NOT LISTED FOR SALE

Estimated Value: $667,000 - $866,000

9 Beds
3 Baths
4,806 Sq Ft
$155/Sq Ft Est. Value

Last Sold October 01, 2023

Last sale price $590,000 $123 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,956/month

13 Days on Market

Highlights

  • Wood Flooring
  • Recreation Facilities
  • Storage Room
  • 3 Fireplaces
  • 2 Car Attached Garage
  • 5-minute walk to Garibaldi Square

About This Home

As of October 2023

Attention investors, here's a golden opportunity you won't want to miss! Nestled in a prime location in Federal Hill, this 3-unit multi-family building is a diamond in the rough, waiting for your expertise to shine. Perfectly situated within walking distance of the Providence Place Mall and The Amica Mutual Pavilion, this property offers unbeatable convenience and potential. Each unit features 3 spacious bedrooms and 1 bathroom, making them highly desirable for tenants. High ceilings throughout the building add a sense of spaciousness and grandeur. A fireplace in each unit adds character and charm, making it a cozy place to call home. What truly sets this property apart is its history. This is the first time it has been available on the market in 71 years, presenting a once-in-a-lifetime chance for savvy investors. While the property requires some TLC, it offers immense potential for the right buyer. This property is ideal for cash buyers, those considering a 203k loan, or rehab loan options. With the right vision and investment, you can transform this diamond into a lucrative income-producing asset. Don't let this remarkable investment opportunity slip through your fingers. With a little creativity and investment, you can unlock the full potential of this multi-family building and watch your returns grow. Act quickly to secure your piece of this prime Providence real estate.

Last Agent to Sell the Property

Curtis Lopes

Century 21 Limitless License #RES.0041873 Listed on: 09/05/2023

Century 21 Limitless

Last Buyer's Agent

The Modern Collective Group

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,573

Year Built

  • Built in 1870

Lot Details

  • 3,920

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Aluminum Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 4,806 Sq Ft Home
  • 3-Story Property
  • 3 Fireplaces
  • Fireplace Features Masonry
  • Storage Room

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Utilities

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

Additional Features

  • 3,920 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 259
  • Assessor Parcel Number 15PALLASSTPROV

Community Details

Overview

  • 3 Units
  • Federal Hill Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,573

Year Built

Built in 1870

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Subdivision Name: Federal Hill
  • Above Grade Finished Sq Ft: 4806.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1870
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Fireplace Features: Masonry
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate
  • Dining Room Type: Storage Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Aluminum Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, None
  • Heating Yn: No
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.0
  • Parcel #: 15PALLASSTPROV
  • Zoning: C-1
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 10573.0
  • Tax Lot: 259
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2023
Closed on
Sep 27, 2023
Sold by
Rear View Realty Llc
Bought by
60 E Transit Llc
Seller's Agent
Curtis Lopes
Century 21 Limitless
Buyer's Agent
The Modern Collective Group
Compass
List Price
$629,900
Sold Price
$590,000
Premium/Discount to List
-$39,900
-6.33%
Views
31
Current Estimated Value
$743,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,030
Avg. Annual Appreciation
12.36%
Original Mortgage
$275,000
Interest Rate
6.78%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 24, 2023
Sold by
Chobanian Elizabeth and Zarrella Sandra R
Bought by
Rear View Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.78%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
60 E Transit Llc $590,000 None Available
Rear View Realty Llc $435,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rear View Realty Llc $275,000
Previous Owner Zarrella Paul A $120,000
Previous Owner Zarrella Paul A $99,500
Previous Owner Zarrella Paul A $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2023 10/01/23 Sold $590,000 -6.3% $123 / Sq Ft
09/19/2023 09/19/23 Pending -- -- --
09/05/2023 09/05/23 For Sale $629,900 -- $131 / 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 $10,900 $594,000 $209,300 $384,700
2023 $10,900 $594,000 $209,300 $384,700
2022 $10,573 $594,000 $209,300 $384,700
2021 $8,343 $339,700 $133,700 $206,000
2020 $8,343 $339,700 $133,700 $206,000
2019 $8,343 $339,700 $133,700 $206,000
2018 $6,421 $200,900 $77,300 $123,600
2017 $6,421 $200,900 $77,300 $123,600
2016 $6,421 $200,900 $77,300 $123,600
2015 $5,087 $153,700 $77,300 $76,400
2014 $5,187 $153,700 $77,300 $76,400
2013 $5,187 $153,700 $77,300 $76,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1343233

State-Wide MLS

APN: PROV-280259-000000-000000