NOT LISTED FOR SALE

159 Cross St Central Falls, RI 02863

Estimated Value: $518,050 - $648,000

7 Beds
3 Baths
5,025 Sq Ft
$117/Sq Ft Est. Value

Last Sold October 18, 2021

Last sale price $415,000 $83 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,905/month

46 Days on Market

Highlights

  • Wood Flooring
  • Shops
  • Space Heater
  • Public Transportation
  • Baseboard Heating

About This Home

As of October 2021

This is an excellent opportunity for a homeowner occupied or investor. Conveniently located in Central Falls, near shopping, schools and restaurants. Large units with high ceilings, double parlor, formal dinning room and kitchen. Hardwood floors and ample windows with plenty of light. 1st and 2nd floor have two large bedrooms and third floor has 3 bedrooms. Tenants pay their own utilities gas and electricity. Plenty of off-street parking. Full basement. Rents below market value.

Last Agent to Sell the Property

Marina Mencia

Real Broker, LLC License #RES.0042947 Listed on: 08/02/2021

Real Broker, LLC

Last Buyer's Agent

Renato De Lima

RE/MAX Innovations License #RES.0041249

RE/MAX Innovations

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,510

Year Built

  • Built in 1885

Lot Details

  • 5,000 Sq Ft Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 5,025 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 87
  • Assessor Parcel Number 159CROSSSTCFLS

Community Details

Overview

  • 3 Units
  • Cross St Subdivision

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,510

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Subdivision Name: Cross St
  • Above Grade Finished Sq Ft: 5025.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1885
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Owner Pays: Hot Water
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Other
  • Interior Amenities: Bathtub
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Space Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5000.0
  • Parcel #: 159CROSSSTCFLS
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 4509.65
  • Tax Lot: 87
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2021
Closed on
Oct 18, 2021
Sold by
Cortez Irma Y
Bought by
Ortega Perez Odilia A and Jimenez Raul G
Seller's Agent
Marina Mencia
Real Broker, LLC
Buyer's Agent
Renato De Lima
RE/MAX Innovations
List Price
$395,000
Sold Price
$415,000
Premium/Discount to List
$20,000
5.06%
Total Days on Market
46
Current Estimated Value
$586,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,763
Avg. Annual Appreciation
9.95%
Original Mortgage
$9,000
Outstanding Balance
$7,192
Interest Rate
2.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$579,571

Purchase Details

Listed on
Apr 2, 2015
Closed on
Jul 22, 2015
Sold by
Gomes Manuel F and Gomes Maria L
Bought by
Cortez Irma Y
Seller's Agent
Lydia Lopes
RE/MAX River's Edge
Buyer's Agent
Lydia Lopes
Realty Quest Group Inc
List Price
$169,900
Sold Price
$160,000
Premium/Discount to List
-$9,900
-5.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.47%
Original Mortgage
$157,102
Interest Rate
4.01%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 1989
Sold by
Monastesse Gerard
Bought by
Gomes Manuel F
Source: Public Records

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Range of Values:

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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
Ortega Perez Odilia A $415,000 None Available
Ortega Perez Odilia A $415,000 None Available
Cortez Irma Y $160,000 --
Cortez Irma Y $160,000 --
Gomes Manuel F $133,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimenez Raul G $9,000
Open Ortega Perez Odilia A $407,483
Closed Ortega Perez Odilia A $407,483
Previous Owner Gomes Manuel F $157,102
Previous Owner Gomes Manuel F $103,802
Previous Owner Gomes Manuel F $132,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2021 10/18/21 Sold $415,000 +5.1% $83 / Sq Ft
09/18/2021 09/18/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $395,000 +146.9% $79 / Sq Ft
07/21/2015 07/21/15 Sold $160,000 -5.8% $46 / Sq Ft
06/21/2015 06/21/15 Pending -- -- --
04/02/2015 04/02/15 For Sale $169,900 -- $48 / 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 $7,520 $399,800 $79,500 $320,300
2023 $7,416 $399,800 $79,500 $320,300
2022 $6,981 $399,800 $79,500 $320,300
2021 $4,510 $189,800 $27,500 $162,300
2020 $4,496 $189,800 $27,500 $162,300
2019 $4,699 $189,800 $27,500 $162,300
2018 $3,849 $146,300 $26,500 $119,800
2017 $3,849 $146,300 $26,500 $119,800
2016 $3,794 $146,300 $26,500 $119,800
2015 $3,258 $117,900 $25,000 $92,900
2014 -- $117,900 $25,000 $92,900
2013 $3,032 $117,900 $25,000 $92,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Marina Mencia

    Real Broker, LLC

    (401) 744-1417

    1 in this area

    40 Total Sales

    Marina Mencia
    Section Image
  • Renato De Lima

    Buyer's Agent in 2021

    Renato De Lima

    RE/MAX Innovations

    (401) 723-3312

    30 in this area

    179 Total Sales

    Renato De Lima
    Section Image
  • Lydia Lopes

    Seller's Agent in 2015

    Lydia Lopes

    RE/MAX River's Edge

    1 in this area

    22 Total Sales

    Lydia Lopes
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1289996

State-Wide MLS

APN: CENT-000005-000000-000087

Rhode Island Providence County Central Falls 02863

159 Cross St, Central Falls, RI

This home is located at 159 Cross St, Central Falls, RI 02863 since 02 August 2021 and is currently estimated at $586,763, approximately $116 per square foot. This property was built in 1885. 159 Cross St is a home located in Providence County with nearby schools including Central Falls Senior High School and Blackstone Valley Prep Junior High School.

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