NOT LISTED FOR SALE

Estimated Value: $494,000 - $556,000

4 Beds
2 Baths
3,840 Sq Ft
$136/Sq Ft Est. Value

Last Sold December 29, 2022

Last sale price $425,000 $111 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,148/month

75 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Storage Room
  • Cranston High School West Rated 9+
  • Tankless Water Heater
  • Baseboard Heating

About This Home

As of December 2022

Welcome home to this lovely 2 family property in the Knightsville section of Cranston. This property needs nothing and has all the upgrades an investor is looking for: maintenance free vinyl siding, newer roof, separate utilities, new on-demand energy efficient heating systems, and so much more. The 1st floor is a 3 bed, 1 bath apartment with a large eat in kitchen, butlers pantry and access to laundry in the basement. The second floor is a spacious 1 bedroom apartment with an office, large living room and kitchen, and in-unit laundry. This property is convenient to everything and has a large back yard for tenants to enjoy. It is hard to find multi-family properties in this condition. FHA and VA buyers welcome!

Last Agent to Sell the Property

Lyndsey Daigneault

HomeSmart Professionals License #RES.0040847 Listed on: 10/14/2022

HomeSmart Professionals

Last Buyer's Agent

Yohanny Mercedes

Bani Properties License #RES.0046530

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,021

Year Built

  • Built in 1924

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Laundry Room
  • Utility Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Tankless Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 800
  • Assessor Parcel Number 52VERVENASTCRAN

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,021

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Above Grade Finished Sq Ft: 3840.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1924
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Tankless Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Hardwood
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Water Tap Fee

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6098.0
  • Parcel #: 52VERVENASTCRAN
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2021.0
  • Tax Lot: 800

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2006
Sold by
Mahaney Patrick K and Mahaney Lora A
Bought by
Mekhaeel Michael R
Current Estimated Value
$520,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,900
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Mekhaeel Michael R $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mekhaeel Michael R $170,900
Closed Mekhaeel Michael R $60,000
Closed Mekhaeel Michael R $239,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2022 12/29/22 Sold $425,000 +6.3% $111 / Sq Ft
10/14/2022 10/14/22 For Sale $399,900 -- $104 / 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 $5,326 $383,700 $98,900 $284,800
2024 $5,222 $383,700 $98,900 $284,800
2023 $4,816 $254,800 $68,200 $186,600
2022 $4,716 $254,800 $68,200 $186,600
2021 $4,586 $254,800 $68,200 $186,600
2020 $4,607 $221,800 $64,800 $157,000
2019 $4,607 $221,800 $64,800 $157,000
2018 $4,500 $221,800 $64,800 $157,000
2017 $4,067 $177,300 $47,800 $129,500
2016 $3,980 $177,300 $47,800 $129,500
2015 $3,980 $177,300 $47,800 $129,500
2014 $3,787 $165,800 $47,800 $118,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1322240

State-Wide MLS

APN: CRAN-000011-000003-000800