NOT LISTED FOR SALE

253 Terrace Ave Riverside, RI 02915

Riverside Neighborhood

Estimated Value: $794,000 - $1,060,000

2 Beds
2.5 Baths
1,265 Sq Ft
$743/Sq Ft Est. Value

Last Sold August 23, 2018

Last sale price $377,500 $298 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $6,029/month

182 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Public Transportation
  • Colonial Architecture
  • Bathtub with Shower
  • Shops

About This Home

As of August 2018

ENJOY 180 DEGREE OF WATERFRONT !!!!! NO FLOOD INSURANCE (X ZONE) LOCATION/LOCATION/LOCATION!! Unobstructed WATERFRONT VIEWS OF NARRAGANSETT BAY - Narragansett Terrace Neighborhood of Riverside, East Providence.. Circa 1900 cottage-style dwelling on, 6,970 sf of Waterfront on Narragansett Bay. Gross living area heated 1,265 SF, with 300 sf enclosed porch, this 3 season room could be heated to add to your year round WATERFRONT square footage! Serviced by all public utilities, comprised of 2-3 bedrooms, 2 full baths, 1 half bath/laundry, galley kitchen, open living & dining room, enclosed 3 season room overlooking the Bay, outside Trex or Azek deck. Architectural roof, vinyl siding, replacement windows, front porch. Updated FHW-BB gas heating system, 100 amp service, seller's replaced sea wall (paperwork available), gas hot water tank, Ship Lab wood flooring on 1st level. Property Sold with clear marketable Trustee's Deed. Make your offer soon and enjoy a great summer with spectacular unobstructed views!!!! Seller will entertain all reasonable offers!

Last Agent to Sell the Property

Brenda L. Marchwicki

BisMarc Properties, LLC License #REC.0014896 Listed on: 01/22/2018

Last Buyer's Agent

Richard Epstein

Residential Properties, Ltd.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,008

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Property is zoned R3

HOA Fees

  • $3 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Cottage
  • Combination Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 1,265 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Water Views
  • Unfinished Basement
  • Partial Basement

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Parking

  • 2 Parking Spaces
  • No Garage

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 002 / 01
  • Assessor Parcel Number 253TERRACEAVEPRO

Community Details

Overview

  • Narragansett Terrace Neighborhood Subdivision

Amenities

  • Shops
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,008

Year Built

Built in 1900

Lot Details

0

HOA Fees

$3 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • Subdivision Name: Narragansett Terrace Neighborhood
  • Above Grade Finished Sq Ft: 1265.0
  • Architectural Style: Cabin/Cottage, Colonial
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1900
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Exhaust Fan, Gas Water Heater, Refrigerator
  • Has Basement: Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Wood, Carpet
  • Interior Amenities: Tub Shower
  • Living Area: 1265.0
  • Dining Room Type: Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • 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

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping
  • Senior Community: No
  • Association Fee: 35.0
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6970.0
  • Parcel #: 253TERRACEAVEPRO
  • Zoning: R3
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 7008.0
  • Tax Block: 01
  • Tax Lot: 002
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2018
Closed on
Aug 24, 2018
Sold by
Mason Ft and Mason
Bought by
Lambrese Anthony B and Lambrese Marla D
Seller's Agent
Brenda L. Marchwicki
BisMarc Properties, LLC
Buyer's Agent
Richard Epstein
Residential Properties, Ltd.
List Price
$445,000
Sold Price
$377,500
Premium/Discount to List
-$67,500
-15.17%
Current Estimated Value
$939,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$561,801
Avg. Annual Appreciation
13.34%
Original Mortgage
$302,000
Outstanding Balance
$262,275
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$677,026

Purchase Details

Closed on
Feb 16, 2012
Sold by
Mason M J
Bought by
Mason Ft and Mason

Purchase Details

Closed on
May 6, 1983
Bought by
Mason M Jeanne
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
Lambrese Anthony B $377,500 --
Mason Ft -- --
Mason M Jeanne -- --
Lambrese Anthony B $377,500 --
Mason Ft -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lambrese Anthony B $302,000
Closed Mason M Jeanne $302,000
Previous Owner Mason M Jeanne $200,000
Previous Owner Mason M Jeanne $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2018 08/23/18 Sold $377,500 -15.2% $298 / Sq Ft
07/24/2018 07/24/18 Pending -- -- --
01/22/2018 01/22/18 For Sale $445,000 -- $352 / 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 $12,960 $991,600 $488,600 $503,000
2024 $12,002 $782,900 $407,100 $375,800
2023 $11,361 $769,700 $407,100 $362,600
2022 $13,461 $615,800 $328,200 $287,600
2021 $13,240 $615,800 $328,200 $287,600
2020 $12,679 $615,800 $328,200 $287,600
2019 $8,687 $433,900 $328,200 $105,700
2018 $10,237 $447,400 $363,100 $84,300
2017 $10,008 $447,400 $363,100 $84,300
2016 $11,025 $495,300 $394,800 $100,500
2015 $7,922 $345,200 $247,400 $97,800
2014 $7,922 $345,200 $247,400 $97,800
Source: Public Records

Agents Affiliated with this Home

  • Brenda L. Marchwicki

    Seller's Agent in 2018

    Brenda L. Marchwicki

    BisMarc Properties, LLC

    2 in this area

    93 Total Sales

    Brenda L. Marchwicki
    Section Image

  • R

    Buyer's Agent in 2018

    Richard Epstein

    Residential Properties, Ltd.

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1181266

State-Wide MLS

APN: EPRO-000415-000001-000002

Rhode Island Providence County Riverside 02915 Riverside

253 Terrace Ave, Riverside, RI

Not Listed for Sale

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