287 Magnolia St Cranston, RI 02910
Auburn Neighborhood
4
Beds
2
Baths
2,573
Sq Ft
4,792
Sq Ft Lot
Highlights
- Recreation Facilities
- Bathtub with Shower
- Public Transportation
- 2 Car Detached Garage
- Patio
- 2-minute walk to Doric Park
About This Home
As of July 2021Super solid two family with fully outfitted lower level, "in law potential" in your walkout basement, nice yard and two car garage with brand new overhead doors, located in Cranston, walking distance to Rolfe Square. Gracious first floor plan with double parlor, sun soaked living, dining and entertaining space. Second floor is high quality construction, plaster, tall ceilings, far cry from your typical cramped, top floor apartment, this is an open, airy, good condition space that needs only minor updating and cosmetic touches to make it your own. Bathrooms have been renovated and modernized with new shower kits, very little to do here but park in your giant garage, turn the key and start living well, while collecting the rent... What more could you ask for? Great income potential here for the local investor or smart home owner who wants to occupy while collecting rent instead of paying rent. Take of advantage of these interest rates in the 2's and get over the "sick of being a tenant" blues, this is the one for you!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,162
Year Built
- Built in 1920
Parking
- 2 Car Detached Garage
- Driveway
Home Design
- Block Foundation
- Vinyl Siding
- Plaster
Interior Spaces
- 2,573 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Laminate
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- No Cooling
- Heating System Uses Gas
- Radiant Heating System
- Baseboard Heating
- 100 Amp Service
- Gas Water Heater
Additional Features
- Patio
- 4,792 Sq Ft Lot
- Property near a hospital
Listing and Financial Details
- Tax Lot 200
- Assessor Parcel Number 287MAGNOLIASTCRAN
Community Details
Overview
- 2 Units
- Auburn Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 19, 2020
Closed on
Nov 18, 2020
Sold by
Gonzalez Beatrice E and Page Richelle L
Bought by
Lannigan Annemarie G
Seller's Agent
Matt Patty
Real Broker, LLC
Buyer's Agent
John Teeden
Mott & Chace Sotheby's Intl.
List Price
$300,000
Sold Price
$300,000
Total Days on Market
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,927
Avg. Annual Appreciation
11.97%
Original Mortgage
$225,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 20, 2014
Sold by
Gonzalez Beatrice E
Bought by
Gonzalez Beatrice E
Similar Home in the area
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $300,000 | None Available | |
| Deed | $7,212 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $85,000 | Stand Alone Refi Refinance Of Original Loan | |
| Open | $378,026 | FHA | |
| Closed | $225,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/27/2021 07/27/21 | Sold | $385,000 | +2.7% | $150 / Sq Ft |
| 06/27/2021 06/27/21 | Pending | -- | -- | -- |
| 06/17/2021 06/17/21 | For Sale | $375,000 | +25.0% | $146 / Sq Ft |
| 11/24/2020 11/24/20 | Sold | $300,000 | 0.0% | $117 / Sq Ft |
| 10/25/2020 10/25/20 | Pending | -- | -- | -- |
| 10/19/2020 10/19/20 | For Sale | $300,000 | -- | $117 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $5,085 | $373,600 | $97,200 | $276,400 |
| 2023 | $4,759 | $251,800 | $67,000 | $184,800 |
| 2022 | $4,661 | $251,800 | $67,000 | $184,800 |
| 2021 | $4,532 | $251,800 | $67,000 | $184,800 |
| 2020 | $4,162 | $200,400 | $63,700 | $136,700 |
| 2019 | $4,162 | $200,400 | $63,700 | $136,700 |
| 2018 | $4,066 | $200,400 | $63,700 | $136,700 |
| 2017 | $3,693 | $161,000 | $46,900 | $114,100 |
| 2016 | $3,614 | $161,000 | $46,900 | $114,100 |
| 2015 | $3,614 | $161,000 | $46,900 | $114,100 |
| 2014 | $3,460 | $151,500 | $46,900 | $104,600 |
Source: Public Records
Agents Affiliated with this Home
-
John Teeden
Seller's Agent in 2021
John Teeden
Mott & Chace Sotheby's Intl.
(401) 789-8899
2 in this area
52 Total Sales
-
L
Buyer's Agent in 2021
Laura Enright
RI Real Estate Services
-
Matt Patty
Seller's Agent in 2020
Matt Patty
Real Broker, LLC
(401) 269-6169
2 in this area
239 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1267460
APN: CRAN-000005-000001-000200
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