NOT LISTED FOR SALE

254 Shawmut Ave Unit 256 Central Falls, RI 02863

Estimated Value: $418,000 - $674,000

9 Beds
3 Baths
3,630 Sq Ft
$146/Sq Ft Est. Value

Last Sold September 20, 2019

Last sale price $290,000 $80 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,509/month

155 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Storm Windows
  • Attic
  • Porch
  • Screened Patio

About This Home

As of September 2019

SPACIOUS AND STURDY PROPERTY WITH POTENTIALS. FEATURING 5.5 ROOMS TOTAL, 3 BEDROOMS PER FLOOR, ALL UNITS BEING A MIRROR-IMAGE OF ONE-ANOTHER. COOKING PANTRY, LARGE EAT-IN-KITCHEN, LIVING ROOM, 3 BEDROOM, AND A BATHROOM WITH A TUB AND A SHOWER. 2ND AND 3 FLOOR UNITS WITH AN ENCLOSED SIDE PORCH, TWO MEANS OF EGRESS PER UNIT, FULL UNFINISHED BASEMENT WITH REAR EXIT AND A REAR HALLWAY EXIT. FORCED HOT WATER BASEBOARD HEATING BY GAS TO THE 1ST FLOOR, GAS SPACE HEATERS FOR 2ND & 3RD. PLENTY OF PARKING AND SOME REAR YARD. NEIGHBORING LINCOLN LINE AND FACING VALLEY FALLS POND. ALL RENTS HEREON WERE SOLELY BASED ON MOST APPROXIMATE MARKET VALUE RATES.

Last Agent to Sell the Property

Duke Silva

Duke Silva Real Estate License #REC.0014164 Listed on: 03/18/2019

Last Buyer's Agent

Alex Parmenidez

Coldwell Banker Realty License #RES.0040375

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,728

Year Built

  • Built in 1930

Lot Details

  • 5,001 Sq Ft Lot
  • Fenced

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 3,630 Sq Ft Home
  • 3-Story Property
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Screened Patio
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Central Heating
  • Space Heater
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 220 Volts
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 0141
  • Assessor Parcel Number 254256SHAWMUTAVCFLS

Community Details

Overview

  • 4 Units
  • Lincoln Line And Valley Falls Pond Subdivision

Amenities

  • Shops
  • Public Transportation

Building Details

  • Operating Expense $8,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,728

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Subdivision Name: LINCOLN LINE AND VALLEY FALLS POND
  • Above Grade Finished Sq Ft: 3630.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Exhaust Fan, Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Attic, Permanent Attic Stairs, Tub Shower, Cable TV
  • Stories: 3
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Drywall, Plaster, Vinyl Siding, Wood Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Brick/Mortar, Concrete Perimeter, Stone
  • Patio And Porch Features: Porch, Screened

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 9.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Central, Gas, Hot Water, Individual, Space Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers, 220 Volts
  • Electricity On Property: Yes
  • Sewer: Connected, Public Sewer
  • 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: 5001.0
  • Parcel #: 254256SHAWMUTAVCFLS
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 8600.0

Tax Info

  • Tax Annual Amount: 3728.0
  • Tax Lot: 0141
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2019
Closed on
Sep 20, 2019
Sold by
Araujo Maria E
Bought by
Parmenidez Alexander and Reales Johanna
Seller's Agent
Duke Silva
Duke Silva Real Estate
Buyer's Agent
Alex Parmenidez
Coldwell Banker Realty
List Price
$324,900
Sold Price
$290,000
Premium/Discount to List
-$34,900
-10.74%
Current Estimated Value
$542,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,662
Avg. Annual Appreciation
11.88%
Original Mortgage
$284,747
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 14, 2007
Sold by
Brosseau Paul R
Bought by
Araujo Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,915
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Parmenidez Alexander $290,000 --
Parmenidez Alexander $290,000 --
Araujo Maria E $280,000 --
Araujo Maria E $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parmenidez Alexander $281,500
Closed Parmenidez Alexander $284,747
Previous Owner Araujo Maria E $237,915
Previous Owner Araujo Maria E $41,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2019 09/20/19 Sold $290,000 -10.7% $80 / Sq Ft
08/21/2019 08/21/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $324,900 -- $90 / 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 $6,621 $352,000 $85,000 $267,000
2023 $6,530 $352,000 $85,000 $267,000
2022 $6,146 $352,000 $85,000 $267,000
2021 $5,025 $211,500 $39,300 $172,200
2020 $5,010 $211,500 $39,300 $172,200
2019 $5,237 $211,500 $39,300 $172,200
2018 $3,728 $141,700 $35,000 $106,700
2017 $3,728 $141,700 $35,000 $106,700
2016 $3,674 $141,700 $35,000 $106,700
2015 $3,376 $122,200 $35,000 $87,200
2014 $3,331 $122,200 $35,000 $87,200
2013 $3,143 $122,200 $35,000 $87,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Duke Silva

    Duke Silva Real Estate

    (401) 728-6431

    2 in this area

    21 Total Sales

    Section Image
  • Alex Parmenidez

    Buyer's Agent in 2019

    Alex Parmenidez

    Coldwell Banker Realty

    (401) 426-4428

    33 in this area

    148 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1217581

State-Wide MLS

APN: CENT-000007-000000-000141

Rhode Island Providence County Central Falls 02863

254 Shawmut Ave Unit 256, Central Falls, RI

This home is located at 254 Shawmut Ave Unit 256, Central Falls, RI 02863 since 18 March 2019 and is currently estimated at $529,501, approximately $145 per square foot. This property was built in 1930. 254 Shawmut Ave Unit 256 is a home located in Providence County with nearby schools including Central Falls Senior High School, Blackstone Valley Prep Elementary School 2, and Blackstone Valley Prep Junior High School.

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