NOT LISTED FOR SALE

388 Prairie Ave Providence, RI 02905

Lower South Providence Neighborhood

Estimated Value: $671,000 - $823,062

12 Beds
4 Baths
5,234 Sq Ft
$140/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2022

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

Est. 40% increase in value since last sale

Current estimated payment $4,391 / mo

7 Days on Market

Highlights

  • Recreation Facilities
  • 3 Car Detached Garage
  • Property near a hospital
  • Classical High School Rated A
  • Cooling Available
  • 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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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

6,534 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Jul 18, 2022
Sold by
Bought by
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
$734,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,016
Avg. Annual Appreciation
8.63%
Original Mortgage
$564,585
Outstanding Balance
$530,761
Interest Rate
5.23%
Mortgage Type
FHA
Estimated Equity
$203,255

Purchase Details

Closed on
Oct 7, 2021
Sold by
Bought by

Purchase Details

Closed on
Feb 28, 2020
Sold by
Bought by

Purchase Details

Closed on
May 20, 2015
Sold by
Bought by

Purchase Details

Closed on
Jan 8, 2015
Sold by
Bought by

Purchase Details

Closed on
Dec 15, 2014
Sold by
Bought by

Purchase Details

Closed on
Oct 22, 2013
Sold by
Bought by

Purchase Details

Closed on
Jun 20, 2011
Sold by
Bought by

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
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Lower South Providence, RI

  • Herson Martinez Real Estate Agent - RISE REC

    Herson Martinez

    RISE REC

    (401) 414-4072

    105 Total Sales

    2 in Lower South Providence

    $300K - $420K Price Range

    Herson Martinez
     Section Image
  • Lisa Duffy Real Estate Agent - Residential Properties Ltd.

    Lisa Duffy

    Residential Properties Ltd.

    (774) 500-3819

    85 Total Sales

    1 in Lower South Providence

    $362,000 Price

    Lisa Duffy
     Section Image
  • Allen Gammons Real Estate Agent - BHHS Commonwealth Real Estate

    Allen Gammons

    BHHS Commonwealth Real Estate

    (401) 208-0582

    391 Total Sales

    1 in Lower South Providence

    $750,000 Price

    Allen Gammons
     Section Image

  • JD

    Jose Duce Rocher

    Century 21 Limitless

    (781) 633-6951

    154 Total Sales

    1 in Lower South Providence

    $260,000 Price

    Jose Duce Rocher
     Section Image
  • Sabine Green Real Estate Agent - Residential Properties Ltd.

    Sabine Green

    Residential Properties Ltd.

    (401) 593-4515

    65 Total Sales

    1 in Lower South Providence

    $485,000 Price

    Sabine Green
     Section Image
  • Charles Marine Real Estate Agent - Heavens Realty

    Charles Marine

    Heavens Realty

    (401) 425-6626

    39 Total Sales

    1 in Lower South Providence

    $185,000 Price

    Charles Marine
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$575,000 None Available
-- None Available
-- None Available
$26,000 --
-- --
$30,000 --
-- --
-- --
$200,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $564,585
Previous Owner $120,000
Previous Owner $55,000
Previous Owner $32,000
Previous Owner $224,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,286 $567,700 $123,600 $444,100
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

    29 Total Sales

    Matilde Miolan
    Section Image

  • E

    Buyer's Agent in 2022

    Enrique Mendez

    BHHS Pinnacle Realty

    (401) 626-2882

    2 in this area

    15 Total Sales

    Enrique Mendez
    Section Image
See All Agents

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

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.

State-Wide MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2026 State-Wide MLS, Inc. All rights reserved.

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