NOT LISTED FOR SALE

481 Academy Ave Providence, RI 02908

Elmhurst Neighborhood

Estimated Value: $544,623 - $834,000

8 Beds
3 Baths
3,257 Sq Ft
$229/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $755,000 $232 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,656/month

11 Days on Market

Highlights

  • 2 Car Detached Garage
  • Storage Room
  • Shops
  • Bathtub with Shower
  • Public Transportation
  • Property near a hospital

About This Home

As of March 2024

Location, location, location! This immaculate 3-unit is located in the Elmhurst area of Providence close to Providence College and LaSalle Academy. This over-sized three unit includes original gleaming hardwood floors throughout, new vinyl windows, new roof, separate utilities, Stain glass windows. Off street parking and a fenced in backyard area. Identical 1st and 2nd floor units with 3 bedrooms, remodeled kitchens and baths, and double parlor living spaces. Completely remodeled 2-bedroom unit on 3rd floor. all units include a dishwasher. Wonderful outdoor space and oversized driveway with 2-car garage. Great opportunity for owner-occupant or great additional to investors portfolio! Do not miss an opportunity to see this Providence gem! Public open house Sat and Sun 12-2.

Last Agent to Sell the Property

Kristie Belmont

HERE Realty License #RES.0045177 Listed on: 02/01/2024

Co-Listed By

Brendan Connole

Real Broker, LLC License #RES.0040880

Last Buyer's Agent

Kira Greene

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,149

Year Built

  • Built in 1938

Lot Details

  • 6,003 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 3,257 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number 481483ACADEMYAVPROV

Community Details

Overview

  • 3 Units
  • Elmhurst Subdivision

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,149

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1378
  • Co List Office Mls Id: RGEX
  • Co List Office Phone: 401-642-0093
  • Inclusions: AS-IS sale. All units currently occupied. No lease in place for occupying tenants. Currently collecting below market rent. Current rental comps around $2100-$2500 on the 3 Bed units.
  • Subdivision Name: Elmhurst
  • Above Grade Finished Sq Ft: 3257.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1938
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Other
  • Interior Amenities: Tub Shower
  • Dining Room Type: Storage Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Vinyl Siding, Wood Siding

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6003.0
  • Parcel #: 481483ACADEMYAVPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 7149.0
  • Tax Lot: 38
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2023
Sold by
Sanders Donald A and Sanders Carolyn B
Bought by
Sanders Property Llc
Current Estimated Value
$745,906

Purchase Details

Closed on
Jun 24, 1998
Sold by
Mcguire Susan E
Bought by
Sanders Donald A and Sanders Carolyn B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,850
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sanders Property Llc -- None Available
Sanders Donald A $128,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanders Donald A $71,000
Previous Owner Sanders Donald A $240,000
Previous Owner Sanders Donald A $126,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2024 03/01/24 Sold $755,000 +7.9% $232 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $699,900 -- $215 / 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 $8,743 $624,500 $164,000 $460,500
2024 $7,149 $389,600 $106,600 $283,000
2023 $7,149 $389,600 $106,600 $283,000
2022 $6,935 $389,600 $106,600 $283,000
2021 $6,354 $258,700 $85,900 $172,800
2020 $6,354 $258,700 $85,900 $172,800
2019 $6,354 $258,700 $85,900 $172,800
2018 $5,542 $173,400 $69,100 $104,300
2017 $5,542 $173,400 $69,100 $104,300
2016 $5,542 $173,400 $69,100 $104,300
2015 $5,200 $157,100 $69,100 $88,000
2014 $5,302 $157,100 $69,100 $88,000
2013 $5,302 $157,100 $69,100 $88,000
Source: Public Records

Agents Affiliated with this Home

  • Kristie Belmont

    Seller's Agent in 2024

    Kristie Belmont

    HERE Realty

    (401) 663-9664

    1 in this area

    60 Total Sales

    Kristie Belmont
    Section Image

  • B

    Seller Co-Listing Agent in 2024

    Brendan Connole

    Real Broker, LLC

    (401) 440-0482

    1 in this area

    27 Total Sales

    Brendan Connole
    Section Image
  • Kira Greene

    Buyer's Agent in 2024

    Kira Greene

    (401) 339-5621

    6 in this area

    395 Total Sales

    Kira Greene
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1351761

State-Wide MLS

APN: PROV-001160-000038-000000

Rhode Island Providence County Providence 02908 Elmhurst

481 Academy Ave, Providence, RI

Not Listed for Sale

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