NOT LISTED FOR SALE

Estimated Value: $501,000 - $554,000

6 Beds
3 Baths
4,283 Sq Ft
$122/Sq Ft Est. Value

Last Sold June 17, 2020

Last sale price $250,000 $58 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $3,432/month

12 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Bathtub with Shower
  • Tennis Courts
  • Cooling Available
  • Shops

About This Home

As of June 2020

Sellers are ready to retire and let new owners reap the financial rewards of this great investment property near Federal Hill! They have been busy during ownership. Updates include kitchen appliances and tile flooring, bath tubs, wall tile, shelving, sinks and flooring - engineered hardwood through the living room and bedrooms. Outside improvements include the roof and gutters ('12), windows and doors. No need to worry about replacing expensive mechanical systems. The seller has completely redone the electrical and replaced the hot water heater and furnace, all separately metered so tenants pay their own utilities! 2nd and 3rd floor have air source heat pump to provide both heating and cooling with electric heat backup in the 2 bedrooms and bathroom. **Complete list of improvements attached to listing** Easy access to major routes/highways, this cash cow has tenants paying under market value rent. Quick ride to the theater district, College Hill and downtown - what more could you want? Property was inspected by a licensed lead inspector who said it has met the requirements of the Lead Hazard Mitigation Law based on visual inspection and dust testing - lead inspection and certificate of conformance in hand! Floor plans and list of improvements attached to listing. SF of units is approx pulled from public record. All units occupied by tenants with leases. Basement will be cleaned out prior to closing. Rents include water/sewer, tenants pay rest. Washer/dryer included in sale.

Last Agent to Sell the Property

William Wright

RE/MAX Executive Realty License #REB.0015191 Listed on: 05/05/2020

RE/MAX Executive Realty

Last Buyer's Agent

Jeffrey Wolstencroft

RI Real Estate Services License #RES.0034288

RI Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,713

Year Built

  • Built in 1910

Lot Details

  • 3,828

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Shingle Siding

Interior Spaces

  • 4,283 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heat Pump System
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • 3,828 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Assessor Parcel Number 237239JEWETTSTPROV

Community Details

Overview

  • 3 Units
  • Smith Hill Subdivision

Recreation

  • Tennis Courts
  • Recreation Facilities

Additional Features

  • Shops
  • Operating Expense $12,110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,713

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Subdivision Name: Smith Hill
  • Above Grade Finished Sq Ft: 4283.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Shingle Siding
  • Exterior Features: Paved Driveway

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 7.0

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Gas, Heat Pump
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3828.0
  • Parcel #: 237239JEWETTSTPROV
  • Zoning: R3
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 12110.0

Tax Info

  • Tax Annual Amount: 4713.0
  • Tax Lot: 0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2020
Closed on
Jun 15, 2020
Sold by
Lawless Lisa and Lee Harley
Bought by
Simon Amal and Simon Anthony E
Seller's Agent
William Wright
RE/MAX Executive Realty
Buyer's Agent
Jeffrey Wolstencroft
RI Real Estate Services
List Price
$249,900
Sold Price
$250,000
Premium/Discount to List
$100
0.04%
Total Days on Market
12
Current Estimated Value
$520,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,667
Avg. Annual Appreciation
16.30%
Original Mortgage
$187,500
Outstanding Balance
$168,028
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$362,305

Purchase Details

Listed on
Oct 2, 2012
Closed on
Nov 29, 2012
Sold by
Us Bank Na
Bought by
Lawless Lisa and Lee Harley
Seller's Agent
Jim Kacewicz
RE/MAX 1st Choice
Buyer's Agent
Jim Kacewicz
RE/MAX 1st Choice
List Price
$49,900
Sold Price
$85,500
Premium/Discount to List
$35,600
71.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.27%

Purchase Details

Closed on
Aug 1, 2012
Sold by
Mercado Marta and Us Bank Na
Bought by
Csmc 2006-6 and Us Bank Na

Purchase Details

Closed on
Jul 29, 1999
Sold by
Pinto Guillermo
Bought by
Mercado Marta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,800
Interest Rate
7.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 1989
Sold by
Bagian Alice
Bought by
Pinto Guillermo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,850
Interest Rate
9.7%
Source: Public Records

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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
Simon Amal $250,000 None Available
Lawless Lisa -- --
Csmc 2006-6 $70,000 --
Mercado Marta $88,000 --
Pinto Guillermo $82,500 --
Pinto Guillermo $82,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simon Amal $187,500
Previous Owner Pinto Guillermo $172,500
Previous Owner Pinto Guillermo $152,000
Previous Owner Pinto Guillermo $74,800
Previous Owner Pinto Guillermo $61,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2020 06/17/20 Sold $250,000 0.0% $58 / Sq Ft
05/18/2020 05/18/20 Pending -- -- --
05/05/2020 05/05/20 For Sale $249,900 +192.3% $58 / Sq Ft
11/29/2012 11/29/12 Sold $85,500 +71.3% $29 / Sq Ft
10/30/2012 10/30/12 Pending -- -- --
10/02/2012 10/02/12 For Sale $49,900 -- $17 / 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 $6,248 $340,500 $67,900 $272,600
2023 $6,248 $340,500 $67,900 $272,600
2022 $6,061 $340,500 $67,900 $272,600
2021 $4,713 $191,900 $33,500 $158,400
2020 $4,713 $191,900 $33,500 $158,400
2019 $4,713 $191,900 $33,500 $158,400
2018 $4,164 $130,300 $36,000 $94,300
2017 $4,164 $130,300 $36,000 $94,300
2016 $4,164 $130,300 $36,000 $94,300
2015 $4,005 $121,000 $47,000 $74,000
2014 $4,084 $121,000 $47,000 $74,000
2013 $3,682 $109,100 $47,000 $62,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1251814

State-Wide MLS

APN: PROV-670294-000000-000000