NOT LISTED FOR SALE

53 Summer St Unit 55 Central Falls, RI 02863

11 Beds
4 Baths
5,865 Sq Ft
4,356 Sq Ft Lot

Last Sold August 05, 2022

Last sale price $450,000 $77 Per Sq Ft

36 Days on Market

Highlights

  • Storage Room
  • Public Transportation
  • Baseboard Heating

About This Home

As of August 2022

What a wonder multifamily house is on the market for sale. This is a legal 4 units that is presently used as a 3 family house. With a lot of work performed in 2020 this property is a great opportunity for a homeowner occupied or investment. All 3 units are in extremely good condition. Electrical has been update and also 3 new boiler has been installed. Rent is bringing over $45,000 a year, with the potential for another $15,000 after unit #4 is ready. Also a good advantage of this property is that it is within walking distance from a high school and a elementary school. What can be better?

Last Agent to Sell the Property

Gustavo Sanchez

C-21 Butterman & Kryston License #RES.0042320 Listed on: 10/20/2021

Last Buyer's Agent

Premier Group

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,743

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • Brick Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 5,865 Sq Ft Home
  • 4-Story Property
  • Storage Room
  • Utility Room
  • Laminate Flooring

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

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

Parking

  • 8 Parking Spaces
  • No Garage

Utilities

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

Community Details

  • 4 Units
  • Public Transportation

Listing and Financial Details

  • Tax Lot 314
  • Assessor Parcel Number 53SUMMERSTCFLS

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,743

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Above Grade Finished Sq Ft: 5865.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 11
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Bathtub
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 4
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Foundation Details: Brick/Mortar

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 8.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Near Schools, Public Transportation
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: 53SUMMERSTCFLS
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3743.0
  • Tax Lot: 314
  • Tax Year: 2021
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2022 08/05/22 Sold $450,000 +4.7% $77 / Sq Ft
11/26/2021 11/26/21 Pending -- -- --
10/20/2021 10/20/21 For Sale $429,900 -- $73 / 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 $7,568 $572,900 $102,300 $470,600
2024 $7,042 $374,400 $76,900 $297,500
2023 $6,945 $374,400 $76,900 $297,500
2022 $6,537 $374,400 $76,900 $297,500
2021 $3,593 $151,200 $26,600 $124,600
2020 $3,582 $151,200 $26,600 $124,600
2019 $3,744 $151,200 $26,600 $124,600
2018 $3,857 $146,600 $25,600 $121,000
2017 $3,857 $146,600 $25,600 $121,000
2016 $3,801 $146,600 $25,600 $121,000
2015 $3,506 $126,900 $24,200 $102,700
2014 $3,459 $126,900 $24,200 $102,700
2013 $3,264 $126,900 $24,200 $102,700
Source: Public Records

Agents Affiliated with this Home

  • Gustavo Sanchez

    Seller's Agent in 2022

    Gustavo Sanchez

    C-21 Butterman & Kryston

    (401) 521-9490

    3 in this area

    117 Total Sales

    Gustavo Sanchez
    Section Image

  • P

    Buyer's Agent in 2022

    Premier Group

    eXp Realty LLC

    (401) 288-3600

    4 in this area

    470 Total Sales

    Premier Group
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1296542

State-Wide MLS

APN: CENT M:06 P:314

Rhode Island Providence County Central Falls 02863

53 Summer St Unit 55, Central Falls, RI

Not Listed for Sale

MultiFamily

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