NOT LISTED FOR SALE

346 Ferris Ave Rumford, RI 02916

Rumford Neighborhood

Estimated Value: $226,000 - $320,202

2 Beds
1 Bath
1,550 Sq Ft
$176/Sq Ft Est. Value

Last Sold September 08, 2017

Last sale price $172,500 $111 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $1,738/month

68 Days on Market

Highlights

  • Tennis Courts
  • Storage Room
  • Public Transportation
  • Window Unit Cooling System
  • Accessible Approach with Ramp
  • Shops

About This Home

As of September 2017

Mixed use 2 unit in Rumford. Currently used as a hair salon on 1st floor with a 2 bed apartment on 2nd. Conveniently located right off Newport Ave. Plenty of parking.

Last Agent to Sell the Property

Brian McGloin

Williams & Stuart Real Estate License #REB.0018702 Listed on: 06/01/2017

Williams & Stuart Real Estate

Last Buyer's Agent

Brian McGloin

Williams & Stuart Real Estate License #REB.0018702 Listed on: 06/01/2017

Williams & Stuart Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1882

Lot Details

  • 0.33

Home Design

  • Aluminum Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,550 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Utility Room
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

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

Parking

  • 10 Parking Spaces
  • No Garage

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Accessible Approach with Ramp
  • 0.33 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Legal Lot and Block 15 / 12
  • Assessor Parcel Number 346FerrisAVEPRO

Community Details

Overview

  • 4 Units
  • Rumford Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1882

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.33
  • Subdivision Name: Rumford
  • Above Grade Finished Sq Ft: 1550.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1882
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Accessibility Features: Accessible Approach with Ramp
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

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

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 10.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14375.0
  • Parcel #: 346FerrisAVEPRO
  • Zoning: c2
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5830.0
  • Tax Block: 12
  • Tax Lot: 15
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2017
Closed on
Sep 8, 2017
Sold by
Weiss Kimberly S
Bought by
Ccp Realty Llc
Seller's Agent
Brian McGloin
Williams & Stuart Real Estate
Buyer's Agent
Brian McGloin
Williams & Stuart Real Estate
List Price
$219,900
Sold Price
$172,500
Premium/Discount to List
-$47,400
-21.56%
Current Estimated Value
$273,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,601
Avg. Annual Appreciation
5.83%
Original Mortgage
$130,000
Outstanding Balance
$109,904
Interest Rate
3.92%
Mortgage Type
Commercial
Estimated Equity
$161,251

Purchase Details

Closed on
Nov 7, 2008
Sold by
Morris Paul and Morris Helena
Bought by
Scott William R

Purchase Details

Closed on
Aug 30, 1994
Sold by
Mcauley Helen M and Monahan John E
Bought by
Morris Paul M and Morris Helena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,200
Interest Rate
8.65%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Ccp Realty Llc $172,500 --
Scott William R $275,000 --
Morris Paul M $76,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ccp Realty Llc $130,000
Previous Owner Morris Paul M $200,000
Previous Owner Morris Paul M $71,445
Previous Owner Morris Paul M $72,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2017 09/08/17 Sold $172,500 -21.6% $111 / Sq Ft
08/09/2017 08/09/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $219,900 -- $142 / 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 $3,021 $126,300 $122,300 $4,000
2023 $2,909 $126,300 $122,300 $4,000
2022 $3,221 $119,800 $119,800 $0
2021 $3,169 $119,800 $117,300 $2,500
2020 $3,035 $119,800 $117,300 $2,500
2019 $5,259 $213,600 $117,300 $96,300
2018 $0 $230,900 $117,300 $113,600
2017 $0 $230,900 $117,300 $113,600
2016 -- $236,600 $117,300 $119,300
2015 -- $236,200 $109,500 $126,700
2014 -- $236,200 $109,500 $126,700
Source: Public Records

Agents Affiliated with this Home

  • Brian McGloin

    Seller's Agent in 2017

    Brian McGloin

    Williams & Stuart Real Estate

    (401) 829-0318

    33 Total Sales

    Brian McGloin
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Map

Source: State-Wide MLS

MLS Number: 1163120

State-Wide MLS

APN: EPRO-000402-000012-000015

Rhode Island Providence County Rumford 02916 Rumford

346 Ferris Ave, Rumford, RI

This home is located at 346 Ferris Ave, Rumford, RI 02916 since 01 June 2017 and is currently estimated at $273,101, approximately $176 per square foot. This property was built in 1882. 346 Ferris Ave is a home located in Providence County with nearby schools including East Providence High School, St Margaret School, and Saint Teresa Catholic Elementary School.

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