$495,000
SOLD JUN 3, 2024

42 Orchard St Unit 44 East Providence, RI 02914

4 Beds
2 Baths
1,496 Sq Ft
3,505 Sq Ft Lot

Recently Sold

$331 Per Sq Ft

1% Below List Price

7 Days on Market

Highlights

  • Attic
  • 2 Car Detached Garage
  • Security System Owned
  • Home Office
  • Porch
  • Laundry Room

About This Home

As of June 2024

Great 2 family centrally located to the schools, shops, restaurants and highway access. The 1st floor owners unit has been beautifully remodeled with stylish modern upgrades. You can close on the home and move right in. Each unit is 2 bed 1 bath. The 2nd floor unit has been updated. 2nd floor long term tenants that are currently month to month. The property sits on a corner lot and offers a spacious back yard with a separate 2 car garage with alarm and security cameras. Coin-op laundry in the basement along with a finished office space currently used by the owner on the 1st floor.

Last Agent to Sell the Property

Stephanie Corsetti

Alliance Real Estate Group LLC License #REB.0016742 Listed on: 03/25/2024

Last Buyer's Agent

Brianna Bienkiewicz

Century 21 Guardian Realty License #RES.0044189

Century 21 Guardian Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,129

Year Built

  • Built in 1920

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Stone Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 1,496 Sq Ft Home
  • 2-Story Property
  • Home Office
  • Security System Owned
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

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

Utilities

  • Whole House Fan
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Porch
  • 3,505 Sq Ft Lot

Community Details

  • 2 Buildings
  • 2 Units
  • Watchemocket Subdivision

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 017
  • Assessor Parcel Number 4244ORCHARDSTEPRO

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,129

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0805
  • Inclusions: 1st floor owner occupied. 2nd floor tenants are month to month. 14% owner occupied Tax homestead exemption. 2nd floor tenants pay $1100/month in rent. No annual expense list available from seller.
  • Subdivision Name: Watchemocket
  • Above Grade Finished Sq Ft: 1496.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Attic, Bathtub
  • Dining Room Type: Laundry, Office
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Stone
  • Patio And Porch Features: Porch

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Security: Security System Owned
  • Cooling: None, Whole House Fan
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3505.0
  • Parcel #: 4244ORCHARDSTEPRO
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4129.0
  • Tax Lot: 017
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2024
Closed on
Jun 3, 2024
Sold by
Aceto Giulio R
Bought by
Arsenault Shawn J
Seller's Agent
Stephanie Corsetti
Alliance Real Estate Group LLC
Buyer's Agent
Brianna Bienkiewicz
Century 21 Guardian Realty
List Price
$499,900
Sold Price
$495,000
Premium/Discount to List
-$4,900
-0.98%
Views
30
Current Estimated Value
$474,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,698
Avg. Annual Appreciation
-2.30%
Original Mortgage
$510,750
Outstanding Balance
$506,534
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$24,832

Purchase Details

Closed on
Jan 31, 2020
Sold by
Watson Ernest N and Watson Fernanda M
Bought by
Raceto Giulio R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,033
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 30, 2017
Closed on
Oct 31, 2017
Sold by
Brum Theodore and Brum Fernanda M
Bought by
Watson Ernest N and Watson Fernanda M
Seller's Agent
Jeffrey Mateus
Mateus Realty
Buyer's Agent
Karl Martone
RE/MAX Properties
List Price
$189,900
Sold Price
$157,500
Premium/Discount to List
-$32,400
-17.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.50%
Original Mortgage
$118,125
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2003
Sold by
Tavares Kevin
Bought by
Brum Theodore and Brum Fernanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 1988
Sold by
Carlos Antonio
Bought by
Mutter Steven
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $500,000 None Available
Warranty Deed $500,000 None Available
Warranty Deed $291,000 None Available
Warranty Deed $291,000 None Available
Warranty Deed $157,500 --
Warranty Deed $157,500 --
Deed $170,000 --
Deed $170,000 --
Warranty Deed $130,000 --
Warranty Deed $130,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $510,750 Purchase Money Mortgage
Closed $510,750 Purchase Money Mortgage
Previous Owner $215,033 FHA
Previous Owner $118,125 New Conventional
Previous Owner $136,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2024 06/03/24 Sold $495,000 -1.0% $331 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
03/25/2024 03/25/24 For Sale $499,900 +217.4% $334 / Sq Ft
10/31/2017 10/31/17 Sold $157,500 -17.1% $105 / Sq Ft
10/01/2017 10/01/17 Pending -- -- --
08/30/2017 08/30/17 For Sale $189,900 -- $127 / 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 $4,289 $279,800 $69,800 $210,000
2023 $4,130 $279,800 $69,800 $210,000
2022 $3,902 $178,500 $41,500 $137,000
2021 $3,838 $178,500 $36,900 $141,600
2020 $3,675 $178,500 $36,900 $141,600
2019 $3,574 $178,500 $36,900 $141,600
2018 $3,430 $149,900 $38,500 $111,400
2017 $3,353 $149,900 $38,500 $111,400
2016 $3,337 $149,900 $38,500 $111,400
2015 $3,220 $140,300 $31,200 $109,100
2014 $3,220 $140,300 $31,200 $109,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1355372

State-Wide MLS

APN: EPRO-000106-000009-000017