NOT LISTED FOR SALE

Estimated Value: $466,000 - $512,871

5 Beds
2 Baths
1,912 Sq Ft
$261/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $430,700 $225 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,235/month

24 Days on Market

About This Home

As of April 2023

Rare 2-family building located in the desirable Knightsville section of Cranston! Each unit is bright and well maintained with hardwoods throughout. This property mixes together some great character detail and newer updates. Both units have good-sized main bedrooms and large closets. The units are gas heated and the large basement has more storage and washer/dryer hookups for each unit. On the exterior, the brick front provides curb appeal and the shaded yard is a nice outdoor space to spend your time. The driveway easily fits 4 cars and the basement bulkhead provides convenient access. You're located on a cut-de-sac off the main streets, yet only a short drive to the highway and some fun restaurants/attractions in the area.

Rents for this property are below market and rental properties are hard to come by. Come check out this unique home! Showings ONLY by appointment via three separate showing blocks. ** HIGHEST AND BEST OFFER DEADLINE MONDAY (3/27/23) @ 1P **

Last Agent to Sell the Property

Raymond Majeau

Premeer Real Estate License #RES.0035907 Listed on: 03/20/2023

Last Buyer's Agent

Lisa Cohen

RI Real Estate Services License #RES.0042852

RI Real Estate Services

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,795

Year Built

1880

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Inclusions: 2nd floor tenants is currently TAW (month to month). First floor is vacant. Buyer/buyer agent to confirm all measurements. Electric, gas and cable utilities are separate. Water/sewer is shared.
  • Subdivision Name: Knightsville
  • Above Grade Finished Sq Ft: 1912.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1880
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Attic, Tub Shower
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Cul-De-Sac
  • Construction Type: Drywall, Plaster, Brick, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Combination

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Highway Access, Restaurant, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9148.0
  • Parcel #: 12SOPRANOCIRCRAN
  • Zoning: B1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5070.0
  • Tax Lot: 321
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2023
Closed on
Apr 14, 2023
Sold by
Sherman Jared W
Bought by
Mardenli Julian
Seller's Agent
Raymond Majeau
Premeer Real Estate
Buyer's Agent
Lisa Cohen
RI Real Estate Services
List Price
$419,000
Sold Price
$430,700
Premium/Discount to List
$11,700
2.79%
Views
610
Current Estimated Value
$498,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,768
Avg. Annual Appreciation
7.52%
Original Mortgage
$435,000
Outstanding Balance
$425,225
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$81,801

Purchase Details

Closed on
Jan 31, 2013
Sold by
Corona Nadine J
Bought by
Sherman Jared W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,739
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2002
Sold by
Carbone Robert and Carbone Ann Marie
Bought by
Corona Edward A and Carona Nadine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.84%

Purchase Details

Closed on
Jan 19, 1995
Sold by
Amaral Antoinette A
Bought by
Carbone Robert K and Carbone Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
9.16%
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
Mardenli Julian $430,700 None Available
Sherman Jared W $180,000 --
Corona Edward A $176,000 --
Carbone Robert K $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mardenli Julian $435,000
Previous Owner Carbone Robert K $176,739
Previous Owner Carbone Robert K $100,000
Previous Owner Carbone Robert K $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $430,700 +2.8% $225 / Sq Ft
03/20/2023 03/20/23 For Sale $419,000 -- $219 / 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 $5,795 $425,800 $114,900 $310,900
2023 $5,177 $273,900 $75,700 $198,200
2022 $5,070 $273,900 $75,700 $198,200
2021 $4,930 $273,900 $75,700 $198,200
2020 $4,763 $229,300 $72,100 $157,200
2019 $4,763 $229,300 $72,100 $157,200
2018 $4,652 $229,300 $72,100 $157,200
2017 $4,469 $194,800 $64,900 $129,900
2016 $4,373 $194,800 $64,900 $129,900
2015 $4,373 $194,800 $64,900 $129,900
2014 $4,191 $183,500 $64,900 $118,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1331674

State-Wide MLS

APN: CRAN-000012-000004-000321