NOT LISTED FOR SALE

618 Reservoir Ave Cranston, RI 02910

Auburn Neighborhood

Estimated Value: $560,896

8 Beds
3 Baths
4,048 Sq Ft
$139/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $407,000 $101 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,379/month

68 Days on Market

Highlights

  • Wood Flooring
  • Storage Room
  • Fenced
  • Bathtub with Shower
  • Central Air
  • Paved or Partially Paved Lot

About This Home

As of November 2021

EXCELLENT LARGE 3 UNIT MULTI-FAMILY HOME! GREAT OWNER OCCUPANT OR INVESTMENT OPPORTUNITY FIRST FLOOR IS COMMERICAL SO EITHER A COMMERICAL RENTAL UNIT OR A RESIDENTIAL RENTAL UNIT! FIRST FLOOR COULD BE A 2 BEDROOM WITH LIVING ROOM AND KITCHEN OR 3 ROOM WITH KITCHEN COMMERICAL RENTAL. SECOND FLOOR 3 BEDROOM DINING ROOM AND LIVING ROOM, AND THIRD FLOOR 3 BEDROOM AND LIVING ROOM OR 2 BEDROOM WITH LIVING ROOM AND DINING ROOM SO MUCH POTENTIAL FOR YOU OR FOR RENTAL OPTIONS! LOTS OF UPDATES AS WELL! ALSO, THERE IS A NICE PARKING LOT IN THE BACK OF THE HOME SO PARKING IS NOT A PROBLEM

Last Agent to Sell the Property

Lori Mccaughey

HomeSmart Professionals License #RES.0041887 Listed on: 08/15/2021

HomeSmart Professionals

Last Buyer's Agent

Vincent Letizia

J. Christopher Real Estate Grp License #RES.0041168

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,302

Year Built

  • Built in 1923

Lot Details

  • 4,869 Sq Ft Lot
  • Fenced
  • Paved or Partially Paved Lot

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,048 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Utility Room
  • Wood Flooring

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Finished Basement

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

Parking

  • 5 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Central Air
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • 3 Units
  • Operating Expense $8,000

Listing and Financial Details

  • Tax Lot 2197
  • Assessor Parcel Number 618RESERVOIRAVCRAN

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,302

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1118
  • Above Grade Finished Sq Ft: 4048.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower
  • Dining Room Type: Bathroom, Bedroom, Kitchen, Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Paved
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4869.0
  • Parcel #: 618RESERVOIRAVCRAN
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 8000.0

Tax Info

  • Tax Annual Amount: 6302.1
  • Tax Lot: 2197
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2021
Closed on
Nov 19, 2021
Sold by
Reservoir Properties Llc
Bought by
Andreoli Gianni B
Seller's Agent
Lori Mccaughey
HomeSmart Professionals
Buyer's Agent
Vincent Letizia
J. Christopher Real Estate Grp
List Price
$369,900
Sold Price
$407,000
Premium/Discount to List
$37,100
10.03%
Current Estimated Value
$560,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,896
Avg. Annual Appreciation
8.35%
Original Mortgage
$399,628
Outstanding Balance
$366,190
Interest Rate
2.99%
Mortgage Type
FHA
Estimated Equity
$194,706
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
Andreoli Gianni B $407,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andreoli Gianni B $399,628
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2021 11/22/21 Sold $407,000 +10.0% $101 / Sq Ft
10/23/2021 10/23/21 Pending -- -- --
08/15/2021 08/15/21 For Sale $369,900 +38.0% $91 / Sq Ft
10/09/2020 10/09/20 Sold $268,000 -4.3% $75 / Sq Ft View Prior Sale
09/09/2020 09/09/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $279,900 -- $79 / 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 $5,111 $368,200 $113,500 $254,700
2024 -- $368,200 $113,500 $254,700
2023 $0 $304,400 $97,300 $207,100
2022 $0 $304,400 $97,300 $207,100
2021 $0 $304,400 $97,300 $207,100
2020 $0 $256,600 $102,800 $153,800
2019 $0 $256,600 $102,800 $153,800
2018 $0 $256,600 $102,800 $153,800
2017 $0 $234,400 $93,400 $141,000
2016 -- $234,400 $93,400 $141,000
2015 -- $234,400 $93,400 $141,000
2014 -- $266,200 $156,000 $110,200
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lori Mccaughey

    HomeSmart Professionals

    Section Image
  • Vincent Letizia

    Buyer's Agent in 2021

    Vincent Letizia

    J. Christopher Real Estate Grp

    (401) 999-7355

    1 in this area

    51 Total Sales

    Vincent Letizia
    Section Image

  • P

    Seller's Agent in 2020

    Paul Sczerbinski

    Land Realty

    1 in this area

    4 Total Sales

    Paul Sczerbinski
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1291113

State-Wide MLS

APN: CRAN-000006-000002-002197

Rhode Island Providence County Cranston 02910 Auburn

618 Reservoir Ave, Cranston, RI

Not Listed for Sale

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