NOT LISTED FOR SALE

261 Benefit St Unit 3 Providence, RI 02903

College Hill Neighborhood

Estimated Value: $772,902 - $918,000

2 Beds
2.5 Baths
1,665 Sq Ft
$495/Sq Ft Est. Value

Last Sold June 14, 2021

Last sale price $620,000 $372 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,629/month

15 Days on Market

Highlights

  • River Access
  • 4 Fireplaces
  • Bathtub with Shower
  • Wood Flooring
  • Storm Windows
  • 2-minute walk to Memorial Park

About This Home

As of June 2021

261 Benefit Street, 3 Athenaeum Row, a Providence landmark built in 1845, was beautifully reimagined and converted to condominiums by a local historical developer in 2006. The elegant 2-story interior floor plan of Unit 3 is an exceptional example of adaptive reuse of an historical property. Ten-foot ceilings and three oversized windows in the main living room and adjoining dining area create a dramatic openness within the classic Greek Revival style. The redesigned kitchen features custom cabinetry, Carrara marble countertops, farmhouse sink, glass-front Sub-Zero refrigerator, and custom designed china cabinet. A sitting room/library with a large skylight and 15-foot ceiling leads into the master suite. The guest suite with French doors has its own private bath. Upstairs laundry includes a brand new top-of-the-line Miele washer and dryer. This sophisticated residence offers views of city lights at night and Brown, RISD, WaterFire, and the arts just outside your front door. Assigned off-street parking conveniently located a block away and leased through October 2021.

Last Agent to Sell the Property

Sarah Wheaton

Residential Properties Ltd. License #RES.0030202 Listed on: 04/29/2021

Residential Properties Ltd.

Last Buyer's Agent

Joshua Cullion

Mott & Chace Sotheby's Intl. License #REB.0016942

Mott & Chace Sotheby's Intl.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,320

Year Built

  • Built in 1845

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • 1,665 Sq Ft Home
  • 4-Story Property
  • 4 Fireplaces
  • Marble Fireplace
  • Wood Flooring

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

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

Home Security

Parking

  • No Garage
  • Unassigned Parking

Utilities

  • Central Air
  • Heating System Uses Gas
  • Heating System Uses Steam
  • Gas Water Heater

Additional Features

  • River Access
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 554
  • Assessor Parcel Number 261BENEFITST3PROV

Community Details

Overview

  • 3 Units
  • Benefit Subdivision

Amenities

  • Shops
  • Public Transportation

Pet Policy

  • Pets Allowed

Security

  • Storm Windows

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,320

Year Built

Built in 1845

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Benefit
  • Above Grade Finished Sq Ft: 1665.0
  • Building Name: Athenaeum Row
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 4
  • Structure Type: Townhouse
  • Year Built: 1845
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: Third Floor or higher Access
  • Fireplace Features: Marble
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower
  • Living Area: 1665.0
  • Stories: 4
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: Owner

Exterior Features

  • Waterfront Features: River Access
  • Construction Type: Drywall, Brick
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: No Garage, Unassigned

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water, Individual
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping
  • Senior Community: No
  • Association Fee: 350.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: No Pet Restrictions, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 261BENEFITST3PROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 3

Tax Info

  • Tax Annual Amount: 7320.0
  • Tax Lot: 554
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2021
Closed on
Jun 14, 2021
Sold by
Barber John C and Barber Leslie J
Bought by
Turco Justine M and Turco Mark
Seller's Agent
Sarah Wheaton
Residential Properties Ltd.
Buyer's Agent
Joshua Cullion
Mott & Chace Sotheby's Intl.
List Price
$615,000
Sold Price
$620,000
Premium/Discount to List
$5,000
0.81%
Current Estimated Value
$824,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,967
Avg. Annual Appreciation
5.95%
Original Mortgage
$400,000
Outstanding Balance
$366,070
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$426,067

Purchase Details

Closed on
Mar 15, 2007
Sold by
Benefit Partnership Ll
Bought by
Barber John C and Barber Leslie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Turco Justine M $620,000 None Available
Barber John C $530,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turco Justine M $400,000
Previous Owner Barber John C $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $620,000 +0.8% $372 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $615,000 -- $369 / 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 $9,828 $535,600 $0 $535,600
2023 $9,828 $535,600 $0 $535,600
2022 $9,534 $535,600 $0 $535,600
2021 $12,201 $496,800 $0 $496,800
2020 $12,201 $496,800 $0 $496,800
2019 $12,201 $496,800 $0 $496,800
2018 $13,570 $424,600 $0 $424,600
2017 $13,570 $424,600 $0 $424,600
2016 $13,570 $424,600 $0 $424,600
2015 $13,816 $417,400 $0 $417,400
2014 $14,087 $417,400 $0 $417,400
2013 $14,087 $417,400 $0 $417,400
Source: Public Records

Agents Affiliated with this Home

  • Sarah Wheaton

    Seller's Agent in 2021

    Sarah Wheaton

    Residential Properties Ltd.

    (401) 553-6359

    1 in this area

    18 Total Sales

    Sarah Wheaton
    Section Image
  • Joshua Cullion

    Buyer's Agent in 2021

    Joshua Cullion

    Mott & Chace Sotheby's Intl.

    (401) 862-8381

    14 in this area

    266 Total Sales

    Joshua Cullion
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1281259

State-Wide MLS

APN: PROV-120461-000000-000003

Rhode Island Providence County Providence 02903 College Hill

261 Benefit St Unit 3, Providence, RI

This home is located at 261 Benefit St Unit 3, Providence, RI 02903 since 29 April 2021 and is currently estimated at $824,967, approximately $495 per square foot. This property was built in 1845. 261 Benefit St Unit 3 is a home located in Providence County with nearby schools including Asa Messer Elementary School, Charles N. Fortes Elementary School, and Alfred Lima Sr. Elementary School.

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