NOT LISTED FOR SALE

16 Terrace Ave Providence, RI 02909

Silver Lake Neighborhood

Estimated Value: $400,509 - $609,000

4 Beds
2 Baths
2,956 Sq Ft
$167/Sq Ft Est. Value

Last Sold June 20, 2019

Last sale price $218,000 $74 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $3,002/month

21 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Heating System Uses Steam
  • Thermal Windows
  • Public Transportation
  • 2-minute walk to Clarence Street Playground

About This Home

As of June 2019

Nice and clean corner lot 2 family home in the Silver Lake area of Providence. Excellent starter home or great for investment! Rents are well below market!! 2 beds each unit, walking closet, hardwood floors, part finished walkout basement... come take a look while the kids go play in the playground across the street!!

Last Agent to Sell the Property

Ilensi Rodriguez

Access Realty, Inc. License #RES.0040648 Listed on: 04/29/2019

Last Buyer's Agent

Lissette Guzman

Circle 100 Real Estate License #RES.0042951

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,173

Year Built

  • Built in 1920

Lot Details

  • 2,041

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,956 Sq Ft Home
  • Thermal Windows

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Partially Finished 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

Additional Features

  • Porch
  • 2,041 Sq Ft Lot

Community Details

  • 4 Units
  • Public Transportation

Listing and Financial Details

  • Tax Lot 119
  • Assessor Parcel Number 16TERRACEAVPROV

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,173

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.05
  • Above Grade Finished Sq Ft: 2956.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: Porch
  • Patio And Porch Features: Porch

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2041.0
  • Parcel #: 16TERRACEAVPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2173.0
  • Tax Lot: 119
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2019
Closed on
Jun 20, 2019
Sold by
Perez Mairim
Bought by
Camilo Victor M
Seller's Agent
Ilensi Rodriguez
Access Realty, Inc.
Buyer's Agent
Lissette Guzman
Circle 100 Real Estate
List Price
$209,900
Sold Price
$218,000
Premium/Discount to List
$8,100
3.86%
Current Estimated Value
$467,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,695
Avg. Annual Appreciation
13.10%
Original Mortgage
$207,100
Outstanding Balance
$184,336
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$279,752

Purchase Details

Listed on
Apr 12, 2013
Closed on
Oct 2, 2013
Sold by
Perez Mairim and Providence City Of
Bought by
Perez Mairim
Seller's Agent
Michelle Savastano
Broadway Real Estate Group
Buyer's Agent
Anthony Iadevaia
List Price
$105,000
Sold Price
$98,000
Premium/Discount to List
-$7,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.81%
Original Mortgage
$2,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 12, 2013
Closed on
Aug 30, 2013
Sold by
Your House Your Way Ll
Bought by
Perez Mairim
Seller's Agent
Michelle Savastano
Broadway Real Estate Group
Buyer's Agent
Anthony Iadevaia
List Price
$105,000
Sold Price
$98,000
Premium/Discount to List
-$7,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2010
Sold by
Fnma
Bought by
Your House Your Way Ll

Purchase Details

Closed on
Mar 29, 2010
Sold by
Fnma
Bought by
Rosario Francisco

Purchase Details

Closed on
Aug 1, 2005
Sold by
Volpe John A and Volpe Lucille M
Bought by
Rosario Francisco

Purchase Details

Closed on
Apr 7, 1989
Sold by
Hernandez Felipe N
Bought by
Ginebra Carmen
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
Camilo Victor M $218,000 --
Perez Mairim -- --
Perez Mairim $98,000 --
Your House Your Way Ll $10,000 --
Rosario Francisco $279,200 --
Rosario Francisco $247,500 --
Ginebra Carmen $85,000 --
Ginebra Carmen $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Camilo Victor M $207,100
Previous Owner Perez Mairim $2,500
Previous Owner Ginebra Carmen $98,224
Previous Owner Ginebra Carmen $67,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2019 06/20/19 Sold $218,000 +3.9% $74 / Sq Ft
05/21/2019 05/21/19 Pending -- -- --
04/29/2019 04/29/19 For Sale $209,900 +114.2% $71 / Sq Ft
09/06/2013 09/06/13 Sold $98,000 -6.7% $52 / Sq Ft
08/07/2013 08/07/13 Pending -- -- --
04/12/2013 04/12/13 For Sale $105,000 -- $55 / 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 $5,290 $288,300 $83,900 $204,400
2023 $5,290 $288,300 $83,900 $204,400
2022 $5,132 $288,300 $83,900 $204,400
2021 $4,237 $172,500 $47,500 $125,000
2020 $4,237 $172,500 $47,500 $125,000
2019 $4,001 $162,900 $47,500 $115,400
2018 $3,695 $115,600 $40,500 $75,100
2017 $3,695 $115,600 $40,500 $75,100
2016 $3,695 $115,600 $40,500 $75,100
2015 $2,916 $88,100 $36,500 $51,600
2014 $2,973 $88,100 $36,500 $51,600
2013 $2,973 $88,100 $36,500 $51,600
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2019

    Ilensi Rodriguez

    Access Realty, Inc.

    Section Image
  • Lissette Guzman

    Buyer's Agent in 2019

    Lissette Guzman

    Circle 100 Real Estate

    (401) 230-6272

    11 in this area

    86 Total Sales

    Section Image

  • M

    Seller's Agent in 2013

    Michelle Savastano

    Broadway Real Estate Group

    (401) 265-7078

    3 in this area

    173 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2013

    Anthony Iadevaia

    Century 21 Visionary Group

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1221803

State-Wide MLS

APN: PROV-001040-000119-000000

Rhode Island Providence County Providence 02909 Silver Lake

16 Terrace Ave, Providence, RI

This home is located at 16 Terrace Ave, Providence, RI 02909 since 29 April 2019 and is currently estimated at $492,627, approximately $166 per square foot. This property was built in 1920. 16 Terrace Ave is a home located in Providence County with nearby schools including Charles N. Fortes Elementary School, Asa Messer Elementary School, and Laurel Hill Annex School.

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