NOT LISTED FOR SALE

108 Spruce St Providence, RI 02903

Federal Hill Neighborhood

Estimated Value: $596,223

6 Beds
3 Baths
3,600 Sq Ft
$166/Sq Ft Est. Value

Last Sold April 20, 2023

Last sale price $465,000 $129 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,224/month

126 Days on Market

Highlights

  • Wood Flooring
  • Wood Siding
  • 1-minute walk to Federal Hill’s Bocce Ball Court and Park
  • Heating System Uses Steam

About This Home

As of April 2023

INVESTOR SPECIAL!! This home is zoned for Commercial, Residential and Short-term rental! Property provides you with first unit that offers an oversized bar, 1 bed and full bath! Unit 2 offers 3 bedrooms, spacious dining room, Open living room area and full bath! The unique Layout of both unit one & two have been combined together as a short-term Air bnb Rental! Within close proximity to Federal Hill, restaurants, entertainment and Providence nightlife, this short-term rental estimates around $100k cash flow a year! Unit 3 is currently occupied and offers an open concept layout with an open kitchen, two beds, dining and living room area along with 1 full bath! Unit 4 is not yet developed - however it gives you free range to complete and bring your vision to life! Do not miss out on this unique opportunity, schedule a showing today!

Last Agent to Sell the Property

Kyle Seyboth

Century 21 Limitless License #REC.0005226 Listed on: 09/19/2022

Century 21 Limitless

Last Buyer's Agent

Jason Simmons

Realty Freaks License #REC.0018936

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,000

Year Built

  • Built in 1920

Lot Details

  • 1,307 Sq Ft Lot

Parking

  • No Garage

Home Design

  • 3,600 Sq Ft Home
  • Wood Siding

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 0429
  • Assessor Parcel Number 108SPRUCESTPROV

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,000

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.03
  • Above Grade Finished Sq Ft: 3600.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Steam
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1307.0
  • Parcel #: 108SPRUCESTPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 8000.0
  • Tax Lot: 0429
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2022
Closed on
Mar 27, 2023
Sold by
Seay Kate L and Seay Ryan C
Bought by
Crazy Hart Pvd Llc
Seller's Agent
Kyle Seyboth
Century 21 Limitless
Buyer's Agent
Jason Simmons
Realty Freaks
List Price
$599,000
Sold Price
$465,000
Premium/Discount to List
-$134,000
-22.37%
Views
184
Current Estimated Value
$596,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,223
Avg. Annual Appreciation
10.17%
Original Mortgage
$441,000
Outstanding Balance
$430,076
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$156,096

Purchase Details

Closed on
Jan 23, 2019
Sold by
Ri Property Wire Llc
Bought by
Seay Kate L and Seay Ryan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,624
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 29, 2014
Sold by
Clayton Properties Llc and Banknewport
Bought by
Ri Property Wire Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Crazy Hart Pvd Llc $465,000 None Available
Crazy Hart Pvd Llc $465,000 None Available
Seay Kate L $352,000 --
Seay Kate L $352,000 --
Ri Property Wire Llc $280,000 --
Ri Property Wire Llc $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crazy Hart Pvd Llc $441,000
Closed Crazy Hart Pvd Llc $441,000
Previous Owner Seay Kate L $341,674
Previous Owner Seay Kate L $345,624
Previous Owner Ri Property Wire Llc $798,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2023 04/20/23 Sold $465,000 -19.1% $129 / Sq Ft
01/24/2023 01/24/23 Price Changed $575,000 -4.0% $160 / Sq Ft
01/24/2023 01/24/23 Pending -- -- --
10/01/2022 10/01/22 For Sale $599,000 0.0% $166 / Sq Ft
09/27/2022 09/27/22 Pending -- -- --
09/19/2022 09/19/22 For Sale $599,000 -- $166 / 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 -- $351,600 $132,700 $218,900
2023 $0 $351,600 $132,700 $218,900
2022 $0 $351,600 $132,700 $218,900
2021 $0 $276,400 $97,200 $179,200
2020 $0 $276,400 $97,200 $179,200
2019 $0 $276,400 $97,200 $179,200
2018 $0 $237,400 $97,200 $140,200
2017 $0 $237,400 $97,200 $140,200
2016 -- $237,400 $97,200 $140,200
2015 -- $232,500 $92,600 $139,900
2014 -- $232,500 $92,600 $139,900
2013 -- $232,500 $92,600 $139,900
Source: Public Records

Agents Affiliated with this Home

  • Kyle Seyboth

    Seller's Agent in 2023

    Kyle Seyboth

    Century 21 Limitless

    (508) 726-3492

    3 in this area

    1,912 Total Sales

    Kyle Seyboth
    Section Image

  • J

    Buyer's Agent in 2023

    Jason Simmons

    Realty Freaks

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1320387

State-Wide MLS

APN: PROV-280429-000000-000000

Rhode Island Providence County Providence 02903 Federal Hill

108 Spruce St, Providence, RI

This home is located at 108 Spruce St, Providence, RI 02903 since 19 September 2022 and is currently estimated at $596,223, approximately $165 per square foot. This property was built in 1920. 108 Spruce St 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.

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.

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