NOT LISTED FOR SALE

401 Academy Ave Unit 403 Providence, RI 02908

Elmhurst Neighborhood

Estimated Value: $462,000 - $605,000

5 Beds
3 Baths
2,508 Sq Ft
$207/Sq Ft Est. Value

Last Sold August 02, 2016

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

Est. 153% increase in value since last sale

Current estimated payment $3,448/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
  • ResoLivingAreaSource: PublicRecords

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
  • 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
  • ResoLotSizeUnits: SquareFeet

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
$518,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,483
Avg. Annual Appreciation
13.73%
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

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Range of Values:

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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 Change Sq Ft Price
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
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
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

    111 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

    135 Total Sales

    Paul Zarrella
    Section Image
  • Brian McGloin

    Buyer's Agent in 2013

    Brian McGloin

    Williams & Stuart Real Estate

    (401) 829-0318

    32 Total Sales

    Brian McGloin
    Section Image
See All Agents

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

This home is located at 401 Academy Ave Unit 403, Providence, RI 02908 since 31 December 2015 and is currently estimated at $518,483, approximately $206 per square foot. This property was built in 1922. 401 Academy Ave Unit 403 is a home located in Providence County with nearby schools including Asa Messer Elementary School, Charles N. Fortes Elementary School, and Veazie Street Elementary School.

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