NOT LISTED FOR SALE

40 East St Providence, RI 02906

Fox Point Neighborhood

Estimated Value: $786,910 - $911,000

8 Beds
3 Baths
4,200 Sq Ft
$196/Sq Ft Est. Value

Last Sold April 02, 2019

Last sale price $433,000 $103 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $5,369/month

214 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted In Outer Wall Opening
  • Storage Room
  • Walking Distance to Water
  • Laundry Room
  • 2-minute walk to Cabral Park

About This Home

As of April 2019

Beautiful and well-maintained 3 family with attached off-street parking lot right in the heart of the Wickenden Street walking corridor; full of boutiques, hip coffee shops, salons, and art and antique galleries. Just a stone's throw to India Point Park! Roof is 2 years old. Updated electric and plumbing. 2 new water heaters. Laundry machines in the basement. 8% Cap Rate, and room to raise rents. Great opportunity for investors and for folks looking to live to own. Lots of pretty hardwoods in the units, tall ceilings, and handsome accents. Rare opportunity in an excellent neighborhood. Recent comps on the street. Motivated seller.

Last Agent to Sell the Property

Nicholas Cicchitelli

Lenox Realty Group License #RES.0035382 Listed on: 07/31/2018

Last Buyer's Agent

Nicholas Cicchitelli

Lenox Realty Group License #RES.0035382 Listed on: 07/31/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,044

Year Built

  • Built in 1930

Lot Details

  • 3,200

Home Design

  • Vinyl Siding

Interior Spaces

  • 4,200 Sq Ft Home
  • Storage Room

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater

Additional Features

  • Walking Distance to Water
  • 3,200 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 173
  • Assessor Parcel Number 40EASTSTPROV

Community Details

Overview

  • 4 Units
  • Fox Point Subdivision

Building Details

  • Operating Expense $6,625

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,044

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Subdivision Name: Fox Point (East Side)
  • Above Grade Finished Sq Ft: 4200.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1930
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl
  • Dining Room Type: Laundry, Storage Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Paved Driveway

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 110 Volts
  • Electricity On Property: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3200.0
  • Parcel #: 40EASTSTPROV
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 6625.0

Tax Info

  • Tax Annual Amount: 6044.0
  • Tax Lot: 173
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2024
Sold by
Himmel Julie N
Bought by
40 East Llc
Current Estimated Value
$805,971

Purchase Details

Listed on
Jul 31, 2018
Closed on
Apr 2, 2019
Sold by
Wilks Benjamin T
Bought by
Himmel Julie N
Seller's Agent
Nicholas Cicchitelli
Lenox Realty Group
Buyer's Agent
Nicholas Cicchitelli
Lenox Realty Group
List Price
$479,000
Sold Price
$433,000
Premium/Discount to List
-$46,000
-9.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.20%
Original Mortgage
$324,750
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 18, 2015
Closed on
Aug 14, 2015
Sold by
Vieira Manuel M and Vieira Debra A
Bought by
Wilkes Benjamin T
Seller's Agent
Brenda Rebello-Reyes
Empire RE Group, ERA Powered
Buyer's Agent
Ralph Curti
Residential Properties Ltd.
List Price
$359,900
Sold Price
$330,000
Premium/Discount to List
-$29,900
-8.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%
Original Mortgage
$270,000
Interest Rate
4.08%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
40 East Llc -- None Available
40 East Llc -- None Available
Himmel Julie N $433,000 --
Himmel Julie N $433,000 --
Wilkes Benjamin T $330,000 --
Wilkes Benjamin T $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Himmel Julie N $324,750
Previous Owner Wilkes Benjamin T $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2019 04/02/19 Sold $433,000 -9.6% $103 / Sq Ft
03/03/2019 03/03/19 Pending -- -- --
07/31/2018 07/31/18 For Sale $479,000 +45.2% $114 / Sq Ft
08/14/2015 08/14/15 Sold $330,000 -8.3% $131 / Sq Ft
07/15/2015 07/15/15 Pending -- -- --
06/18/2015 06/18/15 For Sale $359,900 -- $143 / 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 $11,472 $625,200 $332,600 $292,600
2023 $11,472 $625,200 $332,600 $292,600
2022 $11,129 $625,200 $332,600 $292,600
2021 $9,993 $406,900 $211,100 $195,800
2020 $9,993 $406,900 $211,100 $195,800
2019 $9,993 $406,900 $211,100 $195,800
2018 $10,035 $314,000 $194,700 $119,300
2017 $10,035 $314,000 $194,700 $119,300
2016 $10,035 $314,000 $194,700 $119,300
2015 $8,983 $271,400 $194,700 $76,700
2014 $9,160 $271,400 $194,700 $76,700
2013 $9,160 $271,400 $194,700 $76,700
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2019

    Nicholas Cicchitelli

    Lenox Realty Group

    (401) 265-5901

    2 Total Sales

    Section Image
  • Marjorie Levy

    Buyer Co-Listing Agent in 2019

    Marjorie Levy

    Coldwell Banker Realty

    (339) 364-0755

    21 Total Sales

    Section Image

  • B

    Seller's Agent in 2015

    Brenda Rebello-Reyes

    Empire RE Group, ERA Powered

    Section Image
  • Ralph Curti

    Buyer's Agent in 2015

    Ralph Curti

    Residential Properties Ltd.

    (401) 439-1770

    5 in this area

    45 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1199743

State-Wide MLS

APN: PROV-170173-000000-000000

Rhode Island Providence County Providence 02903 Fox Point

40 East St, Providence, RI

This home is located at 40 East St, Providence, RI 02906 since 31 July 2018 and is currently estimated at $822,978, approximately $195 per square foot. This property was built in 1930. 40 East St is a home located in Providence County with nearby schools including Asa Messer Elementary School, Charles N. Fortes Elementary School, and Robert L. Bailey IV Elementary.

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