NOT LISTED FOR SALE

388 Wellington Ave Cranston, RI 02910

South Elmwood Neighborhood

Estimated Value: $421,000 - $517,000

8 Beds
2 Baths
5,462 Sq Ft
$87/Sq Ft Est. Value

Last Sold January 23, 2023

Last sale price $343,000 $63 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,980/month

23 Days on Market

Highlights

  • Wood Flooring
  • 2 Fireplaces
  • Bathtub with Shower
  • Attic
  • Recreation Facilities
  • Patio

About This Home

As of January 2023

Great side by side duplex in the Cranston area. Each side features four bedrooms, double parlors, kitchen, and bath. Laundry hookups in each unit. Place is great for an investor or owner-occupant that is handy or looking to invest into a property that will have equity in it once done. Will not pass FHA!

Last Agent to Sell the Property

Joshua DeBrossard

Century 21 Visionary Group License #RES.0041563 Listed on: 11/30/2022

Century 21 Visionary Group

Last Buyer's Agent

Yohanny Mercedes

Bani Properties License #RES.0046530

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,551

Year Built

  • Built in 1920

Lot Details

  • 4,792

Home Design

  • Fixer Upper
  • Slab Foundation
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 5,462 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Permanent Attic Stairs

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Tankless Water Heater

Additional Features

  • Patio
  • 4,792 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 149
  • Assessor Parcel Number 388WELLINGTONAVCRAN

Community Details

Overview

  • 2 Units

Amenities

  • Shops
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,551

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Above Grade Finished Sq Ft: 5462.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Tankless Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 8
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Vinyl
  • Interior Amenities: Attic, Permanent Attic Stairs, Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Other
  • Exterior Features: Patio
  • Foundation Details: Concrete Perimeter, Slab
  • Patio And Porch Features: Patio
  • Property Condition: Fixer

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, Fuses
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4792.0
  • Parcel #: 388WELLINGTONAVCRAN
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4551.0
  • Tax Lot: 149
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2022
Closed on
Jan 23, 2023
Sold by
Crown Legion Llc
Bought by
Melenciano Yazmin B and Melenciano Deburgos M
Seller's Agent
Joshua DeBrossard
Century 21 Visionary Group
Buyer's Agent
Yohanny Mercedes
Bani Properties
List Price
$325,000
Sold Price
$343,000
Premium/Discount to List
$18,000
5.54%
Current Estimated Value
$476,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,525
Avg. Annual Appreciation
10.60%
Original Mortgage
$322,420
Outstanding Balance
$314,049
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$129,428

Purchase Details

Listed on
Nov 30, 2022
Closed on
Dec 2, 2022
Sold by
Nationstar Mortgage Llc and Crown Legion Llc
Bought by
Crown Legion Llc
Seller's Agent
Joshua DeBrossard
Century 21 Visionary Group
Buyer's Agent
Yohanny Mercedes
Bani Properties
List Price
$325,000
Sold Price
$343,000
Premium/Discount to List
$18,000
5.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,420
Outstanding Balance
$314,049
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$129,428

Purchase Details

Closed on
Dec 16, 2009
Sold by
Warwick Realty Llc
Bought by
Jones Maurice D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,830
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2009
Sold by
Us Bank Na
Bought by
Warwick Realty Llc

Purchase Details

Closed on
Aug 20, 2008
Sold by
Ozolins Edwin A
Bought by
Us Bank Na
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
Melenciano Yazmin B $343,000 None Available
Crown Legion Llc $289,000 None Available
Jones Maurice D $175,000 --
Warwick Realty Llc $70,000 --
Us Bank Na $226,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melenciano Yazmin B $322,420
Previous Owner Crown Legion Llc $326,000
Previous Owner Ozolins Edwin $172,737
Previous Owner Ozolins Edwin $171,830
Previous Owner Ozolins Edwin $36,748
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2023 01/23/23 Sold $343,000 +5.5% $63 / Sq Ft
12/24/2022 12/24/22 Pending -- -- --
11/30/2022 11/30/22 For Sale $325,000 -- $60 / 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 $4,448 $326,800 $87,400 $239,400
2023 $4,576 $242,100 $60,300 $181,800
2022 $4,481 $242,100 $60,300 $181,800
2021 $4,358 $242,100 $60,300 $181,800
2020 $3,990 $192,100 $46,900 $145,200
2019 $3,990 $192,100 $46,900 $145,200
2018 $3,898 $192,100 $46,900 $145,200
2017 $3,097 $135,000 $36,900 $98,100
2016 $3,031 $135,000 $36,900 $98,100
2015 $3,031 $135,000 $36,900 $98,100
2014 $3,433 $150,300 $36,900 $113,400
Source: Public Records

Agents Affiliated with this Home

  • Joshua DeBrossard

    Seller's Agent in 2023

    Joshua DeBrossard

    Century 21 Visionary Group

    (401) 347-7410

    3 in this area

    98 Total Sales

    Section Image

  • Y

    Buyer's Agent in 2023

    Yohanny Mercedes

    Bani Properties

    (401) 692-5568

    1 in this area

    14 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1326104

State-Wide MLS

APN: CRAN-000003-000003-000149

Rhode Island Providence County Cranston 02910 South Elmwood

388 Wellington Ave, Cranston, RI

This home is located at 388 Wellington Ave, Cranston, RI 02910 since 30 November 2022 and is currently estimated at $476,525, approximately $87 per square foot. This property was built in 1920. 388 Wellington Ave is a home located in Providence County with nearby schools including W. R. Dutemple 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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