NOT LISTED FOR SALE

Estimated Value: $377,000 - $593,000

4 Beds
4 Baths
1,972 Sq Ft
$253/Sq Ft Est. Value

Last Sold December 06, 2021

Last sale price $290,000 $147 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,237/month

9 Days on Market

About This Home

As of December 2021

Great multi-family investment opportunity in historic Oak Lawn Village, Cranston, RI. This home is located on a corner lot, includes a 3-bay garage (with electricity), and is situated directly across from the bike path and a small park area. One boiler runs three separate units with utilities that include gas baseboard heat/hot water, with a washer and dryer included in the basement.Unit 1 is a micro-unit studio with a kitchen and bathroom. Unit 2 has a spacious living room, bedroom, kitchen, and full bath. Unit 3 is currently occupied with tenants and takes up the top two floors, with one bedroom and bath on the third floor, and a large bedroom, kitchen, dining room, and bath on the second floor. Full of character, this hidden gem is conveniently situated within a mile to Routes 95, 295, and 37 with a library, church, local restaurants, and elementary school within walking distance.

Last Agent to Sell the Property

Lloyd Felix

Prestige Realty Experts Inc. Listed on: 11/01/2021

Last Buyer's Agent

Lloyd Felix

Prestige Realty Experts Inc. Listed on: 11/01/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,704

Year Built

  • 1920

Lot Details

  • 6,098

Parking

  • 3

Additional Features

  • Property has 1 Level
  • 3 Heating Zones

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,704

Year Built

1920

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Use GPS
  • Garage Yn: Yes
  • Road Frontage Type: Public
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1920

Interior Features

  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Gas Water Heater, Utility Connections for Gas Range
  • Has Basement: Full, Bulkhead, Unfinished
  • Total Bathrooms: 4
  • MAIN LO: AC1400
  • LIST PRICE PER Sq Ft: 126.72
  • PRICE PER Sq Ft: 147.06
  • MAIN SO: AC1400
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Wood,Vinyl,Carpet
  • Interior Amenities: Unit 1(Ceiling Fans,Studio,Bathroom with Shower Stall), Unit 1 Rooms(Kitchen,Other (See Remarks)), Unit 2 Rooms(Living Room,Kitchen,Living RM/Dining RM Combo), Unit 3 Rooms(Living Room,Dining Room,Kitchen)
  • Stories: 4

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone
  • Construction Type: Frame
  • Disclosures: Historic District. See Attached City Of Cranston Historical Commission
  • Lot Features: Corner Lot
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street, Stone/Gravel
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Total Parking Spaces: 6

Utilities

  • Heating: Unit 1(Central Heat,Hot Water Baseboard,Gas), Unit 2(Central Heat,Hot Water Baseboard,Gas), Unit 3(Central Heat,Hot Water Baseboard,Gas)
  • HEAT UNITS: 1
  • HEAT ZONES: 3
  • Electric: 110 Volts, 220 Volts
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Bike Path, Highway Access
  • HOA Rent Includes: Unit 1(Heat), Unit 2(Heat), Unit 3(Heat)

Lot Info

  • LOT SIZE: 5918
  • PAGE: 170
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 6098.4
  • Zoning: Historic

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 1
  • Annual Gross Income: 9000
  • Property Net Operating Income: 9000
  • Number Of Units Total: 3
  • Total Actual Rent: 1900

Tax Info

  • Tax Annual Amount: 4572
  • Tax Book Number: 4025
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2023
Sold by
Mcnally Rachel
Bought by
Bhm Properties Llc
Current Estimated Value
$499,000

Purchase Details

Closed on
Sep 30, 2022
Sold by
Bhm Properties Llc
Bought by
Mcnally Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
5.66%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Nov 1, 2021
Closed on
Dec 3, 2021
Sold by
Belanger James E and Belanger Deborah A
Bought by
Bhm Properties Llc
Seller's Agent
Lloyd Felix
Prestige Realty Experts Inc.
Buyer's Agent
Lloyd Felix
Prestige Realty Experts Inc.
List Price
$249,900
Sold Price
$290,000
Premium/Discount to List
$40,100
16.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.16%
Original Mortgage
$30,000
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2012
Sold by
Belanger James
Bought by
Belanger James E and Belanger Deborah A

Purchase Details

Closed on
Apr 13, 2009
Sold by
American Home Mtg Svcn
Bought by
Belanger James

Purchase Details

Closed on
Oct 10, 2008
Sold by
Sevigny Thomas A
Bought by
American Home Mtg

Purchase Details

Closed on
Aug 2, 2004
Sold by
Cesaro Kenneth
Bought by
Sevigny Thomas
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
Bhm Properties Llc -- None Available
Bhm Properties Llc -- None Available
Mcnally Rachel -- None Available
Mcnally Rachel -- None Available
Bhm Properties Llc $290,000 None Available
Belanger James E -- --
Belanger James E -- --
Belanger James $80,000 --
Belanger James $80,000 --
American Home Mtg $168,000 --
American Home Mtg $168,000 --
Sevigny Thomas $300,800 --
Sevigny Thomas $300,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcnally Rachel $311,250
Previous Owner Bhm Properties Llc $30,000
Previous Owner Bhm Properties Llc $320,000
Previous Owner Sevigny Thomas $57,000
Previous Owner Sevigny Thomas $268,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2021 12/06/21 Sold $290,000 +16.0% $147 / Sq Ft
11/11/2021 11/11/21 Pending -- -- --
11/01/2021 11/01/21 For Sale $249,900 -- $127 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $5,704 $419,100 $98,800 $320,300
2023 $5,250 $277,800 $68,100 $209,700
2022 $4,702 $254,000 $68,100 $185,900
2021 $4,572 $254,000 $68,100 $185,900
2020 $4,553 $219,200 $64,700 $154,500
2019 $4,553 $219,200 $64,700 $154,500
2018 $4,448 $219,200 $64,700 $154,500
2017 $4,106 $179,000 $47,700 $131,300
2016 $4,019 $179,000 $47,700 $131,300
2015 $4,019 $179,000 $47,700 $131,300
2014 $3,565 $156,100 $47,700 $108,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72914991

MLS Property Information Network (MLS PIN)

APN: CRAN-000018-000004-000474