NOT LISTED FOR SALE

88 Oak St Westerly, RI 02891

Estimated Value: $441,264 - $578,000

4 Beds
2 Baths
2,701 Sq Ft
$187/Sq Ft Est. Value

Last Sold September 22, 2023

Last sale price $425,000 $157 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,995/month

24 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Tennis Courts
  • Golf Course Community
  • Attic
  • 2 Car Detached Garage

About This Home

As of September 2023

This upgraded multi-family home offers a great investment or owner occupant opportunity. With no leases or tenants in place the new owner can set their own rental amounts. The first-floor apartment has updated flooring, granite counter tops and island. The full bath features a picturesque walk- in shower stall and granite sink top. The unit is supplemented by 2 ductless split ac units ( one in the bedroom and one in the kitchen). Separate gas and electric meters are in place. The house is serviced by city water and sewer. Tenants have use of the 2-car garage and also ample off-street parking. The house location is in close proximity to Downtown Westerly, restaurants, recreational facilities as well as the Westerly Train Station. Foxwoods and Mohegan Sun are a short distance away.

Last Agent to Sell the Property

John Fusaro

Coldwell Banker Coastal Homes License #RES.0029424 Listed on: 08/03/2023

Coldwell Banker Coastal Homes

Last Buyer's Agent

Katrina Caputo

Coldwell Banker Coastal Homes License #RES.0047175

Coldwell Banker Coastal Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,308

Year Built

  • Built in 1923

Lot Details

  • 9,000

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Vinyl Siding
  • Plaster

Interior Spaces

  • 2,701 Sq Ft Home
  • Thermal Windows
  • Storm Doors
  • Dishwasher
  • Dryer
  • Attic

Flooring

  • Wood
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Utilities

  • Ductless Heating Or Cooling System
  • Zoned Heating
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Tankless Water Heater

Additional Features

  • 9,000 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 88OAKSTWEST

Community Details

Overview

  • 2 Units

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,308

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2066
  • Above Grade Finished Sq Ft: 2701.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1923
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Tankless Water Heater
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl
  • Interior Amenities: Attic, Tub Shower
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Paved Driveway

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 7.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9000.0
  • Parcel #: 88OAKSTWEST
  • Zoning: NB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2308.0
  • Tax Lot: 19
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Sep 22, 2023
Sold by
Terranova Thomas A
Bought by
Quinn Elizabeth C and Quinn Chelsey W
Seller's Agent
John Fusaro
Coldwell Banker Coastal Homes
Buyer's Agent
Katrina Caputo
Coldwell Banker Coastal Homes
List Price
$419,500
Sold Price
$425,000
Premium/Discount to List
$5,500
1.31%
Views
32
Current Estimated Value
$504,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,066
Avg. Annual Appreciation
5.76%
Original Mortgage
$417,302
Outstanding Balance
$409,237
Interest Rate
6.96%
Mortgage Type
FHA
Estimated Equity
$64,581

Purchase Details

Closed on
Aug 30, 2018
Sold by
Terranova Thomas A
Bought by
Terranova 3Rd Thomas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,800
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2018
Sold by
Gulluscio Barbara T
Bought by
Terranova Thomas A
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
Quinn Elizabeth C $425,000 None Available
Terranova 3Rd Thomas A $136,000 --
Terranova Thomas A $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quinn Elizabeth C $417,302
Previous Owner Terranova-Li Thomas A $50,000
Previous Owner Terranova Thomas A $145,000
Previous Owner Terranova 3Rd Thomas A $108,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2023 09/22/23 Sold $425,000 +1.3% $157 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $419,500 -- $155 / 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 $2,989 $286,000 $104,400 $181,600
2023 $2,454 $241,500 $104,400 $137,100
2022 $2,439 $241,500 $104,400 $137,100
2021 $2,451 $203,200 $90,800 $112,400
2020 $2,408 $203,200 $90,800 $112,400
2019 $2,386 $203,200 $90,800 $112,400
2018 $2,370 $191,900 $90,800 $101,100
2017 $2,303 $191,900 $90,800 $101,100
2016 $2,303 $191,900 $90,800 $101,100
2015 $2,186 $194,700 $87,800 $106,900
2014 $2,151 $194,700 $87,800 $106,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1340753

State-Wide MLS

APN: WEST-000048-000019