NOT LISTED FOR SALE

8 Service St Westerly, RI 02891

Estimated Value: $385,204 - $456,000

6 Beds
2.5 Baths
2,388 Sq Ft
$173/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $260,000 $109 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,325/month

15 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Shops
  • Recreation Facilities
  • Patio
  • Property near a hospital

About This Home

As of June 2022

Two family home situated on expansive 28,000+ sq ft lot located in the heart of Westerly's north end boasts low maintenance vinyl siding, plenty of off street parking, city water, city sewer, natural gas, a detached garage and a shed. The first unit is located on the main and lower levels. The lower level offers a kitchen and a den and provides walkout access to a patio to enjoy the outdoors. The main level of the first unit offers 3 bedrooms, living room, dining room and a full bath. The second unit (on the second floor) offers a kitchen, living room, dining room, laundry room, 2 bedrooms and a full bath. Easy access to interstate and within walking distance to historic downtown Westerly. This multi family home has great potential for either investor or owner occupant and a location that offers something for everyone.

Last Agent to Sell the Property

Andy Schilke

Schilke Realty License #REC.0018142 Listed on: 04/25/2022

Last Buyer's Agent

Andy Schilke

Schilke Realty License #REC.0018142 Listed on: 04/25/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,186

Year Built

  • Built in 1890

Lot Details

  • 0.65

Parking

  • 1 Car Detached Garage

Home Design

  • Combination Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 2,388 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Laundry in unit

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms

Partially Finished Basement

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

Outdoor Features

  • Patio
  • Outbuilding

Utilities

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

Additional Features

  • 0.65 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 8SERVICESTWEST

Community Details

Overview

  • 3 Buildings
  • 2 Units

Amenities

  • Shops

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,186

Year Built

Built in 1890

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.65
  • Above Grade Finished Sq Ft: 2388.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1890
  • Special Features: None

Interior Features

  • Number Of Buildings: 3
  • Appliances: Dishwasher, Gas Water Heater, Oven, Range
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Vinyl
  • Dining Room Type: Family Room, Kitchen
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Patio
  • Foundation Details: Combination
  • Other Structures: Outbuilding
  • Patio And Porch Features: Patio

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water, Space Heater
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 28314.0
  • Parcel #: 8SERVICESTWEST
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2186.0
  • Tax Lot: 12
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2022
Closed on
Jun 3, 2022
Sold by
Ruiz Mildred A Est
Bought by
Fusaro Peter M and Fusaro Lina
Seller's Agent
Andy Schilke
Schilke Realty
Buyer's Agent
Andy Schilke
Schilke Realty
List Price
$295,000
Sold Price
$260,000
Premium/Discount to List
-$35,000
-11.86%
Current Estimated Value
$406,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,787
Avg. Annual Appreciation
13.60%

Purchase Details

Closed on
Dec 13, 2000
Sold by
Shepard Valerie A
Bought by
Ruiz Damian J and Ruiz Mildred A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,700
Interest Rate
7.7%
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

Date Buyer Sale Price Title Company
Fusaro Peter M $260,000 None Available
Ruiz Damian J $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ruiz Damian J $20,000
Previous Owner Ruiz Damian J $15,000
Previous Owner Ruiz Damian J $101,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2022 06/06/22 Sold $260,000 -11.9% $109 / Sq Ft
05/10/2022 05/10/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $295,000 -- $124 / 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 $2,373 $333,800 $150,000 $183,800
2024 $2,252 $229,600 $108,800 $120,800
2023 $2,209 $229,600 $108,800 $120,800
2022 $2,169 $226,900 $108,800 $118,100
2021 $2,185 $189,700 $95,400 $94,300
2020 $2,146 $189,700 $95,400 $94,300
2019 $2,125 $189,700 $95,400 $94,300
2018 $2,180 $183,500 $95,400 $88,100
2017 $2,127 $183,500 $95,400 $88,100
2016 $2,143 $183,500 $95,400 $88,100
2015 $2,030 $187,600 $97,200 $90,400
2014 $1,996 $187,600 $97,200 $90,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1308154

State-Wide MLS

APN: WEST-000037-000012