NOT LISTED FOR SALE

55 Canal St Westerly, RI 02891

Estimated Value: $483,529

4 Beds
2.5 Baths
3,641 Sq Ft
$133/Sq Ft Est. Value

Last Sold April 05, 2019

Last sale price $285,000 $78 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,788/month

81 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Baseboard Heating

About This Home

As of April 2019

This is a unique opportunity to own a 2 family home with a 2 car garage and a building to run your business in. Live, work and play right at home or a great investment option. Zoned neighborhood business. Each unit has 2 bedrooms, 1 bathroom and have been completely remodeled. The shop has a half bath, 200 amp electric, currently 3 rooms and was formally a restaurant. City water, sewer and gas.

Last Agent to Sell the Property

Kimber Kettlety

Coldwell Banker Coastal Homes License #RES.0022880 Listed on: 12/14/2018

Coldwell Banker Coastal Homes

Last Buyer's Agent

Kelly Holmes

Mott & Chace Sotheby's Intl. License #RES.0041620

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,361

Year Built

  • Built in 1880

Lot Details

  • 6,534 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,641 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • 200+ Amp Service
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • 3 Buildings
  • 4 Units
  • Downtown Subdivision

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 55CANALSTWEST

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,361

Year Built

Built in 1880

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.15
  • Subdivision Name: Downtown
  • Above Grade Finished Sq Ft: 3641.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1880
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 3
  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding

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: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 200+ 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: 6534.0
  • Parcel #: 55CANALSTWEST
  • Zoning: NB/MDL94
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2361.0
  • Tax Lot: 16
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2018
Closed on
Apr 5, 2019
Sold by
Forthright Property Mgmt
Bought by
Trarbach Walter B and Witham Kimberly A
Seller's Agent
Kimber Kettlety
Coldwell Banker Coastal Homes
Buyer's Agent
Kelly Holmes
Mott & Chace Sotheby's Intl.
List Price
$325,000
Sold Price
$285,000
Premium/Discount to List
-$40,000
-12.31%
Current Estimated Value
$483,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,529
Avg. Annual Appreciation
8.11%
Original Mortgage
$185,000
Outstanding Balance
$162,315
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$321,214

Purchase Details

Listed on
Nov 27, 2016
Closed on
Apr 12, 2017
Sold by
Turrisi John P and Turrisi Stephen R
Bought by
Forthright Property Mg
Seller's Agent
Dyana Fonda
Gustave White Sotheby's Realty
Buyer's Agent
Kimber Kettlety
Coldwell Banker Coastal Homes
List Price
$191,000
Sold Price
$145,000
Premium/Discount to List
-$46,000
-24.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.68%
Original Mortgage
$105,000
Interest Rate
4.1%
Mortgage Type
Commercial
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
Trarbach Walter B $285,000 --
Forthright Property Mg $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trarbach Walter B $185,000
Previous Owner Forthright Property Mg $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2019 04/05/19 Sold $285,000 -12.3% $78 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
12/14/2018 12/14/18 For Sale $325,000 +124.1% $89 / Sq Ft
04/12/2017 04/12/17 Sold $145,000 -24.1% $78 / Sq Ft View Prior Sale
03/13/2017 03/13/17 Pending -- -- --
11/27/2016 11/27/16 For Sale $191,000 -- $103 / 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 $3,120 $401,000 $90,900 $310,100
2024 $3,121 $298,700 $82,200 $216,500
2023 $3,035 $298,700 $82,200 $216,500
2022 $3,017 $298,700 $82,200 $216,500
2021 $3,300 $273,600 $78,300 $195,300
2020 $3,242 $273,600 $78,300 $195,300
2019 $3,212 $273,600 $78,300 $195,300
2018 $2,361 $191,200 $76,000 $115,200
2017 $2,294 $191,200 $76,000 $115,200
2016 $2,294 $191,200 $76,000 $115,200
2015 $2,263 $201,500 $76,000 $125,500
2014 $2,227 $201,500 $76,000 $125,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1211432

State-Wide MLS

APN: WEST-000046-000016