NOT LISTED FOR SALE

25 Adelaide Ave Providence, RI 02907

Elmwood Neighborhood

Estimated Value: $525,733 - $654,000

11 Beds
3 Baths
6,134 Sq Ft
$98/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $342,000 $56 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,516/month

27 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Storage Room
  • Workshop
  • Bathtub with Shower
  • Public Transportation

About This Home

As of October 2020

A Great investment legal three family home!! This is a perfect investment property in a great location, minutes from the highway, close to local hospital, along with many other area amenities. First and second floor each have 4 bedrooms and 1 full bathroom the third floor has 3 bedrooms and 1 full bathroom. First floor is occupied with lease, Second and third floor are occupied month to month. ,

Last Agent to Sell the Property

Bruce Lane

Lane Ceceri Group Listed on: 08/18/2020

Last Buyer's Agent

Jessica Azarian

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,123

Year Built

  • Built in 1900

Lot Details

  • 4,500

Home Design

  • Brick Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 6,134 Sq Ft Home
  • 3-Story Property
  • Workshop
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Porch
  • 4,500 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 391
  • Assessor Parcel Number 25ADELAIDEAVPROV

Community Details

Overview

  • 3 Units
  • Adelaide Subdivision

Amenities

  • Shops
  • Public Transportation

Building Details

  • Operating Expense $3,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,123

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1033
  • Subdivision Name: Adelaide
  • Above Grade Finished Sq Ft: 6134.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 11
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Tub Shower, Cable TV
  • Dining Room Type: Storage Room, Utility Room, Workshop
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4500.0
  • Parcel #: 25ADELAIDEAVPROV
  • Zoning: R2
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 3600.0

Tax Info

  • Tax Annual Amount: 6123.0
  • Tax Lot: 391
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2020
Closed on
Oct 15, 2020
Sold by
Mendoza Julian J
Bought by
Santana Jonathan
Seller's Agent
Bruce Lane
Lane Ceceri Group
Buyer's Agent
Jessica Azarian
List Price
$325,000
Sold Price
$342,000
Premium/Discount to List
$17,000
5.23%
Current Estimated Value
$602,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,933
Avg. Annual Appreciation
11.34%
Original Mortgage
$324,900
Outstanding Balance
$288,327
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$314,606

Purchase Details

Closed on
Jan 13, 2009
Sold by
Deutsche Bank Natl T C
Bought by
Mendoza Julian J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,002
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2008
Sold by
Jimenez Rafael
Bought by
Deutsche Bank Natl T C

Purchase Details

Closed on
Jul 29, 2005
Sold by
Suazo Santos
Bought by
Jimenez Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
5.67%
Mortgage Type
Commercial
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
Santana Jonathan $342,000 None Available
Mendoza Julian J $159,650 --
Deutsche Bank Natl T C $225,000 --
Jimenez Rafael $345,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santana Jonathan $324,900
Previous Owner Jimenez Rafael $180,002
Previous Owner Jimenez Rafael $276,000
Previous Owner Jimenez Rafael $69,000
Previous Owner Jimenez Rafael $297,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2020 10/15/20 Sold $342,000 +5.2% $56 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $325,000 -- $53 / 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 $4,624 $612,400 $120,700 $491,700
2024 $7,100 $386,900 $52,300 $334,600
2023 $7,100 $386,900 $52,300 $334,600
2022 $6,887 $386,900 $52,300 $334,600
2021 $6,123 $249,300 $37,600 $211,700
2020 $6,123 $249,300 $37,600 $211,700
2019 $6,123 $249,300 $37,600 $211,700
2018 $4,967 $155,400 $25,600 $129,800
2017 $4,967 $155,400 $25,600 $129,800
2016 $4,967 $155,400 $25,600 $129,800
2015 $4,359 $131,700 $31,300 $100,400
2014 $4,445 $131,700 $31,300 $100,400
2013 $4,445 $131,700 $31,300 $100,400
Source: Public Records

Agents Affiliated with this Home

  • Bruce Lane

    Seller's Agent in 2020

    Bruce Lane

    Lane Ceceri Group

    (401) 419-1912

    241 Total Sales

    Bruce Lane
    Section Image

  • J

    Buyer's Agent in 2020

    Jessica Azarian

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1261960

State-Wide MLS

APN: PROV-530391-000000-000000

Rhode Island Providence County Providence 02907 Elmwood

25 Adelaide Ave, Providence, RI

Not Listed for Sale

MultiFamily

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