$348,000
SOLD MAY 19, 2017

5 Melton St Cranston, RI 02920

Budlong Neighborhood
6 Beds
4 Baths
2,873 Sq Ft
7,000 Sq Ft Lot

Recently Sold

$121 Per Sq Ft

7% Below List Price

50 Days on Market

Highlights

  • Wood Flooring
  • Game Room
  • Patio
  • Cranston High School West Rated 9+
  • Window Unit Cooling System
  • Laundry Room

About This Home

As of November 2019

Rare find! Great investment! $36,000 per year income potential! This side by side property is in a prime location! 6 Bedrooms plus finished basement rooms. 2 full bathrooms and 2 Lavettes. Hardwoods throughout. Dishwashers and disposals included. 3 year old roof and replacement windows. Currently owner occupied with stable tenant in other unit. Highly accredited school system. 7 car parking. Call today! Won't Last!

Last Agent to Sell the Property

Rachele Sullivan

The Margin Group License #REB.0016777 Listed on: 02/27/2017

Last Buyer's Agent

Rachele Sullivan

The Margin Group License #REB.0016777 Listed on: 02/27/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,694

Year Built

  • Built in 1967

Lot Details

  • 7,000 Sq Ft Lot
  • Fenced

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,873 Sq Ft Home
  • 2-Story Property
  • Fireplace Features Masonry
  • Game Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Storm Doors

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 7 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Patio

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2332
  • Assessor Parcel Number 5MELTONSTCRAN

Community Details

Overview

  • 4 Units
  • Budlong Subdivision

Amenities

  • Shops
  • Public Transportation

Building Details

  • Operating Expense $350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,694

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1607
  • Subdivision Name: BUDLONG
  • Above Grade Finished Sq Ft: 2873.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1967
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Disposal, Gas Water Heater
  • Has Basement: Full, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Cable TV
  • Living Area: 2873.0
  • Dining Room Type: Game Room, Laundry, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 7.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7000.0
  • Parcel #: 5MELTONSTCRAN
  • Zoning: A6
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 350.0

Tax Info

  • Tax Annual Amount: 4694.29
  • Tax Lot: 2332
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2022
Sold by
Salas Linda Y
Bought by
Melton Investment Llc
Current Estimated Value
$642,727

Purchase Details

Closed on
Nov 8, 2021
Sold by
Melton Investments Llc
Bought by
Salas Linda Y

Purchase Details

Closed on
Mar 4, 2021
Sold by
Salas Linda
Bought by
Melton Investments Llc

Purchase Details

Listed on
Nov 14, 2019
Closed on
Nov 12, 2019
Sold by
Lopes Ronald G
Bought by
Salas Linda Y
Seller's Agent
Stephen Perrino
Paiva Realty Group
Buyer's Agent
Stephen Perrino
Paiva Realty Group
Sold Price
$1,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$327,250
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 27, 2017
Closed on
May 19, 2017
Sold by
Toro Ann
Bought by
Lopes Ronald G
Seller's Agent
Rachele Sullivan
The Margin Group
Buyer's Agent
Rachele Sullivan
The Margin Group
List Price
$374,900
Sold Price
$348,000
Premium/Discount to List
-$26,900
-7.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.16%
Original Mortgage
$185,000
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $385,000 --
Warranty Deed $348,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $327,250 Purchase Money Mortgage
Previous Owner $185,000 Purchase Money Mortgage
Previous Owner $63,000 No Value Available
Previous Owner $55,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2020 04/06/20 Rented $1,725 0.0% --
03/07/2020 03/07/20 Under Contract -- -- --
02/16/2020 02/16/20 For Rent $1,725 -9.2% --
11/14/2019 11/14/19 For Rent $1,900 +4.1% --
11/14/2019 11/14/19 Rented $1,825 0.0% --
11/12/2019 11/12/19 Sold $385,000 -2.7% $91 / Sq Ft
10/13/2019 10/13/19 Pending -- -- --
09/10/2019 09/10/19 For Sale $395,500 +13.6% $94 / Sq Ft
05/19/2017 05/19/17 Sold $348,000 -7.2% $121 / Sq Ft
04/19/2017 04/19/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $374,900 -- $130 / 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 $6,896 $506,700 $99,700 $407,000
2023 $6,963 $368,400 $65,700 $302,700
2022 $6,819 $368,400 $65,700 $302,700
2021 $6,631 $368,400 $65,700 $302,700
2020 $6,651 $320,200 $62,500 $257,700
2019 $6,651 $320,200 $62,500 $257,700
2018 $6,497 $320,200 $62,500 $257,700
2017 $4,797 $209,100 $56,300 $152,800
2016 $4,694 $209,100 $56,300 $152,800
2015 $4,694 $209,100 $56,300 $152,800
2014 $4,364 $222,400 $56,300 $166,100
Source: Public Records

Agents Affiliated with this Home

  • Stephen Perrino

    Seller's Agent in 2020

    Stephen Perrino

    Paiva Realty Group

    (401) 206-8907

    68 Total Sales

    Stephen Perrino
    Section Image
  • Diane Lazarus

    Seller's Agent in 2019

    Diane Lazarus

    Coldwell Banker Realty

    (401) 640-1658

    3 in this area

    64 Total Sales

    Diane Lazarus
    Section Image
  • Rachele Sullivan

    Seller's Agent in 2017

    Rachele Sullivan

    The Margin Group

    (401) 480-1105

    3 Total Sales

    Rachele Sullivan
    Section Image

  • d

    Buyer Co-Listing Agent in 2017

    deTonnancourt Group

    HomeSmart Professionals

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Map

Source: State-Wide MLS

MLS Number: 1152767

State-Wide MLS

APN: CRAN-000011-000004-002332

Rhode Island Providence County Cranston 02920 Budlong

5 Melton St, Cranston, RI

This home is located at 5 Melton St, Cranston, RI 02920 and is currently priced at $348,000, approximately $121 per square foot. This property was built in 1967. 5 Melton St is a home located in Providence County with nearby schools including Woodridge Elementary School, Western Hills Middle School, and Cranston High School West.

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