$520,000
SOLD AUG 16, 2024
4 Beds
2 Baths
3,726 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$140 Per Sq Ft

1% Below List Price

5 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Baseboard Heating
  • 1 Fireplace

About This Home

As of August 2024

Fantastic investment opportunity in Cranston, RI! This well-maintained two-family home features two units, each with 2 bedrooms and 1 full bath. Both units are currently occupied on a month-to-month basis, providing immediate rental income with flexibility for future arrangements. The property boasts a finished basement, accessible to the first-floor unit, offering additional living space for various uses. A two-car detached garage and additional parking in the paved driveway ensure ample space for residents and guests. This property combines convenience and comfort, making it an ideal choice for investors or those looking to live in one unit and rent out the other. Located in a desirable neighborhood with easy access to amenities, this two-family home offers both stability and potential for growth. Don't miss out on this excellent opportunity. Contact us today to schedule a viewing and explore the possibilities!

Last Agent to Sell the Property

Kyle Seyboth

Century 21 The Seyboth Team License #REC.0005226 Listed on: 06/25/2024

Century 21 The Seyboth Team

Last Buyer's Agent

Kyle Seyboth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,506

Year Built

  • Built in 1946

Lot Details

  • 7,841 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 3,726 Sq Ft Home
  • 1 Fireplace

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Finished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 1002
  • Assessor Parcel Number 5860CARLTONSTCRAN

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,506

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Above Grade Finished Sq Ft: 3726.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1946
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Water Heater
  • Has Basement: Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Brick, Vinyl Siding

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7841.0
  • Parcel #: 5860CARLTONSTCRAN
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5506.0
  • Tax Lot: 1002
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2024
Closed on
Aug 13, 2024
Sold by
Chaves Matthew
Bought by
Bacherman Sameul
Seller's Agent
Kyle Seyboth
Century 21 The Seyboth Team
Buyer's Agent
Kyle Seyboth
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%
Views
14
Current Estimated Value
$529,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,903
Avg. Annual Appreciation
3.26%
Original Mortgage
$468,000
Outstanding Balance
$464,781
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$69,410

Purchase Details

Listed on
Apr 14, 2014
Closed on
Jun 6, 2014
Sold by
Spagnolo T2005 Cherine and Spagnolo Cherine
Bought by
Chaves Matthew
Seller's Agent
The Dias Team
Keller Williams Coastal
Buyer's Agent
Brian Bursell
List Price
$199,900
Sold Price
$199,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.83%
Original Mortgage
$196,278
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 19, 2008
Sold by
Us Bank Na
Bought by
Spagnolo Cherine and Spagnolo Robert

Purchase Details

Closed on
Jul 23, 2008
Sold by
Madden Elaine A
Bought by
Us Bank Na
Source: Public Records

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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 $520,000 None Available
Warranty Deed $520,000 None Available
Warranty Deed $199,900 --
Warranty Deed $199,900 --
Deed $162,000 --
Deed $162,000 --
Foreclosure Deed $212,500 --
Foreclosure Deed $212,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $468,000 Purchase Money Mortgage
Closed $468,000 Purchase Money Mortgage
Previous Owner $145,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $195,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $196,278 FHA
Previous Owner $6,996 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $520,000 -1.0% $140 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
06/25/2024 06/25/24 For Sale $525,000 +162.6% $141 / Sq Ft
06/06/2014 06/06/14 Sold $199,900 0.0% $102 / Sq Ft
05/07/2014 05/07/14 Pending -- -- --
04/14/2014 04/14/14 For Sale $199,900 -- $102 / 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 $5,818 $427,500 $102,000 $325,500
2023 $5,506 $291,300 $70,300 $221,000
2022 $5,392 $291,300 $70,300 $221,000
2021 $5,243 $291,300 $70,300 $221,000
2020 $4,943 $238,000 $66,800 $171,200
2019 $4,943 $238,000 $66,800 $171,200
2018 $4,829 $238,000 $66,800 $171,200
2017 $4,418 $192,600 $49,200 $143,400
2016 $4,324 $192,600 $49,200 $143,400
2015 $4,324 $192,600 $49,200 $143,400
2014 $4,173 $182,700 $49,200 $133,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1362417

State-Wide MLS

APN: CRAN-000006-000004-001002