NOT LISTED FOR SALE

Estimated Value: $616,000 - $747,000

8 Beds
3 Baths
5,237 Sq Ft
$127/Sq Ft Est. Value

Last Sold December 02, 2022

Last sale price $500,000 $95 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,850/month

1 Day on Market

Highlights

  • Marina
  • Wood Flooring
  • 2 Fireplaces
  • Deck
  • Attic
  • 4-minute walk to Billy Taylor Park

About This Home

As of December 2022

Don't miss this truly excellent 3 family owner occupancy / investment opportunity on the East Side. With over 5000 sf of gross building space, there is plenty of room to upgrade and improve this property. The first and second floor units boast huge eat-in kitchen spaces, large double parlors (with hardwood flooring and high ceilings and pocket doors), and 3 good size bedrooms. Additionally the 2nd floor unit enjoys its own private, recently re-built porch off the front of the house. The third floor unit has 2 bedrooms, a living room and eat in kitchen. It also has a walk-up off the kitchen to a rooftop deck with awesome views and privacy. There is ample parking space owing to the detached 2 car garage and 6 car driveway. The property also has a partially fenced and grassed back yard. BRAND NEW hardwired smoke detector system has just been installed. This legal 3 family also has vinyl replacement windows throughout and gas heat. Common use washer and dryer convey and are located in the basement. Tenants have been in place for years. Leases can be provided upon request. An amazing opportunity awaits! Taxes reflect investment property status. If a buyer were to owner occupy, taxes would be $5693/yr!

Last Agent to Sell the Property

Stephanie Basile

Compass Listed on: 10/31/2022

Compass

Last Buyer's Agent

Adam Osetek

Compass License #RES.0045287

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,489

Year Built

  • Built in 1880

Lot Details

  • 5,000

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Fixer Upper
  • Combination Foundation
  • Wood Siding
  • Clapboard

Interior Spaces

  • 5,237 Sq Ft Home
  • 3-Story Property
  • Skylights
  • 2 Fireplaces
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Attic

Kitchen

  • Oven
  • Range with Range Hood

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • Deck
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 5,000 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 290
  • Assessor Parcel Number 2729PEACHAVPROV

Community Details

Overview

  • 3 Units
  • Mt. Hope / East Side Of Providence Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,489

Year Built

Built in 1880

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Inclusions: Fence on North side of home is not the property line. True property line is marked by iron rods approx 2-3 feet closer to the house. Neighbor survey available for review. Taxes do not reflect any exemptions. If a buyer were to owner occupy and apply for the homestead exemption the taxes would decrease from $9489 to $5693 per year.
  • Subdivision Name: Mt. Hope / East Side of Providence
  • Above Grade Finished Sq Ft: 5237.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1880
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplaces: 2
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Attic, Skylights, Tub Shower, Cable TV
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Clapboard, Wood Siding
  • Exterior Features: Deck, Porch, Paved Driveway
  • Foundation Details: Combination
  • Patio And Porch Features: Deck, Porch
  • Property Condition: Fixer

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5000.0
  • Parcel #: 2729PEACHAVPROV
  • Zoning: R-3
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 9489.0
  • Tax Lot: 290
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2022
Closed on
Nov 30, 2022
Sold by
Brittingham Lindsey and Brittingham Nancy
Bought by
60 E Transit Llc
Seller's Agent
Stephanie Basile
Compass
Buyer's Agent
Adam Osetek
Compass
List Price
$565,000
Sold Price
$500,000
Premium/Discount to List
-$65,000
-11.5%
Current Estimated Value
$730,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,463
Avg. Annual Appreciation
13.62%

Purchase Details

Closed on
Dec 1, 2010
Sold by
Fabris Gemma
Bought by
Brittingham Lindsay and Brittingham Bancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
4.22%
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
60 E Transit Llc $500,000 None Available
Brittingham Lindsay $258,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 60 E Transit Llc $550,000
Previous Owner Brittingham Lindsay $193,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2022 12/02/22 Sold $500,000 -11.5% $95 / Sq Ft
11/02/2022 11/02/22 Pending -- -- --
10/31/2022 10/31/22 For Sale $565,000 -- $108 / 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 $9,782 $533,100 $214,700 $318,400
2023 $9,782 $533,100 $214,700 $318,400
2022 $9,489 $533,100 $214,700 $318,400
2021 $7,206 $293,400 $99,700 $193,700
2020 $7,206 $293,400 $99,700 $193,700
2019 $7,206 $293,400 $99,700 $193,700
2018 $6,513 $203,800 $87,800 $116,000
2017 $6,513 $203,800 $87,800 $116,000
2016 $6,513 $203,800 $87,800 $116,000
2015 $6,484 $195,900 $96,500 $99,400
2014 $6,612 $195,900 $96,500 $99,400
2013 $6,612 $195,900 $96,500 $99,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1323228

State-Wide MLS

APN: PROV-050290-000000-000000