$120,000
SOLD MAY 14, 2013

222 River Ave Providence, RI 02908

Elmhurst Neighborhood
11 Beds
4 Baths
3,750 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$32 Per Sq Ft

51% Below List Price

116 Days on Market

Highlights

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

About This Home

As of January 2019

Amazing short sale opportunity! Oversized 3 family close to parkway. Current layout offers two 4 bedrooms and one 3 bedroom. Current rents are below market. Market rent for the bldg in current condition is around $3000/month. A true cash cow!

Last Agent to Sell the Property

Nelson Taylor

Compass Listed on: 12/18/2012

Compass

Last Buyer's Agent

David Ramage

Premier Realty Group License #RES.0033030

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Home Design

  • Shingle Siding

Interior Spaces

  • 3,750 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 4 Full Bathrooms

Parking

  • 5 Parking Spaces
  • No Garage

Utilities

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

Additional Features

  • 5,000 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 222224RIVERAVPROV

Community Details

Overview

  • 3 Units
  • Elmhurst Subdivision

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Subdivision Name: ELMHURST
  • Above Grade Finished Sq Ft: 3750.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: 12

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 11
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 3750.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Shingle Siding

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 5000.0
  • Parcel #: 222224RIVERAVPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 5700.0
  • Tax Lot: 26
  • Tax Year: 2012

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 Type Sale Price Title Company
Warranty Deed $263,000 --
Warranty Deed $120,000 --
Deed $295,000 --
Warranty Deed $111,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $113,000 New Conventional
Previous Owner $295,000 Purchase Money Mortgage
Previous Owner $111,000 Purchase Money Mortgage
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

    613 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: 1030779

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 and is currently priced at $120,000, approximately $32 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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