$500,000
SOLD DEC 30, 2024
4 Beds
2 Baths
5,944 Sq Ft
4,000 Sq Ft Lot

Recently Sold

$84 Per Sq Ft

11% Above List Price

7 Days on Market

Highlights

  • Attic
  • Storage Room
  • Heating System Uses Steam
  • 2 Car Detached Garage

About This Home

As of December 2024

This 2-family home, located on a desirable corner lot, offers a fantastic investment opportunity. Each unit features 2 bedrooms, providing comfortable living spaces. The property is ideally situated just minutes from Garden City in Cranston, offering easy access to shopping, dining, and major highways. The detached 2-car garage provides ample storage or the possibility for additional rental income. The roof is only 10 years old, offering peace of mind, and the 2nd-floor heating system was just replaced with a brand-new unit a few weeks ago. If you're looking for a solid income property this property offers great potential. Don't miss out on this excellent opportunity! Highest & Best Due 9 AM 12/4/2024.

Last Agent to Sell the Property

Rhode Island Real Estate Inside

Real Broker, LLC License #RES.0041189 Listed on: 11/29/2024

Real Broker, LLC

Last Buyer's Agent

Sussy Deleon

RE/MAX New Horizons License #REB.0015186

RE/MAX New Horizons

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,765

Year Built

  • Built in 1920

Lot Details

  • 4,000 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding
  • Plaster

Interior Spaces

  • 5,944 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Permanent Attic Stairs

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 856+855
  • Assessor Parcel Number 5153OAKLANDAVCRAN

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,765

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0918
  • Co List Office Mls Id: LVGP
  • Co List Office Phone: 855-450-0442
  • Above Grade Finished Sq Ft: 5944.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Other
  • Interior Amenities: Attic, Permanent Attic Stairs
  • Dining Room Type: Storage Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Foundation Details: See Remarks

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4000.0
  • Parcel #: 5153OAKLANDAVCRAN
  • Zoning: B1
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5765.0
  • Tax Lot: 856+855
  • Tax Map Number: 9/3
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2024
Closed on
Dec 30, 2024
Sold by
Thomas H Defusco Ft and Marsella
Bought by
Mota-Quiroa Elder
Seller's Agent
Rhode Island Real Estate Inside
Real Broker, LLC
Buyer's Agent
Sussy Deleon
RE/MAX New Horizons
List Price
$450,000
Sold Price
$500,000
Premium/Discount to List
$50,000
11.11%
Views
46
Current Estimated Value
$519,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,205
Avg. Annual Appreciation
9.65%
Original Mortgage
$375,000
Outstanding Balance
$372,715
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$159,615
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
Deed $500,000 None Available
Deed $500,000 None Available
Deed $500,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $375,000 Purchase Money Mortgage
Closed $375,000 Purchase Money Mortgage
Previous Owner $155,000 No Value Available
Previous Owner $57,000 No Value Available
Previous Owner $15,696 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Sold $500,000 +11.1% $84 / Sq Ft
12/06/2024 12/06/24 Pending -- -- --
11/29/2024 11/29/24 For Sale $450,000 -- $76 / 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 $5,765 $423,600 $103,800 $319,800
2023 $5,421 $286,800 $68,300 $218,500
2022 $5,309 $286,800 $68,300 $218,500
2021 $5,162 $286,800 $68,300 $218,500
2020 $4,945 $238,100 $65,100 $173,000
2019 $4,945 $238,100 $65,100 $173,000
2018 $4,831 $238,100 $65,100 $173,000
2017 $4,616 $201,200 $58,600 $142,600
2016 $4,517 $201,200 $58,600 $142,600
2015 $4,517 $201,200 $58,600 $142,600
2014 $4,319 $189,100 $58,600 $130,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1372825

State-Wide MLS

APN: CRAN-000009-000003-000856