NOT LISTED FOR SALE

641 Broad St Central Falls, RI 02863

Estimated Value: $442,000 - $626,000

3 Beds
2 Baths
2,687 Sq Ft
$192/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $490,000 $182 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,019/month

17 Days on Market

Highlights

  • Wood Flooring
  • Recreation Facilities
  • Cooling System Mounted In Outer Wall Opening
  • Corner Lot
  • 2 Car Attached Garage
  • 1-minute walk to Jenks Park

About This Home

As of February 2024

New Year ~ New Opportunity. Desirable multi-family location situated on a corner lot on Broad St. Unique investment opportunity as the first level boasts 1208 square ft of potential commercial space with an additional 500 square foot added basement space; along with a 2 car garage with private parking. This well maintained mixed use commercial-residential multifamily features a forced hot air system, new hot water tanks, separate utilities and a sprinkler system for the charming fenced in yard. Location Location Location - This property has a lot to offer - Looking to discover its highest and best use - Must See!! First Showing at Open House Saturday 12 PM - 2 PM HIGHEST AND BEST BY TUESDAY 1/2/2023 BY 5PM

Last Agent to Sell the Property

Justin Freitas

CENTURY 21 Gonsalves - Pastore License #RES.0047132 Listed on: 12/28/2023

CENTURY 21 Gonsalves - Pastore

Last Buyer's Agent

Justin Freitas

CENTURY 21 Gonsalves - Pastore License #RES.0047132 Listed on: 12/28/2023

CENTURY 21 Gonsalves - Pastore

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,506

Year Built

  • Built in 1900

Lot Details

  • 5,805 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 2,687 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Laundry in unit

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Partially Finished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Water Heater

Listing and Financial Details

  • Tax Lot 148
  • Assessor Parcel Number 641BROADSTCFLS

Community Details

Overview

  • 2 Units

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,506

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1333
  • Above Grade Finished Sq Ft: 2687.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Has Basement: Exterior Entry, Interior Entry, Partial, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Tub Shower
  • Dining Room Type: Storage Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Exterior Features: Patio
  • Patio And Porch Features: Patio

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 7.0

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: Central Air, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5805.0
  • Parcel #: 641BROADSTCFLS
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5506.0
  • Tax Lot: 148

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2023
Closed on
Feb 16, 2024
Sold by
Taveira Luis A and Taveira Maria H
Bought by
Regus Rlty Llc
Seller's Agent
Justin Freitas
CENTURY 21 Gonsalves - Pastore
Buyer's Agent
Justin Freitas
CENTURY 21 Gonsalves - Pastore
List Price
$499,900
Sold Price
$490,000
Premium/Discount to List
-$9,900
-1.98%
Views
17
Current Estimated Value
$505,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,766
Avg. Annual Appreciation
2.67%
Original Mortgage
$374,250
Outstanding Balance
$366,169
Interest Rate
6.62%
Mortgage Type
Commercial
Estimated Equity
$150,463

Purchase Details

Closed on
Oct 27, 2015
Sold by
Taveira Luis A and Taveira Maria
Bought by
Franco Helena M

Purchase Details

Closed on
Aug 11, 1993
Sold by
Donofrio Maria F S
Bought by
Taveira Luis A and Taveira Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 11, 1989
Sold by
Lussier Tr Jeanne
Bought by
Donofrio Maria F S
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
Regus Rlty Llc $499,000 None Available
Regus Rlty Llc $499,000 None Available
Regus Rlty Llc $499,000 None Available
Franco Helena M -- --
Franco Helena M -- --
Taveira Luis A $87,500 --
Taveira Luis A $87,500 --
Donofrio Maria F S $85,000 --
Donofrio Maria F S $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Regus Rlty Llc $374,250
Closed Regus Rlty Llc $374,250
Previous Owner Donofrio Maria F S $165,000
Previous Owner Donofrio Maria F S $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2024 02/16/24 Sold $490,000 -2.0% $182 / Sq Ft
01/15/2024 01/15/24 Pending -- -- --
12/28/2023 12/28/23 For Sale $499,900 -- $186 / 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 $4,716 $357,000 $105,800 $251,200
2024 -- $250,400 $138,400 $112,000
2023 $0 $250,400 $138,400 $112,000
2022 $0 $250,400 $138,400 $112,000
2021 $0 $238,100 $130,300 $107,800
2020 $0 $238,100 $130,300 $107,800
2019 $3,495 $238,100 $130,300 $107,800
2018 $0 $227,700 $117,800 $109,900
2017 $0 $227,700 $117,800 $109,900
2016 -- $227,700 $117,800 $109,900
2015 -- $209,700 $117,800 $91,900
2014 -- $209,700 $117,800 $91,900
2013 -- $209,700 $117,800 $91,900
Source: Public Records

Agents Affiliated with this Home

  • Justin Freitas

    Seller's Agent in 2024

    Justin Freitas

    CENTURY 21 Gonsalves - Pastore

    (401) 288-7659

    5 in this area

    39 Total Sales

    Justin Freitas
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Map

Source: State-Wide MLS

MLS Number: 1350141

State-Wide MLS

APN: CENT-000001-000000-000148

Rhode Island Providence County Central Falls 02863

641 Broad St, Central Falls, RI

Not Listed for Sale

MultiFamily

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