NOT LISTED FOR SALE

Estimated Value: $635,140 - $927,000

8 Beds
2 Baths
2,132 Sq Ft
$365/Sq Ft Est. Value

Sale Details

Date Sold: February 19, 2021

Last sale price $595,000 $279 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,664 / mo

46 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Tennis Courts
  • Golf Course Community
  • Furnished
  • Thermal Windows

About This Home

As of February 2021

TURNKEY INVESTMENT! Modernized Units Leased through May 2022, 6.8% CAP Rate, Strong Cash Flow, FULLY Furnished, Extremely Low Maintenance and Located within 2 Miles from Roger Williams University! Enjoy the Benefits of Passive Income! This Updated 2 Family Features 8 Bedrooms, 2 Bathrooms, 2 New Kitchens with Granite Countertops, Stainless Steel Appliances, New Ductless Heat/AC Systems, New Bathrooms, Hardwood Floors Throughout, 2 Sets of Washers and Dryers and Parking for 6 Cars!

Last Agent to Sell the Property

Jimmy Andrade

The Mello Group, Inc. License #RES.0028701 Listed on: 12/04/2020

Last Buyer's Agent

Ryan Shea

REMAX Revolution License #RES.0041770

REMAX Revolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,895

Year Built

  • Built in 1900

Lot Details

  • 4,334 Sq Ft Lot

Home Design

  • Block Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 2,132 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Thermal Windows
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Ductless Heating Or Cooling System
  • Heat Pump System
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 207
  • Assessor Parcel Number 113DEWOLFAVBRIS

Community Details

Overview

  • 2 Units

Amenities

  • Shops
  • Public Transportation

Recreation

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,895

Year Built

Built in 1900

Lot Details

4,334 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0995
  • Above Grade Finished Sq Ft: 2132.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Number Of Buildings: 1
  • Appliances: Dryer, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower, Furnished
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Block

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Ductless, Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4334.0
  • Parcel #: 113DEWOLFAVBRIS
  • Zoning: R-6
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3894.58
  • Tax Lot: 207
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2020
Closed on
Feb 18, 2021
Sold by
Bought by
Seller's Agent
Jimmy Andrade
The Mello Group, Inc.
Buyer's Agent
Ryan Shea
REMAX Revolution
List Price
$639,900
Sold Price
$595,000
Premium/Discount to List
-$44,900
-7.02%
Current Estimated Value
$777,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,785
Avg. Annual Appreciation
5.15%
Original Mortgage
$446,250
Outstanding Balance
$392,310
Interest Rate
2.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$385,475

Purchase Details

Closed on
Aug 28, 2018
Sold by
Bought by

Purchase Details

Closed on
Oct 27, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
3.94%
Mortgage Type
New Conventional
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$595,000 None Available
-- --
$290,000 --
$215,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $446,250
Previous Owner $240,000
Previous Owner $215,000
Previous Owner $343,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/19/2021 02/19/21 Sold $595,000 -7.0% $279 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
12/04/2020 12/04/20 For Sale $639,900 -- $300 / Sq Ft
Source: State-Wide MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,650 $408,800 $113,200 $295,600
2024 $5,650 $408,800 $113,200 $295,600
2023 $5,462 $408,800 $113,200 $295,600
2022 $5,314 $408,800 $113,200 $295,600
2021 $3,980 $276,800 $101,000 $175,800
2020 $3,895 $276,800 $101,000 $175,800
2019 $3,798 $276,800 $101,000 $175,800
2018 $4,351 $282,900 $101,000 $181,900
2017 $3,790 $254,000 $94,600 $159,400
2016 $3,752 $254,000 $94,600 $159,400
2015 $3,564 $254,000 $94,600 $159,400
2014 $3,159 $241,890 $99,500 $142,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1271300

State-Wide MLS

APN: BRIS-000033-000000-000207

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