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53 Tower Street, Westerly, RI, 02891 | $475,000
This property was built in 1902. The square footage is 1267. There are two units, each with 2 bedrooms and updated bathrooms. There is a possibility of a third floor unit. (Owner to check with zoning). The two car garage makes this property perfect for generating fantastic income as each unit can have a space in the shared garage or you can rent out the garage for extra income. The owner could live in one unit and rent out the other, or rent you both units. The vinyl siding is in great condition, the windows are as well. There are 3 different paved parking locations. Two of the Tower St. The best driveway goes right to the two car garage. That entrance is the second right off of Thompson Ave, Westerly. This property sits high up on a hill and the gentle breeze constantly flows. It makes it feel open and fresh. The neighbors are friendly, respectful and quiet. Town is close by but far enough away to not be in the middle of it. The house is being sold as is.
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Pool,Public Transportation,Recreation Area,Shopping,Sidewalks
- Rooms: 8
- Bedrooms: 4
- Baths: 4 full
- Units: 2
- Laundry: In Unit
- Style: Stacked
- Year Built: 1902
- Garage: 2-car Detached,Garage,Garage Door Opener
- Heating: Oil,Other
- Cooling: Window Unit(s)
- Basement: Exterior Entry,Full,Interior Entry,Unfinished
- Acreage: 0.42
- Est. Taxes: $2,500
- Lot Desc: Corner Lot
- Appliances: Dishwasher,Oil Water Heater,Range Hood
- MLS#: 1418684
- Website: https://www.raveis.com
/prop/1418684/53towerstreet_westerly_ri?source=qrflyer
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William Raveis Family of Services
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
53 Tower Street, Westerly, RI, 02891
$475,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $380,000 | $380,000 | $380,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.760% | 6.902% | 6.118% |
| Monthly Tax Payment | $208 | $208 | $208 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,340 | $2,465 | $3,181 |
| Total Monthly Payment | $2,623 | $2,748 | $3,464 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB