J
Seller's Agent in 2023
Jeffrey Infante
Real Broker MA, LLC
40 Melrose St Providence, RI 02907
Elmwood NeighborhoodEstimated Value: $573,883
5
Beds
4.5
Baths
3,500
Sq Ft
$164/Sq Ft
Est. Value
About This Home
As of September 2023This property offers a rare opportunity to acquire and establish a daycare center with over 2900 sq. ft. of space, perfect for serving preschool children. The MorningStar program, along with an after-school program, provides a comprehensive learning experience for children. The property features four sections of open space, a private faculty room, and an on-site management office. The fenced yard provides a safe area for children to play, while security cameras and a secure entrance ensure the safety of all visitors and staff. The building is also equipped with fire alarm systems and interior sprinklers, providing an added layer of safety. In addition to the daycare center, the property also includes two residential units on top, providing an opportunity for additional income. This is truly a great beginning for an early learning center, and an amazing opportunity not to be missed.
Last Agent to Sell the Property
Jeffrey Infante
Real Broker MA, LLC Listed on: 07/07/2023
Last Buyer's Agent
Samuel Alba
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,154
Year Built
- Built in 1911
Lot Details
- 5,000 Sq Ft Lot
Home Design
- Triplex
- Block Foundation
- Concrete Perimeter Foundation
Interior Spaces
- 3,500 Sq Ft Home
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
Community Details
- 3 Units
- Property has 1 Level
Listing and Financial Details
- Assessor Parcel Number 73853
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 7, 2023
Closed on
Sep 6, 2023
Sold by
Latino Consulting Inc
Bought by
40 Melrose Llc
Seller's Agent
Jeffrey Infante
Real Broker MA, LLC
Buyer's Agent
Samuel Alba
List Price
$499,900
Sold Price
$508,000
Premium/Discount to List
$8,100
1.62%
Views
114
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
$65,883
Avg. Annual Appreciation
7.51%
Original Mortgage
$431,000
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 13, 2005
Sold by
Henderson Ramon A and Henderson Lutgarda M
Bought by
Latino Consulting Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.79%
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 |
|---|---|---|---|
| 40 Melrose Llc | $508,000 | None Available | |
| Latino Consulting Inc | $320,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 40 Melrose Llc | $416,250 | |
| Closed | 40 Melrose Llc | $431,000 | |
| Previous Owner | Latino Consulting Inc | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2023 09/04/23 | Sold | $508,000 | +1.6% | $145 / Sq Ft |
| 08/13/2023 08/13/23 | Pending | -- | -- | -- |
| 07/26/2023 07/26/23 | For Sale | $499,900 | 0.0% | $143 / Sq Ft |
| 07/14/2023 07/14/23 | Pending | -- | -- | -- |
| 07/07/2023 07/07/23 | For Sale | $499,900 | -- | $143 / 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 | $10,530 | $300,000 | $53,100 | $246,900 |
| 2023 | $10,530 | $300,000 | $53,100 | $246,900 |
| 2022 | $10,620 | $300,000 | $53,100 | $246,900 |
| 2021 | $8,155 | $222,200 | $42,000 | $180,200 |
| 2020 | $8,155 | $222,200 | $42,000 | $180,200 |
| 2019 | $8,155 | $222,200 | $42,000 | $180,200 |
| 2018 | $8,852 | $241,200 | $42,000 | $199,200 |
| 2017 | $6,158 | $167,800 | $42,000 | $125,800 |
| 2016 | $6,158 | $167,800 | $42,000 | $125,800 |
| 2015 | -- | $154,100 | $40,000 | $114,100 |
| 2014 | -- | $154,100 | $40,000 | $114,100 |
| 2013 | -- | $154,100 | $40,000 | $114,100 |
Source: Public Records
Agents Affiliated with this Home
-
-
S
Buyer's Agent in 2023
Samuel Alba
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73133108
APN: PROV-490209-000000-000000
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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