NOT LISTED FOR SALE

22 Forest Ave Cumberland, RI 02864

Valley Falls Neighborhood

Estimated Value: $475,169 - $628,000

6 Beds
3 Baths
4,192 Sq Ft
$131/Sq Ft Est. Value

Last Sold November 20, 2018

Last sale price $280,000 $67 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $3,283/month

45 Days on Market

Highlights

  • Wood Flooring
  • Recreation Facilities
  • Bathtub with Shower
  • Cumberland High School Rated 9+
  • Thermal Windows
  • Public Transportation

About This Home

As of November 2018

SPACIOUS THREE FAMILY IN VALLEY FALLS. EACH UNIT OFFERS 2 BEDROOMS AND 1 BATH. SEPARATE HEATING SYSTEMS AND ELECTRIC. VINYL SIDED AND REPLACEMENT WINDOWS. HARDWIRED SMOKE/CARBON MONOXIDE DETECTORS. PLENTY OF PARKING. CALL FOR MORE DETAILS.

Last Agent to Sell the Property

Michael Glynn

Beretta Realty Company License #RES.0020520 Listed on: 09/05/2018

Last Buyer's Agent

Celeste Costa

Alltown Real Estate Group License #RES.0035527

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,384

Year Built

  • Built in 1925

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • Combination Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 4,192 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Utilities

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

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 257
  • Assessor Parcel Number 2224FORESTAVCUMB

Community Details

Overview

  • 4 Units
  • Valley Falls Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,384

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Subdivision Name: VALLEY FALLS
  • Above Grade Finished Sq Ft: 4192.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Tub Shower
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Combination

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Near Schools, Public Transportation, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6098.0
  • Parcel #: 2224FORESTAVCUMB
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3384.0
  • Tax Lot: 257
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2018
Closed on
Nov 20, 2018
Sold by
Fuller Edgar W and Fuller Sharyn E
Bought by
Ferreira Matthew
Seller's Agent
Michael Glynn
Beretta Realty Company
Buyer's Agent
Celeste Costa
Alltown Real Estate Group
List Price
$299,900
Sold Price
$280,000
Premium/Discount to List
-$19,900
-6.64%
Current Estimated Value
$550,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,292
Avg. Annual Appreciation
10.12%
Original Mortgage
$266,000
Outstanding Balance
$231,851
Interest Rate
4.38%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$318,441

Purchase Details

Closed on
Sep 23, 2009
Sold by
Aurora Loan Svcs
Bought by
Fuller Edgar W and Fuller Shoryn E

Purchase Details

Closed on
Apr 8, 2009
Sold by
Pena Gladys and Lehman Brothers Bk
Bought by
Lehman Brothers Bk

Purchase Details

Closed on
Jul 20, 2005
Sold by
Rushlow John J
Bought by
Iglesias Jaime and Pena Gladys

Purchase Details

Closed on
Apr 16, 2001
Sold by
Gorniewicz John D and Gorniewicz Lynda R
Bought by
Rushlow John J

Purchase Details

Closed on
Jul 25, 1989
Sold by
Zoeller Steven G
Bought by
Gorniewicz John D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ferreira Matthew $280,000 --
Fuller Edgar W $210,000 --
Lehman Brothers Bk $220,000 --
Iglesias Jaime $355,000 --
Rushlow John J $165,000 --
Gorniewicz John D $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorniewicz John D $266,000
Previous Owner Gorniewicz John D $145,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2018 11/20/18 Sold $280,000 -6.6% $67 / Sq Ft
10/21/2018 10/21/18 Pending -- -- --
09/05/2018 09/05/18 For Sale $299,900 -- $72 / 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 $4,618 $376,400 $90,300 $286,100
2024 $4,498 $376,400 $90,300 $286,100
2023 $4,374 $376,400 $90,300 $286,100
2022 $4,262 $284,300 $66,200 $218,100
2021 $4,191 $284,300 $66,200 $218,100
2020 $4,071 $284,300 $66,200 $218,100
2019 $4,043 $254,600 $57,200 $197,400
2018 $506 $254,600 $57,200 $197,400
2017 $3,872 $254,600 $57,200 $197,400
2016 $3,693 $216,200 $59,300 $156,900
2015 $3,693 $216,200 $59,300 $156,900
2014 $3,693 $216,200 $59,300 $156,900
2013 $3,680 $233,200 $62,200 $171,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Michael Glynn

    Beretta Realty Company

    (401) 862-8666

    52 Total Sales

    Michael Glynn
    Section Image
  • Celeste Costa

    Buyer's Agent in 2018

    Celeste Costa

    Alltown Real Estate Group

    (401) 949-5400

    10 in this area

    36 Total Sales

    Celeste Costa
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1203183

State-Wide MLS

APN: CUMB-000003-000257-000000

Rhode Island Providence County Cumberland 02864 Valley Falls

22 Forest Ave, Cumberland, RI

Not Listed for Sale

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