NOT LISTED FOR SALE

171 Norwood Ave Cranston, RI 02905

Edgewood Neighborhood

Estimated Value: $501,000 - $767,000

7 Beds
2 Baths
4,022 Sq Ft
$156/Sq Ft Est. Value

Last Sold March 21, 2024

Last sale price $465,000 $116 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,018/month

10 Days on Market

Highlights

  • Wood Flooring
  • 2 Fireplaces
  • Porch
  • Attic
  • 2 Car Detached Garage
  • Bathtub with Shower

About This Home

As of March 2024

171-173 Norwood is a two-family home in the Edgewood neighborhood of Cranston. The house needs work, but it's well worth the investment. Built in 1902, the house has plenty of charm from scalloped exterior shingles to intricate brick mantels to stained glass to curved door frames to period parque flooring. Unit #1 on the 1st floor is a 1,522 sqft 2 bed 1 bath unit. Unit #2 is a 2nd and 3rd floor 5 bed 1 bath townhouse with full stairs up the front and rear and totals 2500 sqft. The steam boilers were installed in 2008. The home has asbestos around the steam pipes in the basement and there is active knob & tube wiring in the home. The front side of the house has been restored, though the porches were recently removed. The other three sides of the exterior need restoration. The house sits on a 8,355 sqft lot. There is a two-car garage. The driveway is shared with the house next door. Showings by appointment only.

Last Agent to Sell the Property

Nelson Taylor

Compass Listed on: 02/16/2024

Compass

Last Buyer's Agent

Nelson Taylor

Compass Listed on: 02/16/2024

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,548

Year Built

  • Built in 1902

Lot Details

  • 8,355 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Combination Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 4,022 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Fireplace Features Masonry
  • Utility Room
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Parquet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Utilities

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

Additional Features

  • Porch
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 831
  • Assessor Parcel Number 171173NORWOODAVCRAN

Community Details

Overview

  • 2 Units
  • Edgewood Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,548

Year Built

Built in 1902

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1918
  • Subdivision Name: Edgewood
  • Above Grade Finished Sq Ft: 4022.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1902
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 7
  • Fireplace Features: Insert, Masonry, Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Parquet
  • Interior Amenities: Attic, Permanent Attic Stairs, Tub Shower
  • Dining Room Type: Utility Room
  • Stories: 3

Exterior Features

  • Fencing: Fenced
  • Construction Type: Plaster, Brick, Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Combination
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8355.0
  • Parcel #: 171173NORWOODAVCRAN
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6548.0
  • Tax Lot: 831
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Mar 19, 2024
Sold by
Wheeler Victoria K and Shein David M
Bought by
Residential Oasis Llc
Seller's Agent
Nelson Taylor
Compass
Buyer's Agent
Nelson Taylor
Compass
List Price
$389,000
Sold Price
$465,000
Premium/Discount to List
$76,000
19.54%
Views
119
Current Estimated Value
$628,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,907
Avg. Annual Appreciation
16.31%
Original Mortgage
$481,250
Outstanding Balance
$476,012
Interest Rate
6.64%
Mortgage Type
Commercial
Estimated Equity
$101,990
Source: Public Records

Range of Values:

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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
Residential Oasis Llc $465,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Residential Oasis Llc $138,000
Closed Residential Oasis Llc $138,000
Open Residential Oasis Llc $481,250
Previous Owner Shein David $272,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2024 03/21/24 Sold $465,000 +19.5% $116 / Sq Ft
02/27/2024 02/27/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $389,000 -- $97 / 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 $7,175 $527,200 $123,800 $403,400
2023 $6,549 $346,500 $85,400 $261,100
2022 $6,414 $346,500 $85,400 $261,100
2021 $6,237 $346,500 $85,400 $261,100
2020 $5,913 $284,700 $89,000 $195,700
2019 $5,913 $284,700 $89,000 $195,700
2018 $5,777 $284,700 $89,000 $195,700
2017 $5,356 $233,500 $78,300 $155,200
2016 $5,242 $233,500 $78,300 $155,200
2015 $5,242 $233,500 $78,300 $155,200
2014 $4,858 $212,700 $71,200 $141,500
Source: Public Records

Agents Affiliated with this Home

  • Nelson Taylor

    Seller's Agent in 2024

    Nelson Taylor

    Compass

    (401) 214-1524

    17 in this area

    611 Total Sales

    Nelson Taylor
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Map

Source: State-Wide MLS

MLS Number: 1352866

State-Wide MLS

APN: CRAN-000002-000003-000831

Rhode Island Providence County Cranston 02905 Edgewood

171 Norwood Ave, Cranston, RI

This home is located at 171 Norwood Ave, Cranston, RI 02905 since 16 February 2024 and is currently estimated at $628,907, approximately $156 per square foot. This property was built in 1902. 171 Norwood Ave is a home located in Providence County with nearby schools including Edgewood Highland Elementary School, Park View Middle School, and Cranston High School East.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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