NOT LISTED FOR SALE
8 Beds
4 Baths
4,548 Sq Ft
0.44 Acre Lot

Sale Details

Date Sold: June 24, 2021

Last sale price $425,000 $93 Per Sq Ft

42 Days on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • Shops
  • Recreation Facilities
  • Storm Windows
  • Forced Air Heating System

About This Home

As of June 2021

$$$$$ AMAZING OPPORTUNITY to own this Turn-Key MONEY MAKING Cash Cow in the heart of South County! It's fully rented and located close to Everything: A Bike ride to the Beach, a short ride to URI, camping at Burlingame and a 1/4 mile to Route One. It's been well maintained with many updates: Vinyl siding, Architectural shingles, replacement windows and a bonus finishable 5th "studio space" unit for those with vision. Nestled on a huge lot with a back yard and plenty of off-street parking. Long term tenants pay their own utilities and with low rents, and it's still a Total CASH COW! That's the beauty of a 4 unit: You can set the rents low and still profit! Don't miss out on this Golden Opportunity!!! $$$$$

Last Agent to Sell the Property

Tony Lanni

RE/MAX Preferred License #REB.0018844 Listed on: 04/12/2021

RE/MAX Preferred

Last Buyer's Agent

Christine Henson

RI Real Estate Services License #RES.0041879

RI Real Estate Services
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,825

Year Built

  • Built in 1900

Lot Details

  • 19,166 Sq Ft Lot

Home Design

  • Wood Siding
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 4,548 Sq Ft Home
  • 2-Story Property
  • Stone Fireplace
  • Thermal Windows

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Partial Basement

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Oil Water Heater
  • Cesspool
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 55
  • Assessor Parcel Number 2172POSTRDSKNG

Community Details

Overview

  • 4 Units
  • Matunick Subdivision

Recreation

  • Recreation Facilities

Additional Features

  • Shops
  • Operating Expense $3,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,825

Year Built

Built in 1900

Lot Details

0.44 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.44
  • Subdivision Name: Matunick
  • Above Grade Finished Sq Ft: 4548.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Oil Water Heater, Range, Refrigerator
  • Has Basement: Partial, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Door Features: Storm Door(s)
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Wood
  • Interior Amenities: Cable TV
  • Stories: 2
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Vinyl Siding, Wood Siding
  • Exterior Features: Paved Driveway

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Cesspool, Septic Tank
  • Utilities: Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 19166.0
  • Parcel #: 2172POSTRDSKNG
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 3900.0

Tax Info

  • Tax Annual Amount: 4825.0
  • Tax Lot: 55
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2021
Closed on
Jun 23, 2021
Sold by
Bought by
Seller's Agent
Tony Lanni
RE/MAX Preferred
Buyer's Agent
Christine Henson
RI Real Estate Services
List Price
$495,000
Sold Price
$425,000
Premium/Discount to List
-$70,000
-14.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Outstanding Balance
$282,870
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 21, 2019
Closed on
Oct 10, 2019
Sold by
Bought by
Seller's Agent
Neil Zartarian
GREATER R.I. PROPERTIES, LLC
Buyer's Agent
Tony Lanni
RE/MAX Preferred
List Price
$424,900
Sold Price
$309,900
Premium/Discount to List
-$115,000
-27.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.29%
Original Mortgage
$232,400
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 15, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$425,000 None Available
$309,900 --
-- --
$192,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $318,750
Previous Owner $233,500
Closed $232,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2021 06/24/21 Sold $425,000 -14.1% $93 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
04/12/2021 04/12/21 For Sale $495,000 +59.7% $109 / Sq Ft
10/10/2019 10/10/19 Sold $309,900 -27.1% $68 / Sq Ft View Prior Sale
09/10/2019 09/10/19 Pending -- -- --
03/21/2019 03/21/19 For Sale $424,900 -- $93 / Sq Ft
Source: State-Wide MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,765 $421,100 $164,800 $256,300
2024 $4,392 $397,500 $126,700 $270,800
2023 $4,392 $397,500 $126,700 $270,800
2022 $4,353 $397,500 $126,700 $270,800
2021 $4,825 $333,900 $104,500 $229,400
2020 $4,825 $333,900 $104,500 $229,400
2019 $4,825 $333,900 $104,500 $229,400
2018 $5,378 $343,000 $100,800 $242,200
2017 $5,251 $343,000 $100,800 $242,200
2016 $5,176 $343,000 $100,800 $242,200
2015 $5,100 $328,600 $94,900 $233,700
2014 $5,087 $328,600 $94,900 $233,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1279932

State-Wide MLS

APN: SKIN P:080-1 L:000055

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