NOT LISTED FOR SALE

222 River Ave Providence, RI 02908

Elmhurst Neighborhood

Estimated Value: $545,997 - $718,000

9 Beds
3 Baths
5,045 Sq Ft
$125/Sq Ft Est. Value

Last Sold January 18, 2019

Last sale price $263,000 $52 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $3,962/month

63 Days on Market

Highlights

  • Wood Flooring
  • Public Transportation
  • Property near a hospital
  • Recreation Facilities
  • Shops
  • Baseboard Heating

About This Home

As of January 2019

Money maker huge three family in Elmhurst. Nice oversized units. Perfect for investors or owner occupant centrally located. Don't miss out on this opportunity! Rents below market value. This home is a cash cow!

Last Agent to Sell the Property

Premier Group

Century 21 Limitless PRG Listed on: 10/16/2018

Century 21 Limitless PRG

Co-Listed By

Michael Veltri

Century 21 Limitless PRG License #REB.0018100

Last Buyer's Agent

Jess Powers

Real Broker, LLC License #REB.0018505

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,567

Year Built

  • Built in 1920

Lot Details

  • 3,258

Home Design

  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 5,045 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • 5 Parking Spaces
  • No Garage

Utilities

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

Additional Features

  • 3,258 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 222RIVERAVPROV

Community Details

Overview

  • 4 Units
  • Elmhurst / Providence College Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,567

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0748
  • Co List Office Mls Id: EXIT10
  • Co List Office Phone: 401-288-3600
  • Subdivision Name: Elmhurst / Providence College
  • Above Grade Finished Sq Ft: 5045.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: None

Interior Features

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

Exterior Features

  • Construction Type: Clapboard
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 5.0

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3258.0
  • Parcel #: 222RIVERAVPROV
  • Zoning: RES
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5567.0
  • Tax Lot: 26
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2018
Closed on
Jan 18, 2019
Sold by
Zalano Anthony
Bought by
Macfarlane William F and Gradowski Kathryn T
Seller's Agent
Premier Group
Century 21 Limitless PRG
Buyer's Agent
Jess Powers
Real Broker, LLC
List Price
$289,900
Sold Price
$263,000
Premium/Discount to List
-$26,900
-9.28%
Current Estimated Value
$629,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,499
Avg. Annual Appreciation
13.89%
Original Mortgage
$113,000
Outstanding Balance
$99,551
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$529,948

Purchase Details

Listed on
Dec 18, 2012
Closed on
May 15, 2013
Sold by
Pennino Matthew S
Bought by
Zelano Anthony
Seller's Agent
Nelson Taylor
Compass
Buyer's Agent
David Ramage
Premier Realty Group
List Price
$245,000
Sold Price
$120,000
Premium/Discount to List
-$125,000
-51.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.81%

Purchase Details

Closed on
Nov 12, 2004
Sold by
Digangi Joseph
Bought by
Pennino Matthew S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 1994
Sold by
Delrossi Robert E
Bought by
Martins Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
8.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Macfarlane William F $263,000 --
Zelano Anthony $120,000 --
Pennino Matthew S $295,000 --
Martins Maria A $111,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macfarlane William F $113,000
Previous Owner Martins Maria A $295,000
Previous Owner Martins Maria A $111,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2019 01/18/19 Sold $263,000 -9.3% $52 / Sq Ft
12/19/2018 12/19/18 Pending -- -- --
10/16/2018 10/16/18 For Sale $289,900 +141.6% $57 / Sq Ft
05/14/2013 05/14/13 Sold $120,000 -51.0% $32 / Sq Ft
04/14/2013 04/14/13 Pending -- -- --
12/18/2012 12/18/12 For Sale $245,000 -- $65 / 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 $7,505 $409,000 $103,000 $306,000
2023 $7,505 $409,000 $103,000 $306,000
2022 $7,280 $409,000 $103,000 $306,000
2021 $6,653 $270,900 $78,500 $192,400
2020 $6,653 $270,900 $78,500 $192,400
2019 $6,430 $261,800 $78,500 $183,300
2018 $5,567 $174,200 $63,100 $111,100
2017 $5,567 $174,200 $63,100 $111,100
2016 $5,567 $174,200 $63,100 $111,100
2015 $4,945 $149,400 $63,100 $86,300
2014 $5,042 $149,400 $63,100 $86,300
2013 $5,042 $149,400 $63,100 $86,300
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Premier Group

    Century 21 Limitless PRG

    (401) 288-3600

    6 in this area

    535 Total Sales

    Premier Group
    Section Image
  • Michael Veltri

    Seller Co-Listing Agent in 2019

    Michael Veltri

    Century 21 Limitless PRG

    (401) 465-3727

    2 in this area

    120 Total Sales

    Michael Veltri
    Section Image
  • Jess Powers

    Buyer's Agent in 2019

    Jess Powers

    Real Broker, LLC

    (401) 227-3566

    11 in this area

    229 Total Sales

    Jess Powers
    Section Image
  • Nelson Taylor

    Seller's Agent in 2013

    Nelson Taylor

    Compass

    (401) 214-1524

    25 in this area

    614 Total Sales

    Nelson Taylor
    Section Image

  • D

    Buyer's Agent in 2013

    David Ramage

    Premier Realty Group

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1207226

State-Wide MLS

APN: PROV-840026-000000-000000

Rhode Island Providence County Providence 02908 Elmhurst

222 River Ave, Providence, RI

This home is located at 222 River Ave, Providence, RI 02908 since 16 October 2018 and is currently estimated at $629,499, approximately $124 per square foot. This property was built in 1920. 222 River Ave is a home located in Providence County with nearby schools including Asa Messer Elementary School, Charles N. Fortes Elementary School, and Veazie Street Elementary School.

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