R
Seller's Agent in 2022
Richard Abruzzini
Worldnet Real Estate Group
(401) 954-0642
1 in this area
6 Total Sales
41 Summit Ave West Warwick, RI 02893
Lippitt-Harris NeighborhoodEstimated Value: $405,303 - $441,000
2
Beds
1
Bath
2,000
Sq Ft
$212/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- Bathtub
- Property is near public transit and schools
- Balcony
- Crown Molding
About This Home
As of January 2022Great Investment opportunity providing reliable and steady income with great potential for capital appreciation and or instant equity conversion. Where can you get a multi-family property for under $300,000 that only needs light cosmetic work in order to make it turn key?
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,527
Year Built
- Built in 1910
Lot Details
- 10,018 Sq Ft Lot
- Cleared Lot
Home Design
- Duplex
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,000 Sq Ft Home
- Property has 1 Level
- Crown Molding
- Family Room
- Living Room
- Storage
- Washer and Dryer Hookup
- Range
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
- Bathtub
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 4 Car Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Balcony
- Deck
- Patio
Location
- Property is near public transit and schools
Utilities
- Window Unit Cooling System
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- 100 Amp Service
Community Details
- 2 Units
- Coin Laundry
- Net Operating Income $27,000
Listing and Financial Details
- Total Actual Rent $2,250
- Rent includes unit 1(heat electric water hot water), unit 2(heat electric water hot water)
- Assessor Parcel Number 340280
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 18, 2021
Closed on
Jan 5, 2022
Sold by
Cassiere Alisa J
Bought by
Gomes Jussara
Seller's Agent
Richard Abruzzini
Worldnet Real Estate Group
Buyer's Agent
Cheyann Abrek
Westcott Properties
Sold Price
$260,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,326
Avg. Annual Appreciation
12.69%
Original Mortgage
$251,322
Outstanding Balance
$231,655
Interest Rate
3.12%
Mortgage Type
FHA
Estimated Equity
$192,671
Purchase Details
Closed on
Nov 9, 2004
Sold by
Matthia Dorothy V
Bought by
Lancellotta Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 1, 2002
Sold by
Medeiros Patricia A
Bought by
Cassiere Alisa J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,205
Interest Rate
6.25%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gomes Jussara | $260,000 | None Available | |
| Lancellotta Robert | $300,000 | -- | |
| Cassiere Alisa J | $148,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gomes Jussara | $251,322 | |
| Previous Owner | Cassiere Alisa J | $173,000 | |
| Previous Owner | Cassiere Alisa J | $300,000 | |
| Previous Owner | Cassiere Alisa J | $146,205 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/10/2022 01/10/22 | Sold | $260,000 | -1.9% | $130 / Sq Ft |
| 11/21/2021 11/21/21 | Pending | -- | -- | -- |
| 11/01/2021 11/01/21 | For Sale | -- | -- | -- |
| 10/21/2021 10/21/21 | Pending | -- | -- | -- |
| 08/18/2021 08/18/21 | For Sale | $265,000 | -- | $133 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $5,477 | $358,200 | $87,500 | $270,700 |
| 2024 | $5,468 | $267,100 | $71,500 | $195,600 |
| 2023 | $5,361 | $267,100 | $71,500 | $195,600 |
| 2022 | $4,818 | $267,100 | $71,500 | $195,600 |
| 2021 | $4,253 | $184,900 | $60,100 | $124,800 |
| 2020 | $5,527 | $184,900 | $60,100 | $124,800 |
| 2019 | $5,421 | $184,900 | $60,100 | $124,800 |
| 2018 | $5,511 | $156,400 | $57,500 | $98,900 |
| 2017 | $4,115 | $156,400 | $57,500 | $98,900 |
| 2016 | $4,041 | $156,400 | $57,500 | $98,900 |
| 2015 | $3,707 | $142,800 | $57,500 | $85,300 |
| 2014 | $3,626 | $142,800 | $57,500 | $85,300 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Abruzzini
-
Cheyann Abrek
Buyer's Agent in 2022
Cheyann Abrek
Westcott Properties
(203) 258-9038
2 in this area
18 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72883466
APN: WWAR-000002-000347-000000
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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