NOT LISTED FOR SALE

1 W Exchange St Unit 2401 Providence, RI 02903

Downtown Providence Neighborhood

Estimated Value: $1,010,000 - $1,145,000

2 Beds
2 Baths
1,416 Sq Ft
$758/Sq Ft Est. Value

Last Sold October 13, 2021

Last sale price $883,500 $624 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,657/month

Highlights

  • Concierge
  • Golf Course Community
  • Marble Flooring
  • Marina
  • Indoor Pool
  • 3-minute walk to Burnside Park

About This Home

As of February 2023

Rare opportunity to rent this downtown high-end, award-winning 2 bedroom, 2 bathroom condo in the iconic Providence City high rise - The Residences. The open floor plan, with six foot windows and floor to ceiling sliding glass doors, was perfectly designed to integrate lighting, sound and storage with functional, cool custom-designed wood elements for optimum ambience and comfort throughout. The redesigned kitchen boasts Thermador appliances and quartz countertops. The primary bedroom, complete with luxurious en-suite and walk in closet, leads to a private balcony for early morning coffee and amazing evening sunsets. The second bedroom features a Murphy-style bed nestled between built-in shelving for versatile home and work living. Ultimate lifestyle with 24-hour concierge and security, indoor pool, hot tub and fitness center, 2 deeded parking spaces in enclosed garage, etc. Inquire about leasing it furnished. Ideally located between Boston and NYC; walking distance to trains and 10 minute drive to airport. Call today for your private showing.

Last Agent to Rent the Property

Hanne Leblanc

Keller Williams Coastal License #RES.0041138 Listed on: 11/02/2022

Keller Williams Coastal

Last Renter's Agent

Debbie Gold

Coldwell Banker Realty License #RES.0028148

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,103

Year Built

  • Built in 2007

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Assigned Parking

Home Design

  • Entry on the 24th floor
  • Brick Exterior Construction

Interior Spaces

  • 1,416 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Hallway
  • Accessibility Features
  • Accessible Doors
  • Low Pile Carpeting

Outdoor Features

  • Indoor Pool
  • Walking Distance to Water
  • Balcony

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Heat Pump System
  • Gas Water Heater

Listing and Financial Details

  • Property Available on 11/15/22
  • 12 Month Lease Term
  • Assessor Parcel Number 1WESTEXCHANGEST2401PROV

Community Details

Overview

  • Property has a Home Owners Association
  • The Residences Providence Subdivision
  • On-Site Maintenance
  • Maintained Community

Amenities

  • Concierge
  • Shops
  • Restaurant
  • Public Transportation
  • Business Center

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,103

Year Built

Built in 2007

Lot Details

0

Parking

2

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2022-11-15

Listing Details

  • Prop. Type: Residential Lease
  • Subdivision Name: The Residences Providence
  • Above Grade Finished Sq Ft: 1416.0
  • Architectural Style: High Rise
  • Building Name: Omni Hotel / Downtown
  • Entry Level: 24
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: High Rise
  • Year Built: 2007
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Accessibility Features: Accessibility Features, Accessible Elevator Installed, Low Pile Carpet, Accessible Doors, Accessible Hallway(s)
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Elevator
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Marble, Carpet
  • Interior Amenities: Bathtub, Tub Shower, Elevator
  • Living Area: 1416.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Community, Indoor
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Brick
  • Exterior Features: Balcony, Paved Driveway
  • Patio And Porch Features: Balcony

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Built In, Garage Door Opener

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Freight Elevator
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas, Heat Pump
  • Heating Yn: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public, Water Tap Fee

Condo/Co-op/Association

  • Community Features: Business Center, Concierge, Golf, Highway Access, Marina, Maintenance On-Site, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • HOA Rent Includes: Heat, Hot Water, Laundry Facilities, Parking, Pool, Security System, Water
  • Amenities: Business Center, Indoor Pool, Maintenance, Pool, Restaurant, Spa/Hot Tub, Concierge
  • Association: Yes
  • Pets Allowed: No

Lot Info

  • Parcel #: 1WESTEXCHANGEST2401PROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2021
Closed on
Oct 6, 2021
Sold by
Lo Anthony
Bought by
Ibrahim Farhat
Seller's Agent
Hogan Simpson Group
Engel & Volkers Oceanside
Buyer's Agent
Kimberly Marion
Engel & Volkers Oceanside
List Price
$929,000
Sold Price
$883,500
Premium/Discount to List
-$45,500
-4.9%
Current Estimated Value
$1,072,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,285
Avg. Annual Appreciation
4.84%

Purchase Details

Listed on
May 17, 2012
Closed on
Aug 15, 2012
Sold by
Pri Xix Lp
Bought by
Lo Anthony
Seller's Agent
Rental Agent Bob Walsh
Compass
Buyer's Agent
Rental Agent Bob Walsh
Compass
List Price
$569,900
Sold Price
$560,000
Premium/Discount to List
-$9,900
-1.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.10%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ibrahim Farhat $883,500 None Available
Lo Anthony $560,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/05/2023 02/05/23 Rented $6,000 0.0% --
01/06/2023 01/06/23 Under Contract -- -- --
11/02/2022 11/02/22 For Rent $6,000 0.0% --
10/13/2021 10/13/21 Sold $883,500 -4.9% $624 / Sq Ft View Prior Sale
09/13/2021 09/13/21 Pending -- -- --
08/14/2021 08/14/21 For Sale $929,000 +65.9% $656 / Sq Ft
08/16/2012 08/16/12 Sold $560,000 -1.7% $395 / Sq Ft View Prior Sale
07/17/2012 07/17/12 Pending -- -- --
05/17/2012 05/17/12 For Sale $569,900 -- $402 / 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 $12,103 $829,000 $0 $829,000
2024 $14,353 $782,200 $0 $782,200
2023 $14,353 $782,200 $0 $782,200
2022 $13,923 $782,200 $0 $782,200
2021 $16,382 $667,000 $0 $667,000
2020 $16,382 $667,000 $0 $667,000
2019 $16,382 $667,000 $0 $667,000
2018 $20,796 $650,700 $0 $650,700
2017 $20,796 $650,700 $0 $650,700
2016 $20,796 $650,700 $0 $650,700
2015 $18,748 $566,400 $0 $566,400
2014 $19,116 $566,400 $0 $566,400
Source: Public Records

Agents Affiliated with this Home

  • Hanne Leblanc

    Landlord's Agent in 2023

    Hanne Leblanc

    Keller Williams Coastal

    (401) 241-6306

    38 Total Sales

    Hanne Leblanc
    Section Image
  • Debbie Gold

    Tenant's Agent in 2023

    Debbie Gold

    Coldwell Banker Realty

    (401) 640-0403

    1 in this area

    122 Total Sales

    Debbie Gold
    Section Image

  • H

    Seller's Agent in 2021

    Hogan Simpson Group

    Engel & Volkers Oceanside

  • Kimberly Marion

    Buyer's Agent in 2021

    Kimberly Marion

    Engel & Volkers Oceanside

    (401) 692-1644

    3 in this area

    137 Total Sales

    Kimberly Marion
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1323433

State-Wide MLS

APN: PROV-190143-000000-002401

Rhode Island Providence County Providence 02903 Downtown Providence

1 W Exchange St Unit 2401, Providence, RI

Not Listed for Sale

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