $2,400 0.0% --
09/27/2019 09/27/19 Sold $525,000 +5.2% $86 / Sq Ft
08/28/2019 08/28/19 Pending -- -- --
06/15/2019 06/15/19 For Sale $499,000 -- $82 / 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 $5,587 $534,600 $172,800 $361,800
2023 $5,432 $534,600 $172,800 $361,800
2022 $5,399 $534,600 $172,800 $361,800
2021 $5,493 $455,500 $150,600 $304,900
2020 $5,398 $455,500 $150,600 $304,900
2019 $5,324 $453,500 $150,600 $302,900
2018 $5,025 $406,900 $150,600 $256,300
2017 $4,883 $406,900 $150,600 $256,300
2016 $4,883 $406,900 $150,600 $256,300
2015 $4,754 $423,300 $153,600 $269,700
2014 $4,677 $423,300 $153,600 $269,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1226854

State-Wide MLS

APN: WEST-000076-000101