NOT LISTED FOR SALE

1724 Main St West Warwick, RI 02893

Crompton Neighborhood

Estimated Value: $366,000 - $542,000

9 Beds
3 Baths
4,501 Sq Ft
$106/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $275,000 $61 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,090/month

68 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Thermal Windows
  • Golf Course Community
  • Tennis Courts
  • 1-minute walk to Manchester Street Park

About This Home

As of December 2021

Three unit with great cash flow and good bones. Fully rented with all mechanical's in working order. Two traditional units with a 3rd floor modern apartment. A Large paved lot with plenty of parking. The seller has updated the roof and windows throughout. The exterior needs some attention. With long standing tenants, the rents are currently under market. If you are looking for even more cash flow it can be sold in conjunction with MLS#1291870, another 3 family located next door. The package could also present a future commercial development opportunity on a corner lot however the owner is willing to sell each separately. No FHA financing due to the exterior- Conventional financing, 203k or cash will be required.

Last Listed By

Jack Silberman

Blue Star Properties License #REB.0016706 Listed on: 08/24/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,390

Year Built

  • Built in 1890

Lot Details

  • 9,139 Sq Ft Lot
  • Paved or Partially Paved Lot

Home Design

  • Stone Foundation
  • Shingle Siding
  • Clapboard

Interior Spaces

  • 4,501 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 1724MAINSTWWAR

Community Details

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Additional Features

  • 3 Units
  • Operating Expense $8,724

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,390

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2098
  • Above Grade Finished Sq Ft: 4501.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1890
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Vinyl
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Paved
  • Construction Type: Clapboard, Shingle Siding
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Oil
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9139.0
  • Parcel #: 1724MAINSTWWAR
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 8724.0

Tax Info

  • Tax Annual Amount: 6390.48
  • Tax Lot: 10
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2022
Sold by
Rex Investments Llc
Bought by
Rex Asset Management Llc
Total Days on Market
68
Current Estimated Value
$475,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,250
Interest Rate
5.13%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 24, 2021
Closed on
Dec 1, 2021
Sold by
Brotman Jay and Brotman Toni
Bought by
Rex Investments Llc
Seller's Agent
Jack Silberman
Blue Star Properties
Buyer's Agent
Jennifer Collins Boland
Mott & Chace Sotheby's Intl.
List Price
$339,900
Sold Price
$275,000
Premium/Discount to List
-$64,900
-19.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.50%
Original Mortgage
$608,000
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 12, 2005
Sold by
Amaral Alfred
Bought by
Brotman Jay and Brotman Toni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.05%
Mortgage Type
Commercial

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
Rex Asset Management Llc -- None Available
Rex Asset Management Llc -- None Available
Rex Investments Llc $275,000 None Available
Rex Investments Llc $275,000 None Available
Brotman Jay $407,500 --
Brotman Jay $407,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rex Asset Management Llc $250,000
Closed Rex Asset Management Llc $275,250
Previous Owner Rex Investments Llc $608,000
Previous Owner Brotman Jay $253,710
Previous Owner Brotman Jay $260,000
Previous Owner Brotman Jay $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2021 12/01/21 Sold $275,000 -19.1% $61 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $339,900 -- $76 / 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 $5,439 $265,700 $53,300 $212,400
2023 $5,333 $265,700 $53,300 $212,400
2022 $5,248 $265,700 $53,300 $212,400
2021 $6,390 $213,800 $43,800 $170,000
2020 $6,390 $213,800 $43,800 $170,000
2019 $6,269 $213,800 $43,800 $170,000
2018 $5,642 $148,100 $41,100 $107,000
2017 $5,620 $148,100 $41,100 $107,000
2016 $5,520 $148,100 $41,100 $107,000
2015 $5,266 $141,300 $41,100 $100,200
2014 $5,150 $141,300 $41,100 $100,200
Source: Public Records

Agents Affiliated with this Home

  • Jack Silberman

    Seller's Agent in 2021

    Jack Silberman

    Blue Star Properties

    (401) 578-4648

    2 in this area

    63 Total Sales

    Jack Silberman
    Section Image

  • J

    Buyer's Agent in 2021

    Jennifer Collins Boland

    Mott & Chace Sotheby's Intl.

    (401) 413-2597

    3 in this area

    48 Total Sales

    Jennifer Collins Boland
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1291868

State-Wide MLS

APN: WWAR-000009-000010-000000

Rhode Island Kent County West Warwick 02893 Crompton

1724 Main St, West Warwick, RI

Homes for Sale in West Warwick, RI

This home is located at 1724 Main St, West Warwick, RI 02893 since 24 August 2021 and is currently estimated at $475,667, approximately $105 per square foot. This property was built in 1890. 1724 Main St is a home located in Kent County with nearby schools including West Warwick High School.

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