NOT LISTED FOR SALE

16 W Park Place Woonsocket, RI 02895

Bernon District Neighborhood

Estimated Value: $631,000 - $684,000

10 Beds
4.5 Baths
3,850 Sq Ft
$172/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $560,000 $145 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,984/month

76 Days on Market

Highlights

  • Window Unit Cooling System
  • Forced Air Heating System
  • Carpet
  • Bathtub with Shower
  • Baseboard Heating

About This Home

As of December 2023

Rare opportunity. Live in a 3 bed, one and one half bath detached home with a 3 family as an income producer. Or simply purchase as a 4 unit investment property. Both houses have newer roofs with vinyl replacement windows. 3 unit is vinyl sided with soffits and gutters replaced. Front porches were all rebuilt. Four separate central heating systems. Three baseboard and 1 forced air. Two boilers replaced in last 4 years. Property is fire coded and all units have "lead safe" certificates. Property will qualify for FHA owner occupied financing and is eligible for $17,500 grant from RI Housing to qualified buyer.

Last Agent to Sell the Property

Robert Martin

CrossRoads Real Estate Group Brokerage Phone: 401-766-7545 License #REB.0014587 Listed on: 09/29/2023

Last Buyer's Agent

Bolano Team

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,471

Year Built

  • Built in 1886

Lot Details

  • 6,871 Sq Ft Lot

Home Design

  • Combination Foundation
  • Shingle Siding
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 3,850 Sq Ft Home
  • 3-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 5 Parking Spaces
  • No Garage

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Tax Lot 138
  • Assessor Parcel Number 16WESTPARKPLWOON

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,471

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.1577
  • Above Grade Finished Sq Ft: 3850.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1886
  • Attribution Contact: 401-766-7545
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Gas Water Heater, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 10
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Shingle Siding, Vinyl Siding
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6871.0
  • Parcel #: 16WESTPARKPLWOON
  • Zoning: R-4
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 9471.0
  • Tax Lot: 138
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Dec 15, 2023
Sold by
16 West Park Pl Llc
Bought by
Hidalgo Nelsida
Seller's Agent
Robert Martin
CrossRoads Real Estate Group
Buyer's Agent
Bolano Team
eXp Realty
List Price
$575,000
Sold Price
$560,000
Premium/Discount to List
-$15,000
-2.61%
Views
46
Current Estimated Value
$662,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,098
Avg. Annual Appreciation
8.64%
Original Mortgage
$549,857
Outstanding Balance
$540,732
Interest Rate
7.76%
Mortgage Type
FHA
Estimated Equity
$121,366

Purchase Details

Listed on
Jul 5, 2016
Closed on
Mar 28, 2017
Sold by
Lange Raymond and Lange Sylvia
Bought by
16 West Park Place Llc
Seller's Agent
Irene Goulet
CrossRoads Real Estate Group
Buyer's Agent
Christine Corriveau
RE/MAX Properties
List Price
$159,900
Sold Price
$80,000
Premium/Discount to List
-$79,900
-49.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.59%
Original Mortgage
$115,000
Interest Rate
4.17%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Hidalgo Nelsida $560,000 None Available
Hidalgo Nelsida $560,000 None Available
Hidalgo Nelsida $560,000 None Available
16 West Park Place Llc $80,000 --
16 West Park Place Llc $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hidalgo Nelsida $549,857
Closed Hidalgo Nelsida $549,857
Previous Owner 16 West Park Place Llc $115,000
Previous Owner 16 West Park Place Llc $283,000
Previous Owner 16 West Park Place Llc $214,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2023 12/15/23 Sold $560,000 -2.6% $145 / Sq Ft
09/29/2023 09/29/23 For Sale $575,000 +618.8% $149 / Sq Ft
03/28/2017 03/28/17 Sold $80,000 -50.0% $27 / Sq Ft View Prior Sale
02/26/2017 02/26/17 Pending -- -- --
07/05/2016 07/05/16 For Sale $159,900 -- $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
2025 $6,045 $538,300 $93,700 $444,600
2024 $5,309 $365,100 $93,700 $271,400
2023 $5,104 $365,100 $93,700 $271,400
2022 $5,104 $365,100 $93,700 $271,400
2021 $2,850 $120,000 $45,000 $75,000
2020 $2,880 $120,000 $45,000 $75,000
2018 $5,406 $224,500 $57,900 $166,600
2017 $5,587 $185,600 $46,100 $139,500
2016 $5,910 $185,600 $46,100 $139,500
2015 $6,789 $185,600 $46,100 $139,500
2014 $6,635 $184,600 $50,600 $134,000
Source: Public Records

Agents Affiliated with this Home

  • Robert Martin

    Seller's Agent in 2023

    Robert Martin

    CrossRoads Real Estate Group

    (401) 474-3556

    10 in this area

    51 Total Sales

    Robert Martin
    Section Image

  • B

    Buyer's Agent in 2023

    Bolano Team

    eXp Realty

    (401) 612-3755

    6 in this area

    113 Total Sales

    Bolano Team
    Section Image

  • I

    Seller's Agent in 2017

    Irene Goulet

    CrossRoads Real Estate Group

    Section Image
  • Christine Corriveau

    Buyer's Agent in 2017

    Christine Corriveau

    RE/MAX Properties

    15 in this area

    125 Total Sales

    Christine Corriveau
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1344591

State-Wide MLS

APN: WOON-000027E-000133-000008

Rhode Island Providence County Woonsocket 02895 Bernon District

16 W Park Place, Woonsocket, RI

Not Listed for Sale

MultiFamily

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