NOT LISTED FOR SALE

118 Progress Ave Unit 120 Providence, RI 02909

Silver Lake Neighborhood

Estimated Value: $479,000 - $647,000

6 Beds
3 Baths
4,611 Sq Ft
$125/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $280,000 $61 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $3,660/month

75 Days on Market

Highlights

  • 0.18 Acre Lot
  • 2 Car Detached Garage
  • Heating System Uses Steam
  • Wood Flooring
  • Porch
  • 4-minute walk to Clarence Street Playground

About This Home

As of April 2020

Relist! HUD Owned #451-103008. Property sold in as is condition. Equal Housing Opportunity. Property is insured with escrow repairs & will meet FHA 203K requirements. Ask about HUD's $100 down payment program!! LBP . Multi-family home in Silver Lake with so much to offer! This home sits on an oversized lot with a detached garage, and is conveniently located mere minutes to Route 10 and the Cranston line! Also features vinyl siding and multiple porches. The first and second floor units are spacious with over 1000 SF of space each, and the third floor is cozy and charming! With a little TLC and personal touches this property will be truly amazing! Don't wait to seize this opportunity!

Last Agent to Sell the Property

Joy Riley

Westcott Properties License #REB.0012495 Listed on: 12/26/2019

Last Buyer's Agent

Sussy Deleon

RE/MAX New Horizons License #REB.0015186

RE/MAX New Horizons

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,091

Year Built

  • Built in 1920

Lot Details

  • 8,000

Parking

  • 2 Car Detached Garage

Home Design

  • 4,611 Sq Ft Home
  • Vinyl 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

Additional Features

  • Porch
  • 8,000 Sq Ft Lot

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 320
  • Assessor Parcel Number 118PROGRESSAVPROV

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,091

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Above Grade Finished Sq Ft: 4611.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1920
  • Special Features: RealEstateOwned
  • 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: Vinyl Siding
  • Exterior Features: Porch
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8000.0
  • Parcel #: 118PROGRESSAVPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 5091.0
  • Tax Lot: 320
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2019
Closed on
Apr 7, 2020
Sold by
Usa Hud
Bought by
Deleon Marvin M
Seller's Agent
Joy Riley
Westcott Properties
Buyer's Agent
Sussy Deleon
RE/MAX New Horizons
List Price
$175,000
Sold Price
$280,000
Premium/Discount to List
$105,000
60%
Current Estimated Value
$578,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,667
Avg. Annual Appreciation
14.63%
Original Mortgage
$291,448
Outstanding Balance
$260,513
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$321,487

Purchase Details

Listed on
Dec 26, 2019
Closed on
Feb 25, 2020
Sold by
Bano Of America Na
Bought by
Usa Hud
Seller's Agent
Joy Riley
Westcott Properties
Buyer's Agent
Sussy Deleon
RE/MAX New Horizons
List Price
$175,000
Sold Price
$280,000
Premium/Discount to List
$105,000
60%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,448
Outstanding Balance
$260,513
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$321,487

Purchase Details

Closed on
Aug 9, 2016
Sold by
Quinonez Julio and Bank Of America Na
Bought by
Bank Of America Na

Purchase Details

Closed on
Feb 25, 2015
Sold by
Quinonez Julio and Bank Of America Na
Bought by
Bank Of America Na

Purchase Details

Closed on
May 2, 2005
Sold by
Salguero Melvin and Salguero Dalila
Bought by
Quinonez Julio

Purchase Details

Closed on
Sep 9, 2003
Sold by
Salguero Melvin L
Bought by
Vasquez Dalila

Purchase Details

Closed on
Sep 30, 1998
Sold by
Laurenzo Paul A
Bought by
Salguero Melvin L
Source: Public Records

Range of Values:

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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
Deleon Marvin M $280,000 None Available
Usa Hud -- None Available
Bank Of America Na $549,780 --
Bank Of America Na $95,700 --
Quinonez Julio $311,000 --
Vasquez Dalila $205,000 --
Salguero Melvin L $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deleon Marvin M $291,448
Closed Deleon Marvin M $291,448
Previous Owner Salguero Melvin L $347,215
Previous Owner Salguero Melvin L $342,084
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2020 04/10/20 Sold $280,000 +60.0% $61 / Sq Ft
03/11/2020 03/11/20 Pending -- -- --
12/26/2019 12/26/19 For Sale $175,000 -- $38 / 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 $6,079 $331,300 $75,600 $255,700
2023 $6,079 $331,300 $75,600 $255,700
2022 $5,897 $331,300 $75,600 $255,700
2021 $5,091 $207,300 $51,900 $155,400
2020 $5,091 $207,300 $51,900 $155,400
2019 $5,091 $207,300 $51,900 $155,400
2018 $4,669 $146,100 $50,400 $95,700
2017 $4,669 $146,100 $50,400 $95,700
2016 $4,657 $145,700 $50,400 $95,300
2015 $4,290 $129,600 $53,500 $76,100
2014 $4,374 $129,600 $53,500 $76,100
2013 $4,374 $129,600 $53,500 $76,100
Source: Public Records

Agents Affiliated with this Home

  • Joy Riley

    Seller's Agent in 2020

    Joy Riley

    Westcott Properties

    (401) 952-7887

    7 in this area

    318 Total Sales

    Section Image
  • Sussy Deleon

    Buyer's Agent in 2020

    Sussy Deleon

    RE/MAX New Horizons

    (401) 331-8855

    14 in this area

    152 Total Sales

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Map

Source: State-Wide MLS

MLS Number: 1243637

State-Wide MLS

APN: PROV-001040-000320-000000

Rhode Island Providence County Providence 02909 Silver Lake

118 Progress Ave Unit 120, Providence, RI

This home is located at 118 Progress Ave Unit 120, Providence, RI 02909 since 26 December 2019 and is currently estimated at $577,333, approximately $125 per square foot. This property was built in 1920. 118 Progress Ave Unit 120 is a home located in Providence County with nearby schools including Charles N. Fortes Elementary School, Asa Messer Elementary School, and Laurel Hill Annex School.

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