340 Orms St Providence, RI 02908
Smith Hill Neighborhood
9
Beds
4.5
Baths
3,458
Sq Ft
4,356
Sq Ft Lot
Highlights
- Wood Flooring
- Baseboard Heating
- 2-minute walk to Candace Street Park
About This Home
As of September 2024Investor Alert! Don't miss this massive three-family property located right on the edge of downtown Providence. Boasting a prime location, it's just a 5-minute drive to the downtown mall, train station, and more.
Each spacious unit offers almost 1,400 sq. ft. with three bedrooms and a double parlor. The first floor includes one and a half baths, the second floor features one bath, and the third floor boasts two full baths. The roof is replace last year. This property is a fantastic investment opportunity in a highly convenient location.
Last Agent to Sell the Property
Coastline Realty LLC License #REC.0018933 Listed on: 06/18/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,151
Year Built
- Built in 1880
Lot Details
- 4,356 Sq Ft Lot
Home Design
- Shingle Siding
Interior Spaces
- 3,458 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 4 Parking Spaces
- No Garage
Utilities
- No Cooling
- Heating System Uses Gas
- Baseboard Heating
- 100 Amp Service
- Gas Water Heater
Community Details
- 3 Units
- Smith Hill/ Pc Subdivision
Listing and Financial Details
- Tax Lot 337
- Assessor Parcel Number 340ORMSSTPROV
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 18, 2024
Closed on
Sep 13, 2024
Sold by
Ri Invest J Llc
Bought by
Gomes Maria C and Xavier Francisco
Seller's Agent
Qinglu Zhu
Coastline Realty LLC
Buyer's Agent
Isabel Amado
SD Realty Associates
List Price
$559,000
Sold Price
$550,000
Premium/Discount to List
-$9,000
-1.61%
Total Days on Market
47
Views
35
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
$2,645
Avg. Annual Appreciation
0.64%
Original Mortgage
$522,500
Outstanding Balance
$519,285
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$33,360
Purchase Details
Closed on
Mar 23, 2022
Sold by
Zhang Jinxing
Bought by
Rl Invest J Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
3.69%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Dec 19, 2019
Sold by
Shao Yongkui E
Bought by
Zhang Jinxing
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 8, 2014
Closed on
Oct 31, 2014
Sold by
John P Vallante Ret and Vallante Margaeret E
Bought by
Shao Yongkui E
Seller's Agent
Mike Mita
RE/MAX FLAGSHIP, INC.
Buyer's Agent
Olivia Ma
Maxwell Realty
List Price
$100,000
Sold Price
$111,000
Premium/Discount to List
$11,000
11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.30%
Original Mortgage
$83,250
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Similar Homes in Providence, RI
Create a Home Valuation Report for This Property
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 | $550,000 | None Available | |
| Warranty Deed | $550,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $290,000 | None Available | |
| Warranty Deed | $290,000 | None Available | |
| Deed | $111,000 | -- | |
| Deed | $111,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $522,500 | Purchase Money Mortgage | |
| Closed | $15,000 | Second Mortgage Made To Cover Down Payment | |
| Closed | $522,500 | Purchase Money Mortgage | |
| Previous Owner | $318,750 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $232,000 | New Conventional | |
| Previous Owner | $83,250 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2024 09/16/24 | Sold | $550,000 | +2.0% | $159 / Sq Ft |
| 08/05/2024 08/05/24 | Pending | -- | -- | -- |
| 07/03/2024 07/03/24 | Price Changed | $539,000 | -3.6% | $156 / Sq Ft |
| 06/18/2024 06/18/24 | For Sale | $559,000 | +403.6% | $162 / Sq Ft |
| 10/31/2014 10/31/14 | Sold | $111,000 | +11.0% | $32 / Sq Ft |
| 10/01/2014 10/01/14 | Pending | -- | -- | -- |
| 09/08/2014 09/08/14 | For Sale | $100,000 | -- | $29 / 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 | $6,151 | $335,200 | $68,200 | $267,000 |
| 2023 | $6,151 | $335,200 | $68,200 | $267,000 |
| 2022 | $5,967 | $335,200 | $68,200 | $267,000 |
| 2021 | $4,600 | $187,300 | $34,100 | $153,200 |
| 2020 | $4,600 | $187,300 | $34,100 | $153,200 |
| 2019 | $4,600 | $187,300 | $34,100 | $153,200 |
| 2018 | $4,142 | $129,600 | $36,600 | $93,000 |
| 2017 | $4,142 | $129,600 | $36,600 | $93,000 |
| 2016 | $4,142 | $129,600 | $36,600 | $93,000 |
| 2015 | $3,992 | $120,600 | $47,900 | $72,700 |
| 2014 | $4,070 | $120,600 | $47,900 | $72,700 |
| 2013 | $4,070 | $120,600 | $47,900 | $72,700 |
Source: Public Records
Agents Affiliated with this Home
-
Qinglu Zhu
Seller's Agent in 2024
Qinglu Zhu
Coastline Realty LLC
(917) 285-4007
10 in this area
90 Total Sales
-
Isabel Amado
I
Buyer's Agent in 2024
Isabel Amado
SD Realty Associates
(401) 864-4010
1 in this area
30 Total Sales
-
Mike Mita
Seller's Agent in 2014
Mike Mita
RE/MAX FLAGSHIP, INC.
(401) 447-3860
74 Total Sales
-
Olivia Ma
O
Buyer's Agent in 2014
Olivia Ma
Maxwell Realty
(401) 454-9050
27 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1361890
APN: PROV-670337-000000-000000
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