T
Seller's Agent in 2025
The Modern Collective Group
Compass
(401) 744-2692
95 Total Sales
SOLD DEC 30, 2020
RENTED JUN 4, 2025
1561 Cranston St Cranston, RI 02920
Knightsville Neighborhood
6
Beds
4
Baths
4,326
Sq Ft
10,019
Sq Ft Lot
Highlights
- 0.23 Acre Lot
- Wood Flooring
- Workshop
- Cranston High School West Rated 9+
- Corner Lot
- Thermal Windows
About This Home
As of December 2020Rare opportunity to own two income-producing buildings on one 10,000 square foot corner lot in the desirable Knightsville section of Cranston! A well-maintained 3-family home and a detached commercial storefront currently outfitted as a salon. The 3-family building offers spacious and sunny units, each with 2 bedrooms, and 1 full bath, fully equipped eat-in-kitchens, pine floors, plenty of storage, and replacement vinyl windows. The 1st floor owner's unit features an updated kitchen, central A/C, central vac, in-unit laundry, and a sweet front porch. The 2nd floor unit also has laundry in the unit and its own private porch. Both buildings feature completely separate utilities paid by the tenants. Current rents are way below market value. Gas heat and hot water. Add 6+ off street parking spaces, a sizable front yard, side yard, and patio, and you have a truly terrific property ideal for owner-occupied or an investor!
Last Agent to Sell the Property
Residential Properties Ltd. License #RES.0025339 Listed on: 11/05/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,220
Year Built
- Built in 1910
Lot Details
- 10,019 Sq Ft Lot
- Corner Lot
Home Design
- Combination Foundation
- Vinyl Siding
- Plaster
Interior Spaces
- 4,326 Sq Ft Home
- 3-Story Property
- Central Vacuum
- Thermal Windows
- Workshop
- Storage Room
- Utility Room
- Storm Doors
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Trash Compactor
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 6 Parking Spaces
- No Garage
- Driveway
Utilities
- Central Air
- Compressor
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- 100 Amp Service
- Gas Water Heater
- Cable TV Available
Additional Features
- Porch
- Property near a hospital
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 2763
- Assessor Parcel Number 1561CRANSTONSTCRAN
Community Details
Overview
- 2 Buildings
- 4 Units
- Knightsville Subdivision
Amenities
- Shops
- Public Transportation
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 5, 2020
Closed on
Dec 29, 2020
Sold by
Devona Dennis R
Bought by
Dow Devon
Seller's Agent
Gerri Schiffman
Residential Properties Ltd.
Buyer's Agent
Adam Osetek
Compass
List Price
$395,000
Sold Price
$405,000
Premium/Discount to List
$10,000
2.53%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,963
Avg. Annual Appreciation
8.22%
Purchase Details
Closed on
May 16, 2012
Sold by
Devona Mary A
Bought by
Devona Dennis R
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $405,000 | None Available | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $180,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/04/2025 06/04/25 | Rented | $2,095 | 0.0% | -- |
| 05/05/2025 05/05/25 | For Rent | $2,095 | 0.0% | -- |
| 12/30/2020 12/30/20 | Sold | $405,000 | +2.5% | $94 / Sq Ft |
| 11/30/2020 11/30/20 | Pending | -- | -- | -- |
| 11/05/2020 11/05/20 | For Sale | $395,000 | -- | $91 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | -- | $543,700 | $109,200 | $434,500 |
| 2023 | $0 | $385,100 | $93,600 | $291,500 |
| 2022 | $0 | $385,100 | $93,600 | $291,500 |
| 2021 | $0 | $385,100 | $93,600 | $291,500 |
| 2020 | $0 | $299,500 | $85,800 | $213,700 |
| 2019 | $9,332 | $299,500 | $85,800 | $213,700 |
| 2018 | $0 | $299,500 | $85,800 | $213,700 |
| 2017 | $0 | $256,900 | $78,000 | $178,900 |
| 2016 | $7,917 | $256,900 | $78,000 | $178,900 |
| 2015 | $7,917 | $256,900 | $78,000 | $178,900 |
| 2014 | $7,917 | $231,100 | $78,000 | $153,100 |
Source: Public Records
Agents Affiliated with this Home
-
The Modern Collective Group
-
Gerri Schiffman
G
Seller's Agent in 2020
Gerri Schiffman
Residential Properties Ltd.
1 in this area
293 Total Sales
-
Adam Osetek
Buyer's Agent in 2020
Adam Osetek
Compass
(401) 744-2692
3 in this area
68 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1269283
APN: CRAN-000008-000001-002763
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