$425,000
SOLD MAY 28, 2025
4 Beds
2 Baths
1,920 Sq Ft
22,651 Sq Ft

Recently Sold

$221 Per Sq Ft

11% Below List Price

13 Days on Market

Highlights

  • Granite Flooring
  • Wooded Lot
  • 1 Car Garage
  • 0.52 Acre Lot

About This Home

As of May 2025

INVESTORS, TAKE NOTE! This Property Comprises a Two-Family Residence and a Former (740 Sq' Ft.) Commercial Building Situated in a Local Business District (B-L), On a Generous 0.52-Acre Lot, Offering Potential for Subdivision, Single Family Conversion or Additional Development in The Rear of The Property. Each Apartment Consists of Two Bedrooms and One Full Bath. The Former Commercial Space is Currently Used as Storage. Roof is Approx. 5 years Old. Conveniently located near Tiverton, Rhode Island, this area offers easy access to Route 24 and the Sakonnet River Bridge, making trips to Aquidneck Island a breeze. Invest in The Necessary Updates to This Property to Enhance Its Potential and Increase Your Future Income Opportunities! Property to Be Sold “As is, Where Is”. Buyers are Advised to Conduct Thorough Due Diligence for Any Future Planning.

Last Agent to Sell the Property

Craig Howard

Streamline Realty Group, LLC Listed on: 02/21/2025

Streamline Realty Group, LLC

Last Buyer's Agent

Craig Howard

Streamline Realty Group, LLC Listed on: 02/21/2025

Streamline Realty Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,033

Year Built

  • Built in 1900

Lot Details

  • 0.52 Acre Lot
  • Wooded Lot

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 1,920 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House
  • Washer and Gas Dryer Hookup

Flooring

  • Wood
  • Granite
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Bulkhead

Utilities

  • 2 Heating Zones
  • Separate Meters
  • 100 Amp Service

Community Details

  • 2 Units
  • Net Operating Income $10,500

Listing and Financial Details

  • Total Actual Rent $875
  • Assessor Parcel Number M:0B01 B:0000 L:0009,2820675

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,033

Year Built

Built in 1900

Lot Details

0.52 Acres

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Levels: 3
  • Year Built Details: Approximate
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Vinyl, Hardwood
  • Fireplace YN: No
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Gas Dryer Hookup, Electric Dryer Hookup, Washer Hookup
  • Basement: Full, Bulkhead
  • Above Grade Finished Sq Ft: 1920
  • Living Area: 1920
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN1746
  • MAIN SO: AN1746

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Granite
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle, Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Dryer, for Electric Dryer, Washer Hookup
  • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Hot Water: Natural Gas, Tank, Leased Heater

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0B01 B:0000 L:0009,2820675
  • Zoning: R-4, B-L
  • Farm Land Area Units: Square Feet
  • Lot Features: Wooded
  • Lot Size Acres: 0.52
  • Lot Size Sq Ft: 22525
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4033

Multi Family

  • Net Operating Income: 10500
  • Number Of Units Total: 2
  • Total Actual Rent: 875
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2025
Closed on
May 28, 2025
Sold by
Thompson Carmelia L Est and Levesque
Bought by
2573 South Main St Llc
Seller's Agent
Craig Howard
Streamline Realty Group, LLC
Buyer's Agent
Craig Howard
Streamline Realty Group, LLC
List Price
$480,000
Sold Price
$425,000
Premium/Discount to List
-$55,000
-11.46%
Views
28
Current Estimated Value
$424,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$179
Avg. Annual Appreciation
-0.06%
Original Mortgage
$150,000
Outstanding Balance
$149,357
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$275,464

Purchase Details

Closed on
Apr 15, 1999
Sold by
Machado Alcidio L and Machado Mauricio
Bought by
Thompson Harold and Thompson Carmelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,550
Interest Rate
7.04%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Fiduciary Deed $425,000 None Available
Fiduciary Deed $425,000 None Available
Deed $104,000 --
Deed $104,000 --
Deed $104,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 Purchase Money Mortgage
Closed $150,000 Purchase Money Mortgage
Previous Owner $105,550 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2025 05/28/25 Sold $425,000 -11.5% $221 / Sq Ft
03/06/2025 03/06/25 Pending -- -- --
02/21/2025 02/21/25 For Sale $480,000 -- $250 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $4,336 $378,700 $124,000 $254,700
2024 $4,033 $351,000 $119,400 $231,600
2023 $0 $317,400 $98,700 $218,700
2022 $3,685 $292,000 $94,000 $198,000
2021 $4,715 $248,000 $89,400 $158,600
2020 $4,152 $221,900 $88,100 $133,800
2019 $0 $210,500 $84,800 $125,700
2018 $4,837 $229,400 $113,300 $116,100
2017 -- $225,000 $113,300 $111,700
2016 -- $223,100 $113,300 $109,800
2015 -- $223,100 $113,300 $109,800
2014 -- $229,600 $113,300 $116,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73337328

MLS Property Information Network (MLS PIN)

APN: FALL-000001B-000000-000009

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