NOT LISTED FOR SALE

404 Benefit St Pawtucket, RI 02861

Darlington Neighborhood

Estimated Value: $507,641

3 Beds
4 Baths
3,744 Sq Ft
$136/Sq Ft Est. Value

Last Sold November 14, 2024

Last sale price $475,000 $127 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,692/month

21 Days on Market

Highlights

  • Golf Course Community
  • Bathtub with Shower
  • Public Transportation
  • Recreation Facilities
  • Storage Room
  • Shops

About This Home

As of November 2024

This unique opportunity would be a great addition to any investment portfolio. This property is located just a short distance to the highway for easy access to the cities of Providence or Boston. With great tenants in each of the 3 units, this property is a turn key building offering $5200 a month in rental income. The third floor apartment is a spacious 1 bedroom unit and the second floor apartment offers a spacious 2 bedroom unit. Both tenants would love to extend their current leases.
The first floor unit offers retail space that is currently occupied by The Happy Hour Bar. The two apartments are in great shape and the bar has recently been renovated.
**** The roof will be replaced with a 50 year warranties roof that is transferable to the new owner.
****lead Certs are also being worked on .

Last Agent to Sell the Property

Jason Gelfuso

J. Christopher Real Estate Grp License #RES.0041183 Listed on: 09/05/2024

Last Buyer's Agent

Joseph Amen

Oakmont Realty Group License #RES.0046797

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,655

Year Built

  • Built in 1900

Lot Details

  • 5,000 Sq Ft Lot
  • Fenced
  • Paved or Partially Paved Lot

Home Design

  • Block Foundation
  • Aluminum Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,744 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 8 Parking Spaces
  • No Garage

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 393
  • Assessor Parcel Number 404BENEFITSTPAWT

Community Details

Overview

  • 3 Units

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Golf Course Community
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,655

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Inclusions: @$220 per month for bar electric @60 per month for owners electric ( common space and water tanks ) @$2700 per year for oil @$130 a month sewer and water Bar pays dumpster, tenants use cans Fire system in place
  • Above Grade Finished Sq Ft: 3744.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Tub Shower, Cable TV
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Paved
  • Construction Type: Drywall, Aluminum Siding, Vinyl Siding
  • Foundation Details: Block, Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5000.0
  • Parcel #: 404BENEFITSTPAWT
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 5655.0
  • Tax Lot: 393
  • Tax Map Number: 4
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2024
Closed on
Nov 8, 2024
Sold by
Gallant Cynthia
Bought by
Jpa Properties Llc
Seller's Agent
Jason Gelfuso
J. Christopher Real Estate Grp
Buyer's Agent
Joseph Amen
Oakmont Realty Group
List Price
$545,000
Sold Price
$475,000
Premium/Discount to List
-$70,000
-12.84%
Views
27
Current Estimated Value
$507,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,641
Avg. Annual Appreciation
7.58%
Original Mortgage
$210,000
Outstanding Balance
$207,909
Interest Rate
6.12%
Mortgage Type
Commercial
Estimated Equity
$299,732

Purchase Details

Closed on
Jun 29, 2022
Sold by
Tootell William R
Bought by
Gallant Cynthia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 2019
Sold by
Shaw Barbara L
Bought by
Tootell Robert E and Tootell William R

Purchase Details

Closed on
Apr 3, 1997
Sold by
Nolette Roger R
Bought by
Shaw Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.5%
Mortgage Type
Commercial
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
Jpa Properties Llc $475,000 None Available
Jpa Properties Llc $475,000 None Available
Gallant Cynthia L $196,000 None Available
Tootell Robert E -- --
Shaw Barbara L $50,000 --
Shaw Barbara L $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jpa Properties Llc $210,000
Closed Jpa Properties Llc $210,000
Previous Owner Gallant Cynthia L $195,000
Previous Owner Shaw Barbara L $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2024 11/14/24 Sold $475,000 -12.8% $127 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/05/2024 09/05/24 For Sale $545,000 -- $146 / 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 -- $190,700 $67,000 $123,700
2023 $0 $188,700 $55,600 $133,100
2022 $0 $188,700 $55,600 $133,100
2021 $0 $188,700 $55,600 $133,100
2020 $0 $182,000 $55,600 $126,400
2019 $0 $182,000 $55,600 $126,400
2018 $0 $182,000 $55,600 $126,400
2017 $0 $177,500 $60,100 $117,400
2016 -- $177,500 $60,100 $117,400
2015 -- $177,500 $60,100 $117,400
2014 -- $191,900 $65,300 $126,600
Source: Public Records

Agents Affiliated with this Home

  • Jason Gelfuso

    Seller's Agent in 2024

    Jason Gelfuso

    J. Christopher Real Estate Grp

    (401) 250-3603

    3 in this area

    103 Total Sales

    Jason Gelfuso
    Section Image

  • J

    Buyer's Agent in 2024

    Joseph Amen

    Oakmont Realty Group

    (201) 218-3142

    2 in this area

    36 Total Sales

    Joseph Amen
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1367929

State-Wide MLS

APN: PAWT-000004-000000-000393

Rhode Island Providence County Pawtucket 02861 Darlington

404 Benefit St, Pawtucket, RI

This home is located at 404 Benefit St, Pawtucket, RI 02861 since 05 September 2024 and is currently estimated at $507,641, approximately $135 per square foot. This property was built in 1900. 404 Benefit St is a home located in Providence County with nearby schools including St Cecilia School and Dayspring Christian Academy.

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