NOT LISTED FOR SALE

1581 Elmwood Ave Cranston, RI 02910

Park View Neighborhood

Estimated Value: $455,000 - $482,000

4 Beds
2 Baths
2,824 Sq Ft
$166/Sq Ft Est. Value

Last Sold May 07, 2024

Last sale price $440,000 $156 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,961/month

18 Days on Market

About This Home

As of May 2024

Back on the market, the seller is currently working on the zoning to subdivide the lots. This property is turn-key ready with updates throughout both units. Ample parking and laundry in the unit for the first floor and in the basement for the second floor.

Last Agent to Sell the Property

Brian Praileau

Real Broker, LLC License #RES.0044226 Listed on: 07/27/2023

Real Broker, LLC

Last Buyer's Agent

Emeliza Infante

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,602

Year Built

  • Built in 1947

Lot Details

  • 4,679 Sq Ft Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,824 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 221
  • Assessor Parcel Number 1581ELMWODAVCRAN

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,602

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1074
  • Above Grade Finished Sq Ft: 2824.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4679.0
  • Parcel #: 1581ELMWODAVCRAN
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3602.0
  • Tax Lot: 221
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
May 7, 2024
Sold by
Fort Prop Llc
Bought by
Paula Amalia Y and Rodriguez Louis N
Seller's Agent
Brian Praileau
Real Broker, LLC
Buyer's Agent
Emeliza Infante
List Price
$425,000
Sold Price
$440,000
Premium/Discount to List
$15,000
3.53%
Views
90
Current Estimated Value
$469,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,856
Avg. Annual Appreciation
5.18%
Original Mortgage
$439,885
Outstanding Balance
$433,840
Interest Rate
6.25%
Mortgage Type
FHA
Estimated Equity
$36,016

Purchase Details

Closed on
Oct 6, 2020
Sold by
D E Land Co Llc
Bought by
Ewell Ft and Well

Purchase Details

Closed on
Nov 26, 2013
Sold by
Magnone Richard P and Magnone John E
Bought by
Elwell Maynard D
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
Paula Amalia Y $448,000 None Available
Paula Amalia Y $448,000 None Available
Ewell Ft -- None Available
Ewell Ft -- None Available
Elwell Maynard D $150,000 --
Magnone John E -- --
Magnone John E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paula Amalia Y $439,885
Closed Paula Amalia Y $439,885
Previous Owner Fort Properties Llc $532,000
Previous Owner Fort Properties Llc $85,000
Previous Owner Fort Properties Llc $571,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2024 05/07/24 Sold $440,000 +3.5% $156 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $425,000 -- $150 / 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 $4,807 $353,200 $105,900 $247,300
2023 $3,678 $194,600 $46,500 $148,100
2022 $3,602 $194,600 $46,500 $148,100
2021 $3,503 $194,600 $46,500 $148,100
2020 $3,194 $153,800 $36,500 $117,300
2019 $3,194 $153,800 $36,500 $117,300
2018 $3,121 $153,800 $36,500 $117,300
2017 $2,443 $106,500 $16,600 $89,900
2016 $2,391 $106,500 $16,600 $89,900
2015 $2,391 $106,500 $16,600 $89,900
2014 $2,538 $111,100 $16,600 $94,500
Source: Public Records

Agents Affiliated with this Home

  • Brian Praileau

    Seller's Agent in 2024

    Brian Praileau

    Real Broker, LLC

    (401) 255-3877

    2 in this area

    20 Total Sales

    Brian Praileau
    Section Image

  • E

    Buyer's Agent in 2024

    Emeliza Infante

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1340427

State-Wide MLS

APN: CRAN-000004-000002-000221

Rhode Island Providence County Cranston 02910 Park View

1581 Elmwood Ave, Cranston, RI

This home is located at 1581 Elmwood Ave, Cranston, RI 02910 since 27 July 2023 and is currently estimated at $469,856, approximately $166 per square foot. This property was built in 1947. 1581 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.

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