NOT LISTED FOR SALE

1586 Elmwood Ave Cranston, RI 02910

Park View Neighborhood

Estimated Value: $467,000 - $539,000

4 Beds
3 Baths
2,796 Sq Ft
$179/Sq Ft Est. Value

Last Sold October 19, 2012

Last sale price $108,000 $39 Per Sq Ft

Est. 368% increase in value since last sale

Current estimated payment $3,280/month

42 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted In Outer Wall Opening
  • Public Transportation
  • Thermal Windows
  • Patio
  • Shops

About This Home

As of October 2012

LEGAL 2 FAMILY. ZONED C-5. POSSIBLE COMMERCIAL USE. IDEAL INVESTOR/LIVE IN WITH GREAT INCOME POTENTIAL. was 4 UNIT EASILY COULD BE 2 UNIT WITH OFFICE AND BATH ALSO. SOLD "AS IS" SALE.CAN BE SOLD AS PACKAGE WITH 1590 ELMWOOD MLS # 1009570

Last Agent to Sell the Property

Brian DuPont

Real Estate Masters, Inc. License #REC.0014223 Listed on: 08/07/2012

Last Buyer's Agent

Tom Michael

Weichert REALTORS-Atlantic Prp License #RES.0034701

Weichert REALTORS-Atlantic Prp

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 4,200

Home Design

  • Vinyl Siding
  • Plaster

Interior Spaces

  • 2,796 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 8 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • Heating System Uses Steam
  • 100 Amp Service
  • Oil Water Heater

Additional Features

  • Patio
  • 4,200 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 258
  • Assessor Parcel Number 1586ELMWOODAVCRAN

Community Details

Overview

  • 2 Units
  • Cranston/Warwick Line Subdivision

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0964
  • Subdivision Name: CRANSTON/WARWICK LINE
  • Above Grade Finished Sq Ft: 2796.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Oil Water Heater, Range, Refrigerator, Water Heater
  • Has Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Living Area: 2796.0
  • Stories: 1
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Patio, Paved Driveway
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area
  • Cooling: 1 Unit, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Oil, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Public Transportation, Shopping
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4200.0
  • Parcel #: 1586ELMWOODAVCRAN
  • Zoning: C-5
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2752.0
  • Tax Lot: 258
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2012
Closed on
Oct 19, 2012
Sold by
John E Magnone Ret and Magnone John E
Bought by
Vartanian Ara
Seller's Agent
Brian DuPont
Real Estate Masters, Inc.
Buyer's Agent
Tom Michael
Weichert REALTORS-Atlantic Prp
List Price
$129,900
Sold Price
$108,000
Premium/Discount to List
-$21,900
-16.86%
Current Estimated Value
$505,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,333
Avg. Annual Appreciation
12.55%

Purchase Details

Closed on
Dec 29, 1995
Sold by
Nb Fleet
Bought by
Magnone John A and Magnone John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
7.33%
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
Vartanian Ara $54,000 --
Vartanian Ara $54,000 --
Magnone John A $61,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magnone John A $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2012 10/19/12 Sold $108,000 -16.9% $39 / Sq Ft
09/19/2012 09/19/12 Pending -- -- --
08/07/2012 08/07/12 For Sale $129,900 -- $46 / 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 $6,159 $452,500 $104,400 $348,100
2023 $5,001 $264,600 $45,800 $218,800
2022 $4,898 $264,600 $45,800 $218,800
2021 $4,763 $264,600 $45,800 $218,800
2020 $4,478 $215,600 $36,000 $179,600
2019 $4,478 $215,600 $36,000 $179,600
2018 $4,375 $215,600 $36,000 $179,600
2017 $3,294 $143,600 $16,400 $127,200
2016 $3,224 $143,600 $16,400 $127,200
2015 $3,224 $143,600 $16,400 $127,200
2014 $2,752 $120,500 $16,400 $104,100
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Brian DuPont

    Real Estate Masters, Inc.

    Section Image
  • Tom Michael

    Buyer's Agent in 2012

    Tom Michael

    Weichert REALTORS-Atlantic Prp

    (401) 523-5288

    1 in this area

    38 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1023294

State-Wide MLS

APN: CRAN-000004-000002-000258

Rhode Island Providence County Cranston 02910 Park View

1586 Elmwood Ave, Cranston, RI

This home is located at 1586 Elmwood Ave, Cranston, RI 02910 since 07 August 2012 and is currently estimated at $500,333, approximately $178 per square foot. This property was built in 1930. 1586 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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