NOT LISTED FOR SALE

1540 Elmwood Ave Cranston, RI 02910

Park View Neighborhood

Estimated Value: $515,000 - $562,000

7 Beds
3.5 Baths
3,220 Sq Ft
$169/Sq Ft Est. Value

Last Sold September 18, 2023

Last sale price $500,000 $155 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,575/month

26 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • <<tubWithShowerToken>>
  • Corner Lot
  • Porch
  • Storage Room

About This Home

As of September 2023

Located at corner of Elmwood Ave. & Burbank Ave., this large 2.5 story 2 family structure offers a Brand new totally renovated 1st floor 2 bedroom apartment approx. 1050 sq.ft. open floor plan. The upper two floors is a townhouse style unit with 9 rooms, 5 bedrooms, 2.5 baths + enclosed porch. Separate utilities, basement storage/ rec room, New Roof, vinyl siding + detached garage with extended work / storage areas on both sides of garage space. Note: Property being sold in "as is" condition. Sewer fee $1,085.

Last Agent to Sell the Property

Fred Bernat

Abbott Properties, LLC License #REB.0010106 Listed on: 05/18/2023

Last Buyer's Agent

The Realpro Group

REALPRO by The Water

REALPRO by The Water

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,968

Year Built

  • Built in 1930

Lot Details

  • 4,420 Sq Ft Lot
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Timeshare
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,220 Sq Ft Home
  • 3-Story Property
  • Storage Room

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • <<tubWithShowerToken>>

Laundry

  • Dryer
  • Washer

Partially Finished Basement

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

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 2203
  • Assessor Parcel Number 1540ELMWOODAVCRAN

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,968

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1015
  • Above Grade Finished Sq Ft: 3220.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl
  • Interior Amenities: Tub Shower
  • Dining Room Type: Storage Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, Paved
  • Construction Type: Vinyl Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 7.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None, Window Unit(s)
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Sidewalks
  • Senior Community: No
  • Common Interest: Timeshare

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4420.0
  • Parcel #: 1540ELMWOODAVCRAN
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4968.0
  • Tax Lot: 2203
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Sep 18, 2023
Sold by
Carlson Rlty Llc
Bought by
Taveras Aristomedia D
Seller's Agent
Fred Bernat
Abbott Properties, LLC
Buyer's Agent
The Realpro Group
REALPRO by The Water
List Price
$450,000
Sold Price
$500,000
Premium/Discount to List
$50,000
11.11%
Views
12
Current Estimated Value
$544,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,135
Avg. Annual Appreciation
7.21%
Original Mortgage
$425,000
Outstanding Balance
$418,282
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$149,621

Purchase Details

Closed on
Aug 30, 2019
Sold by
Murray Cathy A and Murray William L
Bought by
Carlson Realty Llc

Purchase Details

Closed on
Mar 14, 2013
Sold by
Costa Patricia L
Bought by
Murray Ronald F and Murray William L
Source: Public Records

Range of Values:

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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
Taveras Aristomedia D $500,000 None Available
Carlson Realty Llc $170,000 --
Murray Ronald F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taveras Aristomedia D $425,000
Previous Owner Murray Ronald $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2023 09/18/23 Sold $500,000 +11.1% $155 / Sq Ft
06/14/2023 06/14/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $450,000 -- $140 / 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 $6,843 $502,800 $105,100 $397,700
2023 $5,254 $278,000 $46,100 $231,900
2022 $0 $178,900 $75,400 $103,500
2021 $0 $178,900 $75,400 $103,500
2020 $0 $228,900 $69,100 $159,800
2019 $0 $228,900 $69,100 $159,800
2018 $0 $228,900 $69,100 $159,800
2017 $0 $201,500 $62,800 $138,700
2016 $7,061 $201,500 $62,800 $138,700
2015 $7,061 $201,500 $62,800 $138,700
2014 $7,061 $206,100 $62,800 $143,300
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2023

    Fred Bernat

    Abbott Properties, LLC

    (401) 258-3847

    1 in this area

    10 Total Sales

    Fred Bernat
    Section Image

  • T

    Buyer's Agent in 2023

    The Realpro Group

    REALPRO by The Water

    (401) 709-4626

    2 in this area

    373 Total Sales

    The Realpro Group
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1335838

State-Wide MLS

APN: CRAN-000004-000002-002203

Rhode Island Providence County Cranston 02910 Park View

1540 Elmwood Ave, Cranston, RI

This home is located at 1540 Elmwood Ave, Cranston, RI 02910 since 18 May 2023 and is currently estimated at $544,135, approximately $168 per square foot. This property was built in 1930. 1540 Elmwood Ave is a home located in Providence County with nearby schools including Edgewood Highland Elementary School, Edward S. Rhodes School, and Park View Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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