Seller's Agent in 2025
The DiSpirito Team
Engel & Volkers Oceanside
(401) 244-8355
9 in this area
474 Total Sales
63 Park Ave Cranston, RI 02905
Edgewood Neighborhood
5
Beds
2
Baths
5,188
Sq Ft
5,663
Sq Ft Lot
Highlights
- Wood Flooring
- 2 Car Detached Garage
- Laundry Room
- Tennis Courts
- Bathtub with Shower
- 3-minute walk to Fay Memorial Field
About This Home
As of June 2025Incredible opportunity in the highly sought-after Edgewood neighborhood of Cranston! This spacious and versatile 2-family home with a third-floor in-law setup is ideal for both owner-occupants and savvy investors. The first and second floors each offer large 3-bedroom apartments with in-unit laundry and generous layouts. The third floor features a studio-style unit with a full kitchen, bath, and its own laundry perfect for extended family, guests, or added income. Separate utilities, off-street parking, a 2-car garage, and a private yard add to the appeal. The property is in excellent, turn-key condition with a 4-year-old roof, updated systems, and well-maintained interiors. Located just minutes from Johnson & Wales Harborside campus, hospitals, downtown Providence, and major highways, this home offers convenience, comfort, and excellent rental income potential. Whether you're looking to live in one unit or expand your portfolio, 61-63 Park Ave is a must-see!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,265
Year Built
- Built in 1925
Parking
- 2 Car Detached Garage
- Driveway
Home Design
- Vinyl Siding
- Concrete Perimeter Foundation
- Plaster
Interior Spaces
- 5,188 Sq Ft Home
- 3-Story Property
- Storage Room
- Utility Room
Kitchen
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- No Cooling
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- 100 Amp Service
- Gas Water Heater
Additional Features
- 5,663 Sq Ft Lot
- Property near a hospital
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 3450
- Assessor Parcel Number 63PARKAVCRAN
Community Details
Overview
- 3 Buildings
- 2 Units
- Edgewood Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Tennis Courts
- Recreation Facilities
Building Details
- Operating Expense $5,043
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 9, 2025
Closed on
Jun 17, 2025
Sold by
Robert J Pavia Jr Relt J and Robert Pavia
Bought by
Cabral Vargas Diogenes R and Decabral Yesenia G
Seller's Agent
The DiSpirito Team
Engel & Volkers Oceanside
Buyer's Agent
Indira Ruiz
D'Empire Real Estate LLC
List Price
$595,000
Sold Price
$650,000
Premium/Discount to List
$55,000
9.24%
Views
41
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,991
Avg. Annual Appreciation
5.88%
Original Mortgage
$611,000
Outstanding Balance
$608,345
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$71,646
Purchase Details
Closed on
Dec 23, 1993
Sold by
Vidos Ray J and Vidos Katherine
Bought by
Pavia Robert J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
7%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $650,000 | None Available | |
| Deed | $650,000 | None Available | |
| Warranty Deed | $119,000 | -- | |
| Warranty Deed | $119,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $611,000 | Purchase Money Mortgage | |
| Closed | $611,000 | Purchase Money Mortgage | |
| Previous Owner | $17,000 | No Value Available | |
| Previous Owner | $113,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | Sold | $650,000 | +9.2% | $125 / Sq Ft |
| 04/15/2025 04/15/25 | Pending | -- | -- | -- |
| 04/09/2025 04/09/25 | For Sale | $595,000 | -- | $115 / Sq Ft |
Source: State-Wide MLS
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 | $6,389 | $460,300 | $108,500 | $351,800 |
| 2024 | $6,265 | $460,300 | $108,500 | $351,800 |
| 2023 | $5,895 | $311,900 | $71,500 | $240,400 |
| 2022 | $5,773 | $311,900 | $71,500 | $240,400 |
| 2021 | $5,614 | $311,900 | $71,500 | $240,400 |
| 2020 | $5,413 | $260,600 | $68,100 | $192,500 |
| 2019 | $5,413 | $260,600 | $68,100 | $192,500 |
| 2018 | $5,288 | $260,600 | $68,100 | $192,500 |
| 2017 | $4,758 | $207,400 | $61,200 | $146,200 |
| 2016 | $4,656 | $207,400 | $61,200 | $146,200 |
| 2015 | $4,656 | $207,400 | $61,200 | $146,200 |
| 2014 | $4,461 | $195,300 | $61,200 | $134,100 |
Source: Public Records
Agents Affiliated with this Home
-
The DiSpirito Team
-
Indira Ruiz
I
Buyer's Agent in 2025
Indira Ruiz
D'Empire Real Estate LLC
(401) 617-6274
1 in this area
35 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1382003
APN: CRAN-000002-000005-003450
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