NOT LISTED FOR SALE

5 Park Ave Westerly, RI 02891

Estimated Value: $619,000 - $749,451

5 Beds
3 Baths
4,777 Sq Ft
$142/Sq Ft Est. Value

Last Sold July 20, 2017

Last sale price $335,000 $70 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $3,900/month

30 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Wood Flooring
  • Beach Access
  • Deck
  • Tennis Courts

About This Home

As of July 2017

Perfect opportunity for Investors or first time home buyers, this spacious meticulously maintained 3 family with reliable long term renters in place (Rents should be higher) Low expenses, renters pay all utilities except water/sewer offers newer roof, windows, heating, electrical and so much more. The first and second floor offer 2 Bedrooms 1 bath, the third floor is a charming 1 bedroom loft. Separate utilities, city sewer and water. Steps to Wilcox Park, downtown and schools, Close hospital, beach and all that Westerly has to offer. Truly a great investment.

Last Agent to Sell the Property

Nancy Siciliano

Ocean Front Homes License #REB.0017018 Listed on: 05/20/2017

Last Buyer's Agent

Calvin Utter

William Raveis Real Estate License #RES.0042172

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,287

Year Built

  • Built in 1900

Lot Details

  • 10,356 Sq Ft Lot
  • Fenced

Home Design

  • Stone Foundation
  • Wood Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 4,777 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Workshop
  • Storage Room
  • Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Doors

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water
  • Deck
  • Patio
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Tankless Water Heater
  • Oil Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 132
  • Assessor Parcel Number 5ParkAVWEST

Community Details

Amenities

  • Shops
  • Public Transportation

Recreation

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

Additional Features

  • 4 Units
  • Operating Expense $4,927

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,287

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Above Grade Finished Sq Ft: 4777.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Exhaust Fan, Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater, Water Heater
  • Other Equipment: Satellite Dish
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Interior Amenities: Bathtub, Tub Shower, Cable TV
  • Dining Room Type: Laundry, Storage Room, Utility Room, Workshop
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Wood Siding
  • Exterior Features: Deck, Porch, Patio, Paved Driveway
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • 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, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10356.0
  • Parcel #: 5ParkAVWEST
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 4927.0

Tax Info

  • Tax Annual Amount: 3287.0
  • Tax Lot: 132
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2006
Sold by
Loftes Brian
Bought by
Giorno Cosmo J
Current Estimated Value
$678,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2005
Sold by
Kettlety Kennth and Pope-Kettlety Kimberly
Bought by
Loftes Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 2002
Sold by
Fernandes Abel
Bought by
Kettlety Kenneth M and P-Kettlety Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6.72%
Source: Public Records

Range of Values:

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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
Giorno Cosmo J $365,000 --
Loftes Brian $360,000 --
Kettlety Kenneth M $118,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kettlety Kenneth M $237,500
Closed Kettlety Kenneth M $245,000
Previous Owner Kettlety Kenneth M $252,000
Previous Owner Kettlety Kenneth M $106,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2017 07/20/17 Sold $335,000 +1.5% $70 / Sq Ft
06/20/2017 06/20/17 Pending -- -- --
05/20/2017 05/20/17 For Sale $329,999 -- $69 / 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 $3,816 $365,200 $109,600 $255,600
2023 $3,710 $365,200 $109,600 $255,600
2022 $3,689 $365,200 $109,600 $255,600
2021 $3,766 $312,300 $95,500 $216,800
2020 $3,701 $312,300 $95,500 $216,800
2019 $3,666 $312,300 $95,500 $216,800
2018 $3,383 $273,900 $95,500 $178,400
2017 $3,287 $273,900 $95,500 $178,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1161133

State-Wide MLS

APN: WEST-000057-000132