NOT LISTED FOR SALE

551 Potters Ave Providence, RI 02907

West End Neighborhood

Estimated Value: $551,000 - $1,149,190

12 Beds
6 Baths
4,022 Sq Ft
$185/Sq Ft Est. Value

Last Sold September 22, 2022

Last sale price $492,000 $122 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,175/month

39 Days on Market

Highlights

  • 0.18 Acre Lot
  • Window Unit Cooling System
  • Central Heating
  • Wood Flooring
  • Storage Room
  • Baseboard Heating

About This Home

As of September 2022

Fantastic opportunity to own,as well as live rent free, OR a perfect investor opportunity. This Legal 2 family home has amazing potential,The property its self consists of 12 bedrooms, and 5 bathrooms, as well as a separate 4000 sq ft build able lot. 8000 Total The rents are below market rent and income is currently at over 5k per month. With any additional parking in the front of the home, the vacant lot can be turned into another new construction multi family. The property offers newer roof, windows, electrical and heating system. Golden opportunity awaits.

Last Agent to Sell the Property

Jamison Monello

BHHS Pinnacle Realty License #REB.0017233 Listed on: 07/29/2022

BHHS Pinnacle Realty

Last Buyer's Agent

Dhamarys Murillo

Greco Real Estate License #RES.0043284

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,200

Year Built

  • Built in 1920

Lot Details

  • 8,000 Sq Ft Lot

Home Design

  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 4,022 Sq Ft Home
  • Storage Room

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Partially Finished Basement

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

Parking

  • 12 Parking Spaces
  • No Garage

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Uses Gas
  • Baseboard Heating
  • 200+ Amp Service
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 107
  • Assessor Parcel Number 551POTTERSAVPROV

Community Details

Overview

  • 2 Units
  • Elmwood Subdivision

Building Details

  • Operating Expense $17,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,200

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1837
  • Subdivision Name: Elmwood
  • Above Grade Finished Sq Ft: 4022.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Total Bedrooms: 12
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Dining Room Type: Storage Room
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Construction Type: Clapboard
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 12.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Central, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 200+ 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: 8000.0
  • Parcel #: 551POTTERSAVPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 17500.0

Tax Info

  • Tax Annual Amount: 8200.0
  • Tax Lot: 107
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2022
Closed on
Sep 22, 2022
Sold by
Dela Rosa C and Dela Rosa E
Bought by
Navarro Randy and Sanchez Mayra G
Seller's Agent
Jamison Monello
BHHS Pinnacle Realty
Buyer's Agent
Dhamarys Murillo
Greco Real Estate
List Price
$464,900
Sold Price
$492,000
Premium/Discount to List
$27,100
5.83%
Views
40
Current Estimated Value
$649,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,078
Avg. Annual Appreciation
10.94%
Original Mortgage
$470,085
Outstanding Balance
$452,749
Interest Rate
5.22%
Mortgage Type
FHA
Estimated Equity
$209,975

Purchase Details

Closed on
Jun 17, 2021
Sold by
Westbriar Properties Inc
Bought by
Delarosa Carlos and Delarosa Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2021
Sold by
Vasquez Jose and Vasquez Clotilde
Bought by
Westbriar Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Navarro Randy $492,000 None Available
Delarosa Carlos $310,000 None Available
Westbriar Properties Inc $241,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Navarro Randy $470,085
Previous Owner Delarosa Carlos $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2022 09/22/22 Sold $492,000 +5.8% $122 / Sq Ft
09/07/2022 09/07/22 Pending -- -- --
07/29/2022 07/29/22 For Sale $464,900 -- $116 / 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 $8,768 $477,800 $71,800 $406,000
2023 $8,768 $477,800 $71,800 $406,000
2022 $8,384 $471,000 $71,800 $399,200
2021 $6,489 $264,200 $33,500 $230,700
2020 $6,489 $264,200 $33,500 $230,700
2019 $6,489 $264,200 $33,500 $230,700
2018 $6,066 $189,800 $33,200 $156,600
2017 $6,066 $189,800 $33,200 $156,600
2016 $6,066 $189,800 $33,200 $156,600
2015 $5,356 $161,800 $33,200 $128,600
2014 $5,461 $161,800 $33,200 $128,600
2013 $5,461 $161,800 $33,200 $128,600
Source: Public Records

Agents Affiliated with this Home

  • Jamison Monello

    Seller's Agent in 2022

    Jamison Monello

    BHHS Pinnacle Realty

    (401) 255-1480

    4 in this area

    62 Total Sales

    Section Image

  • D

    Buyer's Agent in 2022

    Dhamarys Murillo

    Greco Real Estate

    (401) 688-4207

    1 in this area

    25 Total Sales

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Map

Source: State-Wide MLS

MLS Number: 1316832

State-Wide MLS

APN: PROV-490107-000000-000000

Rhode Island Providence County Providence 02907 West End

551 Potters Ave, Providence, RI

This home is located at 551 Potters Ave, Providence, RI 02907 since 29 July 2022 and is currently estimated at $743,798, approximately $184 per square foot. This property was built in 1920. 551 Potters Ave is a home located in Providence County with nearby schools including Asa Messer Elementary School, Charles N. Fortes Elementary School, and Alfred Lima Sr. Elementary School.

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