NOT LISTED FOR SALE

116 Chestnut Hill Ave Cranston, RI 02920

Laurel Hill Neighborhood

Estimated Value: $451,538 - $627,000

6 Beds
2.5 Baths
3,688 Sq Ft
$143/Sq Ft Est. Value

Last Sold December 21, 2015

Last sale price $209,000 $57 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $3,157/month

53 Days on Market

Highlights

  • Wood Flooring
  • Public Transportation
  • Property near a hospital
  • Thermal Windows
  • Shops
  • Forced Air Heating and Cooling System

About This Home

As of December 2015

GREAT owner-occupied or investment 3 unit with 2 large 3-bed units and 1 store front. Newer furnaces and hot water heaters, plenty of parking. on busline w/stop in front of bldg, fire-coded, nice yard. Move-in condition. Variety store is on lease.

Last Agent to Sell the Property

Bea Whitman

HomeSmart Professionals Listed on: 09/28/2015

HomeSmart Professionals

Last Buyer's Agent

Martin Mooradian

Broadway Real Estate Group License #RES.0044814

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,400

Year Built

  • Built in 1925

Lot Details

  • 5,726 Sq Ft Lot
  • Fenced

Home Design

  • Slab Foundation
  • Vinyl Siding
  • Masonry
  • Plaster

Interior Spaces

  • 3,688 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Laundry in unit

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 1314
  • Assessor Parcel Number 116CHESTNUTHILLAVCRAN

Community Details

Overview

  • 2 Units
  • Laurel Hill Subdivision

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,400

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.1315
  • Co List Office Mls Id: KELW01
  • Co List Office Phone: 401-785-1700
  • Subdivision Name: LAUREL HILL
  • Above Grade Finished Sq Ft: 3688.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Living Area: 3688.0
  • Stories: 3
  • Window Features: Thermal Windows

Exterior Features

  • Fencing: Fenced
  • Construction Type: Plaster, Masonry, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Slab

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air, 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Forced Air, Gas, Hot Water, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, Separate Meters
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5726.0
  • Parcel #: 116CHESTNUTHILLAVCRAN
  • Zoning: B1-MDL94

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3400.0
  • Tax Lot: 1314
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2015
Closed on
Dec 22, 2015
Sold by
Desimone Frederick
Bought by
Lopez Francisco M
Seller's Agent
Bea Whitman
HomeSmart Professionals
Buyer's Agent
Martin Mooradian
Broadway Real Estate Group
List Price
$219,900
Sold Price
$209,000
Premium/Discount to List
-$10,900
-4.96%
Current Estimated Value
$528,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,135
Avg. Annual Appreciation
9.79%
Original Mortgage
$205,214
Outstanding Balance
$158,852
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$369,283

Purchase Details

Closed on
Aug 28, 2001
Sold by
Milnes Sadie Est
Bought by
Desimone Frederick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,900
Interest Rate
7.21%
Mortgage Type
Commercial
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
Lopez Francisco M $209,000 --
Desimone Frederick $121,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desimone Frederick $205,214
Previous Owner Desimone Frederick $108,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2015 12/21/15 Sold $209,000 -5.0% $57 / Sq Ft
11/21/2015 11/21/15 Pending -- -- --
09/28/2015 09/28/15 For Sale $219,900 -- $60 / 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 $4,512 $325,100 $39,200 $285,900
2024 $4,425 $325,100 $39,200 $285,900
2023 $4,443 $235,100 $39,200 $195,900
2022 $4,352 $235,100 $39,200 $195,900
2021 $4,232 $235,100 $39,200 $195,900
2020 $3,861 $185,900 $30,500 $155,400
2019 $3,861 $185,900 $30,500 $155,400
2018 $0 $184,600 $41,400 $143,200
2017 $0 $180,600 $30,500 $150,100
2016 -- $180,600 $30,500 $150,100
2015 -- $180,600 $30,500 $150,100
2014 -- $141,200 $30,500 $110,700
Source: Public Records

Agents Affiliated with this Home

  • Bea Whitman

    Seller's Agent in 2015

    Bea Whitman

    HomeSmart Professionals

    (401) 316-8493

    68 Total Sales

    Bea Whitman
    Section Image

  • M

    Buyer's Agent in 2015

    Martin Mooradian

    Broadway Real Estate Group

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Map

Source: State-Wide MLS

MLS Number: 1108975

State-Wide MLS

APN: CRAN-000008-000003-001314

Rhode Island Providence County Cranston 02920 Laurel Hill

116 Chestnut Hill Ave, Cranston, RI

Not Listed for Sale

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