$450,000
SOLD JAN 24, 2025

233 Waterman Ave East Providence, RI 02914

5 Beds
3 Baths
2,292 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$196 Per Sq Ft

10% Below List Price

6 Days on Market

Highlights

  • Wood Flooring
  • Recreation Facilities
  • Thermal Windows
  • 1 Fireplace
  • 1 Car Detached Garage
  • Porch

About This Home

As of January 2025

EQUITY BUILDER @ AN AMAZING PRICE !! Not your average three family ! Recent windows, roof and siding ! Unit 1; 1 level; Units 2 & 3 are townhouse style. 2 on site parking spaces; detached garage (needs work), 3 gas boilers, 3 gas water heaters. Owner pays electric (1 panel). Additional income from coin-op laundry (remains with sale). Long term tenants (under market rents). Excellent central location close to I-195 and the East Side. C1 Zone. SELLING AS-IS.

Last Agent to Sell the Property

Scott Nagy

Milestone Realty, Inc. License #RES.0033465 Listed on: 12/10/2024

Last Buyer's Agent

William Dubois

Smith and Oak Real Estate Co. License #RES.0046148

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,097

Year Built

  • Built in 1900

Lot Details

  • 5,000 Sq Ft Lot
  • Fenced

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,292 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Thermal Windows
  • Storage Room
  • Laundry Room
  • Utility Room

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Outdoor Features

  • Porch

Utilities

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

Listing and Financial Details

  • Tenant pays for hot water
  • Legal Lot and Block 7 / 16
  • Assessor Parcel Number 233WATERMANAVEPRO

Community Details

Overview

  • 3 Units
  • Central East Providence Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,097

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Inclusions: Unit SF/sized have been estimated. Owner pays electric and 2 unit gas (connected to coin-op dryer). Knob & tube found in existing wiring, older cast iron plumbing, garage needs to be repaired or removed. Units are in average condition; painting and flooring would increase new rents. Existing tenants to remain with sale.
  • Subdivision Name: Central East Providence
  • Above Grade Finished Sq Ft: 2292.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplaces: 1
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Interior Amenities: Bathtub, Stall Shower, Tub Shower, Cable TV
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Plaster, Wood Siding, Brick, Vinyl Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Brick/Mortar, Concrete Perimeter, Stone
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 3.0

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, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5000.0
  • Parcel #: 233WATERMANAVEPRO
  • Zoning: C1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 6097.0
  • Tax Block: 16
  • Tax Lot: 7
  • Tax Map Number: 206
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2024
Closed on
Jan 24, 2025
Sold by
Cook Scott
Bought by
Red Maple Hldg Llc
Seller's Agent
Scott Nagy
Milestone Realty, Inc.
Buyer's Agent
William Dubois
Smith and Oak Real Estate Co.
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.20%
Original Mortgage
$425,000
Outstanding Balance
$423,480
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$35,867

Purchase Details

Closed on
Aug 5, 2011
Sold by
Stanley Edward
Bought by
Cook Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,870
Interest Rate
4.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2004
Sold by
Cook Richard and Rebello Barbara
Bought by
Stanley Edward and Stnaley Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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 $450,000 None Available
Warranty Deed $450,000 None Available
Warranty Deed $180,000 --
Warranty Deed $180,000 --
Deed $180,000 --
Deed $180,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $425,000 Purchase Money Mortgage
Closed $425,000 Purchase Money Mortgage
Previous Owner $184,410 No Value Available
Previous Owner $183,870 Purchase Money Mortgage
Previous Owner $130,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 Pending -- -- --
06/18/2025 06/18/25 For Sale $599,000 +33.1% $225 / Sq Ft
01/24/2025 01/24/25 Sold $450,000 -9.8% $196 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
12/10/2024 12/10/24 For Sale $499,000 -- $218 / 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 $6,097 $397,700 $75,000 $322,700
2023 $5,870 $397,700 $75,000 $322,700
2022 $5,705 $261,000 $42,800 $218,200
2021 $5,612 $261,000 $40,100 $220,900
2020 $5,374 $261,000 $40,100 $220,900
2019 $5,225 $261,000 $40,100 $220,900
2018 $4,047 $176,900 $41,900 $135,000
2017 $3,957 $176,900 $41,900 $135,000
2016 $3,938 $176,900 $41,900 $135,000
2015 $3,771 $164,300 $33,900 $130,400
2014 $3,771 $164,300 $33,900 $130,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1374424

State-Wide MLS

APN: EPRO-000206-000016-000007