$1,880,000
SOLD MAY 29, 2024

122 Hope St Providence, RI 02906

College Hill Neighborhood
8 Beds
5.5 Baths
7,140 Sq Ft
0.35 Acres

Recently Sold

$263 Per Sq Ft

25% Below List Price

168 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • 2 Fireplaces
  • 0.35 Acre Lot
  • Attic
  • 3-minute walk to Brassil Park

About This Home

As of May 2024

"Rich folks live on Power, but most of us live off Hope" ~ excerpted from the iconic cartoon designed by John Peck (1978).

Located at the corner of Power and Hope Streets, this signature 6-unit Victorian Mansard home is available for the first time in almost 50 years. The Underwood-Hale Durfee House ca. 1823 has been beautifully restored and impeccably maintained by its current owner/resident. Period details abound: multiple stained glass windows, lovely millwork and built-ins, pocket doors and a towering belvedere served by an internal stairway. Roofs have been recently replaced, exterior painted, updated mechanicals, A/C. Carefully landscaped gardens provide a secluded and spacious oasis on an expansive 15,000+ SF lot with 3-car garage plus ample parking. Truly an exceptional opportunity! Please Note: A Conservation Easement protects the open area of the property. Further information is available upon request. (Also: MLS limits data entry to a max of 4 units; the property is a legal 6-unit and currently used as a 5-unit in order to preserve the owner-occupied Homestead Exemption) NOTE: Owner-occupancy in R-1 district allows for short-term rentals yielding a very generous income stream!

Last Agent to Sell the Property

Rebecca Mayer

Compass / Lila Delman Compass License #REB.0014156

Compass / Lila Delman Compass

Last Buyer's Agent

Rebecca Mayer

Compass / Lila Delman Compass License #REB.0014156

Compass / Lila Delman Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,007

Year Built

  • Built in 1823

Lot Details

  • 0.35 Acre Lot
  • Fenced
  • Corner Lot
  • Sprinkler System

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Combination Foundation
  • Wood Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 7,140 Sq Ft Home
  • 3-Story Property
  • Furnished
  • 2 Fireplaces
  • Self Contained Fireplace Unit Or Insert
  • Fireplace Features Masonry
  • Gas Fireplace
  • Living Room
  • Storage Room
  • Utility Room
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Home Security

  • Security System Owned
  • Storm Windows
  • Storm Doors

Outdoor Features

  • Walking Distance to Water
  • Patio
  • Porch

Utilities

  • Ductless Heating Or Cooling System
  • Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Heat Pump System
  • Baseboard Heating
  • 220 Volts
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 185
  • Assessor Parcel Number 122HOPESTPROV

Community Details

Overview

  • 4 Units
  • Fox Point Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina

Building Details

  • Operating Expense $25,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,007

Year Built

Built in 1823

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3531
  • Inclusions: Hot water supply for all units is paid by Owner 2A: heat, electric and hot water are included in rent (currently vacant) Units G, 2B and 3 are furnished rentals Exclusions: tall mirror w/gold frame, brass drapery rods and drapes (Unit 1) Unit 1 and 2A will be delivered vacant at closing Property has preservation easement to restrict development
  • Subdivision Name: Fox Point
  • Above Grade Finished Sq Ft: 7140.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1823
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Number Of Buildings: 1
  • Appliances: Common Water Heater, Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Owner Pays: Hot Water
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Door Features: Storm Door(s)
  • Fireplace Features: Insert, Gas, Masonry
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Interior Amenities: Attic, Permanent Attic Stairs, Tub Shower, Furnished
  • Dining Room Type: Bathroom, Bedroom, Kitchen, Laundry, Living Room, Storage Room, Utility Room
  • Stories: 3
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: Other

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot, Sprinkler System
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Wood Siding
  • Exterior Features: Porch, Patio, Sprinkler/Irrigation, Paved Driveway
  • Foundation Details: Combination
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 10.0

Utilities

  • Laundry Features: Common Area, In Unit
  • Security: Security System Owned
  • Cooling: Central Air, Ductless
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Heat Pump, Individual, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, 220 Volts
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Schools, Public Transportation, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15381.0
  • Parcel #: 122HOPESTPROV
  • Zoning: R1 HD
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Location: Public Transportation,Walkability

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 25000.0

Tax Info

  • Tax Annual Amount: 15007.0
  • Tax Lot: 185
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2024 05/29/24 Sold $1,880,000 -16.4% $263 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
01/16/2024 01/16/24 Price Changed $2,250,000 -10.0% $315 / Sq Ft
11/15/2023 11/15/23 For Sale $2,500,000 -- $350 / Sq Ft
Source: State-Wide MLS

Source: State-Wide MLS

MLS Number: 1348177

State-Wide MLS

Rhode Island Providence County Providence 02906 College Hill

122 Hope St, Providence, RI

Homes for Sale in Providence, RI

This home is located at 122 Hope St, Providence, RI 02906 and is currently priced at $1,880,000, approximately $263 per square foot. This property was built in 1823. 122 Hope St is a home located in Providence County with nearby schools including Asa Messer Elementary School, Charles N. Fortes Elementary School, and Robert L. Bailey IV Elementary.

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