NOT LISTED FOR SALE

401 Academy Ave Unit 403 Providence, RI 02908

Elmhurst Neighborhood

Estimated Value: $562,534 - $691,000

5 Beds
3 Baths
2,508 Sq Ft
$252/Sq Ft Est. Value

Last Sold August 02, 2016

Last sale price $205,000 $82 Per Sq Ft

Est. 208% increase in value since last sale

Current estimated payment $3,934/month

184 Days on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • Baseboard Heating
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of August 2016

TURN KEY ELMHURST / PV PARKWAY INVESTMENT! ALL APARTMENTS ARE MOVE IN CONDITION - LONG TERM TENANTS. MANY INTERIOR AND EXTERIOR UPDATES INCLUDING PLUMBING, ELECTRIC, WINDOWS. QUICK ACCESS TO 95 & RT 6, ETC. GREAT MONEY MAKER, COMPLETE P&L INCLUDED

Last Agent to Sell the Property

James Luth

HERE Realty License #REC.0018744 Listed on: 12/31/2015

Last Buyer's Agent

Sharon Moylan

Armory Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,882

Year Built

  • Built in 1922

Lot Details

  • 5,000 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Aluminum Siding

Interior Spaces

  • 2,508 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 53
  • Assessor Parcel Number 401ACADEMYAVPROV

Community Details

Overview

  • 3 Units
  • Elmhurst Subdivision

Building Details

  • Operating Expense $8,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,882

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Subdivision Name: ELMHURST
  • Above Grade Finished Sq Ft: 2508.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Living Area: 2508.0
  • Stories: 3
  • Window Features: Thermal Windows

Exterior Features

  • Construction Type: Aluminum Siding
  • Foundation Details: See Remarks

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, Separate Meters
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5000.0
  • Parcel #: 401ACADEMYAVPROV

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 8499.75

Tax Info

  • Tax Annual Amount: 4882.0
  • Tax Lot: 53
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2012
Closed on
Jun 27, 2013
Sold by
Roy Dylan P
Bought by
Needham Christopher A
Seller's Agent
Paul Zarrella
Williams & Stuart Real Estate
Buyer's Agent
Brian McGloin
Williams & Stuart Real Estate
List Price
$135,000
Sold Price
$115,000
Premium/Discount to List
-$20,000
-14.81%
Current Estimated Value
$631,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$516,134
Avg. Annual Appreciation
14.71%
Original Mortgage
$158,514
Interest Rate
3.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2001
Sold by
Ouellet Mark C
Bought by
Russo Joseph A
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
Needham Christopher A $115,000 --
Russo Joseph A $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russo Joseph A $130,000
Closed Needham Christopher A $158,514
Previous Owner Russo Joseph A $100,000
Previous Owner Russo Joseph A $160,000
Previous Owner Russo Joseph A $139,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2016 08/02/16 Sold $205,000 -14.5% $82 / Sq Ft
07/03/2016 07/03/16 Pending -- -- --
12/31/2015 12/31/15 For Sale $239,900 +108.6% $96 / Sq Ft
06/27/2013 06/27/13 Sold $115,000 -14.8% $42 / Sq Ft View Prior Sale
05/28/2013 05/28/13 Pending -- -- --
08/27/2012 08/27/12 For Sale $135,000 -- $50 / 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 $7,482 $534,400 $162,000 $372,400
2024 $6,714 $365,900 $105,300 $260,600
2023 $6,714 $365,900 $105,300 $260,600
2022 $6,513 $365,900 $105,300 $260,600
2021 $6,145 $250,200 $83,700 $166,500
2020 $6,145 $250,200 $83,700 $166,500
2019 $6,145 $250,200 $83,700 $166,500
2018 $5,746 $179,800 $67,300 $112,500
2017 $5,746 $179,800 $67,300 $112,500
2016 $5,746 $179,800 $67,300 $112,500
2015 $4,882 $147,500 $67,300 $80,200
2014 $4,978 $147,500 $67,300 $80,200
2013 $4,978 $147,500 $67,300 $80,200
Source: Public Records

Agents Affiliated with this Home

  • James Luth

    Seller's Agent in 2016

    James Luth

    HERE Realty

    (401) 862-9078

    1 in this area

    94 Total Sales

    James Luth
    Section Image

  • S

    Buyer's Agent in 2016

    Sharon Moylan

    Armory Properties

  • Paul Zarrella

    Seller's Agent in 2013

    Paul Zarrella

    Williams & Stuart Real Estate

    (401) 398-2100

    1 in this area

    132 Total Sales

    Paul Zarrella
    Section Image
  • Brian McGloin

    Buyer's Agent in 2013

    Brian McGloin

    Williams & Stuart Real Estate

    (401) 829-0318

    33 Total Sales

    Brian McGloin
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1114920

State-Wide MLS

APN: PROV-001160-000053-000000

Rhode Island Providence County Providence 02908 Elmhurst

401 Academy Ave Unit 403, Providence, RI

Not Listed for Sale

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