NOT LISTED FOR SALE

Estimated Value: $440,146 - $564,000

5 Beds
3 Baths
3,318 Sq Ft
$156/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $350,000 $105 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,151/month

44 Days on Market

Highlights

  • Golf Course Community
  • Wood Flooring
  • 2 Car Detached Garage
  • Cranston High School West Rated 9+
  • Tennis Courts
  • Bathtub with Shower

About This Home

As of October 2020

Rare Opportunity! Western Cranston Multifamily Alert! Tremendously appealing 2 family with second family unit as a town house style apartment. Property has a double corner lot with many possibilities for live in and/or future investment. Two car garage for the homeowner or it can be used as a rental for extra income. There is a paved driveway that can easily fit for 3 cars. The property also has paved parking for an additional 3 cars! Each unit has it's own private entrance. The yard features an impeccably manicured lawn with an unground sprinkler system, lots of room for expansion. This property location is extremely desirable with great schools, shopping, and minutes from the highway. Current rents are below market value. Great Income history what could be better than having your mortgage paid by your tenant ? Will not last !!!

Last Agent to Sell the Property

Lauren Franco

Connect Realty.com License #RES.0031086 Listed on: 08/16/2020

Connect Realty.com

Last Buyer's Agent

Jason Monterecy

Real Broker, LLC

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,578

Year Built

  • Built in 1920

Lot Details

  • 8,034 Sq Ft Lot
  • Sprinkler System

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Vinyl Siding
  • Plaster

Interior Spaces

  • 3,318 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Utilities

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

Listing and Financial Details

  • Tax Lot 1564-1566
  • Assessor Parcel Number 15CLARKAVCRAN

Community Details

Overview

  • 2 Units
  • Western Cranston Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community
  • Tennis Courts

Building Details

  • Operating Expense $7,878

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,578

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Subdivision Name: Western Cranston
  • Above Grade Finished Sq Ft: 3318.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Multiple lots, Sprinkler System
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Sprinkler/Irrigation, Paved Driveway

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: Baseboard, Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Schools, Public Transportation, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8034.0
  • Parcel #: 15CLARKAVCRAN
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 7878.0

Tax Info

  • Tax Annual Amount: 4578.0
  • Tax Lot: 1564-1566
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2020
Closed on
Oct 30, 2020
Sold by
Lobuono Vincent
Bought by
Saccoccio Luke and Robison Brooke
Seller's Agent
Lauren Franco
Connect Realty.com
Buyer's Agent
Jason Monterecy
Real Broker, LLC
List Price
$339,000
Sold Price
$350,000
Premium/Discount to List
$11,000
3.24%
Current Estimated Value
$516,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,787
Avg. Annual Appreciation
8.01%
Original Mortgage
$343,660
Outstanding Balance
$305,110
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$211,677

Purchase Details

Closed on
Apr 1, 2005
Sold by
Notarianni John L and Notarianni Luciana
Bought by
Lobuono Vincent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,600
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 1988
Sold by
Sczerbinski Vito A
Bought by
Chase Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,050
Interest Rate
10.28%
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
Saccoccio Luke $350,000 None Available
Lobuono Vincent $287,000 --
Chase Robert W $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saccoccio Luke $343,660
Previous Owner Chase Robert W $249,750
Previous Owner Chase Robert W $272,000
Previous Owner Chase Robert W $229,600
Previous Owner Chase Robert W $111,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $350,000 +3.2% $105 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
08/16/2020 08/16/20 For Sale $339,000 -- $102 / 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 $5,288 $381,000 $101,300 $279,700
2024 $5,185 $381,000 $101,300 $279,700
2023 $4,802 $254,100 $66,700 $187,400
2022 $4,703 $254,100 $66,700 $187,400
2021 $4,574 $254,100 $66,700 $187,400
2020 $4,439 $213,700 $63,500 $150,200
2019 $4,439 $213,700 $63,500 $150,200
2018 $4,336 $213,700 $63,500 $150,200
2017 $4,271 $186,200 $57,200 $129,000
2016 $4,180 $186,200 $57,200 $129,000
2015 $4,180 $186,200 $57,200 $129,000
2014 $3,693 $161,700 $57,200 $104,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1261579

State-Wide MLS

APN: CRAN-000012-000002-001564