$111,000
SOLD OCT 31, 2014

340 Orms St Providence, RI 02908

Smith Hill Neighborhood
9 Beds
3 Baths
3,458 Sq Ft
4,292 Sq Ft Lot

Recently Sold

$32 Per Sq Ft

11% Above List Price

22 Days on Market

Highlights

  • Golf Course Community
  • Tennis Courts
  • Shops
  • Wood Flooring
  • Public Transportation
  • 2-minute walk to Candace Street Park

About This Home

As of September 2024

Below market rent. Good bones but NEEDS WORK! INVESTORS Welcome! Strong, long-time tenants. Great location. Individual meters. Come see for yourself! Great deal in great spot. HIGHEST AND BEST BY 5PM FRIDAY 9/12!

Last Agent to Sell the Property

Mike Mita

RE/MAX FLAGSHIP, INC. Listed on: 09/08/2014

RE/MAX FLAGSHIP, INC.

Last Buyer's Agent

Olivia Ma

Maxwell Realty License #REB.0016271

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,458 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • 5 Parking Spaces
  • No Garage

Utilities

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

Additional Features

  • 4,292 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 337
  • Assessor Parcel Number 340ORMSSTPROV

Community Details

Overview

  • 3 Units
  • Smith Hill / Pc Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community
  • Tennis Courts

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0985
  • Subdivision Name: SMITH HILL / PC
  • Above Grade Finished Sq Ft: 3458.0
  • 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, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Living Area: 3458.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 5.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4292.0
  • Parcel #: 340ORMSSTPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 4070.0
  • Tax Lot: 337
  • Tax Year: 2013

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%
Views
35
Current Estimated Value
$561,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,394
Avg. Annual Appreciation
8.43%
Original Mortgage
$522,500
Outstanding Balance
$519,285
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$69,890

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
16.81%
Original Mortgage
$83,250
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 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

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 $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

    11 in this area

    93 Total Sales

    Section Image

  • I

    Buyer's Agent in 2024

    Isabel Amado

    SD Realty Associates

    (401) 864-4010

    1 in this area

    31 Total Sales

    Section Image
  • Mike Mita

    Seller's Agent in 2014

    Mike Mita

    RE/MAX FLAGSHIP, INC.

    (401) 447-3860

    76 Total Sales

    Section Image

  • O

    Buyer's Agent in 2014

    Olivia Ma

    Maxwell Realty

    (401) 454-9050

    27 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1078180

State-Wide MLS

APN: PROV-670337-000000-000000

Rhode Island Providence County Providence 02908 Smith Hill

340 Orms St, Providence, RI

This home is located at 340 Orms St, Providence, RI 02908 and is currently priced at $111,000, approximately $32 per square foot. This property was built in 1880. 340 Orms St is a home located in Providence County with nearby schools including Asa Messer Elementary School, Charles N. Fortes Elementary School, and Veazie Street Elementary School.

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