38 Transit St Unit 2 Providence, RI 02903
Fox Point NeighborhoodEstimated Value: $651,000 - $768,000
2
Beds
2
Baths
1,266
Sq Ft
$380/mo
HOA Fee
Highlights
- Marina
- Recreation Facilities
- Bathtub with Shower
- Water Views
- Walking Distance to Water
- 5-minute walk to Brassil Park
About This Home
As of April 2023Welcome to a special one level open flow condominium overlooking the Providence River. Located on the 2nd level this home has spectacular views day and night, particularly at sunset. It is a great convergence of the past and the present with an eye on the future. The historic heritage of the property has been respected but the updates, particularly with the gourmet kitchen, with stone countertops is dramatic and practical. The living room is located on the southwest corner of the residence. Sunsets and city lights will bath the space. The floors are wood. The windows are large. The space is expansive. The dining area also faces the River. Both bedroom are huge. This is a home without a lot of rooms, but rather a lot of room. Bathrooms are also recently updated and are European in inspiration. There is designated parking behind the building, 2 spaces! Primary suite was just repainted and floors were refinished.
So this a superior opportunity for someone who wants the convenience of urban living with panoramic views. Walk to restaurants, ,parks, museums, shopping, and the waterfront within a few steps. Located at the foot of College Hill. 38 Transit #2 is an ideal address to call your home. Homestead exemption is included in tax indicated; investor/non-owner occupied investor would be $11,870.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,122
Year Built
- Built in 1900
HOA Fees
- $380 Monthly HOA Fees
Home Design
- Brick Foundation
- Stone Foundation
- Clapboard
- Plaster
Interior Spaces
- 1,266 Sq Ft Home
- 1-Story Property
- Ceramic Tile Flooring
- Water Views
Kitchen
- Oven
- Range with Range Hood
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 2 Parking Spaces
- No Garage
- Assigned Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Water Heater
- Cable TV Available
Additional Features
- Walking Distance to Water
- Property near a hospital
Listing and Financial Details
- Legal Lot and Block 467 / 2
- Assessor Parcel Number 38TRANSITST2PROV
Community Details
Overview
- Association fees include ground maintenance, parking, trash
- 4 Units
- South Main East Side Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Recreation Facilities
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 22, 2022
Closed on
Apr 14, 2023
Sold by
Vallejo Mariana
Bought by
Patel Amit
Seller's Agent
Matt Phipps
Compass / Lila Delman Compass
Buyer's Agent
Stephanie Basile
Compass / Lila Delman Compass
List Price
$625,000
Sold Price
$603,000
Premium/Discount to List
-$22,000
-3.52%
Total Days on Market
143
Views
315
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
$106,990
Avg. Annual Appreciation
8.09%
Original Mortgage
$403,000
Outstanding Balance
$395,143
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$313,277
Purchase Details
Listed on
May 1, 2014
Closed on
May 22, 2015
Sold by
Samos Charles A and Samos Maureen J
Bought by
Vallejo Mariana
Seller's Agent
Lise Holst
Mott & Chace Sotheby's Intl.
Buyer's Agent
Joshua Cullion
Mott & Chace Sotheby's Intl.
List Price
$395,000
Sold Price
$350,000
Premium/Discount to List
-$45,000
-11.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.02%
Purchase Details
Listed on
May 1, 2014
Closed on
Apr 10, 2015
Sold by
Samos Charles and Samos Maureen
Bought by
Vallejo Mariana
Seller's Agent
Lise Holst
Mott & Chace Sotheby's Intl.
Buyer's Agent
Joshua Cullion
Mott & Chace Sotheby's Intl.
List Price
$395,000
Sold Price
$350,000
Premium/Discount to List
-$45,000
-11.39%
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
Similar Homes in Providence, RI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Patel Amit | $603,000 | None Available | |
| Vallejo Mariana | $350,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Patel Amit | $403,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2023 04/14/23 | Sold | $603,000 | -3.5% | $476 / Sq Ft |
| 03/15/2023 03/15/23 | Pending | -- | -- | -- |
| 10/22/2022 10/22/22 | For Sale | $625,000 | +78.6% | $494 / Sq Ft |
| 04/08/2015 04/08/15 | Sold | $350,000 | -11.4% | $276 / Sq Ft |
| 03/09/2015 03/09/15 | Pending | -- | -- | -- |
| 05/01/2014 05/01/14 | For Sale | $395,000 | -- | $312 / 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 |
|---|---|---|---|---|
| 2024 | $12,238 | $666,900 | $0 | $666,900 |
| 2023 | $12,238 | $666,900 | $0 | $666,900 |
| 2022 | $11,871 | $666,900 | $0 | $666,900 |
| 2021 | $9,868 | $401,800 | $0 | $401,800 |
| 2020 | $9,868 | $401,800 | $0 | $401,800 |
| 2019 | $9,868 | $401,800 | $0 | $401,800 |
| 2018 | $11,013 | $344,600 | $0 | $344,600 |
| 2017 | $11,013 | $344,600 | $0 | $344,600 |
| 2016 | $11,013 | $344,600 | $0 | $344,600 |
| 2015 | $11,327 | $342,200 | $0 | $342,200 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Phipps
Seller's Agent in 2023
Matt Phipps
Compass / Lila Delman Compass
(401) 640-0071
1 in this area
315 Total Sales
-
Stephanie Basile
Buyer's Agent in 2023
Stephanie Basile
Compass / Lila Delman Compass
(401) 465-3975
5 in this area
229 Total Sales
-
Lise Holst
L
Seller's Agent in 2015
Lise Holst
Mott & Chace Sotheby's Intl.
(401) 330-8813
3 in this area
25 Total Sales
-
Joshua Cullion
Buyer's Agent in 2015
Joshua Cullion
Mott & Chace Sotheby's Intl.
(401) 862-8381
12 in this area
271 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1322765
APN: PROV-160567-000000-000002
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