NOT LISTED FOR SALE

78 Pierce St Unit 80 Westerly, RI 02891

Estimated Value: $435,000 - $529,000

10 Beds
4 Baths
6,032 Sq Ft
$81/Sq Ft Est. Value

Last Sold January 14, 2025

Last sale price $456,000 $76 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,812/month

23 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Shops
  • Golf Course Community
  • Public Transportation
  • Property near a hospital

About This Home

As of January 2025

Attention investors, check out this awesome investment opportunity at 78-80 Pierce St in an OPPORTUNITY ZONE with possible tax deferment on eligible capital gains in Westerly! You've got two duplexes on one lot, making it a total of four units. It's perfect for anyone looking to dive into real estate or live in one unit and rent out the others. Located in a great spot, you're close to everything Westerly has to offer. Each unit has tenants in place. Being sold "AS IS, WHERE IS" With a solid rental history and room for growth, this property is a no-brainer for anyone looking to expand their portfolio. Don't miss out on this chance to own a versatile, income-generating property in a fantastic community. Come see it today and imagine the possibilities at 78-80 Pierce St!

Last Agent to Sell the Property

Richard Wucik

Compass License #RES.0040660 Listed on: 10/28/2024

Compass

Last Buyer's Agent

Adam Gonzalez

Century 21 Limitless License #RES.0048616

Century 21 Limitless

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,406

Year Built

  • Built in 1920

Lot Details

  • 5,663

Home Design

  • Combination Foundation
  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 6,032 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

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

Additional Features

  • 5,663 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 105
  • Assessor Parcel Number 7880PIERCESTWEST

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community

Building Details

  • Operating Expense $7,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,406

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Above Grade Finished Sq Ft: 6032.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Electric Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 10
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Combination, Stone

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5663.0
  • Parcel #: 7880PIERCESTWEST
  • Zoning: R-6
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 7400.0

Tax Info

  • Tax Annual Amount: 2406.0
  • Tax Lot: 105
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2024
Closed on
Dec 21, 2024
Sold by
Saltwater Pro Llc
Bought by
Aguilar Olga M and Cruz Carlos
Seller's Agent
Richard Wucik
Compass
Buyer's Agent
Adam Gonzalez
Century 21 Limitless
List Price
$449,000
Sold Price
$456,000
Premium/Discount to List
$7,000
1.56%
Views
67
Current Estimated Value
$491,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,508
Avg. Annual Appreciation
7.48%

Purchase Details

Listed on
Jul 6, 2021
Closed on
Oct 8, 2021
Sold by
Nicol Marc
Bought by
Walmsley Laura
Seller's Agent
Sally Cuda
Compass
Buyer's Agent
Julie Quigley-smith
Mott & Chace Sotheby's Intl.
List Price
$290,000
Sold Price
$290,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.85%
Original Mortgage
$217,500
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 1996
Sold by
Medeiros Edmundo A and Medeiros Stella
Bought by
Nicol Marc
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Aguilar Olga M $456,000 None Available
Aguilar Olga M $456,000 None Available
Walmsley Laura $290,000 None Available
Walmsley Laura $290,000 None Available
Walmsley Laura $290,000 None Available
Nicol Marc $98,000 --
Nicol Marc $98,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walmsley Laura $217,500
Previous Owner Nicol Marc $135,000
Previous Owner Nicol Marc $92,000
Previous Owner Nicol Marc $88,706
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/14/2025 01/14/25 Sold $456,000 +1.6% $76 / Sq Ft
11/20/2024 11/20/24 Pending -- -- --
10/28/2024 10/28/24 For Sale $449,000 +54.8% $74 / Sq Ft
10/08/2021 10/08/21 Sold $290,000 0.0% $48 / Sq Ft View Prior Sale
09/08/2021 09/08/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $290,000 -- $48 / 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 $3,082 $396,100 $74,300 $321,800
2024 $2,407 $230,300 $53,100 $177,200
2023 $2,340 $230,300 $53,100 $177,200
2022 $2,326 $230,300 $53,100 $177,200
2021 $2,469 $204,700 $46,200 $158,500
2020 $2,426 $204,700 $46,200 $158,500
2019 $2,403 $204,700 $46,200 $158,500
2018 $2,333 $188,900 $46,200 $142,700
2017 $2,267 $188,900 $46,200 $142,700
2016 $2,267 $188,900 $46,200 $142,700
2015 $2,273 $202,400 $55,700 $146,700
2014 $2,237 $202,400 $55,700 $146,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1371796

State-Wide MLS

APN: WEST-000046-000105