NOT LISTED FOR SALE

1262 Mendon Rd Cumberland, RI 02864

Ashton Neighborhood

Estimated Value: $435,602 - $634,000

5 Beds
3 Baths
2,496 Sq Ft
$218/Sq Ft Est. Value

Last Sold May 31, 2016

Last sale price $220,000 $88 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $3,384/month

516 Days on Market

Highlights

  • River Access
  • Wood Flooring
  • Shops
  • Ashton School Rated A-
  • Public Transportation
  • Baseboard Heating

About This Home

As of May 2016

$2,675 a month income property....Two 1 bed units on the 1st fl have been completely remodeled. 2nd fl unit has 2-4 beds & has been updated, large flat parking area, new electric & gas service.

Last Agent to Sell the Property

Paul Gagnon

William Raveis Inspire License #RES.0049740 Listed on: 12/01/2014

William Raveis Inspire

Last Buyer's Agent

Marguerite Jacob

RE/MAX Town & Country License #REB.0012987

RE/MAX Town & Country

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,808

Year Built

  • Built in 1940

Lot Details

  • 5,881 Sq Ft Lot
  • Fenced

Home Design

  • Combination Foundation
  • Stone Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,496 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • River Access
  • Walking Distance to Water

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for hot water
  • Tax Block 0002
  • Assessor Parcel Number 1262MENDONRDCUMB

Community Details

Overview

  • 3 Units
  • Ashton Subdivision

Amenities

  • Shops
  • Public Transportation

Building Details

  • Operating Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,808

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.135
  • Subdivision Name: ASHTON
  • Above Grade Finished Sq Ft: 2496.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1940
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Owner Pays: Hot Water
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Cable TV
  • Living Area: 2496.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: River Access, Walk to Water
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Combination, Concrete Perimeter, Stone

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Common, Hot Water, Individual, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 5881.0
  • Parcel #: 1262MENDONRDCUMB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 1500.0

Tax Info

  • Tax Annual Amount: 3808.0
  • Tax Block: 0002
  • Tax Lot: 00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2014
Closed on
Aug 19, 2016
Sold by
Garon Arymond J Est
Bought by
Holcomb Melissa S and Holcomb Steven
Seller's Agent
Paul Gagnon
William Raveis Chapman Enstone
Buyer's Agent
Paul Gagnon
William Raveis Chapman Enstone
List Price
$264,000
Sold Price
$220,000
Premium/Discount to List
-$44,000
-16.67%
Current Estimated Value
$544,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,901
Avg. Annual Appreciation
10.87%
Original Mortgage
$165,000
Interest Rate
3.43%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 27, 2015
Sold by
Garon Steven A Est
Bought by
Garon Claire M

Purchase Details

Closed on
Dec 13, 1988
Sold by
Garon Anita B
Bought by
Garon Ernest F
Source: Public Records

Range of Values:

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Average Value
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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
Holcomb Melissa S $220,000 --
Garon Claire M -- --
Garon Ernest F $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holcomb Steven $245,000
Closed Garon Ernest F $165,000
Closed Garon Ernest F $165,000
Previous Owner Garon Ernest F $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2016 05/31/16 Sold $220,000 -16.7% $88 / Sq Ft
05/01/2016 05/01/16 Pending -- -- --
12/01/2014 12/01/14 For Sale $264,000 -- $106 / 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 $5,260 $440,200 $133,900 $306,300
2023 $5,115 $440,200 $133,900 $306,300
2022 $4,407 $294,000 $93,600 $200,400
2021 $4,334 $294,000 $93,600 $200,400
2020 $4,210 $294,000 $93,600 $200,400
2019 $3,722 $234,400 $78,200 $156,200
2018 $3,614 $234,400 $78,200 $156,200
2017 $3,743 $246,100 $78,200 $167,900
2016 $3,469 $203,100 $70,000 $133,100
2015 $3,469 $203,100 $70,000 $133,100
2014 -- $203,100 $70,000 $133,100
2013 $3,808 $241,300 $127,100 $114,200
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Paul Gagnon

    William Raveis Inspire

    (401) 378-6876

    2 Total Sales

    Paul Gagnon
    Section Image
  • Marguerite Jacob

    Buyer's Agent in 2016

    Marguerite Jacob

    RE/MAX Town & Country

    (401) 529-0831

    56 Total Sales

    Marguerite Jacob
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1084274

State-Wide MLS

APN: CUMB-000058-000002-000000

Rhode Island Providence County Cumberland 02864 Ashton

1262 Mendon Rd, Cumberland, RI

This home is located at 1262 Mendon Rd, Cumberland, RI 02864 since 01 December 2014 and is currently estimated at $544,901, approximately $218 per square foot. This property was built in 1940. 1262 Mendon Rd is a home located in Providence County with nearby schools including Ashton School, Joseph L. McCourt Middle School, and Cumberland High School.

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