NOT LISTED FOR SALE

16 Magdalene St Providence, RI 02909

Silver Lake Neighborhood

Estimated Value: $432,000 - $639,000

6 Beds
3 Baths
2,154 Sq Ft
$254/Sq Ft Est. Value

Last Sold November 06, 2014

Last sale price $135,000 $63 Per Sq Ft

Est. 305% increase in value since last sale

Current estimated payment $3,175/month

23 Days on Market

Highlights

  • Wood Flooring
  • Public Transportation
  • Hot Water Heating System
  • 2 Car Detached Garage
  • Shops
  • 2-minute walk to Paul Grande Jr. Park

About This Home

As of November 2014

GREAT INVESTMENT PROPERTY! 3 FAMILY, 2 BEDROOMS EACH, PLUS 2 GARAGES! TENNANTS PAY UTILITIES!

Last Agent to Sell the Property

Lucy Heelon

RE/MAX Real Estate Center License #RES.0028935 Listed on: 09/13/2014

RE/MAX Real Estate Center

Last Buyer's Agent

Basty Ortiz

Bani Properties License #REB.0017187

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 3,573 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Brick Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,154 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Utilities

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

Listing and Financial Details

  • Tax Lot 327
  • Assessor Parcel Number 16MAGDALENESTPROV

Community Details

Overview

  • 3 Units
  • Silver Lake Subdivision

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

3,573 Sq Ft Lot

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.082
  • Subdivision Name: SILVER LAKE
  • Above Grade Finished Sq Ft: 2154.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Vinyl
  • Living Area: 2154.0
  • Stories: 3

Exterior Features

  • Fencing: Fenced
  • Construction Type: Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Brick/Mortar, Concrete Perimeter

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • 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, Near Schools, Public Transportation, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 3573.0
  • Parcel #: 16MAGDALENESTPROV
  • Zoning: R3

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3571.0
  • Tax Lot: 327
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2014
Closed on
Nov 6, 2014
Sold by
Despres Paul J
Bought by
Osei John D
Seller's Agent
Lucy Heelon
RE/MAX Real Estate Center
Buyer's Agent
Basty Ortiz
Bani Properties
List Price
$144,900
Sold Price
$135,000
Premium/Discount to List
-$9,900
-6.83%
Current Estimated Value
$546,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$411,667
Avg. Annual Appreciation
13.08%
Original Mortgage
$101,250
Outstanding Balance
$77,851
Interest Rate
4.18%
Mortgage Type
New Conventional
Estimated Equity
$468,816

Purchase Details

Closed on
Mar 2, 1998
Sold by
Parillo John
Bought by
Despres Paul J and Despres Lena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,957
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Osei John D $135,000 --
Despres Paul J $104,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osei John D $101,250
Previous Owner Despres Paul J $135,000
Previous Owner Despres Paul J $88,957
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2014 11/06/14 Sold $135,000 -6.8% $63 / Sq Ft
10/07/2014 10/07/14 Pending -- -- --
09/13/2014 09/13/14 For Sale $144,900 -- $67 / Sq Ft
Source: State-Wide MLS

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
2025 $3,598 $476,500 $135,300 $341,200
2024 $5,766 $314,200 $85,500 $228,700
2023 $5,766 $314,200 $85,500 $228,700
2022 $5,593 $314,200 $85,500 $228,700
2021 $4,725 $192,400 $48,500 $143,900
2020 $4,725 $192,400 $48,500 $143,900
2019 $4,725 $192,400 $48,500 $143,900
2018 $3,925 $122,800 $41,300 $81,500
2017 $3,925 $122,800 $41,300 $81,500
2016 $3,925 $122,800 $41,300 $81,500
2015 $3,502 $105,800 $41,300 $64,500
2014 $3,571 $105,800 $41,300 $64,500
2013 $3,571 $105,800 $41,300 $64,500
Source: Public Records

Agents Affiliated with this Home

  • Lucy Heelon

    Seller's Agent in 2014

    Lucy Heelon

    RE/MAX Real Estate Center

    (401) 641-2221

    79 Total Sales

    Lucy Heelon
    Section Image
  • Basty Ortiz

    Buyer's Agent in 2014

    Basty Ortiz

    Bani Properties

    (401) 663-6314

    4 in this area

    63 Total Sales

    Basty Ortiz
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1078757

State-Wide MLS

APN: PROV-001090-000327-000000

Rhode Island Providence County Providence 02909 Silver Lake

16 Magdalene St, Providence, RI

Not Listed for Sale

MultiFamily

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