NOT LISTED FOR SALE

1 W Exchange St Unit 1604 Providence, RI 02903

Downtown Providence Neighborhood

Estimated Value: $1,185,000 - $1,489,000

2 Beds
3 Baths
2,356 Sq Ft
$2,621/mo HOA Fee

Last Sold July 25, 2023

Last sale price $1,040,000 $441 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $11,946/month

Highlights

  • Concierge
  • Marble Flooring
  • Thermal Windows
  • Indoor Pool
  • Balcony
  • 3-minute walk to Burnside Park

About This Home

As of July 2023

Amazing opportunity to own this true luxury living in downtown Providence. This outstanding unit offers 2,356 square feet of open living space which makes it perfect for entertaining! This doubled unit has been completely remodeled with essential features of a high-end luxury living. Considered one of the best units in the Residences Building, this unit has 2 amazing suites, a large living room, formal dining room, a breakfast room, an entertainment area with a great bar with custom mirrored shelving, marble countertops, a built-in Wolf coffee maker, 146 bottle Subzero wine cooler, and doubled Thermor refrigerator drawers. The Kitchen features a new Subzero refrigerator, a Wolf cooktop, prep sink, quartz countertop and marble backsplash. The spacious master suite offers a walk-in closet and a beautiful bathroom. The second master suite also offers a walk-in closet, a large bathroom with a second laundry area. A third full bathroom rounds out the main living space. This unit offers lots of natural lighting throughout. Perfect place in the heart of providence!

Last Agent to Sell the Property

Renato De Lima

Innovations Realty License #RES.0041249 Listed on: 06/29/2023

Last Buyer's Agent

Barbara Dacey

Residential Properties Ltd. License #RES.0027542

Residential Properties Ltd.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,708

Year Built

  • Built in 2007

HOA Fees

  • $2,621 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,356 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Thermal Windows

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Indoor Pool
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service

Additional Features

  • Accessible Elevator Installed
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 143
  • Assessor Parcel Number 1WESTEXCHANGEST1604PROV

Community Details

Overview

  • Association fees include gas, heat, hot water, parking
  • 98 Units
  • Downtown Subdivision
  • On-Site Maintenance
  • Maintained Community

Amenities

  • Concierge
  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,708

Year Built

Built in 2007

Lot Details

0

HOA Fees

$2,621 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Downtown
  • Above Grade Finished Sq Ft: 2356.0
  • Architectural Style: High Rise
  • Building Name: The Residences Providence
  • Entry Level: 16
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: High Rise
  • Year Built: 2007
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Accessibility Features: Accessible Elevator Installed
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Entry Location: Elevator
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate, Marble, Carpet
  • Interior Amenities: Wet Bar, Bathtub, Tub Shower, Elevator
  • Living Area: 2356.0
  • Stories: 1
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Community, Indoor
  • Construction Type: Drywall, Brick
  • Exterior Features: Balcony
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Balcony

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Built In
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Freight Elevator
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Water Source: Water Tap Fee

Condo/Co-op/Association

  • Community Features: Concierge, Highway Access, Maintenance On-Site, Near Hospital, Near Schools, Pool, Public Transportation, Restaurant, Shopping
  • Senior Community: No
  • Amenities: Indoor Pool, Maintenance, Pool, Restaurant, Concierge
  • Association Fee: 2621.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Call, Negotiable, Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Gas, Heat, Hot Water, Parking

Lot Info

  • Parcel #: 1WESTEXCHANGEST1604PROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 98

Tax Info

  • Tax Annual Amount: 22708.0
  • Tax Lot: 143
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2023
Closed on
Jun 17, 2023
Sold by
Mckay James
Bought by
Michael J Huber Irt and Huber
Seller's Agent
Renato De Lima
Innovations Realty
Buyer's Agent
Barbara Dacey
Residential Properties Ltd.
List Price
$1,050,000
Sold Price
$1,040,000
Premium/Discount to List
-$10,000
-0.95%
Views
172
Current Estimated Value
$1,345,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,916
Avg. Annual Appreciation
13.75%

Purchase Details

Listed on
Jun 20, 2020
Closed on
Oct 1, 2020
Sold by
Simpson Derek
Bought by
Mckay James
Seller's Agent
Derek Simpson
Residential Properties Ltd.
Buyer's Agent
Renato De Lima
Innovations Realty
List Price
$1,635,000
Sold Price
$1,400,000
Premium/Discount to List
-$235,000
-14.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.04%

Purchase Details

Listed on
Oct 29, 2019
Closed on
Oct 28, 2019
Sold by
Meer Omar
Bought by
Simpson Derek
Seller's Agent
Pamela Hogan
Pam Hogan Homes LLC
Buyer's Agent
Pamela Hogan
List Price
$805,000
Sold Price
$805,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
81.31%
Original Mortgage
$867,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 29, 2019
Closed on
Oct 25, 2019
Sold by
1604 West Exchange Llc
Bought by
Simpson Derek
Seller's Agent
Pamela Hogan
Pam Hogan Homes LLC
Buyer's Agent
Pamela Hogan
List Price
$805,000
Sold Price
$805,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$867,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 25, 2013
Closed on
Jan 15, 2014
Sold by
Oak Homes Llc
Bought by
1604 W Exchange Llc
Seller's Agent
Michael Furia
Anderson Davis, Inc
Buyer's Agent
Rental Agent Bob Walsh
Compass
List Price
$575,000
Sold Price
$550,000
Premium/Discount to List
-$25,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%

Purchase Details

Closed on
Aug 23, 2013
Sold by
Arca Ruben H
Bought by
1 Oak Homes Llc

Purchase Details

Closed on
Jan 12, 2012
Sold by
Castillo Vania and Providence City Of
Bought by
Neboa Juan S

Purchase Details

Closed on
Aug 10, 2011
Sold by
Arca Elizabeth
Bought by
Castillo Vania
Source: Public Records

Range of Values:

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Average Value
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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
Michael J Huber Irt $1,040,000 None Available
Mckay James $1,400,000 None Available
Simpson Derek $352,000 --
Simpson Derek $805,000 --
Simpson Derek $805,000 --
1604 W Exchange Llc $550,000 --
1 Oak Homes Llc $467,000 --
Neboa Juan S $3,193 --
Neboa Juan S $3,193 --
Castillo Vania $1,355 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simpson Derek $867,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2023 07/25/23 Sold $1,040,000 -1.0% $441 / Sq Ft
06/29/2023 06/29/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $1,050,000 -25.0% $446 / Sq Ft
10/01/2020 10/01/20 Sold $1,400,000 -14.4% $594 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
06/20/2020 06/20/20 For Sale $1,635,000 +103.1% $694 / Sq Ft
10/29/2019 10/29/19 Sold $805,000 0.0% $544 / Sq Ft
10/29/2019 10/29/19 For Sale $805,000 +46.4% $544 / Sq Ft
01/15/2014 01/15/14 Sold $550,000 -4.3% $372 / Sq Ft
12/16/2013 12/16/13 Pending -- -- --
11/25/2013 11/25/13 For Sale $575,000 -- $389 / 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
2024 $22,708 $1,237,500 $0 $1,237,500
2023 $22,708 $1,237,500 $0 $1,237,500
2022 $22,028 $1,237,500 $0 $1,237,500
2021 $23,003 $936,600 $0 $936,600
2020 $23,003 $936,600 $0 $936,600
2019 $15,829 $644,500 $0 $644,500
2018 $22,819 $714,000 $0 $714,000
2017 $22,819 $714,000 $0 $714,000
2016 $22,819 $714,000 $0 $714,000
2015 $13,670 $413,000 $0 $413,000
2014 $13,939 $413,000 $0 $413,000
2013 $13,939 $413,000 $0 $413,000
Source: Public Records

Agents Affiliated with this Home

  • Renato De Lima

    Seller's Agent in 2023

    Renato De Lima

    Innovations Realty

    (401) 723-3312

    2 in this area

    180 Total Sales

    Section Image
  • Barbara Dacey

    Buyer's Agent in 2023

    Barbara Dacey

    Residential Properties Ltd.

    (401) 553-6322

    1 in this area

    136 Total Sales

    Section Image

  • D

    Seller's Agent in 2020

    Derek Simpson

    Residential Properties Ltd.

    (401) 487-2620

    9 in this area

    36 Total Sales

    Section Image
  • Pamela Hogan

    Seller's Agent in 2019

    Pamela Hogan

    Pam Hogan Homes LLC

    (401) 486-7715

    1 in this area

    14 Total Sales

    Section Image

  • M

    Seller's Agent in 2014

    Michael Furia

    Anderson Davis, Inc

    (401) 527-7056

    3 Total Sales

    Section Image

  • R

    Buyer's Agent in 2014

    Rental Agent Bob Walsh

    Compass

    (401) 274-1644

    11 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1338700

State-Wide MLS

APN: PROV-190143-000000-001604

Rhode Island Providence County Providence 02903 Downtown Providence

1 W Exchange St Unit 1604, Providence, RI

This home is located at 1 W Exchange St Unit 1604, Providence, RI 02903 since 29 June 2023 and is currently estimated at $1,306,188, approximately $554 per square foot. This property was built in 2007. 1 W Exchange St Unit 1604 is a home located in Providence County with nearby schools including Asa Messer Elementary School, Charles N. Fortes Elementary School, and Robert L. Bailey IV Elementary.

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