NOT LISTED FOR SALE

56 Cottage St Warwick, RI 02886

Warwick City Center Neighborhood

Estimated Value: $333,000 - $399,000

4 Beds
1 Bath
1,220 Sq Ft
$306/Sq Ft Est. Value

Last Sold June 01, 2018

Last sale price $150,000 $123 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $2,295/month

72 Days on Market

Highlights

  • Attic
  • Porch
  • Storage Room
  • Cottage
  • Bathtub with Shower
  • Public Transportation

About This Home

As of June 2018

Great investment opportunity!!! This 4 bedroom cottage has excellent rental history. Conveniently located next to Warwick's Interlink transportation hub allowing access to planes, trains, and automobiles.

Last Agent to Sell the Property

Leslie Lusi

Coldwell Banker Realty License #RES.0040471 Listed on: 02/18/2018

Coldwell Banker Realty

Last Buyer's Agent

Fred Bernat

Abbott Properties, LLC License #REB.0010106

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,330

Year Built

  • Built in 1925

Lot Details

  • 7,405

Home Design

  • Cottage
  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 1,220 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Utility Room
  • Attic

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage

Utilities

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

Additional Features

  • Porch
  • 7,405 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 0060
  • Assessor Parcel Number 56COTTAGESTWARW

Community Details

Overview

  • Hillsgrove Subdivision

Amenities

  • Shops
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,330

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Subdivision Name: Hillsgrove
  • Above Grade Finished Sq Ft: 1220.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1925
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Attic, Tub Shower, Cable TV
  • Living Area: 1220.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Stone
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Highway Access, Public Transportation, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 56COTTAGESTWARW
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2330.0
  • Tax Block: 0000
  • Tax Lot: 0060
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2018
Closed on
Jun 1, 2018
Sold by
Parallel Properties Ll
Bought by
Medeiros Eric
Seller's Agent
Leslie Lusi
Coldwell Banker Realty
Buyer's Agent
Fred Bernat
Abbott Properties, LLC
List Price
$139,000
Sold Price
$150,000
Premium/Discount to List
$11,000
7.91%
Current Estimated Value
$373,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,001
Avg. Annual Appreciation
13.51%

Purchase Details

Closed on
Sep 2, 2014
Sold by
Lusi Armand T
Bought by
Parallel Properties Ll

Purchase Details

Listed on
Jun 10, 2013
Closed on
Feb 4, 2014
Sold by
Mayo County Of and Warwick City Of
Bought by
Johnson Lori
Seller's Agent
Kristin Coletti
Bruce Allen, REALTORS
Buyer's Agent
Don Coletti
Bruce Allen, REALTORS
List Price
$127,500
Sold Price
$80,001
Premium/Discount to List
-$47,499
-37.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.50%

Purchase Details

Closed on
Jun 21, 2013
Sold by
Johnson Lori and Fnma
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 28, 2011
Sold by
Johnson Lori and Warwick City Of
Bought by
Rec Investments Llc

Purchase Details

Closed on
Oct 10, 2001
Sold by
Colgan Timothy V and Brundreth Mark A
Bought by
Johnson Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,800
Interest Rate
6.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 1991
Sold by
Tibbitts David G Est
Bought by
Colgan Timothy V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,400
Interest Rate
8.8%
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
Medeiros Eric $150,000 --
Parallel Properties Ll -- --
Johnson Lori $2,730 --
Federal National Mortgage Association $175,682 --
Rec Investments Llc $3,199 --
Johnson Lori $124,000 --
Colgan Timothy V $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Colgan Timothy V $176,000
Previous Owner Colgan Timothy V $117,800
Previous Owner Colgan Timothy V $38,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2018 06/01/18 Sold $150,000 +7.9% $123 / Sq Ft
05/02/2018 05/02/18 Pending -- -- --
02/18/2018 02/18/18 For Sale $139,000 +73.7% $114 / Sq Ft
03/27/2014 03/27/14 Sold $80,001 -37.3% $66 / Sq Ft
02/25/2014 02/25/14 Pending -- -- --
06/10/2013 06/10/13 For Sale $127,500 -- $105 / 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 $3,340 $230,800 $87,100 $143,700
2023 $3,275 $230,800 $87,100 $143,700
2022 $3,021 $161,300 $51,200 $110,100
2021 $3,021 $161,300 $51,200 $110,100
2020 $3,021 $161,300 $51,200 $110,100
2019 $3,021 $161,300 $51,200 $110,100
2018 $2,394 $115,100 $43,600 $71,500
2017 $2,330 $115,100 $43,600 $71,500
2016 $2,330 $115,100 $43,600 $71,500
2015 $2,424 $116,800 $51,000 $65,800
2014 $2,343 $116,800 $51,000 $65,800
2013 $2,311 $116,800 $51,000 $65,800
Source: Public Records

Agents Affiliated with this Home

  • Leslie Lusi

    Seller's Agent in 2018

    Leslie Lusi

    Coldwell Banker Realty

    (401) 837-1098

    10 Total Sales

    Leslie Lusi
    Section Image

  • F

    Buyer's Agent in 2018

    Fred Bernat

    Abbott Properties, LLC

    (401) 258-3847

    10 Total Sales

    Fred Bernat
    Section Image

  • K

    Seller's Agent in 2014

    Kristin Coletti

    Bruce Allen, REALTORS

    (401) 641-5625

    47 Total Sales

    Kristin Coletti
    Section Image

  • D

    Buyer's Agent in 2014

    Don Coletti

    Bruce Allen, REALTORS

    (401) 942-6000

    1 in this area

    46 Total Sales

    Don Coletti
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1183111

State-Wide MLS

APN: WARW-000278-000060-000000

Rhode Island Kent County Warwick 02886 Warwick City Center

56 Cottage St, Warwick, RI

This home is located at 56 Cottage St, Warwick, RI 02886 since 18 February 2018 and is currently estimated at $373,001, approximately $305 per square foot. This property was built in 1925. 56 Cottage St is a home located in Kent County with nearby schools including St Rose Of Lima School.

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