NOT LISTED FOR SALE

56 What Cheer Ave Providence, RI 02909

Silver Lake Neighborhood

Estimated Value: $310,000 - $509,000

4 Beds
2 Baths
2,418 Sq Ft
$165/Sq Ft Est. Value

Last Sold January 14, 2019

Last sale price $158,900 $66 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $2,519/month

70 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Shops
  • 1 Car Detached Garage
  • Public Transportation
  • Baseboard Heating

About This Home

As of January 2019

Investors Special- priced to sell! This turnkey 2 family in Laurel Hill neighborhood is ready to occupy as owner or rent out as investor and begin profiting! Two 2 bedroom units with hardwoods throughout, tiled full baths, and pantry + eat in kitchens, full height ceilings on both levels. 1st Floor unit is rented to tenant with lease at $900/mo, 2nd Floor is vacant and ready for occupancy. Exterior features include low maintenance vinyl siding, 1 car garage with driveway parking for more, fenced yard, and central to shopping, commuter highways and neighborhood parks. Gas heat throughout, 1st floor by baseboard, 2nd floor by gas stove and supplemental electric heat. Laundry hookups in the basement. This investment opportunity won't last...

Last Agent to Sell the Property

David DeCristo

The Portfolio Properties License #RES.0031099 Listed on: 10/05/2018

Last Buyer's Agent

Chris Barbosa

Tanasio Realty Advisors License #RES.0043501

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,673

Year Built

  • Built in 1920

Lot Details

  • 2,614 Sq Ft Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Combination Foundation
  • Vinyl Siding

Interior Spaces

  • 2,418 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Utilities

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

Listing and Financial Details

  • Tax Lot 392
  • Assessor Parcel Number 56WHATCHEERAVPROV

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Laurel Hill/ Silver Lake Subdivision

Amenities

  • Shops
  • Public Transportation

Building Details

  • Operating Expense $3,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,673

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Subdivision Name: Laurel Hill/ Silver Lake
  • Above Grade Finished Sq Ft: 2418.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Gas Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Combination

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Gas, Space Heater
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2614.0
  • Parcel #: 56WHATCHEERAVPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 3400.0

Tax Info

  • Tax Annual Amount: 1673.0
  • Tax Lot: 392
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2018
Closed on
Jan 14, 2019
Sold by
Wtl Realty Llc
Bought by
Ainsworth John M
Seller's Agent
David DeCristo
The Portfolio Properties
Buyer's Agent
Chris Barbosa
Tanasio Realty Advisors
List Price
$159,900
Sold Price
$158,900
Premium/Discount to List
-$1,000
-0.63%
Current Estimated Value
$399,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,879
Avg. Annual Appreciation
14.23%
Original Mortgage
$150,950
Outstanding Balance
$135,783
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$248,087

Purchase Details

Closed on
Jun 12, 2000
Sold by
Mancino Joseph A and Campos Dale R
Bought by
Lenahan Wayne T and Lenahan Lisa C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,600
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 1994
Sold by
Citicorp Mtg Inc
Bought by
Mancino Joseph A and Campos Dale R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,100
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ainsworth John M $158,900 --
Lenahan Wayne T $48,000 --
Mancino Joseph A $39,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ainsworth John M $150,950
Previous Owner Wtl Realty Llc $1,780,000
Previous Owner Wtl Realty Llc $200,000
Previous Owner Mancino Joseph A $392,000
Previous Owner Mancino Joseph A $65,000
Previous Owner Mancino Joseph A $33,600
Previous Owner Mancino Joseph A $35,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2019 01/14/19 Sold $158,900 -0.6% $66 / Sq Ft
12/15/2018 12/15/18 Pending -- -- --
10/05/2018 10/05/18 For Sale $159,900 -- $66 / 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 $4,142 $225,700 $84,700 $141,000
2023 $4,142 $225,700 $84,700 $141,000
2022 $4,017 $225,700 $84,700 $141,000
2021 $2,955 $120,300 $48,000 $72,300
2020 $2,955 $120,300 $48,000 $72,300
2019 $2,955 $120,300 $48,000 $72,300
2018 $2,848 $89,100 $40,900 $48,200
2017 $2,848 $89,100 $40,900 $48,200
2016 $2,848 $89,100 $40,900 $48,200
2015 $2,681 $81,000 $40,900 $40,100
2014 $2,734 $81,000 $40,900 $40,100
2013 $2,734 $81,000 $40,900 $40,100
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    David DeCristo

    The Portfolio Properties

    Section Image

  • C

    Buyer's Agent in 2019

    Chris Barbosa

    Tanasio Realty Advisors

    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1206239

State-Wide MLS

APN: PROV-001090-000392-000000

Rhode Island Providence County Providence 02909 Silver Lake

56 What Cheer Ave, Providence, RI

This home is located at 56 What Cheer Ave, Providence, RI 02909 since 05 October 2018 and is currently estimated at $399,779, approximately $165 per square foot. This property was built in 1920. 56 What Cheer Ave is a home located in Providence County with nearby schools including Charles N. Fortes Elementary School, Asa Messer Elementary School, and Laurel Hill Annex School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

State-Wide MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2025 State-Wide MLS, Inc. All rights reserved.

Nearby Homes