NOT LISTED FOR SALE

Estimated Value: $748,297 - $842,000

6 Beds
3 Baths
2,836 Sq Ft
$280/Sq Ft Est. Value

Last Sold July 05, 2024

Last sale price $750,000 $264 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,657/month

57 Days on Market

Highlights

  • Cathedral Ceiling
  • Bathtub with Shower
  • Property near a hospital
  • Skylights
  • Shops
  • 2-minute walk to Cabral Park

About This Home

As of July 2024

Discover an exceptional investment opportunity in the heart of Fox Point on the vibrant East side of Providence with this charming 3 unit multifamily property. Each meticulously maintained unit promises comfortable living spaces, ensuring tenant satisfaction and long-term occupancy. A stone's throw from a bustling nightlife scene, residents enjoy the convenience of proximity to the city's most lively entertainment options. For the savvy investor, this property presents an outstanding opportunity for significant cash flow, supported by a strong rental demand in a coveted location. Capitalize on the chance to own a piece of Providence's dynamic community, where historical charm meets modern living.

Last Agent to Sell the Property

Jim Murray

HERE Realty Listed on: 03/27/2024

Last Buyer's Agent

Jim Murray

HERE Realty Listed on: 03/27/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,104

Year Built

  • Built in 1847

Lot Details

  • 2,614

Home Design

  • Combination Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,836 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Skylights

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • 2,614 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 583
  • Assessor Parcel Number 5TRENTONSTPROV

Community Details

Overview

  • 3 Units

Amenities

  • Shops
  • Restaurant

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,104

Year Built

Built in 1847

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Above Grade Finished Sq Ft: 2836.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1847
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Other
  • Interior Amenities: Cathedral Ceiling(s), Skylights, Tub Shower
  • Stories: 3
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Combination, Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2614.0
  • Parcel #: 5TRENTONSTPROV
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 10104.0
  • Tax Lot: 583
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2024
Closed on
Aug 2, 2024
Sold by
Lim Jena and Shin Kevin
Bought by
Shin Kevin
Seller's Agent
Jim Murray
HERE Realty
Buyer's Agent
Jim Murray
HERE Realty
List Price
$849,900
Sold Price
$750,000
Premium/Discount to List
-$99,900
-11.75%
Views
67
Current Estimated Value
$795,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,074
Avg. Annual Appreciation
4.32%
Original Mortgage
$562,500
Outstanding Balance
$554,791
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$240,283

Purchase Details

Listed on
Mar 27, 2024
Closed on
Jul 5, 2024
Sold by
Courtemanche Austin E
Bought by
Shin Kevin and Lim Jean
Seller's Agent
Jim Murray
HERE Realty
Buyer's Agent
Jim Murray
HERE Realty
List Price
$849,900
Sold Price
$750,000
Premium/Discount to List
-$99,900
-11.75%
Views
67

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Outstanding Balance
$554,791
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$240,283

Purchase Details

Listed on
Jul 10, 2020
Closed on
Aug 18, 2020
Sold by
Otoole Lisa M and Otoole Thomas R
Bought by
Courtemanche Austin E
Seller's Agent
Joshua Cullion
Mott & Chace Sotheby's Intl.
Buyer's Agent
Marco Epifani
The Hive Real Estate
List Price
$539,000
Sold Price
$550,000
Premium/Discount to List
$11,000
2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%

Purchase Details

Listed on
Oct 4, 2019
Closed on
Dec 17, 2019
Sold by
5 & 6 Trenton Llc
Bought by
Otoole Thomas R and Otoole Lisa M
Seller's Agent
Michelle Savastano
Broadway Real Estate Group
Buyer's Agent
Joshua Cullion
Mott & Chace Sotheby's Intl.
List Price
$515,000
Sold Price
$477,500
Premium/Discount to List
-$37,500
-7.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.11%
Original Mortgage
$358,125
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2018
Sold by
Mcvicker Michael and Slater Ian
Bought by
5 & 6 Trenton Llc

Purchase Details

Closed on
Jul 29, 2016
Sold by
Ocean State Realty Llc
Bought by
Mcvicker Michael and Slater Ian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
3.48%

Purchase Details

Closed on
Mar 1, 2010
Sold by
Fnma
Bought by
Hathaway Douglas C

Purchase Details

Closed on
Nov 10, 2004
Sold by
Correia Dorothy
Bought by
Hathaway Douglas C
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
Shin Kevin -- None Available
Shin Kevin -- None Available
Shin Kevin $750,000 None Available
Shin Kevin $750,000 None Available
Courtemanche Austin E $550,000 None Available
Courtemanche Austin E $550,000 None Available
Courtemanche Austin E $550,000 None Available
Otoole Thomas R $477,500 None Available
5 & 6 Trenton Llc -- --
5 & 6 Trenton Llc -- --
Mcvicker Michael -- --
Hathaway Douglas C $297,388 --
Hathaway Douglas C $297,388 --
Hathaway Douglas C $279,000 --
Hathaway Douglas C $279,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shin Kevin $562,500
Closed Shin Kevin $562,500
Previous Owner Otoole Thomas R $358,125
Previous Owner Hathaway Douglas C $206,250
Previous Owner Hathaway Douglas C --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/05/2024 07/05/24 Sold $750,000 -3.2% $264 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/15/2024 05/15/24 Price Changed $775,000 -3.1% $273 / Sq Ft
04/11/2024 04/11/24 Price Changed $799,900 -5.9% $282 / Sq Ft
03/27/2024 03/27/24 For Sale $849,900 +54.5% $300 / Sq Ft
08/24/2020 08/24/20 Sold $550,000 +2.0% $194 / Sq Ft View Prior Sale
07/25/2020 07/25/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $539,000 +12.9% $190 / Sq Ft
12/20/2019 12/20/19 Sold $477,500 -7.3% $168 / Sq Ft View Prior Sale
11/20/2019 11/20/19 Pending -- -- --
10/04/2019 10/04/19 For Sale $515,000 -- $182 / 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 $5,651 $748,500 $431,800 $316,700
2024 $10,104 $550,600 $329,700 $220,900
2023 $10,104 $550,600 $329,700 $220,900
2022 $9,801 $550,600 $329,700 $220,900
2021 $8,903 $362,500 $209,200 $153,300
2020 $8,625 $351,200 $209,200 $142,000
2019 $8,625 $351,200 $209,200 $142,000
2018 $8,575 $268,300 $192,900 $75,400
2017 $8,575 $268,300 $192,900 $75,400
2016 $8,575 $268,300 $192,900 $75,400
2015 $8,070 $243,800 $192,900 $50,900
2014 $8,228 $243,800 $192,900 $50,900
2013 $8,228 $243,800 $192,900 $50,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1355497

State-Wide MLS

APN: PROV-170583-000000-000000