NOT LISTED FOR SALE

103 Reservoir Ave Providence, RI 02907

Estimated Value: $472,445

5 Beds
2.5 Baths
4,338 Sq Ft
$109/Sq Ft Est. Value

Last Sold August 04, 2021

Last sale price $360,000 $83 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,064/month

37 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Storage Room
  • 1 Fireplace
  • Recreation Facilities
  • Public Transportation

About This Home

As of August 2021

This property has so much to offer that you have to come see it for yourself!!
Ideally located, This wonderful Mixed use property is very close to the Highway, schools, shopping, Restaurants and so much more that Reservoir Ave has to offer. The first floor comes with a store front currently with a corner market, then a townhouse style Residential Apartment recently renovated ideal for owner Occupied with 3 beds 1 bath on the second floor, and 2 beds 1 bath on the third. you can't afford miss this one, and Act fast this Opportunity won't last!!!

Last Agent to Sell the Property

Hilda Vargas

Ocean Blue Realty License #REB.0019477 Listed on: 05/28/2021

Last Buyer's Agent

Hilda Vargas

Ocean Blue Realty License #REB.0019477 Listed on: 05/28/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,388

Year Built

  • Built in 1925

Lot Details

  • 3,000 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Garage
  • No Garage

Home Design

  • Brick Foundation
  • Aluminum Siding

Interior Spaces

  • 4,338 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Storage Room
  • Utility Room
  • Microwave

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Unfinished Basement

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

Utilities

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

Listing and Financial Details

  • Tax Lot 85
  • Assessor Parcel Number 103RESERVOIRAVPROV

Community Details

Recreation

  • Recreation Facilities

Additional Features

  • 3 Units
  • Public Transportation
  • Operating Expense $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,388

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0689
  • Above Grade Finished Sq Ft: 4338.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1925
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Microwave, Refrigerator, Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Drywall, Aluminum Siding
  • Foundation Details: Brick/Mortar

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Near Schools, Public Transportation, Recreation Area
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3000.0
  • Parcel #: 103RESERVOIRAVPROV
  • Zoning: R2
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 6000.0

Tax Info

  • Tax Annual Amount: 5388.0
  • Tax Lot: 85
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2021
Closed on
Aug 5, 2021
Sold by
Pink Capital Llc
Bought by
Chingo-Mendez Carlos
Seller's Agent
Hilda Vargas
Ocean Blue Realty
Buyer's Agent
Hilda Vargas
Ocean Blue Realty
List Price
$339,900
Sold Price
$360,000
Premium/Discount to List
$20,100
5.91%
Current Estimated Value
$472,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,445
Avg. Annual Appreciation
6.48%
Original Mortgage
$353,479
Outstanding Balance
$320,528
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$151,917

Purchase Details

Closed on
Mar 17, 2021
Sold by
Ayaan Inc
Bought by
Pink Capital Llc

Purchase Details

Closed on
Jun 29, 2017
Sold by
Ali Sadaf
Bought by
Qayyum Adnan

Purchase Details

Closed on
Nov 5, 2015
Sold by
Smith Realty 2 Rigp and Providence City Of
Bought by
Lima Jose A

Purchase Details

Closed on
Oct 28, 2015
Sold by
Bri Realty Corp
Bought by
Qayyum Adnan and Ali Sadaf

Purchase Details

Closed on
Jan 23, 2006
Sold by
Cortellessa Pasquale V
Bought by
Lima Jose and Lima Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 24, 1998
Sold by
Wahl Michael E and Wahl Nancy
Bought by
Johnson John A
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
Chingo-Mendez Carlos $360,000 None Available
Chingo-Mendez Carlos $360,000 None Available
Chingo-Mendez Carlos $360,000 None Available
Pink Capital Llc $215,000 None Available
Pink Capital Llc $215,000 None Available
Ayaan Inc -- None Available
Pink Capital Llc $215,000 None Available
Ayaan Inc -- None Available
Qayyum Adnan -- --
Qayyum Adnan -- --
Qayyum Adnan -- --
Lima Jose A $7,121 --
Lima Jose A $7,121 --
Qayyum Adnan $115,000 --
Lima Jose $295,000 --
Lima Jose $295,000 --
Johnson John A $85,000 --
Johnson John A $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chingo-Mendez Carlos $353,479
Closed Chingo-Mendez Carlos $353,479
Previous Owner Johnson John A $401,000
Previous Owner Johnson John A $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2021 08/04/21 Sold $360,000 +5.9% $83 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $339,900 -- $78 / 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 $6,929 $474,600 $108,100 $366,500
2024 -- $302,100 $65,500 $236,600
2023 $0 $302,100 $65,500 $236,600
2022 $0 $302,100 $65,500 $236,600
2021 $0 $146,800 $44,200 $102,600
2020 $0 $146,800 $44,200 $102,600
2019 $0 $146,700 $44,200 $102,500
2018 $0 $117,500 $44,200 $73,300
2017 $0 $117,500 $44,200 $73,300
2016 -- $117,500 $44,200 $73,300
2015 -- $119,700 $42,000 $77,700
2014 -- $119,700 $42,000 $77,700
2013 -- $119,700 $42,000 $77,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1284067

State-Wide MLS

APN: PROV-510085-000000-000000