NOT LISTED FOR SALE

38 Reed Ave Cranston, RI 02910

Eden Park Neighborhood

Estimated Value: $436,000 - $536,209

5 Beds
2 Baths
1,950 Sq Ft
$258/Sq Ft Est. Value

Last Sold July 30, 2013

Last sale price $202,500 $104 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $3,274/month

249 Days on Market

Highlights

  • Thermal Windows
  • Tankless Water Heater
  • Baseboard Heating
  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Steam

About This Home

As of July 2013

Imagine owning two separate single family houses on one lot, and with little or nothing down, for half the cost of what you would otherwise pay for rent!! These two properties give new meaning to the term "Move In Condition"!! CALL TODAY!!

Last Agent to Sell the Property

Stephen Smith

RI Real Estate Services License #RES.0015703 Listed on: 10/23/2012

RI Real Estate Services

Last Buyer's Agent

Tonya Peluso

Peluso Properties License #REB.0016937

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,462

Year Built

  • Built in 1920

Lot Details

  • 6,800 Sq Ft Lot
  • Fenced

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,950 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Doors

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 863
  • Assessor Parcel Number 38REEDAVCRAN

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Auburn Subdivision

Building Details

  • Operating Expense $4,807

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,462

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1561
  • Subdivision Name: AUBURN
  • Above Grade Finished Sq Ft: 1950.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Tankless Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1950.0
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Vinyl Siding
  • Exterior Features: Paved Driveway

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, Fuses
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6800.0
  • Parcel #: 38REEDAVCRAN
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 4807.0

Tax Info

  • Tax Annual Amount: 4462.0
  • Tax Lot: 863
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2015
Sold by
Spirito Ryan A and Hislop Brittney A
Bought by
Spirito Ryan A
Current Estimated Value
$502,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,800
Outstanding Balance
$150,157
Interest Rate
3.68%
Mortgage Type
New Conventional
Estimated Equity
$343,306

Purchase Details

Listed on
Oct 23, 2012
Closed on
Jul 29, 2013
Sold by
Santos Laura
Bought by
Spirto Ryan A and Hislop Brittney A
Seller's Agent
Stephen Smith
RI Real Estate Services
Buyer's Agent
Tonya Peluso
Peluso Properties
List Price
$209,500
Sold Price
$202,500
Premium/Discount to List
-$7,000
-3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%
Original Mortgage
$196,377
Interest Rate
3.97%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Spirito Ryan A -- --
Spirto Ryan A $202,500 --
Spirito Ryan A -- --
Spirto Ryan A $202,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santos Laura $193,800
Previous Owner Spirto Ryan A $196,377
Previous Owner Santos Laura $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2013 07/30/13 Sold $202,500 -3.3% $104 / Sq Ft
06/30/2013 06/30/13 Pending -- -- --
10/23/2012 10/23/12 For Sale $209,500 -- $107 / 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 $5,965 $438,300 $110,400 $327,900
2023 $5,861 $310,100 $72,700 $237,400
2022 $5,740 $310,100 $72,700 $237,400
2021 $5,582 $310,100 $72,700 $237,400
2020 $5,076 $244,400 $69,200 $175,200
2019 $5,076 $244,400 $69,200 $175,200
2018 $4,959 $244,400 $69,200 $175,200
2017 $4,315 $188,100 $62,300 $125,800
2016 $4,223 $188,100 $62,300 $125,800
2015 $4,223 $188,100 $62,300 $125,800
2014 $4,705 $206,000 $62,300 $143,700
Source: Public Records

Agents Affiliated with this Home

  • Stephen Smith

    Seller's Agent in 2013

    Stephen Smith

    RI Real Estate Services

    (401) 572-0335

    19 Total Sales

    Stephen Smith
    Section Image
  • Tonya Peluso

    Buyer's Agent in 2013

    Tonya Peluso

    Peluso Properties

    (401) 580-8100

    12 Total Sales

    Tonya Peluso
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1028170

State-Wide MLS

APN: CRAN-000005-000003-000863

Rhode Island Providence County Cranston 02910 Eden Park

38 Reed Ave, Cranston, RI

This home is located at 38 Reed Ave, Cranston, RI 02910 since 23 October 2012 and is currently estimated at $502,802, approximately $257 per square foot. This property was built in 1920. 38 Reed Ave is a home located in Providence County with nearby schools including Daniel D. Waterman School, Park View Middle School, and Cranston High School East.

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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