NOT LISTED FOR SALE

242 Broad St Cumberland, RI 02864

Valley Falls Neighborhood

Estimated Value: $548,644 - $638,000

6 Beds
3 Baths
4,418 Sq Ft
$131/Sq Ft Est. Value

Last Sold March 22, 2021

Last sale price $380,000 $86 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,554/month

25 Days on Market

Highlights

  • Wood Flooring
  • Recreation Facilities
  • Thermal Windows
  • Cumberland High School Rated 9+
  • 2 Car Detached Garage
  • Bathtub with Shower

About This Home

As of March 2021

Great owner occupied or investment opportunity in Cumberland, large well maintained 3 Family with many updates throughout! This property features 3 large units with 2-3 beds and 1 full bath per unit. Some features include a new roof, hardwood floors, updated electrical (3 separate 100 amp panels), 3 separate gas heating systems and new water tanks, 1st floor unit (only) has central air, vinyl siding, replacement windows, newer appliances, 2 car garage, and plenty of parking. On site laundry and storage for each unit in the basement. Conveniently located close to all major conveniences (schools, shopping, etc.)

Last Agent to Sell the Property

Ed D'Agostino

New Market Realty License #RES.0029999 Listed on: 01/25/2021

Last Buyer's Agent

Beatriz Giron-moreau

Coldwell Banker Realty License #RES.0030158

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,541

Year Built

  • Built in 1900

Lot Details

  • 6,969 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Combination Foundation
  • Stone Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 4,418 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Wood Flooring

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 0059
  • Assessor Parcel Number 242BROADSTCUMB

Community Details

Overview

  • 3 Units
  • Valley Falls Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,541

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Subdivision Name: Valley Falls
  • Above Grade Finished Sq Ft: 4418.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Combination, Stone

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Forced Air, 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 Schools, Public Transportation, Recreation Area, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6969.0
  • Parcel #: 242BROADSTCUMB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 4540.87
  • Tax Lot: 0059
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
Mar 22, 2021
Sold by
Almeida Maria L and Almeida John C
Bought by
Morales Emilio
Seller's Agent
Ed D'Agostino
New Market Realty
Buyer's Agent
Beatriz Giron-moreau
Coldwell Banker Realty
List Price
$369,900
Sold Price
$380,000
Premium/Discount to List
$10,100
2.73%
Current Estimated Value
$577,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,411
Avg. Annual Appreciation
11.02%
Original Mortgage
$373,117
Outstanding Balance
$339,002
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$266,078

Purchase Details

Closed on
Jun 21, 2010
Sold by
Fnma
Bought by
Almeida John C and Almeida Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2005
Sold by
Gloria Adorindo F and Gloria Armando
Bought by
Correia Emmanuel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Morales Emilio $380,000 None Available
Almeida John C $201,000 --
Correia Emmanuel J $355,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Emilio $373,117
Previous Owner Correia Emmanuel J $115,000
Previous Owner Correia Emmanuel J $328,500
Previous Owner Correia Emmanuel J $284,000
Previous Owner Correia Emmanuel J $71,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2021 03/22/21 Sold $380,000 +2.7% $86 / Sq Ft
02/20/2021 02/20/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $369,900 -- $84 / 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 $4,969 $415,800 $106,500 $309,300
2023 $4,832 $415,800 $106,500 $309,300
2022 $4,753 $317,100 $65,200 $251,900
2021 $4,674 $317,100 $65,200 $251,900
2020 $4,541 $317,100 $65,200 $251,900
2019 $3,813 $240,100 $41,800 $198,300
2018 $477 $240,100 $41,800 $198,300
2017 $3,652 $240,100 $41,800 $198,300
2016 $3,713 $217,400 $53,900 $163,500
2015 $3,713 $217,400 $53,900 $163,500
2014 $3,713 $217,400 $53,900 $163,500
2013 $3,508 $222,300 $56,800 $165,500
Source: Public Records

Agents Affiliated with this Home

  • Ed D'Agostino

    Seller's Agent in 2021

    Ed D'Agostino

    New Market Realty

    (401) 480-7483

    2 in this area

    65 Total Sales

    Ed D'Agostino
    Section Image
  • Beatriz Giron-moreau

    Buyer's Agent in 2021

    Beatriz Giron-moreau

    Coldwell Banker Realty

    (401) 263-2840

    5 in this area

    164 Total Sales

    Beatriz Giron-moreau
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1274102

State-Wide MLS

APN: CUMB-000003-000059-000000

Rhode Island Providence County Cumberland 02864 Valley Falls

242 Broad St, Cumberland, RI

This home is located at 242 Broad St, Cumberland, RI 02864 since 25 January 2021 and is currently estimated at $577,411, approximately $130 per square foot. This property was built in 1900. 242 Broad St is a home located in Providence County with nearby schools including B.F. Norton Elementary School, Joseph L. McCourt Middle School, and Cumberland High School.

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