NOT LISTED FOR SALE

28 Erastus St Providence, RI 02909

Olneyville Neighborhood

Estimated Value: $428,382 - $626,000

6 Beds
3 Baths
3,784 Sq Ft
$146/Sq Ft Est. Value

Last Sold June 24, 2021

Last sale price $313,000 $83 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,461/month

54 Days on Market

Highlights

  • Golf Course Community
  • Balcony
  • Porch
  • Tennis Courts
  • Thermal Windows
  • Bathtub with Shower

About This Home

As of June 2021

Three family home located in the Lower Mount Pleasant area. Great opportunity for owner occupant or investor looking to sit back & collect rent. Currently occupied by owners only. This home offers 2 bedrooms in each unit and off street parking for up to 6 vehicles. Tall ceilings give this home a spacious feel. Separate utilities. Environmentally sound and cost efficient tank-less Navien gas heating system. Lots of storage space in the basement. Young roof. Property taxes reflect owner occupied homestead exemption. Sold as is.
SUBJECT TO SELLERS FINDING SUITABLE HOUSING.

Last Agent to Sell the Property

Jessica Ribeiro

Real Broker, LLC License #RES.0043906 Listed on: 03/31/2021

Real Broker, LLC

Last Buyer's Agent

Jessica Ribeiro

Real Broker, LLC License #RES.0043906 Listed on: 03/31/2021

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,907

Year Built

  • Built in 1880

Lot Details

  • 3,200 Sq Ft Lot
  • Fenced
  • Paved or Partially Paved Lot

Home Design

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

Interior Spaces

  • 3,784 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Storage Room
  • Laundry Room
  • Utility Room

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Balcony
  • Porch

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 28ERASTUSSTPROV

Community Details

Overview

  • 3 Units
  • Lower Mt. Pleasant Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,907

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0735
  • Subdivision Name: Lower Mt. Pleasant
  • Above Grade Finished Sq Ft: 3784.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1880
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Tankless Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Interior Amenities: Bathtub, Tub Shower
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

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

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, 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: 3200.0
  • Parcel #: 28ERASTUSSTPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2907.0
  • Tax Lot: 8
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2021
Closed on
Jun 24, 2021
Sold by
Brito Elizabeth S and Brito Telicia L
Bought by
Ribeiro Leonardo
Seller's Agent
Jessica Ribeiro
Real Broker, LLC
Buyer's Agent
Jessica Ribeiro
Real Broker, LLC
List Price
$285,000
Sold Price
$313,000
Premium/Discount to List
$28,000
9.82%
Current Estimated Value
$550,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,596
Avg. Annual Appreciation
13.66%
Original Mortgage
$234,750
Outstanding Balance
$212,537
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$338,059

Purchase Details

Listed on
May 16, 2018
Closed on
Jun 18, 2018
Sold by
Housing Preserv Group
Bought by
Brito Telicia L and Brito Elizabeth S
Seller's Agent
Bill Duquette
The Network
Buyer's Agent
Wilfredo Hernandez
List Price
$229,900
Sold Price
$229,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.76%
Original Mortgage
$225,735
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 27, 2013
Closed on
Jan 29, 2014
Sold by
Kulis Rosina Est and Kulis
Bought by
Housing Preservation G
Seller's Agent
Art Yatsko
Salisbury Agency
Buyer's Agent
William Duquette
Re/Max River's Edge
List Price
$69,900
Sold Price
$45,000
Premium/Discount to List
-$24,900
-35.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.74%
Original Mortgage
$60,000
Interest Rate
4.47%
Mortgage Type
New Conventional
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
Ribeiro Leonardo $313,000 None Available
Brito Telicia L $229,000 --
Housing Preservation G $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ribeiro Leonardo $234,750
Previous Owner Brito Telicia L $225,735
Previous Owner Housing Preservation G $85,000
Previous Owner Housing Preservation G $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2021 06/24/21 Sold $313,000 +9.8% $83 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $285,000 +24.0% $75 / Sq Ft
06/18/2018 06/18/18 Sold $229,900 0.0% $61 / Sq Ft View Prior Sale
05/19/2018 05/19/18 Pending -- -- --
05/16/2018 05/16/18 For Sale $229,900 +410.9% $61 / Sq Ft
02/19/2014 02/19/14 Sold $45,000 -35.6% $16 / Sq Ft View Prior Sale
01/20/2014 01/20/14 Pending -- -- --
09/27/2013 09/27/13 For Sale $69,900 -- $25 / 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 $6,875 $491,100 $146,500 $344,600
2024 $5,690 $310,100 $71,300 $238,800
2023 $5,690 $310,100 $71,300 $238,800
2022 $5,520 $310,100 $71,300 $238,800
2021 $4,846 $197,300 $33,200 $164,100
2020 $4,846 $197,300 $33,200 $164,100
2019 $4,846 $197,300 $33,200 $164,100
2018 $3,659 $114,500 $27,400 $87,100
2017 $3,659 $114,500 $27,400 $87,100
2016 $3,659 $114,500 $27,400 $87,100
2015 $2,671 $80,700 $32,900 $47,800
2014 $2,724 $80,700 $32,900 $47,800
2013 $2,255 $66,800 $32,900 $33,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jessica Ribeiro

    Real Broker, LLC

    (401) 523-2428

    1 in this area

    31 Total Sales

    Jessica Ribeiro
    Section Image
  • Bill Duquette

    Seller's Agent in 2018

    Bill Duquette

    The Network

    (401) 258-6826

    23 Total Sales

    Bill Duquette
    Section Image

  • W

    Buyer's Agent in 2018

    Wilfredo Hernandez

  • A

    Seller's Agent in 2014

    Art Yatsko

    Salisbury Agency

    (401) 639-4285

    26 Total Sales

    Art Yatsko
    Section Image

  • W

    Buyer's Agent in 2014

    William Duquette

    RE/MAX

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1278900

State-Wide MLS

APN: PROV-630008-000000-000000

Rhode Island Providence County Providence 02909 Olneyville

28 Erastus St, Providence, RI

Not Listed for Sale

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