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17 Summer St, Westerly, RI, 02891

$775,000

Home List Price

$9,203*

Closing Credit

8 Bedrooms
3 Full Baths
Multi

Location

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17 Summer St, Westerly$775,000

Buyer Closing Credits

$9,203*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached, Garage, Garage Door Opener
Year Built1900
HeatingBaseboard, Central, Natural Gas
CoolingNone
BasementYes
WaterfrontWaterfront
MLS #1371896
StatusActive

About 17 Summer St

This fully leased 3 family property produces income from Day One. A 7.79% CAP rate insures a strong return with the safety and security of a real estate investment. Each unit retains the charm of the building's 1900 origin while beaming 21st century qualities like hardwood floors, tall ceilings and sun-soaked rooms. All three residential units and both garage stalls are leased. See included Income and Expense sheet to review the details. There is plenty of parking for residents. Call today to arrange a private viewing.

Property Details

Property Features

Property Information:

  • Year Built: 1900

Listing Office:

  • Office Name: Fantastic Real Estate & Invest
  • Office Phone: (401) 514-4440

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Disposal, Oven, Range, Refrigerator, Water Heater
  • Basement: Yes
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior: Tub Shower

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • Exterior: Porch, Paved Driveway

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Garage, Garage Door Opener

Utilities

Utilities Information:

  • Heating: Baseboard, Central, Natural Gas
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $775,000

Tax Information:

  • Annual Amount: $3,414
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Westerly, RI.

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Westerly, RI

City

Med. Sold Price

$524K

Med. Price/SqFt

$307

Avg. Days On Market

70

# of Sold Homes

31

17 Summer St vs Westerly

53 DAYS ON ROCKET

-17 Days

$775,000

+$251K More

KEY TAKEAWAY

This property is $251K more than the Median Sold Price in Westerly, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1371896

Listing Office:

  • Office Name: Fantastic Real Estate & Invest
  • Office Phone: (401) 514-4440

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 9:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 31, 2007Home Sold
$304,000
Jan 11, 2005Home Sold
$293,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,414$283,100
2020$3,355$283,100
2019$3,324$283,100
2018$3,227$261,300
2017$3,136$261,300

History based on county public records data.

Payment Calculator

$3,935

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,390

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-794030
9
/10

  • State Street Elementary School

  • 35 State St

  • 0.63 miles

  • Public District Grades KG-4

school-card-donut-794031
8
/10

  • West Vine Street Elementary School

  • 21 W Vine St

  • 1.21 miles

  • Public District Grades KG-5

school-card-donut-794032
6
/10

  • Springbrook Elementary School

  • 39 Springbrook Rd

  • 1.89 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,147. Most Westerly, RI residents have annual incomes between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Westerly, RI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Westerly, RI?

Westerly's housing market showcases a blend of residential options, with single-family homes being a significant presence. Architectural styles range from classic colonial to contemporary, reflecting the town's historical roots and modern growth. The housing stock includes a mix of older homes with character and newer constructions that cater to modern tastes. While the majority of residents own their homes, a substantial portion of the population opts for rental opportunities, including apartments and townhouses.

Is Westerly, RI a good place to live?

Westerly is known for its coastal charm and vibrant community spirit. The town prides itself on its beautiful beaches, historic downtown area, and a calendar filled with local events that celebrate its maritime heritage and artistic flair. Residents and visitors alike enjoy a variety of outdoor activities and cultural experiences that embody the town's unique character.

Are things conveniently located in Westerly, RI?

The community is served by a network of public schools, including several elementary schools, middle schools, and a high school, as well as private educational options. Healthcare is accessible through local clinics and a regional hospital that provides a range of services from emergency care to specialized treatments. Westerly also boasts a public library system that supports lifelong learning. The retail and dining scene reflects the local culture, with a mix of independent shops and eateries that highlight regional cuisine and products.

What does the transportation in Westerly, RI look like?

Transportation in Westerly is facilitated by a combination of roadways and public transit options that connect residents to nearby cities and amenities. The town's layout supports a moderate level of walkability, particularly in the downtown area and along the beachfront. For those relying on public transportation, there are bus routes that serve the community, though the frequency varies by route. The area's road network provides easy access to major highways, making it convenient for commuting and travel.

Rocket Homes›Rhode Island›Washington County›Westerly›02891›17 Summer St

This home is located at 17 Summer St in Westerly, RI and zip code 02891. This home was built in 1900. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 29, 2024 and is currently priced at $775,000.

In November 2024, from all listings sold in Westerly, RI there were more than 11 sold above asking price, over 13 sold below and more than 7 were sold right at the asked price. The number of homes for sale in Westerly, RI decreased by 2.6% between October 2024 and November 2024. In November 2024 median list price was $524,000 and the average listing age was 70 days.

From Rocket Homes Real Estate and based on county public records data.

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