NOT LISTED FOR SALE

1282 Mendon Rd Cumberland, RI 02864

Ashton Neighborhood

Estimated Value: $450,000 - $601,000

6 Beds
4 Baths
5,676 Sq Ft
$93/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $410,000 $72 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,183/month

62 Days on Market

Highlights

  • 2 Car Detached Garage
  • Storm Windows
  • Bathtub with Shower
  • Ashton Elementary School Rated A-
  • Cooling System Mounted In Outer Wall Opening
  • Laundry Room

About This Home

As of October 2021

INVESTMENT OPPORTUNITY! 2 buildings with 4 residential units set on a spacious lot! The main building offers three residential units and the second building offers two garages that could be rented with one additional residential unit. Well maintained units inside with all month to month long term tenants. Rents below market rent for the area. Updated electrical with circuit breakers, young gas heating and gas hot water tanks. Connected to town sewer and water. Offers plenty of parking, storage and a private yard space. Convenient location on the bus line near shopping and restaurants.

Last Agent to Sell the Property

Arianne Tanasio

Tanasio Realty Advisors License #REB.0018299 Listed on: 07/14/2021

Last Buyer's Agent

Norcliffe Davidson

HomeSmart Professionals License #RES.0033529

HomeSmart Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,080

Year Built

  • Built in 1860

Lot Details

  • 7,841 Sq Ft Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Fixer Upper
  • Combination Foundation
  • Plaster

Interior Spaces

  • 5,676 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Utility Room
  • Storm Windows

Kitchen

  • Oven
  • Range
  • Microwave

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 58
  • Assessor Parcel Number 1282MENDONROADCUMB

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Ashton Subdivision

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,080

Year Built

Built in 1860

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Subdivision Name: Ashton
  • Above Grade Finished Sq Ft: 5676.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1860
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Interior Amenities: Tub Shower
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Paved
  • Construction Type: Drywall, Plaster
  • Foundation Details: Combination
  • Property Condition: Fixer

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7841.0
  • Parcel #: 1282MENDONROADCUMB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4080.0
  • Tax Lot: 58
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Oct 15, 2021
Sold by
Jacinto Frank and Jacinto Danielle
Bought by
Maldonado-Polanco Mery K
Seller's Agent
Arianne Tanasio
Tanasio Realty Advisors
Buyer's Agent
Norcliffe Davidson
HomeSmart Professionals
List Price
$440,000
Sold Price
$410,000
Premium/Discount to List
-$30,000
-6.82%
Current Estimated Value
$525,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,591
Avg. Annual Appreciation
6.34%
Original Mortgage
$402,573
Outstanding Balance
$367,109
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$158,482

Purchase Details

Closed on
Jan 20, 2017
Sold by
Jacinto Frank
Bought by
Jacinto Frank and Jacinto Danielle

Purchase Details

Closed on
Dec 31, 2015
Sold by
Jacinto Frank and Medeiros Joao C
Bought by
Jacinto Frank

Purchase Details

Listed on
Sep 1, 2012
Closed on
Dec 27, 2012
Sold by
Busiere Claire
Bought by
Jacinto Frank and Medeiros Joao C
Seller's Agent
Debra Smith
Residential Properties Ltd.
Buyer's Agent
Debra Smith
Residential Properties Ltd.
List Price
$230,000
Sold Price
$192,000
Premium/Discount to List
-$38,000
-16.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$134,400
Interest Rate
3.38%
Mortgage Type
Commercial
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
Maldonado-Polanco Mery K $410,000 None Available
Jacinto Frank -- --
Jacinto Frank -- --
Jacinto Frank $192,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maldonado-Polanco Mery K $402,573
Previous Owner Jacinto Frank $134,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2021 10/15/21 Sold $410,000 -6.8% $72 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $440,000 +129.2% $78 / Sq Ft
12/27/2012 12/27/12 Sold $192,000 -16.5% $57 / Sq Ft View Prior Sale
11/27/2012 11/27/12 Pending -- -- --
09/01/2012 09/01/12 For Sale $230,000 -- $68 / 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
2025 $5,112 $416,600 $135,900 $280,700
2024 $4,978 $416,600 $135,900 $280,700
2023 $4,841 $416,600 $135,900 $280,700
2022 $4,149 $276,800 $95,000 $181,800
2021 $4,080 $276,800 $95,000 $181,800
2020 $3,964 $276,800 $95,000 $181,800
2019 $3,341 $210,400 $79,300 $131,100
2018 $418 $210,400 $79,300 $131,100
2017 $3,200 $210,400 $79,300 $131,100
2016 $3,314 $194,000 $78,300 $115,700
2015 $3,314 $194,000 $78,300 $115,700
2014 $3,314 $194,000 $78,300 $115,700
2013 $3,202 $202,900 $77,900 $125,000
Source: Public Records

Agents Affiliated with this Home

  • Arianne Tanasio

    Seller's Agent in 2021

    Arianne Tanasio

    Tanasio Realty Advisors

    (401) 641-9955

    1 in this area

    148 Total Sales

    Arianne Tanasio
    Section Image

  • N

    Buyer's Agent in 2021

    Norcliffe Davidson

    HomeSmart Professionals

    1 in this area

    26 Total Sales

    Norcliffe Davidson
    Section Image

  • D

    Seller's Agent in 2012

    Debra Smith

    Residential Properties Ltd.

    (401) 368-2354

    1 in this area

    39 Total Sales

    Debra Smith
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1288343

State-Wide MLS

APN: CUMB-000058-000058-000000

Rhode Island Providence County Cumberland 02864 Ashton

1282 Mendon Rd, Cumberland, RI

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