NOT LISTED FOR SALE

49 Spring St Westerly, RI 02891

Estimated Value: $577,000 - $661,000

5 Beds
3 Baths
5,082 Sq Ft
$120/Sq Ft Est. Value

Last Sold April 19, 2023

Last sale price $499,000 $98 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,591/month

4 Days on Market

Highlights

  • Deck
  • Skylights
  • Heating System Uses Gas
  • Wood Flooring
  • 1 Car Attached Garage

About This Home

As of April 2023

Welcome to 49 Spring Street, a lovingly cared for home over the years. This is a rare find of a ranch style multi family with 3 units, 2 of which are first floor apartments. Neat and tidy, this property features natural connected gas for heat, beautiful original wood floors and replaced windows bringing in bright light throughout. Each first floor unit has 2 bedrooms and 1 bath with deck access. The fully renovated 3rd unit has 1 bedroom in the lower level with back door access and large windows overlooking yard. An under car garage is accessed from the back next to the unfinished basement space. Each unit is on its' own metered gas and electric. Unit 2 and 3 on month to month lease. All of this in the heart of Westerly. Enjoy relaxing on the expansive deck or strolling the sidewalk lined neighborhood. Walk to breakfast or dinner in downtown. Restaurants, groceries or Wilcox Park a short walk away. Shared driveway. HIGHEST AND BEST OFFERS DUE BY SATURDAY 3/11 AT 7PM

Last Agent to Sell the Property

Holly Powell

BHHS New England Properties License #RES.0033778 Listed on: 03/08/2023

BHHS New England Properties

Last Buyer's Agent

Donald Geehan

Compass License #REB.0007760

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,750

Year Built

  • Built in 1940

Lot Details

  • 0.26

Parking

  • 1 Car Attached Garage

Home Design

  • Stone Foundation
  • Aluminum Siding
  • Plaster

Interior Spaces

  • 5,082 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Laundry in unit

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

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

Utilities

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

Additional Features

  • Deck
  • 0.26 Acre Lot

Listing and Financial Details

  • Legal Lot and Block 031 / 077
  • Assessor Parcel Number 49SPRINGSTWEST

Community Details

Overview

  • 3 Units
  • Downtown Westerly Subdivision

Building Details

  • Operating Expense $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,750

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Inclusions: Deeded shared driveway
  • Subdivision Name: Downtown Westerly
  • Above Grade Finished Sq Ft: 5082.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1940
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater, Gas Water Heater
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Skylights, Cable TV
  • Stories: 2
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Aluminum Siding
  • Exterior Features: Deck
  • Foundation Details: Stone
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Built In
  • Total Parking Spaces: 5.0

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11326.0
  • Parcel #: 49SPRINGSTWEST
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 3000.0

Tax Info

  • Tax Annual Amount: 2750.0
  • Tax Block: 077
  • Tax Lot: 031
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2023
Closed on
Apr 19, 2023
Sold by
Bogue Frederick J and Dubreuil Mary E
Bought by
Manfredi Dillon
Seller's Agent
Holly Powell
BHHS New England Properties
Buyer's Agent
Donald Geehan
Compass
List Price
$395,000
Sold Price
$499,000
Premium/Discount to List
$104,000
26.33%
Views
139
Current Estimated Value
$610,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,785
Avg. Annual Appreciation
5.42%
Original Mortgage
$376,000
Outstanding Balance
$366,900
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$198,876

Purchase Details

Closed on
Feb 26, 1985
Bought by
Dugas Mary Ella
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
Manfredi Dillon $499,000 None Available
Dugas Mary Ella -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manfredi Dillon $376,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2023 04/19/23 Sold $499,000 +26.3% $98 / Sq Ft
03/12/2023 03/12/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $395,000 -- $78 / 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 $3,232 $309,300 $109,800 $199,500
2023 $3,096 $304,700 $109,800 $194,900
2022 $3,041 $301,100 $109,800 $191,300
2021 $2,981 $247,200 $95,700 $151,500
2020 $2,929 $247,200 $95,700 $151,500
2019 $2,902 $247,200 $95,700 $151,500
2018 $2,808 $227,400 $95,700 $131,700
2017 $2,729 $227,400 $95,700 $131,700
2016 $2,729 $227,400 $95,700 $131,700
2015 $2,615 $232,900 $97,600 $135,300
2014 $2,574 $232,900 $97,600 $135,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1331048

State-Wide MLS

APN: WEST-000077-000031