NOT LISTED FOR SALE

62 Progress Ave Providence, RI 02909

Silver Lake Neighborhood

Estimated Value: $643,000 - $684,000

6 Beds
3 Baths
4,922 Sq Ft
$136/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $492,000 $100 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,985/month

5 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • 2 Car Detached Garage
  • Deck
  • Recreation Facilities
  • 4-minute walk to James Ahern Park

About This Home

As of August 2022

Well maintained 3 family home located in Silver Lake. This 3 Family home features 2 bedrooms on 1st & 2nd floor unit double parlor and eat-in-kitchen with pantries. The 3rd unit features 1 bedroom. This property features 2 car garage.

Last Agent to Sell the Property

Braulio Diaz

The Network License #REB.0018508 Listed on: 06/16/2022

Last Buyer's Agent

Fernanda Diaz

The Network License #RES.0046217

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,844

Year Built

  • Built in 1918

Lot Details

  • 3,920

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 4,922 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Finished Basement

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

Outdoor Features

  • Deck
  • Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • 100 Amp Service
  • Oil Water Heater

Additional Features

  • 3,920 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 335
  • Assessor Parcel Number 62PROGRESSAVPROV

Community Details

Overview

  • 3 Units
  • Silver Lake Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,844

Year Built

Built in 1918

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Subdivision Name: Silver Lake
  • Above Grade Finished Sq Ft: 4922.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1918
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Oil Water Heater, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding, Wood Siding
  • Exterior Features: Deck, Porch
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.0
  • Parcel #: 62PROGRESSAVPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2844.0
  • Tax Lot: 335
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2022
Closed on
Aug 11, 2022
Sold by
Valentine Shilkys M
Bought by
Sanchez Alan A and Sanchez Rocio
Seller's Agent
Braulio Diaz
The Network
Buyer's Agent
Fernanda Diaz
The Network
List Price
$479,900
Sold Price
$492,000
Premium/Discount to List
$12,100
2.52%
Current Estimated Value
$699,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,818
Avg. Annual Appreciation
9.27%
Original Mortgage
$483,088
Outstanding Balance
$462,545
Interest Rate
5.7%
Mortgage Type
FHA
Estimated Equity
$204,815

Purchase Details

Listed on
Jul 2, 2021
Closed on
Sep 24, 2021
Sold by
Medbury Gail E
Bought by
Valentine Shilkys M
Seller's Agent
Christopher Sutherland
Weichert REALTORS-Atlantic Prp
Buyer's Agent
Braulio Diaz
The Network
List Price
$370,000
Sold Price
$370,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.24%
Original Mortgage
$277,500
Interest Rate
2.8%
Mortgage Type
Commercial
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
Sanchez Alan A $492,000 None Available
Valentine Shilkys M $370,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Alan A $483,088
Previous Owner Valentine Shilkys M $277,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/12/2022 08/12/22 Sold $492,000 +2.5% $100 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $479,900 +29.7% $98 / Sq Ft
09/24/2021 09/24/21 Sold $370,000 0.0% $65 / Sq Ft View Prior Sale
08/25/2021 08/25/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $370,000 -- $65 / 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 $4,341 $575,000 $128,000 $447,000
2024 $6,747 $367,700 $72,000 $295,700
2023 $6,747 $367,700 $72,000 $295,700
2022 $6,545 $367,700 $72,000 $295,700
2021 $5,592 $227,700 $45,800 $181,900
2020 $5,592 $227,700 $45,800 $181,900
2019 $5,592 $227,700 $45,800 $181,900
2018 $4,842 $151,500 $44,400 $107,100
2017 $4,842 $151,500 $44,400 $107,100
2016 $4,842 $151,500 $44,400 $107,100
2015 $4,349 $131,400 $47,100 $84,300
2014 $4,435 $131,400 $47,100 $84,300
2013 $4,435 $131,400 $47,100 $84,300
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Braulio Diaz

    The Network

    (401) 636-1985

    13 in this area

    177 Total Sales

    Braulio Diaz
    Section Image

  • F

    Buyer's Agent in 2022

    Fernanda Diaz

    The Network

    (401) 489-1364

    6 in this area

    61 Total Sales

    Fernanda Diaz
    Section Image

  • C

    Seller's Agent in 2021

    Christopher Sutherland

    Weichert REALTORS-Atlantic Prp

    (718) 753-8771

    1 in this area

    27 Total Sales

    Christopher Sutherland
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1313209

State-Wide MLS

APN: PROV-001040-000335-000000

Rhode Island Providence County Providence 02909 Silver Lake

62 Progress Ave, Providence, RI

Not Listed for Sale

MultiFamily

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