NOT LISTED FOR SALE

551 Union Ave Providence, RI 02909

Silver Lake Neighborhood

Estimated Value: $397,608 - $534,000

6 Beds
3 Baths
3,180 Sq Ft
$151/Sq Ft Est. Value

Last Sold November 06, 2019

Last sale price $270,000 $85 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,757/month

61 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Hot Water Heating System

About This Home

As of November 2019

Beautiful 2 family home must see in person! Complete remodel, new gas heating system, 1st floor has 4 beds (includes finished basement) 2 new full baths, new kitchen with granite and stainless appliances, 2nd floor 2 beds 1 full bath, gleaming hardwoods throughout and 1 car garage with 2 spaces.

Last Agent to Sell the Property

Michelle Savastano

Broadway Real Estate Group License #REB.0016954 Listed on: 08/06/2019

Broadway Real Estate Group

Last Buyer's Agent

Premier Group

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,407

Year Built

  • Built in 1922

Lot Details

  • 1,800 Sq Ft Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,180 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • 2 Units
  • Silverlake Subdivision

Listing and Financial Details

  • Tax Lot 490
  • Assessor Parcel Number 551UNIONAVPROV

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,407

Year Built

Built in 1922

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.04
  • Subdivision Name: Silverlake
  • Above Grade Finished Sq Ft: 3180.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1922
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Hardwood
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Attached
  • Total Parking Spaces: 3.0

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1800.0
  • Parcel #: 551UNIONAVPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2407.0
  • Tax Lot: 490
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2019
Closed on
Nov 4, 2019
Sold by
Berroa Robinson
Bought by
Frias-Colon Joeleen and Colon Joeleen
Seller's Agent
Michelle Savastano
Broadway Real Estate Group
Buyer's Agent
Premier Group
eXp Realty LLC
List Price
$264,900
Sold Price
$270,000
Premium/Discount to List
$5,100
1.93%
Current Estimated Value
$478,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,652
Avg. Annual Appreciation
9.64%
Original Mortgage
$265,109
Outstanding Balance
$231,682
Interest Rate
3.7%
Mortgage Type
FHA
Estimated Equity
$246,970

Purchase Details

Closed on
Jun 11, 2019
Sold by
Eastern Plumbing & Heating
Bought by
Berroa Robinson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2011
Sold by
Chan Tony and Chan Nancy
Bought by
Chan Ony W

Purchase Details

Closed on
Jun 12, 2009
Sold by
Reo Properties Corp
Bought by
Chan Tony W

Purchase Details

Closed on
May 1, 2008
Sold by
Khun Chanthy
Bought by
Reo Properties Corp

Purchase Details

Closed on
Jan 30, 2003
Sold by
Wells Fargo Bk
Bought by
Megazone Realty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,936
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 2001
Sold by
Delarosa Jose
Bought by
Mercedes Yunet I

Purchase Details

Closed on
Feb 17, 2000
Sold by
Duffy Edward P
Bought by
Delarosa Jose A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Frias-Colon Joeleen $270,000 --
Berroa Robinson $90,000 --
Chan Ony W $100 --
Chan Tony W $26,100 --
Reo Properties Corp $261,000 --
Megazone Realty $93,000 --
Mercedes Yunet I $102,000 --
Delarosa Jose A $54,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frias-Colon Joeleen $265,109
Previous Owner Berroa Robinson $115,000
Previous Owner Delarosa Jose A $125,000
Previous Owner Delarosa Jose A $98,936
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/06/2019 11/06/19 Sold $270,000 +1.9% $85 / Sq Ft
10/07/2019 10/07/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $264,900 +429.8% $83 / Sq Ft
12/22/2017 12/22/17 Sold $50,000 -26.5% $31 / Sq Ft View Prior Sale
11/22/2017 11/22/17 Pending -- -- --
02/12/2017 02/12/17 For Sale $68,000 -- $43 / 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 $3,250 $430,500 $132,300 $298,200
2024 $5,439 $296,400 $83,600 $212,800
2023 $5,439 $296,400 $83,600 $212,800
2022 $5,276 $296,400 $83,600 $212,800
2021 $3,819 $155,500 $47,400 $108,100
2020 $3,819 $155,500 $47,400 $108,100
2019 $3,819 $155,500 $47,400 $108,100
2018 $2,407 $75,300 $40,400 $34,900
2017 $2,407 $75,300 $40,400 $34,900
2016 $2,407 $75,300 $40,400 $34,900
2015 $2,267 $68,500 $40,400 $28,100
2014 $2,312 $68,500 $40,400 $28,100
2013 $2,312 $68,500 $40,400 $28,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Michelle Savastano

    Broadway Real Estate Group

    (401) 265-7078

    3 in this area

    166 Total Sales

    Michelle Savastano
    Section Image

  • P

    Buyer's Agent in 2019

    Premier Group

    eXp Realty LLC

    (401) 288-3600

    7 in this area

    464 Total Sales

    Premier Group
    Section Image
  • Feng Lei

    Seller's Agent in 2017

    Feng Lei

    Green Island Realty, Inc.

    (401) 286-8898

    1 in this area

    159 Total Sales

    Feng Lei
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1231467

State-Wide MLS

APN: PROV-001090-000490-000000

Rhode Island Providence County Providence 02909 Silver Lake

551 Union Ave, Providence, RI

Not Listed for Sale

MultiFamily

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