NOT LISTED FOR SALE

59 Pierce St Westerly, RI 02891

Estimated Value: $384,300 - $423,000

7 Beds
3 Baths
4,176 Sq Ft
$97/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $358,500 $86 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,335/month

23 Days on Market

Highlights

  • Attic
  • Heating System Uses Steam
  • Carpet
  • Bathtub with Shower

About This Home

As of July 2024

Welcome to 59 Pierce Street, Westerly, RI - a smart investment opportunity in a desirable location BEING SOLD AS IS. This triplex boasts a total of 3 bathrooms spread across 2506 square feet of living space, situated on a 4972 square foot lot. Each unit offers a unique layout, providing flexibility for potential tenants or owners. The property's convenient month-to-month tenancy agreements offer flexibility for the new owner. With no flood insurance required, this property presents a low-risk investment. Whether you're looking to expand your real estate portfolio or seeking a multi-unit property for personal use, 59 Pierce Street is being sold "as is". Don't miss out on this rare find in a sought-after area - schedule your showing today!

Last Agent to Sell the Property

Richard Wucik

Compass License #RES.0040660 Listed on: 05/16/2024

Compass

Last Buyer's Agent

Stephanie Baker

Baker Realty Group License #REB.0019145

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,696

Year Built

  • Built in 1930

Lot Details

  • 4,792 Sq Ft Lot

Home Design

  • Vinyl Siding
  • Masonry
  • Plaster

Interior Spaces

  • 4,176 Sq Ft Home
  • 2-Story Property
  • Attic

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 3 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 74
  • Assessor Parcel Number 59PIERCESTWEST

Community Details

Overview

  • 3 Units
  • North End Subdivision

Building Details

  • Operating Expense $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,696

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Subdivision Name: North End
  • Above Grade Finished Sq Ft: 4176.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Water Heater
  • Has Basement: Partial, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Attic, Tub Shower
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Masonry, Vinyl Siding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4792.0
  • Parcel #: 59PIERCESTWEST
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 6000.0

Tax Info

  • Tax Annual Amount: 2696.44
  • Tax Lot: 74
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Jun 30, 2024
Sold by
Saltwater Pro Llc
Bought by
Johnson Philip and Johnson Peter
Seller's Agent
Richard Wucik
Compass
Buyer's Agent
Stephanie Baker
Baker Realty Group
List Price
$365,000
Sold Price
$358,500
Premium/Discount to List
-$6,500
-1.78%
Views
11
Current Estimated Value
$381,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,622
Avg. Annual Appreciation
3.93%

Purchase Details

Closed on
Mar 16, 2023
Sold by
Walmsley Laura
Bought by
Saltwater Properties Llc

Purchase Details

Closed on
Jun 7, 2021
Sold by
Magliari Ft and Magliari
Bought by
Walmsley Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Johnson Philip $358,500 None Available
Johnson Philip $358,500 None Available
Saltwater Properties Llc -- None Available
Saltwater Properties Llc -- None Available
Walmsley Laura $270,000 None Available
Walmsley Laura $270,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walmsley Laura $202,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $358,500 -1.8% $86 / Sq Ft
06/08/2024 06/08/24 Pending -- -- --
06/07/2024 06/07/24 For Sale $365,000 0.0% $87 / Sq Ft
05/20/2024 05/20/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $365,000 -- $87 / 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 $2,773 $265,400 $49,100 $216,300
2023 $2,696 $265,400 $49,100 $216,300
2022 $2,681 $265,400 $49,100 $216,300
2021 $2,424 $201,000 $42,700 $158,300
2020 $2,382 $201,000 $42,700 $158,300
2019 $2,360 $201,000 $42,700 $158,300
2018 $2,227 $180,300 $42,700 $137,600
2017 $2,164 $180,300 $42,700 $137,600
2016 $2,164 $180,300 $42,700 $137,600
2015 $2,142 $190,700 $51,500 $139,200
2014 $890 $190,700 $51,500 $139,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1358452

State-Wide MLS

APN: WEST-000046-000074