NOT LISTED FOR SALE

61 Bancroft St Providence, RI 02909

Silver Lake Neighborhood

Estimated Value: $477,341 - $628,000

8 Beds
3 Baths
3,185 Sq Ft
$177/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $262,000 $82 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $3,280/month

1 Day on Market

Highlights

  • Wood Flooring
  • Public Transportation
  • Baseboard Heating
  • Recreation Facilities
  • Restaurant

About This Home

As of September 2023

SHORT SALE. No trespassing , please do not show up at the property. All communication with Listing agent. Investors take notice. This multi-family home is located at 61-63 Bancroft St, Providence, RI. located in Silver lake neighborhood of Providence. Sold AS IS. This property has 8 bedrooms, 3 bathrooms and approximately 3,241 sqft of floor space. Unit 1 and 2 have 3 bedrooms each. Unit 3 has 2 bedrooms. Potential 4 unit in the basement level. This property has a lot size of 4791 sqft and was built in 1920.

Last Agent to Sell the Property

Carmen Bonilla

eXp Realty License #RES.0047163 Listed on: 04/13/2023

eXp Realty

Last Buyer's Agent

Marisela Vasquez

My Dream Home Realty License #REB.0018925

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,714

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,185 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Kitchen

  • Oven
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage

Utilities

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

Listing and Financial Details

  • Tax Lot 338
  • Assessor Parcel Number 61-63BANCROFTSTPROV

Community Details

Overview

  • 3 Units
  • Silver Lake Subdivision

Amenities

  • Restaurant
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,714

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Subdivision Name: Silver Lake
  • Above Grade Finished Sq Ft: 3185.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: 12

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Microwave, Oven, Range, Refrigerator
  • Has Basement: Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Bathtub
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: See Remarks

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4792.0
  • Parcel #: 61-63BANCROFTSTPROV
  • Zoning: R-3
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3714.0
  • Tax Lot: 338
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2024
Sold by
Vasquez Pro Llc
Bought by
Cabrera-Ramirez C R
Current Estimated Value
$565,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Outstanding Balance
$373,450
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$191,885

Purchase Details

Listed on
Apr 13, 2023
Closed on
Sep 6, 2023
Sold by
Melger Luis R
Bought by
Vasquez Pro Llc
Seller's Agent
Carmen Bonilla
eXp Realty
Buyer's Agent
Marisela Vasquez
My Dream Home Realty
List Price
$250,000
Sold Price
$262,000
Premium/Discount to List
$12,000
4.8%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.33%

Purchase Details

Closed on
Dec 22, 2004
Sold by
Mayorga Manuel J and Mayorga Morena D
Bought by
Melgar Luis R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,450
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Cabrera-Ramirez C R $400,000 None Available
Vasquez Pro Llc $262,000 None Available
Melgar Luis R $288,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cabrera-Ramirez C R $380,000
Previous Owner Melgar Luis R $272,000
Previous Owner Melgar Luis R $34,000
Previous Owner Melgar Luis R $60,000
Previous Owner Melgar Luis R $201,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2023 09/08/23 Sold $262,000 +4.8% $82 / Sq Ft
04/14/2023 04/14/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $250,000 -- $78 / 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
2025 $4,233 $560,700 $129,600 $431,100
2024 $6,962 $379,400 $72,900 $306,500
2023 $6,962 $379,400 $72,900 $306,500
2022 $6,753 $379,400 $72,900 $306,500
2021 $6,344 $258,300 $48,300 $210,000
2020 $6,344 $258,300 $48,300 $210,000
2019 $6,344 $258,300 $48,300 $210,000
2018 $5,286 $165,400 $46,800 $118,600
2017 $5,286 $165,400 $46,800 $118,600
2016 $5,286 $165,400 $46,800 $118,600
2015 $4,310 $130,200 $49,700 $80,500
2014 $4,394 $130,200 $49,700 $80,500
2013 $4,266 $126,400 $49,700 $76,700
Source: Public Records

Agents Affiliated with this Home

  • Carmen Bonilla

    Seller's Agent in 2023

    Carmen Bonilla

    eXp Realty

    (401) 868-0298

    1 in this area

    9 Total Sales

    Carmen Bonilla
    Section Image
  • Marisela Vasquez

    Buyer's Agent in 2023

    Marisela Vasquez

    My Dream Home Realty

    (401) 499-6945

    20 in this area

    200 Total Sales

    Marisela Vasquez
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1333415

State-Wide MLS

APN: PROV-001080-000395-000000

Rhode Island Providence County Providence 02909 Silver Lake

61 Bancroft St, Providence, RI

Not Listed for Sale

MultiFamily

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