NOT LISTED FOR SALE

49 Grotto Ave Pawtucket, RI 02860

Fairlawn Neighborhood

Estimated Value: $566,000 - $654,187

8 Beds
3 Baths
3,684 Sq Ft
$164/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $485,000 $132 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,617/month

109 Days on Market

About This Home

As of March 2023

Calling all investors and owner-occupants! 49 Grotto Ave in Pawtucket is the ideal money-making property. Three units - 4 baths with potential in-law unit in basement. there is nothing to do except start earning that extra income! Each unit offers at least 1000 square feet of living, with three bedrooms and one bathrooms in the first two units, and two bedrooms and one bathroom in the third. This property has been very well maintained with fresh paint and new flooring throughout the building, with some kitchen updates as well. All units are fully rented at market value and ready to go. Plenty of off street parking for tenants, and conveniently located to Mineral Spring Ave and Route 95.

Last Agent to Sell the Property

Kyle Seyboth

Century 21 Limitless License #REC.0005226 Listed on: 10/28/2022

Century 21 Limitless

Last Buyer's Agent

Marcus Duviella

Divine Real Estate License #RES.0046545

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,524

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • 3,684 Sq Ft Home
  • Vinyl Siding

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

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

Community Details

  • 3 Units
  • Operating Expense $4,000

Listing and Financial Details

  • Tax Lot 0441
  • Assessor Parcel Number 49GROTTOAVPAWT

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,524

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.09
  • Above Grade Finished Sq Ft: 3684.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • ResoLivingAreaSource: Other

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.0
  • Parcel #: 49GROTTOAVPAWT
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 4000.0

Tax Info

  • Tax Annual Amount: 3524.0
  • Tax Lot: 0441
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2022
Closed on
Mar 17, 2023
Sold by
Oliveira Aron
Bought by
Roman-Mainon Ramon A
Seller's Agent
Kyle Seyboth
Century 21 Limitless
Buyer's Agent
Marcus Duviella
Divine Real Estate
List Price
$475,000
Sold Price
$485,000
Premium/Discount to List
$10,000
2.11%
Views
1
Current Estimated Value
$576,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,136
Avg. Annual Appreciation
7.35%
Original Mortgage
$476,215
Outstanding Balance
$463,299
Interest Rate
6.09%
Mortgage Type
FHA
Estimated Equity
$111,645

Purchase Details

Closed on
Jun 24, 2011
Sold by
Accrington Realty Llc
Bought by
Handyman Realty Corp

Purchase Details

Closed on
May 23, 2011
Sold by
Oliveira Aaron
Bought by
Accrington Realty Llc

Purchase Details

Closed on
Nov 9, 2009
Sold by
Handyman Realty Corp
Bought by
Oliveira Aaron

Purchase Details

Closed on
Jun 10, 2009
Sold by
Estrada Jimmy R
Bought by
Fhlmc

Purchase Details

Closed on
Jun 19, 2007
Sold by
Estrada Jimmy and Boscan Jennifer
Bought by
Railroad Reserve Llc

Purchase Details

Closed on
Jun 21, 2004
Sold by
Rei Francis S and Rei Elaine A
Bought by
Estrada Jimmy and Boscan Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 1998
Sold by
Rei Irene L
Bought by
Rei Francis S
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
Roman-Mainon Ramon A $485,000 None Available
Handyman Realty Corp $5,029 --
Accrington Realty Llc $4,458 --
Oliveira Aaron -- --
Handyman Realty Corp $40,000 --
Fhlmc $60,000 --
Railroad Reserve Llc $2,247 --
Estrada Jimmy $175,000 --
Rei Francis S $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roman-Mainon Ramon A $476,215
Previous Owner Oliveira Aaron $75,000
Previous Owner Rei Francis S $29,300
Previous Owner Rei Francis S $131,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2023 03/17/23 Sold $485,000 +2.1% $132 / Sq Ft
02/15/2023 02/15/23 Pending -- -- --
10/28/2022 10/28/22 For Sale $475,000 -- $129 / 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 $5,546 $449,400 $114,800 $334,600
2023 $4,201 $248,000 $51,700 $196,300
2022 $4,112 $248,000 $51,700 $196,300
2021 $4,112 $248,000 $51,700 $196,300
2020 $3,524 $168,700 $52,300 $116,400
2019 $3,524 $168,700 $52,300 $116,400
2018 $3,396 $168,700 $52,300 $116,400
2017 $3,129 $137,700 $38,800 $98,900
2016 $3,014 $137,700 $38,800 $98,900
2015 $3,014 $137,700 $38,800 $98,900
2014 $2,652 $115,000 $49,900 $65,100
Source: Public Records

Agents Affiliated with this Home

  • Kyle Seyboth

    Seller's Agent in 2023

    Kyle Seyboth

    Century 21 Limitless

    (508) 726-3492

    18 in this area

    1,912 Total Sales

    Section Image

  • M

    Buyer's Agent in 2023

    Marcus Duviella

    Divine Real Estate

    (857) 928-4476

    1 in this area

    42 Total Sales

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Map

Source: State-Wide MLS

MLS Number: 1322927

State-Wide MLS

APN: PAWT-000052-000000-000441

Rhode Island Providence County Pawtucket 02860 Fairlawn

49 Grotto Ave, Pawtucket, RI

This home is located at 49 Grotto Ave, Pawtucket, RI 02860 since 28 October 2022 and is currently estimated at $603,547, approximately $163 per square foot. This property was built in 1900. 49 Grotto Ave is a home located in Providence County with nearby schools including International Charter School, Blackstone Valley Prep Junior High School, and Blackstone Academy Charter School.

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