$610,000
SOLD JAN 10, 2025

56 Brandon Rd Unit 58 Cranston, RI 02910

4 Beds
2 Baths
2,522 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$242 Per Sq Ft

3% Below List Price

9 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Shops
  • Balcony
  • Porch
  • Heating System Uses Steam

About This Home

As of January 2025

Wow! Whether you're an investor or looking for an opportunity to be owner occupied, this fantastic 2 family home in the Friendly Community of Cranston will not disappoint. Located in a quiet, well maintained neighborhood surrounded by single family homes boasting pride of ownership. Home is bright, clean, full of newer windows, new roof and new natural gas heating systems. Refinished hardwood floors, spacious family rooms and large dining rooms. Remodeled large eat in kitchens with separate galley with new cabinets, stove, dishwasher, sink, faucet and garbage disposal. Full unfinished 3rd floor offers endless possibilities for expansion. Clean basement has tons of storage. 1st Floor Porch or 2nd Floor balcony is a great place to relax. Fenced Yard. Detached 2 Car Garage. Total rental income for both apartments = $4,000/month. First floor has lease in place. 2nd floor is ready to be owner occupied or rented. Quick and easy access to 95 and Route 10. Don't miss out on this one!

Last Agent to Sell the Property

David White

OwnerEntry.com License #REB.0018736 Listed on: 12/04/2024

Last Buyer's Agent

Vincent Letizia

J. Christopher Real Estate Grp License #RES.0041168

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,705

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Brick Foundation

Interior Spaces

  • 2,522 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Outdoor Features

  • Balcony
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • Electric Water Heater

Community Details

  • 2 Units
  • Shops
  • Operating Expense $999

Listing and Financial Details

  • Tax Lot 2306
  • Assessor Parcel Number 5658BRANDONRDCRAN

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,705

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Above Grade Finished Sq Ft: 2522.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Range, Range Hood
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Stories: 3
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Balcony, Porch, Paved Driveway
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Balcony, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Steam
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Other, Shopping, See Remarks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5663.0
  • Parcel #: 5658BRANDONRDCRAN
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 999.0

Tax Info

  • Tax Annual Amount: 5705.0
  • Tax Lot: 2306
  • Tax Map Number: 6-1
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2024
Closed on
Jan 10, 2025
Sold by
Brennan Sandra J and Brennan Michael J
Bought by
Velasquez Baldomero
Seller's Agent
David White
OwnerEntry.com
Buyer's Agent
Vincent Letizia
J. Christopher Real Estate Grp
List Price
$630,000
Sold Price
$610,000
Premium/Discount to List
-$20,000
-3.17%
Views
23
Current Estimated Value
$660,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,404
Avg. Annual Appreciation
11.49%
Original Mortgage
$457,500
Outstanding Balance
$454,323
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$206,081

Purchase Details

Closed on
Nov 14, 1991
Sold by
Galvin Michael K
Bought by
Brennan Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,900
Interest Rate
8.8%
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 Type Sale Price Title Company
Warranty Deed $610,000 None Available
Warranty Deed $610,000 None Available
Warranty Deed $610,000 None Available
Warranty Deed $141,500 --
Warranty Deed $141,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $457,500 Purchase Money Mortgage
Closed $457,500 Purchase Money Mortgage
Previous Owner $105,600 No Value Available
Previous Owner $112,900 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Sold $610,000 -3.2% $242 / Sq Ft
12/13/2024 12/13/24 Pending -- -- --
12/04/2024 12/04/24 For Sale $630,000 -- $250 / 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 $5,705 $419,200 $108,300 $310,900
2023 $5,394 $285,400 $71,300 $214,100
2022 $5,283 $285,400 $71,300 $214,100
2021 $5,137 $285,400 $71,300 $214,100
2020 $4,952 $238,400 $67,900 $170,500
2019 $4,952 $238,400 $67,900 $170,500
2018 $4,837 $238,400 $67,900 $170,500
2017 $4,343 $189,300 $61,100 $128,200
2016 $4,250 $189,300 $61,100 $128,200
2015 $4,250 $189,300 $61,100 $128,200
2014 $4,123 $180,500 $61,100 $119,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1374177

State-Wide MLS

APN: CRAN-000006-000001-002306