NOT LISTED FOR SALE

132 Wentworth Ave Cranston, RI 02905

Edgewood Neighborhood

Estimated Value: $671,347 - $759,000

6 Beds
3 Baths
4,892 Sq Ft
$144/Sq Ft Est. Value

Last Sold April 13, 2021

Last sale price $425,000 $87 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,330/month

17 Days on Market

Highlights

  • Marina
  • Walking Distance to Water
  • Laundry Room
  • Wood Flooring
  • 2 Car Detached Garage
  • Storage Room

About This Home

As of April 2021

Investor's roll call- Here is your opportunity to purchase an Edgewood money maker. Fully rented with leases in place, the new owner stands to collect excellent rents from seasoned tenants while having room to earn further equity and even higher rents with proper improvements to the building. large 2 bay garage has plenty of depth, perfect for your own storage or rent to tenants at a premium. Tenants presently get one space per unit but there is plenty of room for more parking off-street. Will not pass FHA/VA, please call to discuss.
Showings will be conducted by appointment only, and strictly observing covid protocol and etiquette for everyone's health, safety, and dignity is non-negotiable. Evidence of pre-approvals/POF will be required. Do not arrive without an appointment

Last Agent to Sell the Property

Kevin Shepherd

Tidal Consultation LLC License #REB.0018456 Listed on: 02/24/2021

Last Buyer's Agent

Sara Chaffee

Mott & Chace Sotheby's Intl. License #RES.0040579

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,324

Year Built

  • Built in 1924

Lot Details

  • 7,405

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Foundation
  • Aluminum Siding
  • Plaster

Interior Spaces

  • 4,892 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry Room
  • Utility Room

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Radiant Heating System
  • Heating System Uses Steam
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • Walking Distance to Water
  • 7,405 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Legal Lot and Block 2401 / 3
  • Assessor Parcel Number 132134WENTWORTHAVCRAN

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Edgewood Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,324

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Co List Office Mls Id: STRC
  • Co List Office Phone: 401-227-9040
  • Subdivision Name: Edgewood
  • Above Grade Finished Sq Ft: 4892.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1924
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Electric Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Other, Wood
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Aluminum Siding
  • Foundation Details: Brick/Mortar

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: None
  • Cooling Y N: No
  • Heating: Gas, Oil, Radiant, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.0
  • Parcel #: 132134WENTWORTHAVCRAN
  • Zoning: 1050
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 7323.5
  • Tax Block: 3
  • Tax Lot: 2401
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2021
Closed on
Apr 12, 2021
Sold by
Moutahir Mehdi
Bought by
Trombly Scott and Trombly Kara
Seller's Agent
Kevin Shepherd
Tidal Consultation LLC
Buyer's Agent
Sara Chaffee
Mott & Chace Sotheby's Intl.
List Price
$399,000
Sold Price
$425,000
Premium/Discount to List
$26,000
6.52%
Current Estimated Value
$703,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,587
Avg. Annual Appreciation
11.56%

Purchase Details

Closed on
Jun 27, 2019
Sold by
Moutahir Victoria
Bought by
Moutahir Mehdi

Purchase Details

Closed on
Jul 6, 2007
Sold by
Iacono Frank L
Bought by
Moutahir Mehdi and Moutahir Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,625
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Trombly Scott $425,000 None Available
Moutahir Mehdi -- --
Moutahir Mehdi $303,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moutahir Mehdi $204,000
Previous Owner Moutahir Mehdi $227,625
Previous Owner Moutahir Mehdi $45,221
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2021 04/13/21 Sold $425,000 +6.5% $87 / Sq Ft
03/14/2021 03/14/21 Pending -- -- --
02/24/2021 02/24/21 For Sale $399,000 -- $82 / 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 $7,676 $553,000 $122,000 $431,000
2024 $7,526 $553,000 $122,000 $431,000
2023 $6,929 $366,600 $84,100 $282,500
2022 $6,786 $366,600 $84,100 $282,500
2021 $6,599 $366,600 $84,100 $282,500
2020 $6,638 $319,600 $87,600 $232,000
2019 $6,638 $319,600 $87,600 $232,000
2018 $6,485 $319,600 $87,600 $232,000
2017 $5,354 $233,400 $77,100 $156,300
2016 $5,240 $233,400 $77,100 $156,300
2015 $5,240 $233,400 $77,100 $156,300
2014 $4,509 $197,400 $70,100 $127,300
Source: Public Records

Agents Affiliated with this Home

  • Kevin Shepherd

    Seller's Agent in 2021

    Kevin Shepherd

    Tidal Consultation LLC

    (401) 632-7470

    3 in this area

    34 Total Sales

    Kevin Shepherd
    Section Image
  • Sara Chaffee

    Buyer's Agent in 2021

    Sara Chaffee

    Mott & Chace Sotheby's Intl.

    (401) 834-4569

    1 in this area

    76 Total Sales

    Sara Chaffee
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1275953

State-Wide MLS

APN: CRAN-000002-000003-002401

Rhode Island Providence County Cranston 02905 Edgewood

132 Wentworth Ave, Cranston, RI

Not Listed for Sale

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