NOT LISTED FOR SALE

55 Canal St Westerly, RI 02891

Estimated Value: $502,356

4 Beds
2.5 Baths
3,641 Sq Ft
$138/Sq Ft Est. Value

Sale Details

Date Sold: April 5, 2019

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

Est. 76% increase in value since last sale

Current estimated payment $2,974 / mo

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

6,534 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2018
Closed on
Apr 5, 2019
Sold by
Bought by
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
$502,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,356
Avg. Annual Appreciation
8.17%
Original Mortgage
$185,000
Outstanding Balance
$162,315
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$340,041

Purchase Details

Listed on
Nov 27, 2016
Closed on
Apr 12, 2017
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$285,000 --
$145,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $185,000
Previous Owner $105,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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