NOT LISTED FOR SALE

297 Pocasset Ave Providence, RI 02909

Silver Lake Neighborhood

Estimated Value: $915,966

12 Beds
7 Baths
6,445 Sq Ft
$142/Sq Ft Est. Value

Last Sold January 06, 2023

Last sale price $660,000 $102 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,857/month

88 Days on Market

Highlights

  • Wood Flooring
  • 5 Car Garage
  • Forced Air Heating and Cooling System

About This Home

As of January 2023

CASH FLOW, CASH FLOW, READY TO TAKE ADVANTAGE OF THIS AMAZING CASH FLOWING PROPERTY. THIS PROPERTY OFFER RESISDENTAIL AND BUSINESS SPACE ON THE LOWER LEVEL. THIS BUILDING BEING SOLD WITH 18 MOORFIELD ST VACANT LOT WITH 3 CAR GARAGE POSSIBLE BUILDABLE LOT. DONT LET THIS APPOTUNITY PASS YOU BY. PROPERTY BEING SOLD AS IS. INCOME AND EXPENSEN SHEET WILL BE GIVEN TO QUALIFIED SERIOUS BUYER OR INVESTOR.

Last Agent to Sell the Property

Jeffrey Infante

Real Broker, LLC License #RES.0034406 Listed on: 10/09/2022

Last Buyer's Agent

Kyle Seyboth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,500

Year Built

  • Built in 1991

Lot Details

  • 6,500 Sq Ft Lot

Parking

  • 5 Car Garage

Home Design

  • 6,445 Sq Ft Home
  • Brick Exterior Construction
  • Shingle Siding

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 12 Bedrooms

Unfinished Basement

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 115,601
  • Assessor Parcel Number 297POCASSETAVPROV

Community Details

Overview

  • 4 Units
  • Silver Lake Subdivision

Building Details

  • Operating Expense $54,117

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,500

Year Built

Built in 1991

Lot Details

0

Parking

5

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1492
  • Subdivision Name: Silver Lake
  • Above Grade Finished Sq Ft: 6445.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1991
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 12
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Brick, Shingle Siding

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 5.0
  • Garage Spaces: 5.0
  • Parking Features: Attached, Detached, Garage
  • Total Parking Spaces: 13.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric, Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6500.0
  • Parcel #: 297POCASSETAVPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 54117.0

Tax Info

  • Tax Annual Amount: 13500.0
  • Tax Lot: 115,601
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2022
Closed on
Jan 6, 2023
Sold by
Infante Jeffrey
Bought by
Ja Frontier Llc
Seller's Agent
Jeffrey Infante
Real Broker, LLC
Buyer's Agent
Kyle Seyboth
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%
Views
316
Current Estimated Value
$915,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,966
Avg. Annual Appreciation
12.76%
Original Mortgage
$490,000
Outstanding Balance
$474,790
Interest Rate
6.58%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$441,176

Purchase Details

Closed on
Mar 10, 2020
Sold by
Mariano Rocco and Mariano Rita
Bought by
Rhody Capital Llc

Purchase Details

Closed on
Aug 2, 1999
Sold by
Maggiacomo Ralph and Maggiacomo Francesca
Bought by
Mariano Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 17, 1992
Sold by
Maggiacomo Ralph
Bought by
Maggiacomo Frank P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
8.67%
Mortgage Type
Commercial
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
Ja Frontier Llc $660,000 None Available
Ja Frontier Llc $660,000 None Available
Rhody Capital Llc $268,000 None Available
Rhody Capital Llc $268,000 None Available
Mariano Maria $220,000 --
Mariano Maria $220,000 --
Maggiacomo Frank P $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ja Frontier Llc $490,000
Closed Ja Frontier Llc $490,000
Previous Owner Maggiacomo Frank P $150,000
Previous Owner Maggiacomo Frank P $170,000
Previous Owner Maggiacomo Frank P $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2023 01/06/23 Sold $660,000 +1.5% $102 / Sq Ft
10/09/2022 10/09/22 For Sale $650,000 -- $101 / 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 -- $422,200 $73,600 $348,600
2023 $0 $422,200 $73,600 $348,600
2022 $0 $422,200 $73,600 $348,600
2021 $0 $366,100 $54,200 $311,900
2020 $0 $366,100 $54,200 $311,900
2019 $0 $366,000 $54,200 $311,800
2018 $0 $323,600 $54,200 $269,400
2017 $0 $323,600 $54,200 $269,400
2016 -- $323,600 $54,200 $269,400
2015 -- $306,600 $51,600 $255,000
2014 -- $306,600 $51,600 $255,000
2013 -- $306,600 $51,600 $255,000
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Infante

    Seller's Agent in 2023

    Jeffrey Infante

    Real Broker, LLC

    (401) 678-9115

    10 in this area

    120 Total Sales

    Jeffrey Infante
    Section Image

  • K

    Buyer's Agent in 2023

    Kyle Seyboth

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1321847

State-Wide MLS

APN: PROV-001090-000115-000000

Rhode Island Providence County Providence 02909 Silver Lake

297 Pocasset Ave, Providence, RI

This home is located at 297 Pocasset Ave, Providence, RI 02909 since 09 October 2022 and is currently estimated at $915,966, approximately $142 per square foot. This property was built in 1991. 297 Pocasset Ave is a home located in Providence County with nearby schools including Charles N. Fortes Elementary School, Asa Messer Elementary School, and Laurel Hill Annex School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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