NOT LISTED FOR SALE

240 Lockwood St Providence, RI 02907

Upper South Providence Neighborhood

Estimated Value: $629,000 - $662,000

5 Beds
3 Baths
5,522 Sq Ft
$117/Sq Ft Est. Value

Last Sold September 12, 2022

Last sale price $525,000 $95 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,756/month

100 Days on Market

Highlights

  • Marina
  • Wood Burning Stove
  • Corner Lot
  • Deck
  • Wood Flooring
  • 1-minute walk to Pearl Street Park

About This Home

As of September 2022

3 family Circa 1895 Victorian Mansard is being offered for the 1st time in generations! Historic character & details abound in this 3 unit charmer. Impressive grand foyer & curved staircase. Bright and spacious units featuring, soaring ceilings, double parlors, gleaming hardwood floors, generous sized kitchens/pantry and an abundance of natural sunlight. All units have separate utilities and there is a full basement with laundry and storage. 2 back decks overlooking a nice size yard. This rare opportunity (240 Lockwood / 3 family/4000 SF lot) can be sold as a package which includes 2 additional lots that have tranquil green space with organic perennial gardens/parking( See MLS#1312873) that can be developed with an additional 3 unit. 246 Lockwood St. / Lot 240 / 3300 SF & 66 West Clifford St / Lot 356 / 2200 SF. Zoned R3. Centrally located, close proximity to RI & Hasbro hospitals, Downtown and the Interstate. 50 minute commute to Boston. Call for further information and to schedule your private showing!

Last Agent to Sell the Property

Rachel Wills

Peter M. Scotti & Assoc.,Inc. License #RES.0041740 Listed on: 06/03/2022

Last Buyer's Agent

Maria Santos

eXp Realty License #RES.0045469

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,480

Year Built

  • Built in 1895

Lot Details

  • 3,920 Sq Ft Lot
  • Corner Lot

Parking

  • No Garage

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 5,522 Sq Ft Home
  • 3-Story Property
  • Wood Burning Stove
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck

Location

  • Property near a hospital

Utilities

  • Window Unit Cooling System
  • Forced Air Zoned Heating System
  • Heating System Uses Gas
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 241
  • Assessor Parcel Number 240LOCKWOODSTPROV

Community Details

Overview

  • 3 Units
  • Lockwood / Ri Hospital Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,480

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Subdivision Name: Lockwood / RI Hospital
  • Above Grade Finished Sq Ft: 5522.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1895
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower, Cable TV, Wood Burning Stove
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Plaster, Wood Siding
  • Exterior Features: Balcony, Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Balcony, Deck

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: 1 Unit, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas, Zoned
  • Heating Yn: Yes
  • Electric: 150 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.0
  • Parcel #: 240LOCKWOODSTPROV
  • Zoning: R3
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 4480.0
  • Tax Lot: 241
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2022
Closed on
Sep 12, 2022
Sold by
Cannon Terrance P and Boneau Jacinda
Bought by
Paye Matu
Seller's Agent
Rachel Wills
Peter M. Scotti & Assoc.,Inc.
Buyer's Agent
Maria Santos
eXp Realty
List Price
$639,900
Sold Price
$525,000
Premium/Discount to List
-$114,900
-17.96%
Current Estimated Value
$646,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,000
Avg. Annual Appreciation
6.63%
Original Mortgage
$608,770
Outstanding Balance
$581,030
Interest Rate
5.3%
Mortgage Type
FHA
Estimated Equity
$64,970

Purchase Details

Closed on
Aug 8, 2019
Sold by
Cannon Terrence P
Bought by
Boneau Jainda
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
Paye Matu $620,000 None Available
Boneau Jainda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paye Matu $608,770
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2022 09/12/22 Sold $525,000 0.0% $95 / Sq Ft
06/14/2022 06/14/22 Price Changed $525,000 -18.0% $95 / Sq Ft
06/03/2022 06/03/22 For Sale $639,900 -- $116 / 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 $4,256 $563,700 $100,000 $463,700
2024 $7,158 $390,100 $56,000 $334,100
2023 $7,158 $390,100 $56,000 $334,100
2022 $6,944 $390,100 $56,000 $334,100
2021 $4,480 $182,400 $24,400 $158,000
2020 $4,480 $182,400 $24,400 $158,000
2019 $4,654 $189,500 $24,400 $165,100
2018 $4,257 $133,200 $22,200 $111,000
2017 $4,967 $155,400 $22,200 $133,200
2016 $4,967 $155,400 $22,200 $133,200
2015 $3,571 $107,900 $22,200 $85,700
2014 $3,642 $107,900 $22,200 $85,700
2013 $2,774 $82,200 $22,200 $60,000
Source: Public Records

Agents Affiliated with this Home

  • Rachel Wills

    Seller's Agent in 2022

    Rachel Wills

    Peter M. Scotti & Assoc.,Inc.

    (401) 248-3111

    3 in this area

    58 Total Sales

    Rachel Wills
    Section Image

  • M

    Buyer's Agent in 2022

    Maria Santos

    eXp Realty

    (401) 316-5754

    2 in this area

    37 Total Sales

    Maria Santos
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1311798

State-Wide MLS

APN: PROV-230241-000000-000000

Rhode Island Providence County Providence 02907 Upper South Providence

240 Lockwood St, Providence, RI

Not Listed for Sale

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