$1,150,000
SOLD JUN 2, 2017

40 Grotto Ave Providence, RI 02906

Blackstone Neighborhood
4 Beds
3.5 Baths
4,257 Sq Ft
0.28 Acres

Recently Sold

$270 Per Sq Ft

4% Below List Price

257 Days on Market

Highlights

  • Spa
  • Colonial Architecture
  • Marble Flooring
  • 0.28 Acre Lot
  • Deck
  • 4-minute walk to Blackstone Boulevard Park

About This Home

As of July 2023

Classic Colonial in the East Side's Finest Neighborhood. Full Restoration Completed in 2014, Original Details Preserved With All Modern Amenities. Spacious Yard with Walk to Water. Taxes Reflect Owner Occupied.

Last Agent to Sell the Property

Bryan McKeen

Geo Properties, Inc. License #RES.0041749 Listed on: 08/18/2016

Last Buyer's Agent

Tom Wegner

Residential Properties Ltd. License #RES.0041513

Residential Properties Ltd.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,299

Year Built

  • Built in 1900

Parking

  • 2 Car Detached Garage
  • Carport
  • Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 4,257 Sq Ft Home
  • 2-Story Property
  • 3 Fireplaces
  • Marble Fireplace
  • Fireplace Features Masonry
  • Thermal Windows
  • Storage Room

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Cedar Closet

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Home Security

  • Storm Windows
  • Storm Doors

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Hallway
  • Accessibility Features
  • Accessible Doors

Outdoor Features

  • Spa
  • Walking Distance to Water
  • Deck
  • Patio

Utilities

  • Central Air
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater

Additional Features

  • 0.28 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 194
  • Assessor Parcel Number 40GROTTOAVPROV

Community Details

Overview

  • Grotto Subdivision

Amenities

  • Shops
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,299

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2803
  • Subdivision Name: GROTTO
  • Above Grade Finished Sq Ft: 4257.0
  • Architectural Style: Colonial
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1900
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Accessibility Features: Accessibility Features, Accessible Full Bath, Accessible Doors, Accessible Hallway(s)
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry, Marble
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Hardwood, Marble
  • Interior Amenities: Cedar Closet(s)
  • Living Area: 4257.0
  • Dining Room Type: Storage Room
  • Stories: 2
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: Owner

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Brick, Clapboard
  • Exterior Features: Deck, Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Carport, Detached, Garage
  • Total Parking Spaces: 7.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Hydro Air
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12208.0
  • Parcel #: 40GROTTOAVPROV
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 13299.0
  • Tax Lot: 194
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2023
Closed on
Jun 7, 2023
Sold by
Henson Patrick R and Parker Cassandra S
Bought by
Bever Ivers and Bever Witherby H
Seller's Agent
Tom Wegner
Residential Properties Ltd.
Buyer's Agent
Geraldine Schiffman
Residential Properties, Ltd.
List Price
$1,645,000
Sold Price
$1,725,000
Premium/Discount to List
$80,000
4.86%
Views
69
Current Estimated Value
$2,128,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,923
Avg. Annual Appreciation
9.39%

Purchase Details

Listed on
Aug 18, 2016
Closed on
Jun 2, 2017
Sold by
Potsidis George
Bought by
Henson Patrick R and Parker Casandra S
Seller's Agent
Bryan McKeen
Geo Properties, Inc.
Buyer's Agent
Tom Wegner
Residential Properties Ltd.
List Price
$1,195,000
Sold Price
$1,150,000
Premium/Discount to List
-$45,000
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%
Original Mortgage
$920,000
Interest Rate
3.38%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 7, 2005
Sold by
Moeller Robert C
Bought by
Potsidis George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 $1,725,000 None Available
Warranty Deed $1,150,000 --
Deed $700,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $463,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $242,300 Stand Alone Refi Refinance Of Original Loan
Previous Owner $920,000 Adjustable Rate Mortgage/ARM
Previous Owner $442,500 No Value Available
Previous Owner $350,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2023 07/06/23 Sold $1,725,000 +4.9% $362 / Sq Ft
06/03/2023 06/03/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $1,645,000 +43.0% $345 / Sq Ft
06/02/2017 06/02/17 Sold $1,150,000 -3.8% $270 / Sq Ft
05/03/2017 05/03/17 Pending -- -- --
08/18/2016 08/18/16 For Sale $1,195,000 -- $281 / 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 $22,435 $1,222,600 $427,800 $794,800
2023 $22,435 $1,222,600 $427,800 $794,800
2022 $21,762 $1,222,600 $427,800 $794,800
2021 $24,538 $999,100 $345,700 $653,400
2020 $24,361 $991,900 $345,700 $646,200
2019 $24,361 $991,900 $345,700 $646,200
2018 $22,609 $707,400 $296,700 $410,700
2017 $22,609 $707,400 $296,700 $410,700
2016 $22,609 $707,400 $296,700 $410,700
2015 $22,518 $680,300 $314,200 $366,100
2014 $22,960 $680,300 $314,200 $366,100
2013 $22,960 $680,300 $314,200 $366,100
Source: Public Records

Agents Affiliated with this Home

  • Tom Wegner

    Seller's Agent in 2023

    Tom Wegner

    Residential Properties Ltd.

    (401) 245-9600

    4 in this area

    102 Total Sales

    Tom Wegner
    Section Image

  • G

    Buyer's Agent in 2023

    Geraldine Schiffman

    Residential Properties, Ltd.

  • G

    Buyer's Agent in 2023

    Gerri Schiffman

    Residential Properties Ltd.

    108 in this area

    295 Total Sales

    Gerri Schiffman
    Section Image

  • B

    Seller's Agent in 2017

    Bryan McKeen

    Geo Properties, Inc.

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1134586

State-Wide MLS

APN: PROV-410194-000000-000000

Rhode Island Providence County Providence 02906 Blackstone

40 Grotto Ave, Providence, RI

This home is located at 40 Grotto Ave, Providence, RI 02906 and is currently priced at $1,150,000, approximately $270 per square foot. This property was built in 1900. 40 Grotto Ave 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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