NOT LISTED FOR SALE

Estimated Value: $331,000 - $407,000

5 Beds
2 Baths
2,889 Sq Ft
$125/Sq Ft Est. Value

Last Sold May 05, 2023

Last sale price $260,000 $90 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,426/month

139 Days on Market

Highlights

  • Deck
  • Recreation Facilities
  • Public Transportation
  • Wood Flooring
  • Bathtub with Shower
  • Shops

About This Home

As of May 2023

Solid two family on a double lot near town, shopping, highway access and everything a owner occupant or real estate investor on the move needs to make their numbers work. Move in ready building with a long list of updates, the current owner purchased, held and brought this cute investment property up to standard, so now you can turn the key and move in ready to collect your rent on day one of ownership. This investment property is also a home with curb appeal, on a double lot, so the parking and yard with a scenic little stream behind you are exceptional, some things are tough to compare especially when a good condition two family is listed under 300k. Units are back to back so they both have their own clear egress, similar to a townhome style in terms of privacy for each unit, but smaller apartment is also just right for a live at home older family member/guest or an owner occupant investor who prefers a quiet life style and tenant. Both units feature updated kitchens and baths with sharp tile floors, harwoods, all appliances convey and the mechanical systems including electrical and heating are updated and in great working order as well. This building is a winner, perfect starter or quick addition to your existing portfolio, Carpe Diem!

Last Listed By

Matt Patty

Real Broker, LLC Listed on: 06/15/2022

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,001

Year Built

  • Built in 1940

Lot Details

  • 8,276 Sq Ft Lot
  • Fenced

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2,889 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 10 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Deck
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 0141
  • Assessor Parcel Number 1315BAKERSTWWAR

Community Details

Overview

  • 2 Units
  • Arctic Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,001

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • Subdivision Name: Arctic
  • Above Grade Finished Sq Ft: 2889.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1940
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Stories: 2
  • ResoLivingAreaSource: Owner

Exterior Features

  • Fencing: Fenced
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Vinyl Siding
  • Exterior Features: Deck, Paved Driveway
  • Foundation Details: Block
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 10.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: 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, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8276.0
  • Parcel #: 1315BAKERSTWWAR
  • Zoning: R6
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5001.0
  • Tax Lot: 0141
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
May 5, 2023
Sold by
Smith Patrick
Bought by
Diglio Matthew M
Seller's Agent
Matt Patty
Real Broker, LLC
Buyer's Agent
Blanchet Group
RE/MAX Town & Country
List Price
$315,000
Sold Price
$260,000
Premium/Discount to List
-$55,000
-17.46%
Total Days on Market
139
Views
217
Current Estimated Value
$360,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,795
Avg. Annual Appreciation
17.42%
Original Mortgage
$255,290
Outstanding Balance
$249,388
Interest Rate
6.25%
Mortgage Type
FHA
Estimated Equity
$111,407

Purchase Details

Closed on
May 3, 2011
Sold by
Department Of Housing & Urban Dev
Bought by
Smith Patrick

Purchase Details

Closed on
Jul 12, 2010
Sold by
Ri Hsng Mtg Finance Co
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
Jun 18, 2010
Sold by
Green Vincent
Bought by
Rhode Island Housing & M

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
Diglio Matthew M $260,000 None Available
Smith Patrick $77,014 --
Department Of Housing & Urban Dev -- --
Rhode Island Housing & M $158,730 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diglio Matthew M $255,290
Previous Owner Green Vincent $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2023 05/05/23 Sold $260,000 -3.7% $90 / Sq Ft
11/02/2022 11/02/22 Pending -- -- --
09/01/2022 09/01/22 Price Changed $270,000 -1.8% $93 / Sq Ft
08/05/2022 08/05/22 Price Changed $275,000 -4.5% $95 / Sq Ft
07/21/2022 07/21/22 Price Changed $288,000 -3.4% $100 / Sq Ft
07/06/2022 07/06/22 Price Changed $298,000 -2.3% $103 / Sq Ft
06/22/2022 06/22/22 Price Changed $305,000 -3.2% $106 / Sq Ft
06/15/2022 06/15/22 For Sale $315,000 -- $109 / 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 $4,986 $243,600 $53,000 $190,600
2023 $4,889 $243,600 $53,000 $190,600
2022 $4,811 $243,600 $53,000 $190,600
2021 $5,001 $167,300 $43,500 $123,800
2020 $5,001 $167,300 $43,500 $123,800
2019 $4,905 $167,300 $43,500 $123,800
2018 $5,272 $134,500 $40,900 $93,600
2017 $5,104 $134,500 $40,900 $93,600
2016 $5,013 $134,500 $40,900 $93,600
2015 $4,700 $126,100 $40,900 $85,200
2014 $1,149 $126,100 $40,900 $85,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1312320

State-Wide MLS

APN: WWAR-000006-000141-000000