A
Seller's Agent in 2024
Ariana Melendez
Arista Realty Group
(978) 853-2582
2 in this area
14 Total Sales
40 Hawthorne Ave Cranston, RI 02910
Eden Park NeighborhoodEstimated Value: $596,000 - $866,446
6
Beds
3
Baths
3,227
Sq Ft
$235/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Laundry Room
- Heating Available
- Porch
- Fenced
About This Home
As of February 2024This is an amazing opportunity to own a 3 unit multi-family in the heart of Cranston offering three renovated units. Owner occupied and meticulously maintained, this property is located conveniently near Rolfe Square, Reservoir Ave., and Garden City. The area offers an abundance of amenities, delicious restaurants, shops and boutiques, along with quick access to highway. The units are designed with modern kitchens that include stainless steel appliances, espresso cabinetry, granite countertops, and a sizable buffet island for eating or prep space. Off the kitchen, you're welcomed into a generous sized bathroom with sink and vanity, tub and shower, and newly tiled flooring. Units offer original hardwood floors, two generous sized bedrooms with good amounts of closet space. The exterior of the property needs no maintenance and proves to be a turnkey investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,473
Year Built
- Built in 1919 | Remodeled
Lot Details
- 3,920 Sq Ft Lot
- Fenced
- Cleared Lot
Home Design
- 3,227 Sq Ft Home
- Triplex
- Brick Foundation
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Kitchen
- Microwave
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 8 Car Parking Spaces
- Common or Shared Parking
- Stone Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Porch
Utilities
- 3 Heating Zones
- Heating Available
- 100 Amp Service
- Natural Gas Connected
Listing and Financial Details
- Total Actual Rent $3,450
- Rent includes unit 2(water), unit 3(water)
- Assessor Parcel Number 432050
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Net Operating Income $41,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 31, 2022
Closed on
Jul 18, 2022
Sold by
Harrington Realty Llc
Bought by
Rafique Saood
Seller's Agent
Kyle Seyboth
Century 21 Limitless
Buyer's Agent
Ariana Melendez
Arista Realty Group
List Price
$695,000
Sold Price
$710,000
Premium/Discount to List
$15,000
2.16%
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
$48,612
Avg. Annual Appreciation
1.86%
Original Mortgage
$541,310
Outstanding Balance
$519,436
Interest Rate
5.09%
Mortgage Type
FHA
Estimated Equity
$234,989
Purchase Details
Closed on
Aug 2, 2018
Sold by
Lehman Robert and Lehman Janice
Bought by
Harrington Realty Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.5%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Rafique Saood | $654,000 | None Available | |
| Harrington Realty Llc | $130,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rafique Saood | $541,310 | |
| Previous Owner | Harrington Realty Llc | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/21/2024 02/21/24 | Sold | $690,000 | 0.0% | $214 / Sq Ft |
| 01/07/2024 01/07/24 | Pending | -- | -- | -- |
| 01/02/2024 01/02/24 | Price Changed | $690,000 | -8.0% | $214 / Sq Ft |
| 11/08/2023 11/08/23 | For Sale | $749,900 | +5.6% | $232 / Sq Ft |
| 06/10/2022 06/10/22 | Sold | $710,000 | +2.2% | $220 / Sq Ft |
| 04/26/2022 04/26/22 | Pending | -- | -- | -- |
| 04/15/2022 04/15/22 | For Sale | $695,000 | 0.0% | $215 / Sq Ft |
| 03/01/2022 03/01/22 | Pending | -- | -- | -- |
| 01/31/2022 01/31/22 | For Sale | $695,000 | -- | $215 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $8,461 | $621,700 | $103,800 | $517,900 |
| 2023 | $6,473 | $342,500 | $68,300 | $274,200 |
| 2022 | $6,340 | $342,500 | $68,300 | $274,200 |
| 2021 | $5,870 | $326,100 | $68,300 | $257,800 |
| 2020 | $4,596 | $221,300 | $65,100 | $156,200 |
| 2019 | $4,534 | $218,300 | $65,100 | $153,200 |
| 2018 | $4,429 | $218,300 | $65,100 | $153,200 |
| 2017 | $4,081 | $177,900 | $58,600 | $119,300 |
| 2016 | $3,994 | $177,900 | $58,600 | $119,300 |
| 2015 | $3,994 | $177,900 | $58,600 | $119,300 |
| 2014 | $3,542 | $155,100 | $58,600 | $96,500 |
Source: Public Records
Agents Affiliated with this Home
-
Ariana Melendez
-
Joe Fitzpatrick
Buyer's Agent in 2024
Joe Fitzpatrick
RE/MAX Results
(401) 835-2045
5 in this area
700 Total Sales
-
Kyle Seyboth
Seller's Agent in 2022
Kyle Seyboth
Century 21 Limitless
(508) 726-3492
14 in this area
1,896 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73178428
APN: CRAN-000009-000003-001129
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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