1 W Exchange St Unit 2704 Providence, RI 02903
Downtown Providence Neighborhood
2
Beds
2
Baths
1,416
Sq Ft
$1,586/mo
HOA Fee
Highlights
- Concierge
- Business Center
- Thermal Windows
- Marble Flooring
- Balcony
- 3-minute walk to Burnside Park
About This Home
As of February 2025Enjoy unparalleled luxury living in The Residences in Downtown Providence.This impeccably designed split 2 bedroom, 2 bath condo features breathtaking views. Upon entering the rounded entry hall, you'll find a space that flows in three directions, each area thoughtfully designed. The eat-in kitchen is a chef's dream, boasting custom cabinetry, a built-in Subzero refrigerator, quartzite countertops, Waterworks fixtures, and a charming breakfast area facing our stunning State House and views of College Hill. The kitchen seamlessly transitions into the Great Room, which includes a built-in wine bar, a dining space, and a spacious living area equipped with an entertainment system. The primary bedroom offers a walk-in closet with custom designed storage, TV unit, motorized drapery, and a private outside balcony. The ensuite bathroom is a luxurious retreat with marble mosaic flooring, lacquered cabinetry and a spectacular steam shower. The guest wing is equally impressive, featuring a stylish bathroom, a washer and dryer, and a generous bedroom with its own walk-in closet. Additional highlights include quarter-sawn oak floor throughout, a Sonos sound system, custom oak doors and a Lutron lighting system. This phenomenal condominium, combined with the exceptional concierge services and amenities of Providence's premier full service high rise, delivers a living experience unlike any other. This is a unique opportunity that should be your Providence retreat!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $17,434
Year Built
- Built in 2007
HOA Fees
- $1,586 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Assigned Parking
Home Design
- Brick Exterior Construction
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 1,416 Sq Ft Home
- 1-Story Property
- Dry Bar
- Thermal Windows
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Additional Features
- Accessible Elevator Installed
- Balcony
- Security Fence
- Property near a hospital
Listing and Financial Details
- Tax Lot 0143
- Assessor Parcel Number 1WESTEXCHANGEST2704PROV
Community Details
Overview
- Association fees include gas, heat, HVAC, hot water, ground maintenance, parking, sewer, snow removal, security, trash, water
- 98 Units
- Omni Hotel, Downtown Subdivision
- On-Site Maintenance
- Maintained Community
Amenities
- Concierge
- Shops
- Restaurant
- Public Transportation
- Business Center
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 11, 2022
Closed on
Apr 1, 2023
Sold by
Marguerite James M and Marguerite Dana M
Bought by
Daley Christopher S and Daley Amy B
Seller's Agent
Pamela Hogan
Pam Hogan Homes LLC
Buyer's Agent
Holly Applegate
Residential Properties Ltd.
List Price
$1,249,000
Sold Price
$1,125,000
Premium/Discount to List
-$124,000
-9.93%
Total Days on Market
117
Views
326
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.20%
Purchase Details
Closed on
May 1, 2019
Sold by
Simpson Derek
Bought by
Marguerite James M and Marguerite Dana M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jan 20, 2018
Closed on
Apr 30, 2018
Sold by
Dangremond Robert N
Bought by
Simpson Derek
Seller's Agent
Ellen Kasle
Residential Properties Ltd.
Buyer's Agent
Jordan Zerva
Keller Williams Leading Edge
List Price
$975,000
Sold Price
$895,000
Premium/Discount to List
-$80,000
-8.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.43%
Original Mortgage
$716,000
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jun 1, 2015
Closed on
Aug 12, 2015
Sold by
Covino Maurice G
Bought by
Dangremond Robert N
Seller's Agent
Ken Schadegg
Mott & Chace Sotheby's Intl.
Buyer's Agent
Rental Agent Bob Walsh
Compass / Lila Delman Compass
List Price
$869,000
Sold Price
$844,000
Premium/Discount to List
-$25,000
-2.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.18%
Purchase Details
Closed on
Jun 28, 2010
Sold by
Pri Xix Lp
Bought by
Covino Maurice G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,250
Interest Rate
4.98%
Mortgage Type
Purchase Money Mortgage
Map
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Similar Homes in Providence, RI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,125,000 | None Available | |
| Warranty Deed | $1,100,000 | -- | |
| Warranty Deed | $895,000 | -- | |
| Not Resolvable | $844,000 | -- | |
| Deed | $727,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $750,001 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $750,000 | Purchase Money Mortgage | |
| Previous Owner | $716,000 | Purchase Money Mortgage | |
| Previous Owner | $545,250 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/14/2025 02/14/25 | Sold | $1,250,000 | -7.4% | $883 / Sq Ft |
| 01/26/2025 01/26/25 | Pending | -- | -- | -- |
| 10/30/2024 10/30/24 | Price Changed | $1,350,000 | -3.6% | $953 / Sq Ft |
| 10/01/2024 10/01/24 | For Sale | $1,400,000 | +24.4% | $989 / Sq Ft |
| 04/19/2023 04/19/23 | Sold | $1,125,000 | -9.9% | $794 / Sq Ft |
| 03/21/2023 03/21/23 | Pending | -- | -- | -- |
| 09/11/2022 09/11/22 | For Sale | $1,249,000 | +39.6% | $882 / Sq Ft |
| 04/30/2018 04/30/18 | Sold | $895,000 | -8.2% | $632 / Sq Ft |
| 03/31/2018 03/31/18 | Pending | -- | -- | -- |
| 01/20/2018 01/20/18 | For Sale | $975,000 | +15.5% | $689 / Sq Ft |
| 08/11/2015 08/11/15 | Sold | $844,000 | -2.9% | $596 / Sq Ft |
| 07/12/2015 07/12/15 | Pending | -- | -- | -- |
| 06/01/2015 06/01/15 | For Sale | $869,000 | -- | $614 / Sq Ft |
Source: State-Wide MLS
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 | $17,434 | $950,100 | $0 | $950,100 |
| 2023 | $17,434 | $950,100 | $0 | $950,100 |
| 2022 | $16,912 | $950,100 | $0 | $950,100 |
| 2021 | $20,257 | $824,800 | $0 | $824,800 |
| 2020 | $19,422 | $790,800 | $0 | $790,800 |
| 2019 | $19,422 | $790,800 | $0 | $790,800 |
| 2018 | $21,640 | $677,100 | $0 | $677,100 |
| 2017 | $21,640 | $677,100 | $0 | $677,100 |
| 2016 | $21,640 | $677,100 | $0 | $677,100 |
| 2015 | $19,784 | $597,700 | $0 | $597,700 |
| 2014 | $13,622 | $403,600 | $0 | $403,600 |
| 2013 | $20,172 | $597,700 | $0 | $597,700 |
Source: Public Records
Source: State-Wide MLS
MLS Number: 1369449
APN: PROV-190143-000000-002704
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