NOT LISTED FOR SALE

622 Smith St Providence, RI 02908

Elmhurst Neighborhood

Estimated Value: $598,904 - $669,000

6 Beds
2 Baths
3,328 Sq Ft
$190/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $425,000 $128 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,007/month

19 Days on Market

Highlights

  • Recreation Facilities
  • Laundry Room
  • Shops
  • Bathtub with Shower
  • Public Transportation
  • 4-minute walk to Davis Park

About This Home

As of June 2021

Turn key multi family. Located in the desirable Smith Street Providence College Area. All apartments well maintained, including central air, with parking in the back. This two family also has 3 bedrooms and 1 bath each floor along with a finished basement. You don't want to miss this opportunity to own this well established rental.

Last Agent to Sell the Property

Jeffrey Wolstencroft

RI Real Estate Services License #RES.0034288 Listed on: 04/12/2021

RI Real Estate Services

Last Buyer's Agent

Qinglu Zhu

Coastline Realty LLC License #REC.0018933

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,752

Year Built

  • Built in 2005

Lot Details

  • 2,200

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Finished Basement

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

Parking

  • 5 Parking Spaces
  • No Garage

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater

Additional Features

  • 2,200 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 169
  • Assessor Parcel Number 622SMITHSTPROV

Community Details

Overview

  • 2 Units
  • Elmhurst Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,752

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0505
  • Subdivision Name: Elmhurst
  • Above Grade Finished Sq Ft: 3328.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Carpet, Laminate, Other
  • Interior Amenities: Tub Shower
  • Dining Room Type: Bathroom, Bedroom, Kitchen, Laundry, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Sewer Assessment(s)
  • Utilities: Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2200.0
  • Parcel #: 622SMITHSTPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3752.0
  • Tax Lot: 169
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2021
Closed on
Jun 1, 2021
Sold by
Correia Neal P
Bought by
Chen Xue X
Seller's Agent
Jeffrey Wolstencroft
RI Real Estate Services
Buyer's Agent
Qinglu Zhu
Coastline Realty LLC
List Price
$409,999
Sold Price
$425,000
Premium/Discount to List
$15,001
3.66%
Current Estimated Value
$633,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,976
Avg. Annual Appreciation
9.04%
Original Mortgage
$276,200
Outstanding Balance
$256,563
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$377,413

Purchase Details

Closed on
May 17, 2005
Sold by
Srs Prop Dev Llc
Bought by
Correia Neal P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,720
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2003
Sold by
Wasson Michael G and Wasson Lucretia R
Bought by
Std Building Co
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Chen Xue X $425,000 None Available
Correia Neal P $334,000 --
Std Building Co $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Xue X $276,200
Previous Owner Std Building Co $300,000
Previous Owner Std Building Co $43,000
Previous Owner Std Building Co $266,720
Previous Owner Std Building Co $66,680
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2021 06/01/21 Sold $425,000 +3.7% $128 / Sq Ft
05/02/2021 05/02/21 Pending -- -- --
04/12/2021 04/12/21 For Sale $409,999 -- $123 / 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 $8,309 $593,500 $208,000 $385,500
2024 $7,173 $390,900 $104,000 $286,900
2023 $7,173 $390,900 $104,000 $286,900
2022 $6,958 $390,900 $104,000 $286,900
2021 $6,263 $255,000 $67,100 $187,900
2020 $6,263 $255,000 $67,100 $187,900
2019 $6,263 $255,000 $67,100 $187,900
2018 $5,798 $181,400 $55,400 $126,000
2017 $5,798 $181,400 $55,400 $126,000
2016 $5,798 $181,400 $55,400 $126,000
2015 $4,991 $150,800 $45,900 $104,900
2014 $5,090 $150,800 $45,900 $104,900
2013 $5,090 $150,800 $45,900 $104,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jeffrey Wolstencroft

    RI Real Estate Services

    Section Image
  • Qinglu Zhu

    Buyer's Agent in 2021

    Qinglu Zhu

    Coastline Realty LLC

    (917) 285-4007

    1 in this area

    87 Total Sales

    Qinglu Zhu
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1279847

State-Wide MLS

APN: PROV-820169-000000-000000

Rhode Island Providence County Providence 02908 Elmhurst

622 Smith St, Providence, RI

Not Listed for Sale

MultiFamily

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