NOT LISTED FOR SALE

40 Strathmore Rd Cranston, RI 02905

Edgewood Neighborhood

Estimated Value: $845,000 - $1,033,000

4 Beds
2 Baths
2,947 Sq Ft
$315/Sq Ft Est. Value

Last Sold December 16, 2014

Last sale price $465,000 $158 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $5,759/month

Highlights

  • Marina
  • Marble Flooring
  • Workshop
  • Water Views
  • Game Room
  • 2-minute walk to Stillhouse Cove Gaspee Memorial

About This Home

As of December 2014

Full reconfiguration and restoration of historic Edgewood home. Entered for Comp purposes only.

Last Agent to Sell the Property

Rita Danielle Steele

Steele Realty Consultants LLC License #REC.0016648 Listed on: 12/16/2014

Last Buyer's Agent

Barbara Dacey

Residential Properties Ltd. License #RES.0027542

Residential Properties Ltd.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,210

Year Built

  • Built in 1927

Lot Details

  • 6,500

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Bungalow
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Fireplace Features Masonry
  • Game Room
  • Workshop
  • Storage Room
  • Utility Room
  • Water Views
  • Storm Windows

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Walking Distance to Water
  • 6,500 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 3628
  • Assessor Parcel Number 40STRATHMORERDCRAN

Community Details

Overview

  • Edgewood Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,210

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1492
  • Subdivision Name: EDGEWOOD
  • Above Grade Finished Sq Ft: 2165.0
  • Architectural Style: Bungalow
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1927
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Tankless Water Heater
  • Has Basement: Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 782.0
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Marble
  • Living Area: 2947.0
  • Dining Room Type: Game Room, Storage Room, Utility Room, Workshop
  • Stories: 2
  • Window Features: Storm Window(s)

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Shingle Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas, Hydro Air
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 6500.0
  • Parcel #: 40STRATHMORERDCRAN

Tax Info

  • Tax Annual Amount: 6210.0
  • Tax Lot: 3628
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2014
Closed on
Dec 16, 2014
Sold by
Potsidis George
Bought by
Memery Raymond E and Forleo Alissa M
Seller's Agent
Rita Danielle Steele
Steele Realty Consultants LLC
Buyer's Agent
Barbara Dacey
Residential Properties Ltd.
List Price
$469,000
Sold Price
$465,000
Premium/Discount to List
-$4,000
-0.85%
Current Estimated Value
$929,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$464,359
Avg. Annual Appreciation
6.51%
Original Mortgage
$372,000
Outstanding Balance
$284,754
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$644,605

Purchase Details

Listed on
Jun 24, 2014
Closed on
Aug 18, 2014
Sold by
Bernard J Lovely Est
Bought by
Potsidis George
Seller's Agent
Bruce Lane
Lane Ceceri Group
Buyer's Agent
Rita Steele
Geo Properties, Inc.
List Price
$279,900
Sold Price
$220,000
Premium/Discount to List
-$59,900
-21.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
865.92%
Original Mortgage
$300,000
Interest Rate
4.09%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Memery Raymond E $465,000 --
Potsidis George $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Potsidis George $372,000
Previous Owner Potsidis George $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/16/2014 12/16/14 Sold $465,000 -0.9% $158 / Sq Ft
12/16/2014 12/16/14 For Sale $469,000 +113.2% $159 / Sq Ft
08/18/2014 08/18/14 Sold $220,000 -21.4% $106 / Sq Ft View Prior Sale
07/19/2014 07/19/14 Pending -- -- --
06/25/2014 06/25/14 For Sale $279,900 -- $135 / 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
2025 $10,614 $764,700 $209,700 $555,000
2024 $10,408 $764,700 $209,700 $555,000
2023 $10,248 $542,200 $151,500 $390,700
2022 $10,036 $542,200 $151,500 $390,700
2021 $9,760 $542,200 $151,500 $390,700
2020 $9,430 $454,000 $141,200 $312,800
2019 $9,430 $454,000 $141,200 $312,800
2018 $9,212 $454,000 $141,200 $312,800
2017 $9,048 $394,400 $130,800 $263,600
2016 $8,854 $394,400 $130,800 $263,600
2015 $8,854 $394,400 $130,800 $263,600
2014 $6,210 $271,900 $123,900 $148,000
Source: Public Records

Agents Affiliated with this Home

  • Bruce Lane

    Seller's Agent in 2014

    Bruce Lane

    Lane Ceceri Group

    (401) 419-1912

    2 in this area

    256 Total Sales

    Bruce Lane
    Section Image

  • R

    Seller's Agent in 2014

    Rita Danielle Steele

    Steele Realty Consultants LLC

    Section Image

  • R

    Buyer's Agent in 2014

    Rita Steele

    Geo Properties, Inc.

  • Barbara Dacey

    Buyer's Agent in 2014

    Barbara Dacey

    Residential Properties Ltd.

    (401) 553-6322

    32 in this area

    128 Total Sales

    Barbara Dacey
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1085128

State-Wide MLS

APN: CRAN-000002-000002-003628

Rhode Island Providence County Cranston 02905 Edgewood

40 Strathmore Rd, Cranston, RI

Not Listed for Sale

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