NOT LISTED FOR SALE

37 Hilltop Ave Providence, RI 02908

Elmhurst Neighborhood

Estimated Value: $646,000 - $1,028,446

6 Beds
2 Baths
1,410 Sq Ft
$538/Sq Ft Est. Value

Last Sold December 22, 2017

Last sale price $260,000 $184 Per Sq Ft

Est. 192% increase in value since last sale

Current estimated payment $4,622/month

14 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Bathtub with Shower
  • 2 Fireplaces
  • Porch
  • Baseboard Heating

About This Home

As of December 2017

Best Multifamily on the market today! This property has potential for increased rent. Cap rate close to 12% with rent potentials of $1,800 per floor. Large three bedroom units, boasts antique fir hardwoods throughout. This vintage Elmhurst property, comes with original all wood cabinets in each of the galley style kitchens. With a little TLC, this property will become a goldmine. Inches from Providence College, this street has a history of renting to both grad and undergrad with 0% vacancy over the years. Newer mechanicals, and plenty of parking are just a few of the benefits of this property. Won't last in this low inventory market, call today for an appointment!

Last Agent to Sell the Property

Scott Aceto

Smith and Oak Real Estate Co. License #REC.0018978 Listed on: 11/07/2017

Last Buyer's Agent

Donna Feeley

RI Real Estate Services License #RES.0033661

RI Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,625

Year Built

  • Built in 1923

Lot Details

  • 5,297

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding
  • Plaster

Interior Spaces

  • 1,410 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Porch
  • 5,297 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 68
  • Assessor Parcel Number 37HILLTOPAVPROV

Community Details

Overview

  • 2 Units
  • Elmhurst / Pc Area Subdivision

Building Details

  • Operating Expense $7,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,625

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Subdivision Name: Elmhurst / PC Area
  • Above Grade Finished Sq Ft: 1410.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1923
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Tub Shower
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Porch
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 9.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5297.0
  • Parcel #: 37HILLTOPAVPROV
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 7000.0

Tax Info

  • Tax Annual Amount: 5625.0
  • Tax Lot: 68
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2017
Closed on
Dec 22, 2017
Sold by
Martiesian Jason C and Martiesian Lisa J
Bought by
Santoro Ralph and Lemoi Andrew J
Seller's Agent
Scott Aceto
Smith and Oak Real Estate Co.
Buyer's Agent
Donna Feeley
RI Real Estate Services
List Price
$269,900
Sold Price
$260,000
Premium/Discount to List
-$9,900
-3.67%
Current Estimated Value
$758,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$498,362
Avg. Annual Appreciation
14.36%
Original Mortgage
$195,000
Outstanding Balance
$165,556
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$592,806

Purchase Details

Closed on
Oct 17, 2012
Sold by
Testa Louise Est and Testa
Bought by
Dalma Marie A

Purchase Details

Closed on
Nov 1, 2002
Sold by
Keefe C Claire
Bought by
Martiesian Jason C and Martiesian Lisa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,600
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Santoro Ralph $260,000 --
Dalma Marie A -- --
Martiesian Jason C $259,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santoro Ralph $195,000
Previous Owner Martiesian Jason C $35,000
Previous Owner Martiesian Jason C $207,600
Previous Owner Martiesian Jason C $31,072
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2017 12/22/17 Sold $260,000 -3.7% $184 / Sq Ft
11/22/2017 11/22/17 Pending -- -- --
11/07/2017 11/07/17 For Sale $269,900 -- $191 / 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
2025 $7,591 $542,200 $162,600 $379,600
2024 $6,793 $370,200 $105,700 $264,500
2023 $6,793 $370,200 $105,700 $264,500
2022 $6,590 $370,200 $105,700 $264,500
2021 $6,032 $245,600 $84,300 $161,300
2020 $6,032 $245,600 $84,300 $161,300
2019 $6,032 $245,600 $84,300 $161,300
2018 $5,625 $176,000 $67,800 $108,200
2017 $5,625 $176,000 $67,800 $108,200
2016 $5,625 $176,000 $67,800 $108,200
2015 $5,584 $168,700 $67,800 $100,900
2014 $5,694 $168,700 $67,800 $100,900
2013 $5,694 $168,700 $67,800 $100,900
Source: Public Records

Agents Affiliated with this Home

  • Scott Aceto

    Seller's Agent in 2017

    Scott Aceto

    Smith and Oak Real Estate Co.

    (401) 464-2617

    5 in this area

    38 Total Sales

    Scott Aceto
    Section Image
  • Donna Feeley

    Buyer's Agent in 2017

    Donna Feeley

    RI Real Estate Services

    (401) 524-0578

    10 Total Sales

    Donna Feeley
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1177426

State-Wide MLS

APN: PROV-001200-000078-000000

Rhode Island Providence County Providence 02908 Elmhurst

37 Hilltop Ave, Providence, RI

Not Listed for Sale

MultiFamily

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