NOT LISTED FOR SALE

401 Waterman Ave East Providence, RI 02914

Carpenters Corner Neighborhood

Estimated Value: $404,000 - $455,000

2 Beds
2 Baths
1,444 Sq Ft
$295/Sq Ft Est. Value

Last Sold July 22, 2024

Last sale price $400,000 $277 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,630/month

27 Days on Market

Highlights

  • Deck
  • Recreation Facilities
  • Thermal Windows
  • Corner Lot
  • 2 Car Detached Garage
  • Window Unit Cooling System

About This Home

As of July 2024

Sweet two-unit home on a corner lot, close to everything! The property has two one bedroom units and possible expansion in basement to create more living space as it is already plumbed for a third bathroom. Large deck off the owners unit overlooks a pretty fenced yard. Two car detached garage offers more parking and plenty of storage. This is the perfect home for a first time homebuyer looking for income production. Disclosures available upon request.

Last Agent to Sell the Property

Mary Beth Rossi

HomeSmart Professionals Brokerage Phone: 401-921-5011 License #RES.0045486 Listed on: 05/08/2024

HomeSmart Professionals

Last Buyer's Agent

Matthew Azadnia

Century 21 Signature Prop. License #RES.0047854

Century 21 Signature Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,700

Year Built

  • Built in 1930

Lot Details

  • 6,534 Sq Ft Lot
  • Fenced
  • Corner Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 1,444 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Thermal Windows
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 18 / 102
  • Assessor Parcel Number 401WATERMANAVEPRO

Community Details

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Recreation Facilities

Additional Features

  • 2 Units
  • Operating Expense $5,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,700

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Inclusions: Taxes reflect 14% homestead exemption. Tax rate is $14.76 per thousand, $4445 without exemption.
  • Above Grade Finished Sq Ft: 1444.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1930
  • Attribution Contact: 401-921-5011
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Exhaust Fan, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Tub Shower
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Deck
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: 401WATERMANAVEPRO
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 5000.0

Tax Info

  • Tax Annual Amount: 3700.0
  • Tax Block: 102
  • Tax Lot: 18
  • Tax Map Number: 306
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
Jul 20, 2024
Sold by
Murphy Charles M
Bought by
Azadnia Matthew
Seller's Agent
Mary Beth Rossi
HomeSmart Professionals
Buyer's Agent
Matthew Azadnia
Century 21 Signature Prop.
List Price
$370
Sold Price
$400,000
Premium/Discount to List
$399,630
108037.33%
Views
5
Current Estimated Value
$412,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,088
Avg. Annual Appreciation
2.98%
Original Mortgage
$392,755
Outstanding Balance
$389,915
Interest Rate
6.6%
Mortgage Type
FHA
Estimated Equity
$22,859

Purchase Details

Closed on
Jul 25, 1994
Sold by
Darocha Constance
Bought by
Murphy Charles M
Source: Public Records

Range of Values:

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Average Value
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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
Azadnia Matthew $400,000 None Available
Azadnia Matthew $400,000 None Available
Murphy Charles M $100,000 --
Murphy Charles M $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Azadnia Matthew $392,755
Closed Azadnia Matthew $392,755
Previous Owner Murphy Charles M $38,100
Previous Owner Murphy Charles M $27,000
Previous Owner Murphy Charles M $185,500
Previous Owner Murphy Charles M $182,000
Previous Owner Murphy Charles M $54,000
Previous Owner Murphy Charles M $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2024 07/22/24 Sold $400,000 +108037.3% $277 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/08/2024 05/08/24 For Sale $370 -- $0 / 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 $4,616 $301,100 $81,300 $219,800
2023 $4,444 $301,100 $81,300 $219,800
2022 $3,944 $180,400 $46,000 $134,400
2021 $3,879 $180,400 $41,100 $139,300
2020 $3,714 $180,400 $41,100 $139,300
2019 $3,612 $180,400 $41,100 $139,300
2018 $3,514 $153,600 $43,000 $110,600
2017 $3,436 $153,600 $43,000 $110,600
2016 $3,419 $153,600 $43,000 $110,600
2015 $3,390 $147,700 $34,800 $112,900
2014 $3,390 $147,700 $34,800 $112,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Mary Beth Rossi

    HomeSmart Professionals

    Section Image

  • M

    Buyer's Agent in 2024

    Matthew Azadnia

    Century 21 Signature Prop.

    (508) 542-1566

    4 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1358113

State-Wide MLS

APN: EPRO-000306-000018-000012

Rhode Island Providence County East Providence 02914 Carpenters Corner

401 Waterman Ave, East Providence, RI

This home is located at 401 Waterman Ave, East Providence, RI 02914 since 08 May 2024 and is currently estimated at $426,384, approximately $295 per square foot. This property was built in 1930. 401 Waterman Ave is a home located in Providence County with nearby schools including East Providence High School, Ocean State Montessori School, and The Gordon School.

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