NOT LISTED FOR SALE

Estimated Value: $596,000 - $632,000

6 Beds
3 Baths
4,339 Sq Ft
$142/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $500,000 $115 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,986/month

5 Days on Market

Highlights

  • Wood Flooring
  • Recreation Facilities
  • Porch
  • Attic
  • Thermal Windows
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of May 2022

This spacious, well kept 3 family property features two bedroom, one bathroom units outfitted with quality finishes, hardwood floors, large eat-in-kitchens, separate living rooms, and updated mechanicals. Ample on site parking, proximity to I-95, Providence College, public schools, shopping and walkability to downtown make this a winning home for an owner-occupant or an investor interested in collecting high market-rate rents as the property can be delivered vacant upon closing. The home has been lovingly maintained by its current owner. Subject to seller finding suitable housing.

Last Agent to Sell the Property

Ramiro Encizo

Residential Properties Ltd. License #RES.0042346 Listed on: 03/10/2022

Residential Properties Ltd.

Last Buyer's Agent

Scott Champagne

Compass / Lila Delman Compass License #REB.0018893

Compass / Lila Delman Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,408

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot
  • Fenced
  • Paved or Partially Paved Lot

Home Design

  • Combination Foundation
  • Wood Siding
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 4,339 Sq Ft Home
  • 4-Story Property
  • Thermal Windows
  • Utility Room
  • Laundry Room
  • Attic

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Porch
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 278
  • Assessor Parcel Number 56FELIXSTPROV

Community Details

Overview

  • 3 Units
  • Smith Hill Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Recreation Facilities

Building Details

  • Operating Expense $3,408

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,408

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Inclusions: Owner-occupied 2nd floor, 3rd floor vacant and 1st floor is occupied by seller's family. Market-rate income is listed below.
  • Subdivision Name: Smith Hill
  • Above Grade Finished Sq Ft: 4339.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
  • Interior Amenities: Attic, Tub Shower, Cable TV
  • Dining Room Type: Laundry, Utility Room
  • Stories: 4
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Paved
  • Construction Type: Drywall, Plaster, Vinyl Siding, Wood Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Combination
  • Patio And Porch Features: Porch

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.0
  • Parcel #: 56FELIXSTPROV
  • Zoning: R3
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 3408.0

Tax Info

  • Tax Annual Amount: 3408.0
  • Tax Lot: 278
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2022
Closed on
May 25, 2022
Sold by
Lopez Jocelyn A
Bought by
Arias Michael and Arias Samantha D
Seller's Agent
Ramiro Encizo
Residential Properties Ltd.
Buyer's Agent
Scott Champagne
Compass / Lila Delman Compass
List Price
$449,000
Sold Price
$500,000
Premium/Discount to List
$51,000
11.36%
Total Days on Market
5
Current Estimated Value
$616,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,525
Avg. Annual Appreciation
7.13%
Original Mortgage
$375,000
Outstanding Balance
$358,579
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$257,946

Purchase Details

Closed on
Feb 9, 2012
Sold by
Cunha Paul
Bought by
Cunha Paul and Cunha Elena D

Purchase Details

Closed on
Aug 28, 2008
Sold by
Merilan Enock Shawn
Bought by
Cunha Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,139
Interest Rate
6.29%
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
Arias Michael $500,000 None Available
Cunha Paul -- --
Cunha Paul $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arias Michael $375,000
Previous Owner Lopez Jocelyn A $187,957
Previous Owner Lopez Jocelyn A $190,162
Previous Owner Merilan Enock Shawn $104,139
Previous Owner Merilan Enock Shawn $385,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2022 05/25/22 Sold $500,000 +11.4% $115 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
03/10/2022 03/10/22 For Sale $449,000 +124.5% $103 / Sq Ft
02/17/2017 02/17/17 Sold $200,000 +5.3% $75 / Sq Ft
01/18/2017 01/18/17 Pending -- -- --
12/15/2016 12/15/16 For Sale $189,900 -- $72 / 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 $6,298 $343,200 $68,000 $275,200
2023 $6,298 $343,200 $68,000 $275,200
2022 $5,742 $322,600 $68,000 $254,600
2021 $5,681 $231,300 $33,600 $197,700
2020 $5,681 $231,300 $33,600 $197,700
2019 $5,681 $231,300 $33,600 $197,700
2018 $4,951 $154,900 $36,000 $118,900
2017 $4,001 $125,200 $36,000 $89,200
2016 $4,001 $125,200 $36,000 $89,200
2015 $3,856 $116,500 $47,100 $69,400
2014 $3,932 $116,500 $47,100 $69,400
2013 $3,932 $116,500 $47,100 $69,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1304870

State-Wide MLS

APN: PROV-660278-000000-000000