$700,000
SOLD JAN 2, 2025
1 Bed
3 Baths
2,923 Sq Ft
2,806 Sq Ft Lot

Recently Sold

$239 Per Sq Ft

36% Below List Price

238 Days on Market

Highlights

  • Wood Flooring
  • Ductless Heating Or Cooling System
  • Storage Room
  • Recreation Facilities
  • Laundry Room
  • Public Transportation

About This Home

As of January 2025

Looking to make a statement? This iconic mixed-use building at 4 Benefit Street will certainly attract attention. Currently used as a hair salon on three levels and a one-bedroom apartment on the top floor, this amazing building is the perfect live-work set up. Perched at the north end of the street and the beginning of "The Mile of History," this prime College Hill location is easily recognizable. An easy stroll to Downtown, the train and shopping centers. There is even coveted parking for 4 to 6 cars. Bring your design team and reimagine this spectacular space as your own.

Last Agent to Sell the Property

Jim DeRentis

Residential Properties Ltd. License #RES.0034320 Listed on: 04/10/2024

Residential Properties Ltd.

Last Buyer's Agent

Jim DeRentis

Residential Properties Ltd. License #RES.0034320 Listed on: 04/10/2024

Residential Properties Ltd.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1865

Home Design

  • Combination Foundation
  • Wood Siding
  • Clapboard

Interior Spaces

  • 2,923 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Parking

  • 5 Parking Spaces
  • No Garage

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • 2,806 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 203
  • Assessor Parcel Number 4BENEFITSTPROV

Community Details

Overview

  • 2 Units
  • College Hill Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1865

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0644
  • Subdivision Name: College Hill
  • Above Grade Finished Sq Ft: 2923.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1865
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Interior Entry, Partial, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood
  • Interior Amenities: Stall Shower
  • Dining Room Type: Bathroom, Laundry, Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: Other

Exterior Features

  • Construction Type: Clapboard, Wood Siding
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Ductless, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Hot Water
  • 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, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2806.0
  • Parcel #: 4BENEFITSTPROV
  • Zoning: HD/R-3
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 25412.4
  • Tax Lot: 203
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Dec 31, 2024
Sold by
Benefit Realty Inc
Bought by
48Benefit Llc
Seller's Agent
Jim DeRentis
Residential Properties Ltd.
Buyer's Agent
Jim DeRentis
Residential Properties Ltd.
List Price
$1,095,000
Sold Price
$700,000
Premium/Discount to List
-$395,000
-36.07%
Views
195
Current Estimated Value
$888,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,974
Original Mortgage
$706,781
Outstanding Balance
$700,647
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 1994
Sold by
Ruby Dev Corp
Bought by
Benefit Rlty Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
8.44%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $700,000 None Available
Warranty Deed $700,000 None Available
Warranty Deed $700,000 None Available
Warranty Deed $700,000 None Available
Warranty Deed $220,000 --
Warranty Deed $220,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $706,781 Purchase Money Mortgage
Closed $706,781 Purchase Money Mortgage
Previous Owner $175,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2025 01/02/25 Sold $700,000 -20.0% $239 / Sq Ft
12/05/2024 12/05/24 Pending -- -- --
09/15/2024 09/15/24 Price Changed $875,000 -12.1% $299 / Sq Ft
07/11/2024 07/11/24 Price Changed $995,000 -9.1% $340 / Sq Ft
04/10/2024 04/10/24 For Sale $1,095,000 -- $375 / 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
2025 $10,042 $687,800 $417,500 $270,300
2024 -- $724,000 $278,300 $445,700
2023 $0 $724,000 $278,300 $445,700
2022 $0 $724,000 $278,300 $445,700
2021 $0 $556,600 $195,900 $360,700
2020 $0 $556,600 $195,900 $360,700
2019 $0 $556,600 $195,900 $360,700
2018 $0 $467,700 $195,900 $271,800
2017 $0 $467,700 $195,900 $271,800
2016 -- $467,700 $195,900 $271,800
2015 -- $453,300 $186,500 $266,800
2014 -- $453,300 $186,500 $266,800
2013 -- $453,300 $186,500 $266,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1356300

State-Wide MLS

APN: PROV-030203-000000-000000