$540,000
SOLD JAN 8, 2025

55 Potter St East Providence, RI 02914

4 Beds
2 Baths
2,000 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$270 Per Sq Ft

2% Above List Price

71 Days on Market

Highlights

  • Attic
  • Bathtub with Shower
  • Carpet
  • 2 Car Detached Garage
  • Baseboard Heating

About This Home

As of January 2025

Updated two family with a two car garage in a very convenient location. This property is located just off 195 and only a 2 minute drive to downtown Providence. There is all types of restaurants, coffee shops, and conveniences within walking distance. This property has recently been renovated and has a brand new roof which was just installed last week and is a must see. Each of the units is vacant and there is also additional space in the attic which could easily be finished for additional space. Act fast as this one won't last long.

Last Agent to Sell the Property

BRAD HETHERINGTON

Lenox Realty Group License #RES.0040780 Listed on: 10/07/2024

Last Buyer's Agent

BRAD HETHERINGTON

Lenox Realty Group License #RES.0040780 Listed on: 10/07/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,809

Year Built

  • Built in 1890

Lot Details

  • 5,000 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Attic

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 55POTTERSTEPRO

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,809

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Above Grade Finished Sq Ft: 2000.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1890
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Attic, Tub Shower, Cable TV
  • Stories: 2
  • ResoLivingAreaSource: Other

Exterior Features

  • Construction Type: Drywall, Vinyl Siding

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5000.0
  • Parcel #: 55POTTERSTEPRO
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4809.0
  • Tax Lot: 13
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2024
Closed on
Jan 7, 2025
Sold by
Melo Ezequiel L and Melo Susan A
Bought by
Reyes Shannon G
Seller's Agent
BRAD HETHERINGTON
Lenox Realty Group
Buyer's Agent
BRAD HETHERINGTON
Lenox Realty Group
List Price
$529,900
Sold Price
$540,000
Premium/Discount to List
$10,100
1.91%
Views
57
Current Estimated Value
$553,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,479
Avg. Annual Appreciation
2.66%
Original Mortgage
$432,000
Outstanding Balance
$428,250
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$125,229

Purchase Details

Closed on
Aug 29, 2024
Sold by
Maria A Demelo T A and Maria Demelo
Bought by
Melo Ezequiel L and Melo Susan A

Purchase Details

Closed on
Mar 8, 1990
Sold by
Ripley Robert E
Bought by
Demelo Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
9.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Warranty Deed $540,000 None Available
Warranty Deed $540,000 None Available
Warranty Deed $540,000 None Available
Deed -- None Available
Deed -- None Available
Deed -- None Available
Deed -- None Available
Deed -- None Available
Deed -- None Available
Warranty Deed $128,000 --
Warranty Deed $128,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $432,000 Purchase Money Mortgage
Closed $432,000 Purchase Money Mortgage
Previous Owner $97,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2025 01/08/25 Sold $540,000 +1.9% $270 / Sq Ft
12/17/2024 12/17/24 Pending -- -- --
11/22/2024 11/22/24 For Sale $529,900 0.0% $265 / Sq Ft
10/24/2024 10/24/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $529,900 0.0% $265 / Sq Ft
10/09/2024 10/09/24 Pending -- -- --
10/07/2024 10/07/24 For Sale $529,900 -- $265 / 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 $5,977 $457,300 $90,000 $367,300
2024 $4,995 $325,800 $75,000 $250,800
2023 $4,809 $325,800 $75,000 $250,800
2022 $4,744 $217,000 $46,000 $171,000
2021 $4,666 $217,000 $40,100 $176,900
2020 $4,468 $217,000 $40,100 $176,900
2019 $4,344 $217,000 $40,100 $176,900
2018 $4,162 $181,900 $41,900 $140,000
2017 $4,069 $181,900 $41,900 $140,000
2016 $4,049 $181,900 $41,900 $140,000
2015 $3,844 $167,500 $33,900 $133,600
2014 $3,844 $167,500 $33,900 $133,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1370375

State-Wide MLS

APN: EPRO-000106-000013-000001