$399,000
SOLD JUL 15, 2022

66 Tower St Westerly, RI 02891

3 Beds
2.5 Baths
2,881 Sq Ft
0.26 Acres

Recently Sold

$138 Per Sq Ft

6% Below List Price

43 Days on Market

Highlights

  • Golf Course Community
  • Wood Flooring
  • Recreation Facilities
  • Deck
  • Attic
  • 2 Car Detached Garage

About This Home

As of July 2022

Reduced Price to $399,000. Investment property, very well maintained. 2 Family with EXCELLENT rental history. 2 Car detached garage. City Water, City Sewer, City Gas. All utilities are separate. Full basement with partial Kitchen and Full Bath. Convenient location. Close to schools, Transportation, Athletic fields, Shopping, etc etc . Great place to live and have your tenant pay for part of your mortgage. Gross area is 2,881 with room for expansion in the basement.

Last Agent to Sell the Property

Donald Geehan

Compass License #REB.0007760 Listed on: 04/20/2022

Compass

Last Buyer's Agent

Donald Geehan

Compass License #REB.0007760 Listed on: 04/20/2022

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,926

Year Built

  • Built in 1938

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Stone Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,881 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Storm Doors
  • Attic

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Partially Finished Basement

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

Outdoor Features

  • Deck
  • Patio

Utilities

  • No Cooling
  • Zoned Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 0.26 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • The owner pays for hot water
  • Legal Lot and Block 58-3 / 151
  • Assessor Parcel Number 66TOWERSTWEST

Community Details

Overview

  • 2 Units
  • Tower St. School Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community
  • Recreation Facilities

Building Details

  • Operating Expense $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,926

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Subdivision Name: Tower St. School
  • Above Grade Finished Sq Ft: 2881.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Common Water Heater, Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Owner Pays: Hot Water
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Other, Carpet
  • Interior Amenities: Attic, Bathtub, Tub Shower, Cable TV
  • Dining Room Type: Bathroom, Kitchen, Storage Room, Utility Room
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Deck, Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter, Stone
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Central, Gas, Hot Water, Oil, Steam, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 150 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11326.0
  • Parcel #: 66TOWERSTWEST
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 3000.0

Tax Info

  • Tax Annual Amount: 2926.0
  • Tax Block: 151
  • Tax Lot: 58-3
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2023
Sold by
Grady Ryan J and Grady Lauren J
Bought by
Lje Properties Llc

Purchase Details

Listed on
Apr 20, 2022
Closed on
Jul 15, 2022
Sold by
R P & G J Morrone Ret and Morrone
Bought by
Grady Ryan J and Grady Lauren J
Seller's Agent
Donald Geehan
Compass
Buyer's Agent
Donald Geehan
Compass
List Price
$425,000
Sold Price
$399,000
Premium/Discount to List
-$26,000
-6.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$299,250
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 1983
Bought by
Morrone Raymond P
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Deed $399,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $299,250 Purchase Money Mortgage
Previous Owner $15,000 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 For Sale $615,000 +54.1% $395 / Sq Ft
07/15/2022 07/15/22 Sold $399,000 0.0% $138 / Sq Ft
06/02/2022 06/02/22 Pending -- -- --
05/16/2022 05/16/22 Price Changed $399,000 -6.1% $138 / Sq Ft
04/20/2022 04/20/22 For Sale $425,000 -- $148 / 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 $2,916 $279,000 $104,400 $174,600
2023 $2,835 $279,000 $104,400 $174,600
2022 $2,780 $275,200 $104,400 $170,800
2021 $2,927 $242,700 $91,000 $151,700
2020 $2,876 $242,700 $91,000 $151,700
2019 $2,849 $242,700 $91,000 $151,700
2018 $2,759 $223,400 $91,000 $132,400
2017 $2,681 $223,400 $91,000 $132,400
2016 $2,681 $223,400 $91,000 $132,400
2015 $2,569 $228,800 $92,800 $136,000
2014 $2,528 $228,800 $92,800 $136,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1306811

State-Wide MLS

APN: WEST-000058-000003