NOT LISTED FOR SALE

53 Tower St Westerly, RI 02891

Estimated Value: $384,000 - $475,000

4 Beds
2 Baths
2,996 Sq Ft
$144/Sq Ft Est. Value

Last Sold August 16, 2018

Last sale price $220,000 $73 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $2,491/month

227 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Porch
  • Attic
  • 2 Car Detached Garage
  • Screened Patio

About This Home

As of August 2018

Great one owner multi family that has been in the same family for 3 generations. Located on .42 acre with two entrances, driveway in front of house and entrance off Thompson Street, paved driveway. this is a two family, with 2BR, 1 bath on each floor, laundry hookup in units, one heating system (could easily be converted to gas), hardwoods and carpet, beautiful back yard with gardens and a huge two car heated detached garage with an out building. This home needs all updates for interior but mechanics have been kept updated. Great owner occupy, rental could be $950 a month, plus garage rental of $250.00/month. Over sized garage with heat and workshop. Garage is estimated to be worth $50,000 and has possible expansion possibilities.

Last Agent to Sell the Property

Sandy Bliven

RE/MAX South County License #RES.0031703 Listed on: 12/01/2017

RE/MAX South County

Last Buyer's Agent

Kaitlyn Griffin

RE/MAX South County License #RES.0042682

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,388

Year Built

  • Built in 1902

Lot Details

  • 0.42 Acre Lot
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Block Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,996 Sq Ft Home
  • 2-Story Property
  • Storm Doors
  • Laundry in unit
  • Attic

Kitchen

  • Oven
  • Range

Flooring

  • Parquet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Outdoor Features

  • Deck
  • Screened Patio
  • Outbuilding
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 57
  • Assessor Parcel Number 53TOWERSTWEST

Community Details

Overview

  • 4 Units
  • Downtown Westerly & Westerly School Subdivision

Additional Features

  • Shops
  • Operating Expense $2,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,388

Year Built

Built in 1902

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.42
  • Subdivision Name: Downtown Westerly & Westerly School
  • Above Grade Finished Sq Ft: 2996.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1902
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Oil Water Heater, Range, Refrigerator
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate, Parquet
  • Interior Amenities: Attic
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Deck, Paved Driveway
  • Foundation Details: Block, Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Porch, Screened

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: 150 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 18197.0
  • Parcel #: 53TOWERSTWEST
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 2500.0

Tax Info

  • Tax Annual Amount: 2388.0
  • Tax Lot: 57
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2017
Closed on
Aug 16, 2018
Sold by
Ryan Mary E
Bought by
Wheeler Holly D
Seller's Agent
Sandy Bliven
RE/MAX South County
Buyer's Agent
Kaitlyn Griffin
RE/MAX South County
List Price
$239,900
Sold Price
$220,000
Premium/Discount to List
-$19,900
-8.3%
Current Estimated Value
$430,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,801
Avg. Annual Appreciation
9.52%
Original Mortgage
$240,108
Outstanding Balance
$212,481
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$218,321

Purchase Details

Closed on
Apr 12, 2018
Sold by
Dickey Elinor T and Ryan Mary E
Bought by
Gilbert Diana

Purchase Details

Closed on
Sep 11, 2014
Sold by
Dickey Elinor T
Bought by
Ryan Mary E and Gilbert Diana
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wheeler Holly D $220,000 --
Gilbert Diana -- --
Ryan Mary E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wheeler Holly D $240,108
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2018 08/16/18 Sold $220,000 -8.3% $73 / Sq Ft
07/17/2018 07/17/18 Pending -- -- --
12/01/2017 12/01/17 For Sale $239,900 -- $80 / 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
2025 $2,860 $367,600 $140,200 $227,400
2024 $2,651 $253,700 $101,100 $152,600
2023 $2,578 $253,700 $101,100 $152,600
2022 $2,562 $253,700 $101,100 $152,600
2021 $2,604 $215,900 $88,300 $127,600
2020 $2,558 $215,900 $88,300 $127,600
2019 $2,535 $215,900 $88,300 $127,600
2018 $2,458 $199,000 $88,300 $110,700
2017 $2,388 $199,000 $88,300 $110,700
2016 $2,388 $199,000 $88,300 $110,700
2015 $2,286 $203,600 $90,100 $113,500
2014 $1,891 $203,600 $90,100 $113,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1178192

State-Wide MLS

APN: WEST-000068-000057