NOT LISTED FOR SALE

248 Cypress St Providence, RI 02906

Blackstone Neighborhood

Estimated Value: $958,000 - $1,195,791

7 Beds
3 Baths
5,600 Sq Ft
$197/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $725,000 $129 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $7,156/month

23 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Workshop
  • Attic
  • Tennis Courts
  • 5-minute walk to Morris Avenue Tot Lot

About This Home

As of June 2020

Meticulously maintained and totally redone owner occupied legal 3 unit prominently set on a large corner lot east of Hope St. offering fantastic outdoor living space and a 3 car width, side by side cobblestone parking lot. Each unit offer beautiful bathrooms and fantastic kitchens with granite counters and stainless appliances, gorgeous refinished wood flooring throughout, painstakingly redone wood trim, new windows, efficient ductless air conditioning on first and second floors and central air conditioning on third floor. The first and second floor units feature sun filled double living rooms with two bay window walls plus a separate dining room with built-ins and box bay window wall, eat-in kitchen, 2 bedrooms and one full bathroom while the spacious and inviting 3 floor unit can be either a 2 or 3 bedroom unit. The 2 level south facing solidly built front porches run the full width of the front of the building and the spacious rear patio covers nearly the entire rear yard. The bright immaculate basement features a spacious laundry room with stainless steel sink and folding area as well as ample storage for each unit. This large, turnkey multi unit is the ideal owner occupied, investment or condo conversion opportunity in a fantastic location between Brown University/Thayer St and Hope Village. Rents are currently below market and tenants are on a month to month basis. Taxes are based on $14.50/thousand homestead exemption rate.

Last Agent to Sell the Property

Ed Kazarian

Patriot Realty, Inc. License #REC.0012005 Listed on: 05/07/2020

Last Buyer's Agent

Taylor & Company

Residential Properties, Ltd.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,948

Year Built

  • Built in 1912

Lot Details

  • 4,791 Sq Ft Lot
  • Corner Lot

Home Design

  • Brick Foundation
  • Combination Foundation
  • Stone Foundation
  • Wood Siding
  • Shingle Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 5,600 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Workshop
  • Storage Room
  • Laundry Room
  • Utility Room
  • Permanent Attic Stairs
  • Storm Doors

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 3 Parking Spaces
  • No Garage
  • Driveway

Utilities

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

Additional Features

  • Porch
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 41
  • Assessor Parcel Number 248CYPRESSSTPROV

Community Details

Overview

  • 3 Units
  • East Side Subdivision

Amenities

  • Public Transportation

Recreation

  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,948

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Subdivision Name: East Side
  • Above Grade Finished Sq Ft: 5600.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Permanent Attic Stairs, Tub Shower
  • Dining Room Type: Laundry, Storage Room, Utility Room, Workshop
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Drywall, Plaster, Clapboard, Shingle Siding, Wood Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Brick/Mortar, Combination, Stone
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air, Ductless
  • Cooling Y N: Yes
  • Heating: Central, 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 Hospital, Near Schools, Public Transportation, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.0
  • Parcel #: 248CYPRESSSTPROV
  • Zoning: 103
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 6948.0
  • Tax Lot: 41
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2022
Sold by
Baker Sarah C and Baker Tiffany A
Bought by
Baker Blair and Baker Jeanette
Current Estimated Value
$1,101,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Outstanding Balance
$34,083
Interest Rate
6.92%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$1,120,722

Purchase Details

Listed on
May 7, 2020
Closed on
Jun 26, 2020
Sold by
Melucci John H
Bought by
Baker Sarah C and Baker Tiffany A
Seller's Agent
Ed Kazarian
Patriot Realty, Inc.
Buyer's Agent
Taylor & Company
Residential Properties, Ltd.
List Price
$739,900
Sold Price
$725,000
Premium/Discount to List
-$14,900
-2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.37%
Original Mortgage
$711,868
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 21, 2012
Sold by
Robert J Melucci Ret and Melucci
Bought by
Melucci John H

Purchase Details

Closed on
Aug 26, 2011
Sold by
Melucci Robert J
Bought by
Robert J Melucci Ret and Melucci

Purchase Details

Closed on
Apr 15, 1997
Sold by
Mccalmont Peter W
Bought by
Melucci Robert J and Faella Richard H

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
7.55%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Baker Blair -- None Available
Baker Blair -- None Available
Baker Sarah C $725,000 None Available
Baker Sarah C $725,000 None Available
Melucci John H -- --
Melucci John H -- --
Robert J Melucci Ret -- --
Robert J Melucci Ret -- --
Melucci Robert J $130,000 --
Melucci Robert J $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baker Blair $35,000
Open Baker Blair $668,000
Closed Baker Blair $668,000
Previous Owner Baker Sarah C $711,868
Previous Owner Melucci Robert J $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2020 06/30/20 Sold $725,000 -2.0% $129 / Sq Ft
05/31/2020 05/31/20 Pending -- -- --
05/07/2020 05/07/20 For Sale $739,900 -- $132 / 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 $14,394 $784,400 $310,800 $473,600
2023 $14,394 $784,400 $310,800 $473,600
2022 $13,072 $734,400 $310,800 $423,600
2021 $11,769 $479,200 $203,000 $276,200
2020 $11,769 $479,200 $203,000 $276,200
2019 $11,769 $479,200 $203,000 $276,200
2018 $11,196 $350,300 $201,800 $148,500
2017 $11,196 $350,300 $201,800 $148,500
2016 $11,196 $350,300 $201,800 $148,500
2015 $10,460 $316,000 $187,400 $128,600
2014 $10,665 $316,000 $187,400 $128,600
2013 $10,665 $316,000 $187,400 $128,600
Source: Public Records

Agents Affiliated with this Home

  • Ed Kazarian

    Seller's Agent in 2020

    Ed Kazarian

    Patriot Realty, Inc.

    (401) 578-7898

    1 in this area

    59 Total Sales

    Ed Kazarian
    Section Image

  • T

    Buyer's Agent in 2020

    Taylor & Company

    Residential Properties, Ltd.

  • Nelson Taylor

    Buyer's Agent in 2020

    Nelson Taylor

    Compass

    (401) 214-1524

    40 in this area

    614 Total Sales

    Nelson Taylor
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1252938

State-Wide MLS

APN: PROV-060041-000000-000000

Rhode Island Providence County Providence 02906 Blackstone

248 Cypress St, Providence, RI

This home is located at 248 Cypress St, Providence, RI 02906 since 07 May 2020 and is currently estimated at $1,101,597, approximately $196 per square foot. This property was built in 1912. 248 Cypress St is a home located in Providence County with nearby schools including Asa Messer Elementary School, Charles N. Fortes Elementary School, and Veazie Street Elementary School.

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