40 7th St Unit 2 Providence, RI 02906
Hope NeighborhoodEstimated Value: $432,000 - $495,206
3
Beds
2
Baths
1,640
Sq Ft
$282/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Tennis Courts
- Storage Room
- Corner Lot
- Patio
- 3-minute walk to Summit Ave Playground (Kerry Kohring Park)
About This Home
As of November 2023Welcome home to this beautiful East Side townhouse that will check all your boxes! Boasting 3 bedrooms, 2 full bathrooms, and 1640 square feet of living space it meets the needs for a family home. On the other hand, the location and potential rental prices also make this a perfect opportunity as an investment property. Either way, you will love the open floor plan of the main floor featuring a spacious living room and renovated kitchen with granite counter tops, stainless steel appliances and gas stove. There is also a separate dining room, updated full bath, and bedroom on the 1st level of this townhouse. The upper level has a large primary bedroom, 3rd bedroom, office/play space, as well as another full bath with laundry. A fenced in yard and patio area allow for outdoor entertaining during the Spring, Summer and Fall. The property also features central air conditioning to keep everyone cool and ample parking with two assigned off street spaces included. Minutes from great restaurants and shops of Hope Village and Downtown Providence. You do not want to miss this property!
Last Agent to Sell the Property
Revolv Real Estate License #RES.0042775 Listed on: 09/13/2023
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $6,922
Year Built
- Built in 1900
Lot Details
- 4,944 Sq Ft Lot
- Fenced
- Paved or Partially Paved Lot
HOA Fees
- $275 Monthly HOA Fees
Home Design
- Brick Foundation
- Vinyl Siding
Interior Spaces
- 1,640 Sq Ft Home
- 3-Story Property
- Storage Room
- Laundry in unit
- Utility Room
Kitchen
- Oven
- Range
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 2 Parking Spaces
- No Garage
- Unassigned Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- 100 Amp Service
- Gas Water Heater
Additional Features
- Patio
- Property near a hospital
Listing and Financial Details
- Tax Lot 204
- Assessor Parcel Number 407THST2PROV
Community Details
Overview
- 2 Units
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Tennis Courts
- Recreation Facilities
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 13, 2023
Closed on
Nov 2, 2023
Sold by
Mones Matthew and Phelan Lea
Bought by
Ocel Samuel C and Ocel Shannon D
Seller's Agent
Christina Maciel
Revolv Real Estate
Buyer's Agent
Joshua Cullion
Mott & Chace Sotheby's Intl.
List Price
$395,000
Sold Price
$436,000
Premium/Discount to List
$41,000
10.38%
Total Days on Market
13
Views
57
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,802
Avg. Annual Appreciation
3.77%
Original Mortgage
$392,400
Outstanding Balance
$386,186
Interest Rate
7.19%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$76,616
Purchase Details
Closed on
Mar 4, 2020
Sold by
Brainsky Tonya R
Bought by
Brainsky Eric S
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
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 24, 2008
Sold by
Samos Charles and Samos Maureen
Bought by
Brainsky Eric S and Brainsky Tonya R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Providence, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ocel Samuel C | $436,000 | None Available | |
| Brainsky Eric S | -- | None Available | |
| Brainsky Eric S | $256,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ocel Samuel C | $392,400 | |
| Previous Owner | Phelan Lea | $256,500 | |
| Previous Owner | Brainsky Eric S | $190,000 | |
| Previous Owner | Brainsky Eric S | $246,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/06/2023 11/06/23 | Sold | $436,000 | +10.4% | $266 / Sq Ft |
| 09/26/2023 09/26/23 | Pending | -- | -- | -- |
| 09/13/2023 09/13/23 | For Sale | $395,000 | +38.6% | $241 / Sq Ft |
| 05/15/2020 05/15/20 | Sold | $285,000 | -3.4% | $174 / Sq Ft |
| 04/15/2020 04/15/20 | Pending | -- | -- | -- |
| 03/04/2020 03/04/20 | For Sale | $294,900 | -- | $180 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $7,136 | $388,900 | $0 | $388,900 |
| 2023 | $7,136 | $388,900 | $0 | $388,900 |
| 2022 | $6,922 | $388,900 | $0 | $388,900 |
| 2021 | $5,455 | $222,100 | $0 | $222,100 |
| 2020 | $5,455 | $222,100 | $0 | $222,100 |
| 2019 | $5,455 | $222,100 | $0 | $222,100 |
| 2018 | $7,140 | $223,400 | $0 | $223,400 |
| 2017 | $7,140 | $223,400 | $0 | $223,400 |
| 2016 | $7,140 | $223,400 | $0 | $223,400 |
| 2015 | $7,004 | $211,600 | $0 | $211,600 |
| 2014 | $7,142 | $211,600 | $0 | $211,600 |
| 2013 | $7,142 | $211,600 | $0 | $211,600 |
Source: Public Records
Agents Affiliated with this Home
-
Christina Maciel
Seller's Agent in 2023
Christina Maciel
Revolv Real Estate
(401) 430-5251
1 in this area
50 Total Sales
-
Joshua Cullion
Buyer's Agent in 2023
Joshua Cullion
Mott & Chace Sotheby's Intl.
(401) 862-8381
7 in this area
266 Total Sales
-
Mary O'Brien
M
Seller's Agent in 2020
Mary O'Brien
Residential Properties Ltd.
(401) 419-8296
26 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1343883
APN: PROV-910204-000000-000002
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