Seller's Agent in 2022
Scott Champagne
Compass
(401) 447-8210
9 in this area
79 Total Sales
344 Benefit St Providence, RI 02903
College Hill NeighborhoodEstimated Value: $1,370,000 - $2,105,000
9
Beds
5
Baths
6,580
Sq Ft
$277/Sq Ft
Est. Value
Highlights
- Marina
- 2 Fireplaces
- Walking Distance to Water
- Wood Flooring
- Tennis Courts
- Skylights
About This Home
As of August 2022Stunning Italianate style (legal three family) in the heart of College Hill on historic Benefit St. This property has a solid rental history with both Brown and RISD and is fully leased through 5/30/2023. The 1st and 2nd floors have been combined to create a townhouse style unit with 5 large beds and 3 baths; The entire 3rd floor is a huge 3 bed 1 bath unit; and the 3rd unit is a garden level 1 bedroom 1 bath unit with exposed brick and beams, views of the city, and direct access to the shared outdoor brick patio. Many updates in and out make this the perfect property to add to your portfolio. Tenants enjoy in-unit laundry, a large deck overlooking the cityscape, and off-street parking for 2 cars. Rents include gas/electric with a cap of $150. NOI $85,000 Total Rents $120,000.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,347
Year Built
- Built in 1826
Lot Details
- 3,920 Sq Ft Lot
- Fenced
Home Design
- Brick Exterior Construction
- Clapboard
Interior Spaces
- 6,580 Sq Ft Home
- 3-Story Property
- Skylights
- 2 Fireplaces
- Family Room
- Utility Room
- Laundry Room
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Full Bathrooms
- Bathtub with Shower
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 2 Parking Spaces
- No Garage
Outdoor Features
- Walking Distance to Water
- Porch
Location
- Property near a hospital
Utilities
- No Cooling
- Central Heating
- Heating System Uses Gas
- 100 Amp Service
- Gas Water Heater
Listing and Financial Details
- The owner pays for hot water
- Tax Lot 90
- Assessor Parcel Number 344BENEFITSTPROV
Community Details
Overview
- 3 Units
- East Side/College Hill Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Tennis Courts
- Recreation Facilities
Building Details
- Operating Expense $9,220
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 8, 2022
Closed on
Aug 29, 2022
Sold by
Bronhard Walter L
Bought by
Cma Llc
Seller's Agent
Scott Champagne
Compass
Buyer's Agent
Nicole Hofstetter
RI Real Estate Services
List Price
$1,275,000
Sold Price
$1,575,000
Premium/Discount to List
$300,000
23.53%
Views
10
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
$249,301
Avg. Annual Appreciation
4.44%
Original Mortgage
$1,181,250
Outstanding Balance
$1,124,727
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$699,574
Purchase Details
Closed on
Apr 23, 2015
Sold by
Weiss Stanley
Bought by
Bronhard Walter L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
3.62%
Purchase Details
Listed on
Nov 7, 2014
Closed on
Dec 9, 2014
Sold by
Peckham Peggy A
Bought by
Weiss Stanley
Seller's Agent
Barbara Rhine
Residential Properties Ltd.
Buyer's Agent
Nancy Lerner
Coldwell Banker Realty
List Price
$625,000
Sold Price
$625,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.13%
Purchase Details
Closed on
Sep 1, 1998
Sold by
Cady John F
Bought by
Peckham Peggy and Gertenbach Wolfgang
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cma Llc | $1,575,000 | None Available | |
| Bronhard Walter L | $650,000 | -- | |
| Weiss Stanley | $625,000 | -- | |
| Weiss Stanley | $625,000 | -- | |
| Peckham Peggy | $375,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cma Llc | $1,181,250 | |
| Previous Owner | Peckham Peggy | $487,500 | |
| Previous Owner | Peckham Peggy | $300,000 | |
| Previous Owner | Peckham Peggy | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/29/2022 08/29/22 | Sold | $1,575,000 | -10.0% | $239 / Sq Ft | |
| 07/11/2022 07/11/22 | Pending | -- | -- | -- | |
| 06/08/2022 06/08/22 | Price Changed | $1,750,000 | +37.3% | $266 / Sq Ft | |
| 06/08/2022 06/08/22 | For Sale | $1,275,000 | +104.0% | $194 / Sq Ft | |
| 12/09/2014 12/09/14 | Sold | $625,000 | 0.0% | $139 / Sq Ft | View Prior Sale |
| 11/09/2014 11/09/14 | Pending | -- | -- | -- | |
| 11/07/2014 11/07/14 | For Sale | $625,000 | -- | $139 / 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 |
|---|---|---|---|---|
| 2025 | $21,608 | $1,543,400 | $672,600 | $870,800 |
| 2024 | $19,633 | $1,069,900 | $473,300 | $596,600 |
| 2023 | $19,633 | $1,069,900 | $473,300 | $596,600 |
| 2022 | $18,257 | $1,025,700 | $473,300 | $552,400 |
| 2021 | $17,347 | $706,300 | $334,200 | $372,100 |
| 2020 | $17,347 | $706,300 | $334,200 | $372,100 |
| 2019 | $17,347 | $706,300 | $334,200 | $372,100 |
| 2018 | $20,148 | $630,400 | $317,600 | $312,800 |
| 2017 | $20,148 | $630,400 | $317,600 | $312,800 |
| 2016 | $20,148 | $630,400 | $317,600 | $312,800 |
| 2015 | $20,284 | $612,800 | $331,400 | $281,400 |
| 2014 | $17,699 | $524,400 | $265,100 | $259,300 |
| 2013 | $17,699 | $524,400 | $265,100 | $259,300 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Champagne
-
Nicole Hofstetter
Buyer's Agent in 2022
Nicole Hofstetter
RI Real Estate Services
(401) 286-5626
3 in this area
41 Total Sales
-
Barbara Rhine
B
Seller's Agent in 2014
Barbara Rhine
Residential Properties Ltd.
2 in this area
12 Total Sales
-
Nancy Lerner
Buyer's Agent in 2014
Nancy Lerner
Coldwell Banker Realty
(401) 741-0301
1 in this area
16 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1312426
APN: PROV-160090-000000-000000
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