7 Adams St Cranston, RI 02920
Meshanticut NeighborhoodEstimated Value: $526,000 - $617,000
4
Beds
2
Baths
2,154
Sq Ft
$270/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Tennis Courts
- Public Transportation
- Wood Flooring
- 2 Car Detached Garage
- Shops
About This Home
As of August 2023Wonderful 2-family in Western Cranston within walking distance to Meshanticut Park Lake, and Cranston West. Also only a 5-minute drive to Garden City.
Fantastic opportunity for owner-occupied or investor. This property has been meticulously maintained and has an oversized two-plus car garage, a large driveway, and a fenced yard on a dead-end street.
Spacious 1400 square foot first unit is currently a two bedroom but could easily be converted to a 3 bedroom. Additional rooms include living, dining, eat in kitchen, family room, and a flex space option for third bed or home office. Central Air Conditioning in first floor unit.
Second floor unit has 2 bedrooms, dining room, living room, and a walkout to a private deck.
Both units have washer-dryer hookups.
Truly a one of a kind property, being sold as is.
Last Agent to Sell the Property
Coldwell Banker Realty License #RES.0031919 Listed on: 07/07/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,400
Year Built
- Built in 1920
Lot Details
- 7,938 Sq Ft Lot
- Fenced
Parking
- 2 Car Detached Garage
- Driveway
Home Design
- Combination Foundation
- Stone Foundation
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,154 Sq Ft Home
- 2-Story Property
Kitchen
- Oven
- Range
- Dishwasher
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Utilities
- No Cooling
- Central Air
- Heating System Uses Gas
- Baseboard Heating
- Heating System Uses Steam
- Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 269
- Assessor Parcel Number 7ADAMSSTCRAN
Community Details
Overview
- 2 Buildings
- 2 Units
- Western Cranston Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Golf Course Community
- Tennis Courts
Building Details
- Operating Expense $6,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 24, 2024
Sold by
Verrecchia Const Mgmt Llc
Bought by
Verrecchia Stephen and Verrecchia Gina
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,627
Outstanding Balance
$497,298
Interest Rate
6.87%
Mortgage Type
FHA
Estimated Equity
$112,401
Purchase Details
Listed on
Jul 7, 2023
Closed on
Aug 1, 2023
Sold by
Parmele Susan M and Wahl Deborah A
Bought by
Verrecchia Construction M
Seller's Agent
Dave Serpa
Coldwell Banker Realty
Buyer's Agent
Robert Rinn
RE/MAX Professionals
List Price
$509,900
Sold Price
$525,000
Premium/Discount to List
$15,100
2.96%
Views
88
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.28%
Original Mortgage
$400,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Cranston, RI
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Verrecchia Stephen | $580,000 | None Available | |
| Verrecchia Stephen | $580,000 | None Available | |
| Verrecchia Construction M | $525,000 | None Available | |
| Verrecchia Construction M | $525,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Verrecchia Stephen | $501,627 | |
| Closed | Verrecchia Stephen | $501,627 | |
| Previous Owner | Verrecchia Construction M | $400,000 | |
| Previous Owner | Insana Anna | $15,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2023 08/01/23 | Sold | $525,000 | +3.0% | $244 / Sq Ft |
| 07/14/2023 07/14/23 | Pending | -- | -- | -- |
| 07/07/2023 07/07/23 | For Sale | $509,900 | -- | $237 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $6,103 | $448,400 | $112,700 | $335,700 |
| 2023 | $5,205 | $275,400 | $74,200 | $201,200 |
| 2022 | $5,098 | $275,400 | $74,200 | $201,200 |
| 2021 | $4,957 | $275,400 | $74,200 | $201,200 |
| 2020 | $4,854 | $233,700 | $70,600 | $163,100 |
| 2019 | $4,854 | $233,700 | $70,600 | $163,100 |
| 2018 | $4,742 | $233,700 | $70,600 | $163,100 |
| 2017 | $4,641 | $202,300 | $63,600 | $138,700 |
| 2016 | $4,542 | $202,300 | $63,600 | $138,700 |
| 2015 | $4,542 | $202,300 | $63,600 | $138,700 |
| 2014 | $4,346 | $190,300 | $63,600 | $126,700 |
Source: Public Records
Agents Affiliated with this Home
-
Dave Serpa
Seller's Agent in 2023
Dave Serpa
Coldwell Banker Realty
(401) 639-2351
1 in this area
150 Total Sales
-
Robert Rinn
Buyer's Agent in 2023
Robert Rinn
RE/MAX Professionals
(401) 633-5788
1 in this area
292 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1339091
APN: CRAN-000017-000004-000269
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