NOT LISTED FOR SALE

1 E Greenwich Ave West Warwick, RI 02893

Crompton Neighborhood

Estimated Value: $404,000 - $630,000

6 Beds
3 Baths
2,874 Sq Ft
$171/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $275,000 $96 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,054/month

68 Days on Market

Highlights

  • Marina
  • Barn
  • Wood Flooring
  • Golf Course Community
  • Cathedral Ceiling
  • 1-minute walk to Manchester Street Park

About This Home

As of December 2021

Three unit with good cash flow on a corner lot. Up to date windows and decks. Two traditional units with a 3rd floor modern apartment. Plenty of off street parking with a paved lot. A storage shed and large Carriage house which could be updated or rented out separately for additional cash-flow. Exterior paint is toward the end of its life, all mechanical's are in working order.

With long standing tenants, the existing rents are below market. With the right touch, the numbers on this one stand alone. However, if you are looking for even more cash flow it can be sold in conjunction with MLS#1291868, another 3 family located next door. The package could present a future commercial development opportunity but the owner is willing to split the two.
No FHA financing due to the exterior.

Last Agent to Sell the Property

Jack Silberman

Blue Star Properties License #REB.0016706 Listed on: 08/24/2021

Last Buyer's Agent

Jennifer Collins Boland

Mott & Chace Sotheby's Intl. License #RES.0043096

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,577

Year Built

  • Built in 1890

Lot Details

  • 7,244 Sq Ft Lot
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Stone Foundation
  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • 2,874 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Thermal Windows

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Balcony
  • Property near a hospital
  • Barn

Listing and Financial Details

  • Tax Lot 611
  • Assessor Parcel Number 1EASTGREENWICHAVWWAR

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Shops
  • Public Transportation

Recreation

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

Building Details

  • Operating Expense $7,872

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,577

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1663
  • Above Grade Finished Sq Ft: 2874.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1890
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Laminate, Other
  • Interior Amenities: Cathedral Ceiling(s)
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, Paved
  • Construction Type: Shingle Siding, Vinyl Siding
  • Exterior Features: Balcony
  • Foundation Details: Stone
  • Other Structures: Barn(s)
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7244.0
  • Parcel #: 1EASTGREENWICHAVWWAR
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 7872.0

Tax Info

  • Tax Annual Amount: 5577.47
  • Tax Lot: 611
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2025
Sold by
Rex Investments Llc
Bought by
Rex Asset Management Llc
Current Estimated Value
$491,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Outstanding Balance
$433,848
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$50,152

Purchase Details

Listed on
Aug 24, 2021
Closed on
Dec 1, 2021
Sold by
Brotman Jay and Brotman Toni
Bought by
Rex Investments Llc
Seller's Agent
Jack Silberman
Blue Star Properties
Buyer's Agent
Jennifer Collins Boland
Mott & Chace Sotheby's Intl.
List Price
$329,900
Sold Price
$275,000
Premium/Discount to List
-$54,900
-16.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.91%
Original Mortgage
$608,000
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rex Asset Management Llc -- None Available
Rex Asset Management Llc -- None Available
Rex Investments Llc $275,000 None Available
Rex Investments Llc $275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rex Asset Management Llc $435,000
Previous Owner Rex Investments Llc $608,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2021 12/01/21 Sold $275,000 -16.6% $96 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $329,900 -- $115 / 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
2025 $5,417 $354,300 $80,000 $274,300
2024 $4,800 $234,500 $50,800 $183,700
2023 $4,706 $234,500 $50,800 $183,700
2022 $4,631 $234,500 $50,800 $183,700
2021 $5,577 $186,600 $41,700 $144,900
2020 $5,577 $186,600 $41,700 $144,900
2019 $5,471 $186,600 $41,700 $144,900
2018 $5,211 $136,800 $39,200 $97,600
2017 $5,192 $136,800 $39,200 $97,600
2016 $5,099 $136,800 $39,200 $97,600
2015 $5,136 $137,800 $39,200 $98,600
2014 $5,023 $137,800 $39,200 $98,600
Source: Public Records

Agents Affiliated with this Home

  • Jack Silberman

    Seller's Agent in 2021

    Jack Silberman

    Blue Star Properties

    (401) 578-4648

    2 in this area

    63 Total Sales

    Jack Silberman
    Section Image

  • J

    Buyer's Agent in 2021

    Jennifer Collins Boland

    Mott & Chace Sotheby's Intl.

    (401) 413-2597

    3 in this area

    48 Total Sales

    Jennifer Collins Boland
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1291870

State-Wide MLS

APN: WWAR-000009-000611-000000

Rhode Island Kent County West Warwick 02893 Crompton

1 E Greenwich Ave, West Warwick, RI

This home is located at 1 E Greenwich Ave, West Warwick, RI 02893 since 24 August 2021 and is currently estimated at $491,000, approximately $170 per square foot. This property was built in 1890. 1 E Greenwich Ave is a home located in Kent County with nearby schools including West Warwick High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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