NOT LISTED FOR SALE

Estimated Value: $581,000 - $625,761

9 Beds
3 Baths
4,392 Sq Ft
$138/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $489,500 $111 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,734/month

25 Days on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • Bathtub with Shower
  • Walking Distance to Water
  • Cooling Available
  • Forced Air Heating System

About This Home

As of April 2022

Rare 3 unit in Warwick. Great location for this large 3000+ sf property on 12,600 sf site. All 3 of the units have 3 ample size bedrooms with first and second floor containing approx. 1068 sf of living area each and having a dining room also. Maintenance free vinyl sided exterior/aluminum trim. Large Vinyl thermo pane windows offering bright sunny units. First floor has newer kitchen with solid wood cabinets and newer bathroom tub/shower . First floor also has a brand new FHW gas baseboard heating system. 3rd floor has newer wood kitchen cabinets and newer FHA gas heating system. Many walls and ceilings in the building have been covered with sheetrock and most of the trim is newer pine. Each unit has 100 amp electrical/circuit breakers. All units/halls/basement have hard wired smoke/CO detectors to code. Newly paved asphalt driveway. Basement storage . Coin op laundry. Large site offering both large front and rear yards. The building is set back nicely from the street. Sewer installation has begun in this area. Close to all conveniences, shopping, bus line, West Shore Rd and Warwick Ave. Walk to Narragansett Bay, Excellent rental record with history of several long term tenants over 21 years. Current gross approx. $55000 with below market rents. $65000+ gross possible. Agent owned. retiring.

Last Agent to Sell the Property

Michael Capuano

World Net Real Estate Group License #RES.0025163 Listed on: 03/21/2022

Last Buyer's Agent

John Zadroga

eXp Realty License #RES.0034281

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,164

Year Built

  • Built in 1910

Lot Details

  • 0.29

Home Design

  • Brick Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 4,392 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 8 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • Walking Distance to Water
  • 0.29 Acre Lot

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 298
  • Assessor Parcel Number 175TIDEWATERDRWARW

Community Details

Overview

  • 3 Units
  • Longmeadow Subdivision

Building Details

  • Operating Expense $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,164

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.29
  • Subdivision Name: Longmeadow
  • Above Grade Finished Sq Ft: 4392.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1910
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
  • Interior Amenities: Tub Shower, Cable TV
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Brick/Mortar, Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Forced Air, Gas, Hot Water, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12632.0
  • Parcel #: 175TIDEWATERDRWARW
  • Zoning: A7
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 12000.0

Tax Info

  • Tax Annual Amount: 5164.0
  • Tax Lot: 298
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2022
Closed on
Apr 29, 2022
Sold by
Capuano Michael
Bought by
Arias Joel and Pellerano Jose
Seller's Agent
Michael Capuano
World Net Real Estate Group
Buyer's Agent
John Zadroga
eXp Realty
List Price
$489,000
Sold Price
$489,500
Premium/Discount to List
$500
0.1%
Current Estimated Value
$606,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,940
Avg. Annual Appreciation
7.63%
Original Mortgage
$367,125
Outstanding Balance
$348,032
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$277,773

Purchase Details

Closed on
May 19, 1997
Sold by
Moretti Tim
Bought by
Tournoy Ronald J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage
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
Arias Joel $489,500 None Available
Tournoy Ronald J $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arias Joel $367,125
Previous Owner Tournoy Ronald J $195,000
Previous Owner Tournoy Ronald J $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $489,500 +0.1% $111 / Sq Ft
04/15/2022 04/15/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $489,000 -- $111 / 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 $5,235 $361,800 $98,100 $263,700
2023 $5,134 $361,800 $98,100 $263,700
2022 $5,164 $275,700 $62,200 $213,500
2021 $5,164 $275,700 $62,200 $213,500
2020 $5,164 $275,700 $62,200 $213,500
2019 $5,353 $285,800 $62,200 $223,600
2018 $4,254 $210,200 $62,200 $148,000
2017 $4,254 $210,200 $62,200 $148,000
2016 $4,254 $210,200 $62,200 $148,000
2015 $4,627 $223,000 $62,800 $160,200
2014 $4,473 $223,000 $62,800 $160,200
2013 $4,413 $223,000 $62,800 $160,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1303477

State-Wide MLS

APN: WARW-000335-000298-000000