NOT LISTED FOR SALE

161 Terrace Ave Cranston, RI 02920

Arlington Neighborhood

Estimated Value: $452,000 - $510,000

5 Beds
2 Baths
2,728 Sq Ft
$178/Sq Ft Est. Value

Last Sold March 03, 2017

Last sale price $156,000 $57 Per Sq Ft

Est. 211% increase in value since last sale

Current estimated payment $2,960/month

13 Days on Market

Highlights

  • Plywood Flooring
  • Thermal Windows
  • Shops
  • 3 Car Detached Garage
  • Storm Windows
  • Property near a hospital

About This Home

As of March 2017

Large 2 family with large lot and 3 car garage. Needs work, no boilers. 2nd and 3rd floor Townhouse set up. Must see. Great 203k renovation loan project.Highest & Best due from owner occupants due 1/29/17 @ 12Noon

Last Agent to Sell the Property

Raymond Horbert

Williams & Stuart Real Estate License #RES.0031787 Listed on: 01/18/2017

Williams & Stuart Real Estate

Last Buyer's Agent

Basty Ortiz

Bani Properties License #REB.0017187

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,822

Year Built

  • Built in 1920

Lot Details

  • 8,823

Parking

  • 3 Car Detached Garage

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 2,728 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Storm Windows

Flooring

  • Plywood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Utilities

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

Additional Features

  • 8,823 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 470
  • Assessor Parcel Number 161TERRACEAVCRAN

Community Details

Overview

  • 2 Units
  • Laurel Hill Subdivision

Amenities

  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,822

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2025
  • Subdivision Name: LAUREL HILL
  • Above Grade Finished Sq Ft: 2728.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1920
  • Special Features: RealEstateOwned

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Plywood/Composite
  • Living Area: 2728.0
  • Stories: 3
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Clapboard, Wood Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 7.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, None
  • Heating Yn: No
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 8823.0
  • Parcel #: 161TERRACEAVCRAN
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3822.0
  • Tax Lot: 470
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2017
Closed on
Mar 2, 2017
Sold by
Wells Fargo Bank Na
Bought by
Espinal Elvin J
Seller's Agent
Raymond Horbert
Williams & Stuart Real Estate
Buyer's Agent
Basty Ortiz
Bani Properties
List Price
$99,900
Sold Price
$156,000
Premium/Discount to List
$56,100
56.16%
Current Estimated Value
$485,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,343
Avg. Annual Appreciation
13.60%
Original Mortgage
$100,000
Outstanding Balance
$16,766
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$468,577

Purchase Details

Closed on
Mar 23, 2015
Sold by
Department Of Housing & Urban Dev
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Dec 3, 2014
Sold by
Wells Fargo Bank Na
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
Apr 23, 2013
Sold by
Alba Gladys
Bought by
Alba Gladys and Albe Anselmo S

Purchase Details

Closed on
Jun 19, 2012
Sold by
Alba Anselmo and Wells Fargo Bank Na
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Nov 3, 2003
Sold by
Danella John
Bought by
Alba Gladys and Alba Anselmo

Purchase Details

Closed on
Jan 8, 2001
Sold by
Busse Amy B
Bought by
Coccoli Vincent R
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
Espinal Elvin J $156,000 --
Wells Fargo Bank Na -- --
Department Of Housing & Urban Dev -- --
Alba Gladys -- --
Wells Fargo Bank Na $250,000 --
Alba Gladys $212,000 --
Coccoli Vincent R $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coccoli Vincent R $100,000
Previous Owner Coccoli Vincent R $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2017 03/03/17 Sold $156,000 +56.2% $57 / Sq Ft
02/01/2017 02/01/17 Pending -- -- --
01/18/2017 01/18/17 For Sale $99,900 -- $37 / 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 $5,279 $380,300 $93,600 $286,700
2024 $5,176 $380,300 $93,600 $286,700
2023 $4,974 $263,200 $64,600 $198,600
2022 $4,872 $263,200 $64,600 $198,600
2021 $4,738 $263,200 $64,600 $198,600
2020 $4,131 $198,900 $50,200 $148,700
2019 $4,131 $198,900 $50,200 $148,700
2018 $4,036 $198,900 $50,200 $148,700
2017 $3,739 $163,000 $39,500 $123,500
2016 $3,659 $163,000 $39,500 $123,500
2015 $3,659 $163,000 $39,500 $123,500
2014 $3,517 $154,000 $39,500 $114,500
Source: Public Records

Agents Affiliated with this Home

  • Raymond Horbert

    Seller's Agent in 2017

    Raymond Horbert

    Williams & Stuart Real Estate

    (401) 942-0200

    1 in this area

    6 Total Sales

    Raymond Horbert
    Section Image
  • Basty Ortiz

    Buyer's Agent in 2017

    Basty Ortiz

    Bani Properties

    (401) 663-6314

    2 in this area

    67 Total Sales

    Basty Ortiz
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1144700

State-Wide MLS

APN: CRAN-000007-000001-000470

Rhode Island Providence County Cranston 02909 Arlington

161 Terrace Ave, Cranston, RI

Not Listed for Sale

MultiFamily

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