NOT LISTED FOR SALE

404 Bullocks Point Ave Riverside, RI 02915

Riverside Neighborhood

Estimated Value: $533,951 - $681,000

5 Beds
2 Baths
3,798 Sq Ft
$155/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $408,000 $107 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,681/month

22 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • 1 Car Detached Garage
  • Golf Course Community
  • Tennis Courts
  • Bathtub with Shower

About This Home

As of November 2021

Spacious and full of character, this well kept 2 family is located in the Bullocks Point/Crescent Park coastal neighborhood of Riverside. Sitting on a large 10,500 sq ft lot, this 2 family is an incredible investment opportunity! The 1st floor unit is a 2 bed, 1 bath with original hardwoods, ceramic tile kitchen floor and new carpet in the master bedroom. The 2nd floor unit is a 3 bed, 1 bath and is updated throughout with cathedral ceilings and beams in the master bedroom, hardwood floors, updated kitchen with stainless appliances and attached porch to watch the fireworks in the summer or have your morning coffee. Both units are very well kept by current Tenants. Excellent Owner Occupant opportunity in December when the 1st floor becomes available or choose to keep renting the units out in this hot rental community and be cash positive each month. All utilities are separate and paid by Tenants (except for water) and each unit has its own washer and dryer hookups in the basement. Each unit also has its own driveway and completely separate entrances. Huge fenced in backyard with 3 locking gates and a fenced in vegetable garden and a spacious detached garage. Flowers bloom all over the property in the Spring along with many other beautiful plants planted by the Seller. 2 short blocks to the East Bay Bike Path, 10 minute walk to Sabin Point and the waterfront, 10 minute drive to 195. This property truly has it all! HIGHEST AND BEST DUE 10/4/21 by 12 pm

Last Agent to Sell the Property

Christopher Woodard

Keller Williams Coastal Listed on: 09/27/2021

Keller Williams Coastal

Last Buyer's Agent

Kyle Walker

RE/MAX Vantage License #RES.0044711

RE/MAX Vantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,951

Year Built

  • Built in 1890

Lot Details

  • 10,570

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Brick Foundation
  • Vinyl Siding

Interior Spaces

  • 3,798 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Water Heater

Additional Features

  • 10,570 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 005
  • Assessor Parcel Number 404BULLOCKSPOINTAVEPRO

Community Details

Overview

  • 2 Units
  • Bullocks Point Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,951

Year Built

Built in 1890

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2427
  • Subdivision Name: Bullocks Point
  • Above Grade Finished Sq Ft: 3798.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1890
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Brick/Mortar

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 10.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10570.0
  • Parcel #: 404BULLOCKSPOINTAVEPRO
  • Zoning: C1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4951.0
  • Tax Lot: 005
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2021
Closed on
Nov 19, 2021
Sold by
Decosta Jason
Bought by
Pelrine Brandon B and Pelrine Tiffany L
Seller's Agent
Christopher Woodard
Keller Williams Coastal
Buyer's Agent
Kyle Walker
RE/MAX Vantage
List Price
$399,900
Sold Price
$408,000
Premium/Discount to List
$8,100
2.03%
Current Estimated Value
$587,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,238
Avg. Annual Appreciation
9.51%
Original Mortgage
$324,000
Outstanding Balance
$296,890
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$290,348

Purchase Details

Listed on
Aug 14, 2017
Closed on
Oct 26, 2017
Sold by
Kwong Chee H
Bought by
Decosta Jason
Seller's Agent
Deb Jobin & Company
RE/MAX River's Edge - Bristol
Buyer's Agent
James Karalekas
List Price
$300,000
Sold Price
$290,000
Premium/Discount to List
-$10,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.75%
Original Mortgage
$279,837
Interest Rate
3.78%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 2, 2007
Sold by
Batty Kristen E
Bought by
Kwong Chee Hoe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 1993
Sold by
Prince Elaine G Est
Bought by
Batty Peter and Batty Kristen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pelrine Brandon B $408,000 None Available
Pelrine Brandon B $408,000 None Available
Decosta Jason $290,000 --
Decosta Jason $290,000 --
Kwong Chee Hoe $282,000 --
Kwong Chee Hoe $282,000 --
Batty Peter $60,000 --
Batty Peter $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pelrine Brandon B $324,000
Closed Pelrine Brandon B $324,000
Previous Owner Decosta Jason $279,837
Previous Owner Batty Peter $282,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/19/2021 11/19/21 Sold $408,000 +2.0% $107 / Sq Ft
10/20/2021 10/20/21 Pending -- -- --
09/27/2021 09/27/21 For Sale $399,900 +37.9% $105 / Sq Ft
10/26/2017 10/26/17 Sold $290,000 -3.3% $137 / Sq Ft View Prior Sale
09/26/2017 09/26/17 Pending -- -- --
08/14/2017 08/14/17 For Sale $300,000 -- $141 / 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 $7,213 $551,900 $126,200 $425,700
2024 $6,483 $422,900 $105,200 $317,700
2023 $6,242 $422,900 $105,200 $317,700
2022 $5,854 $267,800 $71,700 $196,100
2021 $5,758 $267,800 $69,900 $197,900
2020 $5,514 $267,800 $69,900 $197,900
2019 $5,361 $267,800 $69,900 $197,900
2018 $4,873 $213,000 $70,200 $142,800
2017 $4,765 $213,000 $70,200 $142,800
2016 $4,684 $210,400 $70,200 $140,200
2015 $4,714 $205,400 $71,500 $133,900
2014 $4,714 $205,400 $71,500 $133,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1291933

State-Wide MLS

APN: EPRO-000312-000061-000005