NOT LISTED FOR SALE

240 Wallace St Providence, RI 02909

Silver Lake Neighborhood

Estimated Value: $447,000 - $669,000

6 Beds
3 Baths
3,204 Sq Ft
$182/Sq Ft Est. Value

Last Sold March 04, 2016

Last sale price $85,000 $27 Per Sq Ft

Est. 584% increase in value since last sale

Current estimated payment $3,617/month

117 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 1-minute walk to Clarence Street Playground
  • 2 Car Detached Garage

About This Home

As of March 2016

ESTATE SALE. Subject to probate court and lienholder approval. Needs total rehab. Sale includes 240 Wallace and 42 Terrace Ave (AP 104 Lots 108,109). PROPERTY SOLD AS-IS. Buyer to verify property information.

Last Agent to Sell the Property

John Cappello

Horizon Realty, LLC License #REB.0018227 Listed on: 10/08/2015

Last Buyer's Agent

Joel Sanchez

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,200 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Stone Foundation
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,204 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Utilities

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

Community Details

  • 2 Buildings
  • 3 Units
  • Silver Lake Subdivision

Listing and Financial Details

  • Tax Lot 208,209
  • Assessor Parcel Number 240WALLACESTPROV

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.1423
  • Subdivision Name: SILVER LAKE
  • Above Grade Finished Sq Ft: 3204.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1920
  • Special Features: 12

Interior Features

  • Number Of Buildings: 2
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Living Area: 3204.0
  • Stories: 3

Exterior Features

  • Construction Type: Aluminum Siding
  • Foundation Details: Concrete Perimeter, Stone

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area
  • 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

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6200.0
  • Parcel #: 240WALLACESTPROV
  • Zoning: R3

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3316.4
  • Tax Lot: 208,209
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2025
Sold by
Pimentel Nicole
Bought by
Novatel Llc
Current Estimated Value
$581,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,500
Outstanding Balance
$430,111
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$151,556

Purchase Details

Listed on
Oct 8, 2015
Closed on
Mar 4, 2016
Sold by
Piccirillo Michael and Piccirillo Parker
Bought by
Piment Nicole
Seller's Agent
John Cappello
Horizon Realty, LLC
Buyer's Agent
Joel Sanchez
List Price
$74,900
Sold Price
$85,000
Premium/Discount to List
$10,100
13.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.49%

Purchase Details

Closed on
Apr 30, 1998
Sold by
Larou Realty
Bought by
Piccirillo Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,082
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Novatel Llc -- --
Piment Nicole $85,000 --
Piccirillo Michael $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Novatel Llc $430,500
Previous Owner Piccirillo Michael $170,000
Previous Owner Piccirillo Michael $142,000
Previous Owner Piccirillo Michael $90,082
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2016 03/04/16 Sold $85,000 +13.5% $27 / Sq Ft
02/03/2016 02/03/16 Pending -- -- --
10/08/2015 10/08/15 For Sale $74,900 -- $23 / 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 $7,262 $518,700 $135,000 $383,700
2024 $6,259 $341,100 $85,300 $255,800
2023 $6,259 $341,100 $85,300 $255,800
2022 $6,072 $341,100 $85,300 $255,800
2021 $5,180 $210,900 $48,400 $162,500
2020 $5,180 $210,900 $48,400 $162,500
2019 $5,180 $210,900 $48,400 $162,500
2018 $3,906 $122,200 $41,200 $81,000
2017 $3,906 $122,200 $41,200 $81,000
2016 $3,906 $122,200 $41,200 $81,000
2015 $3,466 $104,700 $41,200 $63,500
2014 $3,534 $104,700 $41,200 $63,500
2013 $3,534 $104,700 $41,200 $63,500
Source: Public Records

Agents Affiliated with this Home

  • John Cappello

    Seller's Agent in 2016

    John Cappello

    Horizon Realty, LLC

    (401) 524-8300

    13 Total Sales

    John Cappello
    Section Image

  • J

    Buyer's Agent in 2016

    Joel Sanchez

  • Joseph Sanchez

    Buyer's Agent in 2016

    Joseph Sanchez

    Real Broker, LLC

    (401) 884-8050

    17 Total Sales

    Joseph Sanchez
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1109815

State-Wide MLS

APN: PROV-001040-000208-000000

Rhode Island Providence County Providence 02909 Silver Lake

240 Wallace St, Providence, RI

Not Listed for Sale

MultiFamily

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