122 5th St Providence, RI 02906
Hope Neighborhood
6
Beds
3
Baths
4,158
Sq Ft
4,635
Sq Ft Lot
Highlights
- Barn
- Wood Flooring
- 3 Car Detached Garage
- Deck
- Furnished
- 4-minute walk to Summit Ave Playground (Kerry Kohring Park)
About This Home
As of August 2022Terrific 3-unit in sought-after Summit neighborhood! Property is being sold fully furnished and has a robust Airbnb rental history. 250+ Airbnb reviews give property a 5-star rating! NOI=$73,100 => 12.6% cap rate. If owner-occupied, NOI= ~48K => 8.3% cap rate. Property is very well-maintained with excellent mechanicals, replaced windows, recent electrical, plumbing and copper water service, updated kitchens and baths. Bonus 3-car garage/barn with loft space means added value. Note: If owner-occupied: 2019 tax bill => $5,923. Monthly rents shown are projected market rents for units if rented on an annual basis. Showing times available upon request. Superb opportunity!
Last Agent to Sell the Property
Compass / Lila Delman Compass License #REB.0014156 Listed on: 02/24/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,868
Year Built
- Built in 1910
Parking
- 3 Car Detached Garage
- Garage Door Opener
- Driveway
Home Design
- Combination Foundation
- Aluminum Siding
- Plaster
Interior Spaces
- 4,158 Sq Ft Home
- 3-Story Property
- Furnished
- Thermal Windows
- Storage Room
- Utility Room
Kitchen
- Oven
- Range
- Microwave
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Deck
- Porch
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Heating System Uses Steam
- 220 Volts
- 100 Amp Service
- Gas Water Heater
- Cable TV Available
Additional Features
- 4,635 Sq Ft Lot
- Property near a hospital
- Barn
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 35
- Assessor Parcel Number 122124FIFTHSTPROV
Community Details
Overview
- 2 Buildings
- 3 Units
- Summit/Miriam Hospital Subdivision
Amenities
- Shops
- Public Transportation
Building Details
- Operating Expense $24,100
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
41
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $740,000 | None Available | |
| Warranty Deed | $570,000 | None Available | |
| Warranty Deed | $440,000 | -- | |
| Deed | $395,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $540,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $559,675 | FHA | |
| Previous Owner | $283,000 | New Conventional | |
| Previous Owner | $155,950 | No Value Available | |
| Previous Owner | $315,900 | Purchase Money Mortgage |
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: 1248045
APN: PROV-730035-000000-000000
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