122 5th St Providence, RI 02906
Hope NeighborhoodEstimated Value: $762,000 - $924,000
6
Beds
3
Baths
3,672
Sq Ft
$237/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
- 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
Total Days on Market
6
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
6.03%
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 / Lila Delman 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 / Lila Delman 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
Similar Homes in Providence, RI
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 | $540,000 | |
| 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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 |
| 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
Seller's Agent in 2022
Rickard Smith
HomeSmart Professionals
(401) 834-2156
1 in this area
23 Total Sales
-
Debbie Gold
Buyer's Agent in 2022
Debbie Gold
Coldwell Banker Realty
(401) 640-0403
6 in this area
132 Total Sales
-
Rebecca Mayer
Seller's Agent in 2020
Rebecca Mayer
Compass / Lila Delman Compass
(401) 447-8040
1 in this area
135 Total Sales
-
Team RISE REC
T
Buyer Co-Listing Agent in 2020
Team RISE REC
RISE REC
(401) 308-3279
182 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1313656
APN: PROV-730035-000000-000000
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