NOT LISTED FOR SALE

38 Dorchester Ave Providence, RI 02909

Silver Lake Neighborhood

Estimated Value: $518,880 - $667,000

6 Beds
3 Baths
5,520 Sq Ft
$103/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $365,000 $66 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,652/month

94 Days on Market

Highlights

  • Above Ground Pool
  • Attic
  • 3 Car Detached Garage
  • Wood Flooring
  • Recreation Facilities
  • Thermal Windows

About This Home

As of May 2021

Much higher rental income is available on this RARE AND UNIQUE oversized three family house. A full 1068 sq ft unfinished walkup fourth floor could potentially be finished and combined with existing 1068 sq ft 3rd floor apartment to create a 2000 sq ft+ townhouse apartment that you can live in or generate much more rent from. You could also add far more value to the property than finishing the fourth floor might cost. A three car detached garage can also be rented to the tenants as well for additional income. Separate and updated heating systems, hot water tanks and electrical services along with a maintenance free exterior will provide piece of mind and years of worry free home ownership. 10+ car parking in the garages and expansive concrete driveway.
PLEASE VISIT VIRTUAL TOUR FOR ADDITIONAL (58) PROPERTY PHOTOS AND FLOORPLANS SHOWING ALL THREE FLOOR LAYOUTS AND ROOM DIMENSIONS!! PLEASE DO NOT WALK ON PROPERTY WITHOUT A SCHEDULED SHOWING APPT.

Last Agent to Sell the Property

Stephen Smith

RI Real Estate Services License #RES.0015703 Listed on: 01/09/2021

RI Real Estate Services

Last Buyer's Agent

Norma Burgos-Rivero

Mastermind Realty Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,420

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 5,520 Sq Ft Home
  • 4-Story Property
  • Thermal Windows
  • Utility Room
  • Permanent Attic Stairs

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Above Ground Pool
  • Porch

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Baseboard Heating
  • Water Heater

Listing and Financial Details

  • Tax Lot 248
  • Assessor Parcel Number 38DORCHESTERAVPROV

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Silver Lake Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Recreation Facilities

Building Details

  • Operating Expense $3,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,420

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Subdivision Name: Silver Lake
  • Above Grade Finished Sq Ft: 5520.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Attic, Internal Expansion, Permanent Attic Stairs, Tub Shower
  • Dining Room Type: Utility Room
  • Stories: 4
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Above Ground
  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 9.0

Utilities

  • Laundry Features: Common Area
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Public Transportation, Recreation Area, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4792.0
  • Parcel #: 38DORCHESTERAVPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 3420.0

Tax Info

  • Tax Annual Amount: 3420.0
  • Tax Lot: 248
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2021
Closed on
May 14, 2021
Sold by
Lombardo Betty and Stromberg Keith
Bought by
Solares David
Seller's Agent
Stephen Smith
RI Real Estate Services
Buyer's Agent
Norma Burgos-Rivero
Mastermind Realty Corporation
List Price
$369,900
Sold Price
$365,000
Premium/Discount to List
-$4,900
-1.32%
Current Estimated Value
$566,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,970
Avg. Annual Appreciation
12.14%
Original Mortgage
$295,392
Outstanding Balance
$272,762
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$324,021

Purchase Details

Closed on
Nov 17, 2020
Sold by
Lombardo Betty and Stromberg Lori
Bought by
Lombardo Betty and Stromberg Keith
Source: Public Records

Range of Values:

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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
Solares David $365,000 None Available
Lombardo Betty -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solares David $295,392
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $365,000 -1.3% $66 / Sq Ft
04/14/2021 04/14/21 Pending -- -- --
01/09/2021 01/09/21 For Sale $369,900 -- $67 / 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 $6,755 $368,100 $72,900 $295,200
2023 $6,755 $368,100 $72,900 $295,200
2022 $6,552 $368,100 $72,900 $295,200
2021 $5,700 $232,100 $48,300 $183,800
2020 $5,700 $232,100 $48,300 $183,800
2019 $5,700 $232,100 $48,300 $183,800
2018 $5,043 $157,800 $46,800 $111,000
2017 $5,043 $157,800 $46,800 $111,000
2016 $5,043 $157,800 $46,800 $111,000
2015 $4,535 $137,000 $49,700 $87,300
2014 $4,624 $137,000 $49,700 $87,300
2013 $4,624 $137,000 $49,700 $87,300
Source: Public Records

Agents Affiliated with this Home

  • Stephen Smith

    Seller's Agent in 2021

    Stephen Smith

    RI Real Estate Services

    (401) 572-0335

    1 in this area

    19 Total Sales

    Stephen Smith
    Section Image

  • N

    Buyer's Agent in 2021

    Norma Burgos-Rivero

    Mastermind Realty Corporation

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1272941

State-Wide MLS

APN: PROV-001080-000248-000000

Rhode Island Providence County Providence 02909 Silver Lake

38 Dorchester Ave, Providence, RI

This home is located at 38 Dorchester Ave, Providence, RI 02909 since 09 January 2021 and is currently estimated at $566,970, approximately $102 per square foot. This property was built in 1920. 38 Dorchester Ave is a home located in Providence County with nearby schools including Charles N. Fortes Elementary School, Asa Messer Elementary School, and Laurel Hill Annex School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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