NOT LISTED FOR SALE

7 Park Ave Westerly, RI 02891

Estimated Value: $548,000 - $730,467

8 Beds
3 Baths
2,640 Sq Ft
$245/Sq Ft Est. Value

Last Sold April 30, 2013

Last sale price $285,000 $108 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $3,916/month

43 Days on Market

Highlights

  • Marina
  • Deck
  • Attic
  • Golf Course Community
  • Wood Flooring
  • Tennis Courts

About This Home

As of April 2013

Investors take note! Fully rented 3family house in great condition! Close to everything, 5min walk to Park or bustling Downtown Westerly. Separate utilities for each apt. Vinyl sided, garage on premise for more storage rental possibility.

Last Listed By

Mark Wright

Coldwell Banker Coastal Homes License #RES.0034470 Listed on: 02/15/2013

Coldwell Banker Coastal Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,446

Year Built

  • Built in 1900

Lot Details

  • 10,454 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Vinyl Siding
  • Plaster

Interior Spaces

  • 2,640 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Storm Doors
  • Attic

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Radiant Heating System
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 131
  • Assessor Parcel Number 7PARKAVWEST

Community Details

Overview

  • 3 Units
  • Downtown Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Building Details

  • Operating Expense $3,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,446

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Subdivision Name: DOWNTOWN
  • Above Grade Finished Sq Ft: 2640.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Other Equipment: Satellite Dish
  • Has Basement: Full, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Laminate, Vinyl, Wood
  • Interior Amenities: Attic
  • Living Area: 2640.0
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Deck, Porch, Paved Driveway
  • Patio And Porch Features: Deck, Porch

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: Electric, Gas, Hot Water, Oil, Radiant
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Available
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 10454.0
  • Parcel #: 7PARKAVWEST
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 3900.0

Tax Info

  • Tax Annual Amount: 3446.0
  • Tax Lot: 131
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2013
Closed on
Apr 30, 2013
Sold by
Yackley Carol L and Yackley Richard W
Bought by
Homsi Sara and Homsi Sammy
Seller's Agent
Mark Wright
Coldwell Banker Coastal Homes
Buyer's Agent
Kimber Kettlety
Coldwell Banker Coastal Homes
List Price
$295,000
Sold Price
$285,000
Premium/Discount to List
-$10,000
-3.39%
Total Days on Market
43
Current Estimated Value
$645,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,867
Avg. Annual Appreciation
6.78%
Original Mortgage
$228,000
Outstanding Balance
$166,509
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$461,883

Purchase Details

Closed on
Apr 21, 1997
Sold by
Vrotacoe James
Bought by
Yackley Richard W

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
Homsi Sara -- --
Yackley Richard W $142,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Homsi Sammy $23,000
Open Yackley Richard W $228,000
Previous Owner Yackley Richard W $154,701
Previous Owner Yackley Richard W $125,000
Previous Owner Yackley Richard W $137,526
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2013 04/30/13 Sold $285,000 -3.4% $108 / Sq Ft
03/31/2013 03/31/13 Pending -- -- --
02/15/2013 02/15/13 For Sale $295,000 -- $112 / 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 $4,024 $385,100 $109,700 $275,400
2023 $3,913 $385,100 $109,700 $275,400
2022 $3,890 $385,100 $109,700 $275,400
2021 $3,971 $329,300 $95,600 $233,700
2020 $3,902 $329,300 $95,600 $233,700
2019 $3,866 $329,300 $95,600 $233,700
2018 $3,701 $299,700 $95,600 $204,100
2017 $3,596 $299,700 $95,600 $204,100
2016 $3,596 $299,700 $95,600 $204,100
2015 $3,563 $317,300 $97,500 $219,800
2014 $3,506 $317,300 $97,500 $219,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1033928

State-Wide MLS

APN: WEST-000057-000131