NOT LISTED FOR SALE

Estimated Value: $513,000 - $605,000

7 Beds
4 Baths
2,473 Sq Ft
$227/Sq Ft Est. Value

Last Sold August 24, 2023

Last sale price $455,000 $184 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,493/month

69 Days on Market

About This Home

As of August 2023

Investors take notice!

Come check out this 3 unit property with potential to become a four unit in the Silver Lake area of Providence. This property is on a dead end street with plenty of on-street parking. Off-street parking is not available for this property. New energy efficient heating systems, electrical panels are 100 amp and in great shape. Tenants currently occupying all units with month-to-month leases. Utilities are paid separately by tenants. There are washer and dryer hook ups in the basement which is very large with great potential if it were to be finished.

Current rental income is approximately $50,400 annually minus real estate taxes and water/sewer bill.

This is a chance to own an income generating property in the city!

Last Agent to Sell the Property

Teresa Guaba

The Network License #RES.0041958 Listed on: 06/15/2023

Last Buyer's Agent

Yasah Pitcher

Keller Williams Leading Edge License #RES.0045591

Keller Williams Leading Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,351

Year Built

  • Built in 1859

Lot Details

  • 3,049 Sq Ft Lot

Parking

  • No Garage

Home Design

  • 2,473 Sq Ft Home
  • Vinyl Siding

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • 2 Buildings
  • 3 Units
  • Silver Lake Subdivision

Listing and Financial Details

  • Tax Lot 224
  • Assessor Parcel Number 32JUDITHSTPROV

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,351

Year Built

Built in 1859

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Inclusions: Seller's disclosure Lead disclosure
  • Subdivision Name: Silver Lake
  • Above Grade Finished Sq Ft: 2473.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1859
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Buildings: 2
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3049.0
  • Parcel #: 32JUDITHSTPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 5350.68
  • Tax Lot: 224
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2023
Closed on
Aug 24, 2023
Sold by
Robinson Keith
Bought by
Grant Bernard
Seller's Agent
Teresa Guaba
The Network
Buyer's Agent
Yasah Pitcher
Keller Williams Leading Edge
List Price
$420,000
Sold Price
$455,000
Premium/Discount to List
$35,000
8.33%
Views
73
Current Estimated Value
$549,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,225
Avg. Annual Appreciation
11.55%
Original Mortgage
$426,841
Outstanding Balance
$419,779
Interest Rate
6.96%
Mortgage Type
FHA
Estimated Equity
$142,090

Purchase Details

Closed on
Aug 2, 2021
Sold by
Us Bank Na Tr
Bought by
Robinson Keith

Purchase Details

Closed on
Jan 16, 2019
Sold by
Bankauskas Annie and Us Bank Na
Bought by
Us Bank Na Tr
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Grant Bernard $455,000 None Available
Robinson Keith $268,000 None Available
Us Bank Na Tr $94,526 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grant Bernard $426,841
Previous Owner Robinson Keith E $293,000
Previous Owner Bankauskas Anne $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2023 08/24/23 Sold $455,000 +8.3% $184 / Sq Ft
06/15/2023 06/15/23 For Sale $420,000 +56.7% $170 / Sq Ft
11/05/2021 11/05/21 Sold $268,000 -4.3% $68 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
06/22/2021 06/22/21 For Sale $279,900 -- $71 / 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 $5,516 $300,600 $71,300 $229,300
2023 $5,516 $300,600 $71,300 $229,300
2022 $5,351 $300,600 $71,300 $229,300
2021 $3,846 $156,600 $45,200 $111,400
2020 $3,846 $156,600 $45,200 $111,400
2019 $3,846 $156,600 $45,200 $111,400
2018 $3,867 $121,000 $43,900 $77,100
2017 $3,867 $121,000 $43,900 $77,100
2016 $3,867 $121,000 $43,900 $77,100
2015 $2,704 $81,700 $46,600 $35,100
2014 $2,757 $81,700 $46,600 $35,100
2013 $2,757 $81,700 $46,600 $35,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1337825

State-Wide MLS

APN: PROV-001050-000224-000000