Sold
Last Sold Price
6 beds5,784 sqft
61 Pierce St, Westerly, RI 02891
Multi FamilyProperty Type
0.09 acresLot Size
1920Year Built
$66/sq ftPrice per sq ft
5 carsParking Spaces

Description

Completely Maintenance Free... Everything from Heating Systems to Electrical ,Plumbing, windows and Roof have been redone. The first Floor has A Two Bedroom and a One Bedroom. The second floor Has a Two bedroom and a One Bedroom With a third floor attic space that can be remodeled and add Great extra Space to one of the apartments on the second floor including increased Rental Revenue . Kitchen, living room and bathroom, hardwood floors, laminate and carpet fully renovated and maintenance...Completely Maintenance Free... Everything from Heating Systems to Electrical ,Plumbing, windows and Roof have been redone. The first Floor has A Two Bedroom and a One Bedroom. The second floor Has a Two bedroom and a One Bedroom With a third floor attic space that can be remodeled and add Great extra Space to one of the apartments on the second floor including increased Rental Revenue . Kitchen, living room and bathroom, hardwood floors, laminate and carpet fully renovated and maintenance free. All apartments have separate utilities. All Units have gas heat. Located on a nice size lot .09 acre. Great off street parking with Nice Concrete Partial Fenced Raw Iron Fencing to keep the property nicely Maintained. . Note: ROI with increased rents and updated is about 10.0% rate of return on equity. Great owner occupied or investment. . Tenant pays heat and electric. Beautiful hardwoods m This is an Old Westerly Classic! Come take a look. Great investment opportunity. This this property is in the rhode island opportunity zone for potential capital gains deferral. Please provide proof of funds or preapproval
  • Listed by: Lisa Raiche 401.742.4012 adamsandadams@outlook.com Brokerage DRE #REB.0017278 • Adams & Adams Real Estate
Listing closed: 01/31/2020 12:00 AM • Source: Rhode Island Association of REALTORS®, MLS#: 1239091

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Location

Listing Courtesy of Adams & Adams Real Estate

Sold By Adams & Adams Real Estate

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Payment Calculator

$2,240 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,039

Property Taxes

$201

HOA Dues

$0

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Property Information for 61 Pierce Street

Property Details
  • Taxes: $2,408 / year
  • MLS Type: Residential Income / Multi Family
  • Subdivision Name: North End
Building Information
  • Stories: 3
  • Residences: 4
  • Year Built: 1920
  • Lot Size: 0.09 AC / 3,802 SF
Summary
Location and General Information
  • City: Westerly
  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Shopping, Sidewalks
  • Postal City: Westerly
  • Postal Code: 02891
  • Postal Code Plus4: 1593
  • State Or Province: RI
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 5
Taxes and HOA Information
  • Tax Annual Amount: $2,408.00
  • Tax Assessed Value: 218300
  • Tax Block: 73
  • Tax Lot: 1
  • Tax Year: 2019
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 5784.0
  • Building Area Total: 5784.0
  • Frontage Length: 100
  • Living Area Source: Public Records
  • Lot Size Acres: 0.0873
  • Lot Size Area: 3802.0
  • Lot Size Square Feet: 3802.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 61PIERCESTWEST
  • Stories Total: 3
  • Structure Type: Apartment
Property and Assessments
  • Buyer Financing: Conventional
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1920
  • C L I P: 7,687,483,195
Utilities
  • Electric: Amps200Or More
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch, Patio, Paved Driveway
  • Fencing: Fenced
Interior Features
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Full, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 6
  • Cooling: One Unit, Window Unit(s)
  • Cooling Y N: Yes
  • Door Features: Storm Doors
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Heating: Gas
  • Heating Y N: Yes
  • Interior Features: Attic, Permanent Attic Stairs, Tub Shower
  • Laundry Features: Common Area
  • Patio And Porch Features: Patio, Porch
  • Rooms Total: 18
Multi Family
Income & Expenses Information
  • Operating Expense: $12,000.00
Unit 1 Information
  • Actual Rent: $800.00
  • Description: 1 bedroom
  • Unit Type Area: 626.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $950.00
  • Description: 2 bedroom
  • Unit Type Area: 726.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $700.00
  • Description: 1 bedroom
  • Unit Type Area: 600.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $1,000.00
  • Description: 2 bedroom
  • Unit Type Area: 740.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 61 Pierce Street

DateEvent & SourcePriceAppreciation
Jan 31, 2020

Sold

Rhode Island Association of REALTORS® #1239091

$382,000—
Jan 30, 2020

Sold (Public Record)

Public Record #662247903

$382,000

+162.5% / yr

Oct 16, 2019

Listed (Active)

Rhode Island Association of REALTORS® #1239091

$409,000—
DateEvent & SourcePrice
01/31/2020

Sold

Rhode Island Association of REALTORS® #1239091

$382,000
01/30/2020

Sold (Public Record)

Public Record #662247903

$382,000

+162.5% / yr

10/16/2019

Listed (Active)

Rhode Island Association of REALTORS® #1239091

$409,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 61 Pierce Street

Taxable ValueLand$77,800Additions$391,300Total$469,100
Tax Record2025$3,650 ($304 / month)
Home Facts
Baths4Total Finished SqFt2,880 SqFtAbove Grade Finished SqFt2,880 SqFtStories2Lot Size3,802 SqFtStyleMulti-Family Res (5+ Units)Year Built1920Year Renovated1920CountyWASHINGTONAPNWEST M:46 B:73

Schools near 61 Pierce Street

This home is within Westerly School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Springbrook Elementary School
PublicK to 4

Westerly Middle School
Public5 to 8

Westerly High School
Public9 to 12

State Street School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Adams & Adams Real Estate

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.