Calling all investors! Great opportunity for investors to acquire this expansive Two Family Home in Westerly! Live in one unit and rent the other! This property is zoned General Industrial which may be comprised of many different uses that could possibly be allowed by the Town of Westerly. Such uses may include manufacturing, printing, concrete products, ship/boat building, too many to list! This multi-family home boasts a total of five large bedrooms and three full bathrooms. The main floor unit includes a huge kitchen with island, living room, study area, three bedrooms, two full baths. The upstairs unit consists of a kitchen, large living area, two bedrooms, one full bath. There is also an immense in-ground pool! This home is located close to some of the Rhode Island's most beautiful beaches and the historic downtown area. Downtown includes shops, restaurants and bars. It is only minutes from the Train Station with easy access to NYC and Boston. Home is being sold As-Is.
Property Details
Property Features
Property Information:
Year Built: 1900
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (401) 884-8050
Interior Features
Interior Information:
Appliances: Dryer, Oven, Water Heater, Range, Refrigerator, Washer
Basement: Yes
Flooring Type: Ceramic Tile, Hardwood, Laminate
Interior: Attic, Bathtub
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 5
Exterior Features
Exterior Information:
Exterior: Deck, Porch
Parking Information:
Attached Garage: Yes
Parking: Attached, Garage
Lot Features
Lot Information:
Lot Size: 0.75 Acres
Utilities
Utilities Information:
Heating: Baseboard, Oil
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $479,900
Tax Information:
Annual Amount: $2,708
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Westerly, RI.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,463
Per Month
Principal & Interest
$2,396
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,505
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Springbrook Elementary School
39 Springbrook Rd
Distance between this listing and this school1.44 miles
Public District Grades KG-4
8
/10
West Vine Street Elementary School
21 W Vine St
Distance between this listing and this school1.53 miles
Public District Grades KG-5
9
/10
State Street Elementary School
35 State St
Distance between this listing and this school1.53 miles
Public District Grades KG-4
Nearby Schools
7
/10
Westerly Middle School
10 Sandy Hill Rd
Distance between this listing and this school2.85 miles
Public District Grades 5-8
6
/10
Stonington Middle School
204 Mistuxet Ave
Distance between this listing and this school7.11 miles
Public District Grades 6-8
5
/10
Chariho Regional Middle School
455B Switch Rd
Distance between this listing and this school7.34 miles
Public District Grades 5-8
Nearby Schools
8
/10
Westerly High School
23 Ward Ave
Distance between this listing and this school0.77 miles
Public District Grades 9-12
7
/10
Stonington High School
176 S Broad St
Distance between this listing and this school2.84 miles
Public District Grades 9-12
8
/10
Wheeler High School
297 Norwich Westerly Rd
Distance between this listing and this school5.36 miles
The neighbors living near this home have an average income of $70,620. The most common annual income of people living in Westerly, RI is between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
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 are the common housing types 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.
What are the advantages of living in Westerly, RI?
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 essential services in Westerly, RI convenient?
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.
How do Westerly, RI residents get around?
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.
This home is located at 81 Old Hopkinton Rd in Westerly, RI and zip code 02891. This home, which was built in 1900, sits on a 0.75 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $479,900.
In October 2024 more than 13 listings in Westerly, RI were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 11 were sold below. In October 2024 in Westerly, RI there were 1.6% less homes for sale than in September 2024. In October 2024 median list price was $500,000 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.