NOT LISTED FOR SALE

388 Prairie Ave Providence, RI 02905

Lower South Providence Neighborhood

Estimated Value: $558,000 - $772,233

12 Beds
4 Baths
5,234 Sq Ft
$127/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $525,000 $100 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,269/month

7 Days on Market

Highlights

  • Recreation Facilities
  • Cooling Available
  • Ceramic Tile Flooring
  • 3 Car Detached Garage
  • Property near a hospital
  • 2-minute walk to Harriet & Sayles Park

About This Home

As of July 2022

THIS PROPERTY IS LOCATED IN OF THE AREA WHERE THE PROVIDENCE BUSINESS EXPANSION IS HAPPENING. CLOSE TO HIGHWAY YET QUITE STREET, CLOSE TO BUSINESS; HOSPITAL, RESTAURANTS PARKS AND MORE. THIS PROPERTY FEATURE S THE FOLLOWING: UNIT #1 4 BEDROOMS; LIVING ROOM, DINING ROOM, KITCHEN AND BATH; UNIT 32 FEATURE 4 BEDROOMS, OPEN SPACE LIVING ROOM KITCHEN AND BATHROOM. UNIT #3 SECOND STORY FEATURES: 4 BEDROOMS; OPEN SPACE LIVING ROOM, DINING ROOM AREA; KITCHEN AND TWO BATHS. YES, IT DOES. DON'T BE FOOLED BY EXTERIOR PHOTO. VERY WELL KEPT WITH VERY NEAT TENANTS, NOT OWNER OCCUPIED AND EACH FLOOR'S RENTS ARE $1,400.00 EACH. VERY SPACIOUS BASEMENT LET FOR THE NEW OWNER IMAGINATION!! THE CURRENT PROPERTY TAXES ARE $2,888.28! PLEASE NOTE THAT GROSS LIVING AREA HAS NOT BEEN UPDATED. RENTS ARE BELOW MARKET VALUE.

Last Agent to Sell the Property

Matilde Miolan

Miolan & Regus Bros. Realty License #REB.0014497 Listed on: 05/10/2022

Last Buyer's Agent

Enrique Mendez

BHHS Pinnacle Realty License #RES.0033266

BHHS Pinnacle Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,888

Year Built

  • Built in 1910

Lot Details

  • 6,534 Sq Ft Lot
  • Fenced
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 5,234 Sq Ft Home
  • 2-Story Property
  • Utility Room

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

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

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Tax Lot 621
  • Assessor Parcel Number 388PRAIRIEAVPROV

Community Details

Overview

  • 3 Units

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,888

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.15
  • Above Grade Finished Sq Ft: 5234.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1910
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 12
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Dining Room Type: Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Recreation Area
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: 388PRAIRIEAVPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2888.28
  • Tax Lot: 621
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Jul 18, 2022
Sold by
Elizabeth M Herrera T M and Elizabeth Herrera
Bought by
Reyes Candido F
Seller's Agent
Matilde Miolan
Miolan & Regus Bros. Realty
Buyer's Agent
Enrique Mendez
BHHS Pinnacle Realty
List Price
$549,900
Sold Price
$525,000
Premium/Discount to List
-$24,900
-4.53%
Current Estimated Value
$674,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,034
Avg. Annual Appreciation
8.05%
Original Mortgage
$564,585
Outstanding Balance
$540,819
Interest Rate
5.23%
Mortgage Type
FHA
Estimated Equity
$126,583

Purchase Details

Closed on
Oct 7, 2021
Sold by
Herrera Elizabeth
Bought by
Elizabeth M Herrera T M and Elizabeth Herrera

Purchase Details

Closed on
Feb 28, 2020
Sold by
Felice Daniel A and Goris Esperanza
Bought by
Herrera Elizabeth

Purchase Details

Closed on
Jan 8, 2015
Sold by
Deutsche Bk Natl T Co
Bought by
Helping Hands Communit

Purchase Details

Closed on
Dec 15, 2014
Sold by
Aguilar Norberto and Deutsche Bk Natl T Co
Bought by
Deutsche Bk Natl T Co

Purchase Details

Closed on
Oct 22, 2013
Sold by
Kpm Investments Llc
Bought by
Aguilar Norberto

Purchase Details

Closed on
Jun 20, 2011
Sold by
Aguilar Norberto
Bought by
Kpm Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
4.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2005
Sold by
Pantoja Wilson R
Bought by
Aguilar Norberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
Reyes Candido F $575,000 None Available
Elizabeth M Herrera T M -- None Available
Herrera Elizabeth -- None Available
Helping Hands Communit -- --
Deutsche Bk Natl T Co $30,000 --
Aguilar Norberto -- --
Kpm Investments Llc -- --
Aguilar Norberto $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Candido F $564,585
Previous Owner Herrera Elizabeth $120,000
Previous Owner Herrrera Elizabeth $55,000
Previous Owner Herrrera Elizabeth $55,000
Previous Owner Aguilar Norberto $32,000
Previous Owner Aguilar Norberto $224,000
Previous Owner Aguilar Norberto $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold $525,000 -4.5% $100 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $549,900 -- $105 / 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 $7,147 $389,500 $78,300 $311,200
2023 $7,147 $389,500 $78,300 $311,200
2022 $5,621 $315,800 $78,300 $237,500
2021 $2,888 $117,600 $36,700 $80,900
2020 $2,888 $117,600 $36,700 $80,900
2019 $2,888 $117,600 $36,700 $80,900
2018 $4,059 $127,000 $33,400 $93,600
2017 $4,059 $127,000 $33,400 $93,600
2016 $4,059 $127,000 $33,400 $93,600
2015 $3,095 $93,500 $33,400 $60,100
2014 $3,156 $93,500 $33,400 $60,100
2013 $3,156 $93,500 $33,400 $60,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Matilde Miolan

    Miolan & Regus Bros. Realty

    (401) 261-4643

    1 in this area

    37 Total Sales

    Section Image

  • E

    Buyer's Agent in 2022

    Enrique Mendez

    BHHS Pinnacle Realty

    (401) 626-2882

    1 in this area

    23 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1309762

State-Wide MLS

APN: PROV-480621-000000-000000

Rhode Island Providence County Providence 02905 Lower South Providence

388 Prairie Ave, Providence, RI

This home is located at 388 Prairie Ave, Providence, RI 02905 since 10 May 2022 and is currently estimated at $664,058, approximately $126 per square foot. This property was built in 1910. 388 Prairie Ave is a home located in Providence County with nearby schools including Asa Messer Elementary School, Charles N. Fortes Elementary School, and Robert L. Bailey IV Elementary.

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