Seller's Agent in 2022
Rickard Smith
HomeSmart Professionals
(401) 834-2156
1 in this area
22 Total Sales
122 5th St Providence, RI 02906
Hope NeighborhoodEstimated Value: $913,000 - $989,000
6
Beds
3
Baths
3,672
Sq Ft
$259/Sq Ft
Est. Value
Highlights
- Golf Course Community
- 3 Car Detached Garage
- Public Transportation
- Tennis Courts
- Storm Windows
- 4-minute walk to Summit Ave Playground (Kerry Kohring Park)
About This Home
As of August 2022Welcome to Rhode Island, today we are taking a tour of a classic updated three-family home on the Eastside of Providence, one of the most sought-after locations throughout Rhode Island, this walkable neighborhood offers shopping, dining, or enjoy the fresh air for a jog throughout your new neighborhood.
This three-family investment offers hardwood floors, 2 bedrooms per floor, individual laundry, and new appliances throughout.
Off-street parking with oversized 3-car garage, fenced area for your furry buddies, amazing rental history with top-of-the-market rental income. The 2nd-floor deck expands your three-season living space, perfect for working at home or enjoying a glass of wine.
INVESTORS:
Monthly Income $6,000 / Annual $72,000 - GROSS Rent Multipler 10.42 - Cash on Cash 10.0% - Implied Cap Rate 7.4%
Last Agent to Sell the Property
HomeSmart Professionals License #RES.0040155 Listed on: 07/13/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,868
Year Built
- Built in 1910
Lot Details
- 4,792 Sq Ft Lot
- Fenced
- Paved or Partially Paved Lot
Parking
- 3 Car Detached Garage
- Garage Door Opener
Home Design
- Combination Foundation
- Wood Siding
- Vinyl Siding
- Plaster
Interior Spaces
- 3,672 Sq Ft Home
- 3-Story Property
- Utility Room
- Storm Windows
Kitchen
- Oven
- Range with Range Hood
- Dishwasher
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Location
- Property near a hospital
Utilities
- No Cooling
- Heating System Uses Gas
- Hot Water Heating System
- Heating System Uses Steam
- Gas Water Heater
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 35
- Assessor Parcel Number 1225THSTPROV
Community Details
Overview
- 2 Buildings
- 3 Units
- Hope Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 30, 2022
Sold by
Yadav Bijay
Bought by
Suvam Llc
Current Estimated Value
Purchase Details
Listed on
Jul 13, 2022
Closed on
Aug 29, 2022
Sold by
Bowen Patrick J
Bought by
Yadav Bijay
Seller's Agent
Rickard Smith
HomeSmart Professionals
Buyer's Agent
Debbie Gold
Coldwell Banker Realty
List Price
$750,000
Sold Price
$740,000
Premium/Discount to List
-$10,000
-1.33%
Views
8
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.51%
Purchase Details
Listed on
Feb 24, 2020
Closed on
May 6, 2020
Sold by
Chu Joshua P
Bought by
Bowen Patrick J
Seller's Agent
Rebecca Mayer
Compass
Buyer's Agent
Rickard Smith
HomeSmart Professionals
List Price
$579,000
Sold Price
$570,000
Premium/Discount to List
-$9,000
-1.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.91%
Original Mortgage
$559,675
Interest Rate
3.5%
Mortgage Type
FHA
Purchase Details
Listed on
Jun 27, 2018
Closed on
Sep 21, 2018
Sold by
Cardiff Giant Llc
Bought by
Chu Joshua P
Seller's Agent
Rebecca Mayer
Compass
Buyer's Agent
Rebecca Mayer
Residential Properties, Ltd.
List Price
$479,000
Sold Price
$440,000
Premium/Discount to List
-$39,000
-8.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.33%
Original Mortgage
$283,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 11, 2004
Sold by
Cameron Donna W
Bought by
Mulvey Thomas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,900
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Suvam Llc | -- | None Available | |
| Yadav Bijay | $740,000 | None Available | |
| Bowen Patrick J | $570,000 | None Available | |
| Chu Joshua P | $440,000 | -- | |
| Mulvey Thomas | $395,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Bowen Patrick J | $559,675 | |
| Previous Owner | Chu Joshua P | $283,000 | |
| Previous Owner | Mulvey Thomas | $155,950 | |
| Previous Owner | Mulvey Thomas | $315,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/30/2022 08/30/22 | Sold | $740,000 | -1.3% | $202 / Sq Ft | |
| 07/19/2022 07/19/22 | Pending | -- | -- | -- | |
| 07/13/2022 07/13/22 | For Sale | $750,000 | +31.6% | $204 / Sq Ft | |
| 05/06/2020 05/06/20 | Sold | $570,000 | -1.6% | $137 / Sq Ft | View Prior Sale |
| 04/06/2020 04/06/20 | Pending | -- | -- | -- | |
| 02/24/2020 02/24/20 | For Sale | $579,000 | +31.6% | $139 / Sq Ft | |
| 09/21/2018 09/21/18 | Sold | $440,000 | -8.1% | $169 / Sq Ft | View Prior Sale |
| 08/22/2018 08/22/18 | Pending | -- | -- | -- | |
| 06/27/2018 06/27/18 | For Sale | $479,000 | -- | $184 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $10,004 | $545,200 | $250,000 | $295,200 |
| 2023 | $10,004 | $545,200 | $250,000 | $295,200 |
| 2022 | $9,705 | $545,200 | $250,000 | $295,200 |
| 2021 | $9,868 | $401,800 | $198,900 | $202,900 |
| 2020 | $9,868 | $401,800 | $198,900 | $202,900 |
| 2019 | $9,868 | $401,800 | $198,900 | $202,900 |
| 2018 | $8,559 | $267,800 | $172,100 | $95,700 |
| 2017 | $8,559 | $267,800 | $172,100 | $95,700 |
| 2016 | $8,559 | $267,800 | $172,100 | $95,700 |
| 2015 | $7,798 | $235,600 | $160,700 | $74,900 |
| 2014 | $7,952 | $235,600 | $160,700 | $74,900 |
| 2013 | $7,952 | $235,600 | $160,700 | $74,900 |
Source: Public Records
Agents Affiliated with this Home
-
Rickard Smith
-
Debbie Gold
Buyer's Agent in 2022
Debbie Gold
Coldwell Banker Realty
(401) 640-0403
4 in this area
124 Total Sales
-
Rebecca Mayer
Seller's Agent in 2020
Rebecca Mayer
Compass
(401) 447-8040
2 in this area
135 Total Sales
-
Team RISE REC
T
Buyer Co-Listing Agent in 2020
Team RISE REC
RISE REC
(401) 308-3279
132 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1313656
APN: PROV-730035-000000-000000
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