G
Seller's Agent in 2023
Gabriel Amaral
Lion Gate Real Estate, Inc.
1 in this area
17 Total Sales
101 Congress Ave Providence, RI 02907
Elmwood NeighborhoodEstimated Value: $656,000 - $681,000
6
Beds
3
Baths
3,912
Sq Ft
$171/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Living Room
- Coin Laundry
- Wood Flooring
- Shops
- 5-minute walk to Jennifer Rivera Memorial Park
About This Home
As of August 2023Lion Gate Real Estate is pleased to present the opportunity to acquire 101 Congress Ave. Located in the elm wood neighborhood of Providence RI. 101 Congress is situated in one of Providence fastest-growing and diverse submarkets. The property consists of three large apartments across +/-4,000SF with 5-6 car parking in the rear, and all separate utilities. Close to public transportation, short commute to Downtown Providence and many area amenities. Hwy access in minutes, and short distance to south Providence Bay/beaches/and parks. It boast high ceilings, hardwood floors, and large rooms throughout. It also has a nice sized backyard and front porch to relax! The newly updated third floor will be delivered vacant to the new owner. This asset offers a unique value-add opportunity to investors and owner/operators alike.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,820
Year Built
- Built in 1912
Lot Details
- 3,850
Home Design
- Triplex
- Frame Construction
- Concrete Perimeter Foundation
Interior Spaces
- 3,912 Sq Ft Home
- Living Room
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Utilities
- 3 Heating Zones
- 100 Amp Service
Additional Features
- 3,850 Sq Ft Lot
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $5,400
- Assessor Parcel Number M:49 L:425,518621
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Shops
- Coin Laundry
Building Details
- Net Operating Income $64,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2023
Closed on
Aug 23, 2023
Sold by
T & M Investments Llc
Bought by
Nunez Rosario Gerineldo A
Seller's Agent
Gabriel Amaral
Lion Gate Real Estate, Inc.
Buyer's Agent
Marisela Vasquez
My Dream Home Realty
List Price
$550,000
Sold Price
$553,000
Premium/Discount to List
$3,000
0.55%
Views
138
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,490
Avg. Annual Appreciation
8.08%
Original Mortgage
$542,983
Outstanding Balance
$531,979
Interest Rate
6.96%
Mortgage Type
FHA
Estimated Equity
$118,555
Purchase Details
Closed on
Mar 27, 2023
Sold by
Tizon Flavio
Bought by
T & M Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Mar 27, 2012
Closed on
Sep 6, 2012
Sold by
Anand Marisa M and Anand Amit
Bought by
Or Kan and Kong Lath
Seller's Agent
Virgen Nieves
Keller Williams Coastal
Buyer's Agent
Sharond Delance
Keller Williams Coastal
List Price
$89,900
Sold Price
$89,000
Premium/Discount to List
-$900
-1%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.48%
Original Mortgage
$62,300
Interest Rate
3.52%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 1, 2004
Sold by
Franco Rafael
Bought by
Anand Amit and Badalamenti Marisa M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,350
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nunez Rosario Gerineldo A | $553,000 | None Available | |
| T & M Investments Llc | $375,000 | None Available | |
| Or Kan | $89,000 | -- | |
| Anand Amit | $233,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nunez Rosario Gerineldo A | $542,983 | |
| Previous Owner | T & M Investments Llc | $425,000 | |
| Previous Owner | Or Kan | $62,300 | |
| Previous Owner | Anand Amit | $39,200 | |
| Previous Owner | Anand Amit | $226,500 | |
| Previous Owner | Anand Amit | $221,350 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/17/2023 08/17/23 | Sold | $553,000 | +0.5% | $141 / Sq Ft |
| 06/29/2023 06/29/23 | Pending | -- | -- | -- |
| 06/14/2023 06/14/23 | For Sale | $550,000 | +518.0% | $141 / Sq Ft |
| 09/07/2012 09/07/12 | Sold | $89,000 | -1.0% | $23 / Sq Ft |
| 08/08/2012 08/08/12 | Pending | -- | -- | -- |
| 03/27/2012 03/27/12 | For Sale | $89,900 | -- | $23 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $8,061 | $439,300 | $51,900 | $387,400 |
| 2023 | $8,061 | $439,300 | $51,900 | $387,400 |
| 2022 | $7,820 | $439,300 | $51,900 | $387,400 |
| 2021 | $6,867 | $279,600 | $36,500 | $243,100 |
| 2020 | $6,867 | $279,600 | $36,500 | $243,100 |
| 2019 | $6,867 | $279,600 | $36,500 | $243,100 |
| 2018 | $4,471 | $139,900 | $24,900 | $115,000 |
| 2017 | $4,471 | $139,900 | $24,900 | $115,000 |
| 2016 | $4,471 | $139,900 | $24,900 | $115,000 |
| 2015 | $4,184 | $126,400 | $30,400 | $96,000 |
| 2014 | $4,266 | $126,400 | $30,400 | $96,000 |
| 2013 | $4,266 | $126,400 | $30,400 | $96,000 |
Source: Public Records
Agents Affiliated with this Home
-
Gabriel Amaral
-
Marisela Vasquez
Buyer's Agent in 2023
Marisela Vasquez
My Dream Home Realty
(401) 499-6945
13 in this area
213 Total Sales
-
Virgen Nieves
Seller's Agent in 2012
Virgen Nieves
Keller Williams Coastal
(401) 345-6661
7 in this area
105 Total Sales
-
Sharond Delance
Buyer's Agent in 2012
Sharond Delance
Keller Williams Coastal
7 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73124409
APN: PROV-490425-000000-000000
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.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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