NOT LISTED FOR SALE

5 Summer St Westerly, RI 02891

Estimated Value: $457,629 - $647,000

8 Beds
3 Baths
4,350 Sq Ft
$130/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $335,000 $77 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $3,287/month

41 Days on Market

Highlights

  • Golf Course Community
  • 2 Car Detached Garage
  • Storm Windows
  • Wood Flooring
  • Thermal Windows
  • Bathtub with Shower

About This Home

As of September 2021

Great income potential. Live in one unit year round or use a summer residence and rent out the others. Enjoy in town living close to Wilcox park, shopping, restaurants, bowling, theater, rail road station, beaches and more. Has been owner occupied or family and currently 2nd floor is rented month to month.

Last Agent to Sell the Property

Anthony Lemme

Weichert Realtors-Cress & Co. License #RES.0033531 Listed on: 07/06/2021

Weichert Realtors-Cress & Co.

Last Buyer's Agent

Anthony Lemme

Weichert Realtors-Cress & Co. License #RES.0033531 Listed on: 07/06/2021

Weichert Realtors-Cress & Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,491

Year Built

  • Built in 1900

Lot Details

  • 0.25

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Stone Foundation
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 4,350 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Storm Windows

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer

Unfinished Basement

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

Utilities

  • No Cooling
  • Baseboard Heating
  • 100 Amp Service
  • Water Heater
  • Cable TV Available

Additional Features

  • Low Pile Carpeting
  • 0.25 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 113
  • Assessor Parcel Number 5SUMMERSTWEST

Community Details

Overview

  • 3 Units
  • In Town Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,491

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2523
  • Subdivision Name: In Town
  • Above Grade Finished Sq Ft: 4350.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Disposal, Water Heater
  • Accessibility Features: Low Pile Carpet
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Tub Shower, Cable TV
  • Dining Room Type: Laundry
  • Stories: 3
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Shingle Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter, 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: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Individual
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 150 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Near Hospital, Near Schools, Public Transportation, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10990.0
  • Parcel #: 5SUMMERSTWEST
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3491.0
  • Tax Lot: 113
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2021
Closed on
Aug 24, 2021
Sold by
Luther George E and Morrison Gloria J
Bought by
Murphy Joseph T and Murphy Jacqueline A
Seller's Agent
Anthony Lemme
Weichert Realtors-Cress & Co.
Buyer's Agent
Anthony Lemme
Weichert Realtors-Cress & Co.
List Price
$350,000
Sold Price
$335,000
Premium/Discount to List
-$15,000
-4.29%
Current Estimated Value
$567,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,657
Avg. Annual Appreciation
13.05%
Source: Public Records
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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
Murphy Joseph T $335,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2021 09/16/21 Sold $335,000 -4.3% $77 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $350,000 0.0% $80 / Sq Ft
06/24/2020 06/24/20 For Rent $1,300 0.0% --
06/24/2020 06/24/20 Rented $1,300 -- --
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 $3,851 $495,000 $153,200 $341,800
2024 $3,642 $348,500 $109,800 $238,700
2023 $3,541 $348,500 $109,800 $238,700
2022 $3,520 $348,500 $109,800 $238,700
2021 $3,655 $303,100 $95,700 $207,400
2020 $3,592 $303,100 $95,700 $207,400
2019 $3,558 $303,100 $95,700 $207,400
2018 $3,105 $251,400 $95,700 $155,700
2017 $3,017 $251,400 $95,700 $155,700
2016 $3,017 $251,400 $95,700 $155,700
2015 $3,026 $269,500 $97,600 $171,900
2014 $2,619 $269,500 $97,600 $171,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1287440

State-Wide MLS

APN: WEST-000067-000113