NOT LISTED FOR SALE

7 Adams St Cranston, RI 02920

Meshanticut Neighborhood

Estimated Value: $577,000 - $627,000

4 Beds
2 Baths
2,154 Sq Ft
$278/Sq Ft Est. Value

Last Sold August 01, 2023

Last sale price $525,000 $244 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,686/month

6 Days on Market

Highlights

  • Golf Course Community
  • Wood Flooring
  • 2 Car Detached Garage
  • Cranston High School West Rated 9+
  • Tennis Courts
  • Public Transportation

About This Home

As of August 2023

Wonderful 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

Dave Serpa

Coldwell Banker Realty License #RES.0031919 Listed on: 07/07/2023

Coldwell Banker Realty

Last Buyer's Agent

Robert Rinn

RE/MAX Professionals License #RES.0044179

RE/MAX Professionals

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
  • Hot Water Heating System
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,400

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1822
  • Subdivision Name: Western Cranston
  • Above Grade Finished Sq Ft: 2154.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Dishwasher, Disposal, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Cable TV
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Combination, Concrete Perimeter, Stone

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 11.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air, None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water, Steam
  • Heating Yn: Yes
  • Electric: 150 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Schools, Public Transportation, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7938.0
  • Parcel #: 7ADAMSSTCRAN
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 6500.0

Tax Info

  • Tax Annual Amount: 4400.0
  • Tax Lot: 269
  • Tax Year: 2022

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
$599,123

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
7.17%
Original Mortgage
$400,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
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
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

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
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

    136 Total Sales

    Dave Serpa
    Section Image
  • Robert Rinn

    Buyer's Agent in 2023

    Robert Rinn

    RE/MAX Professionals

    (401) 633-5788

    1 in this area

    295 Total Sales

    Robert Rinn
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1339091

State-Wide MLS

APN: CRAN-000017-000004-000269

Rhode Island Providence County Cranston 02920 Meshanticut

7 Adams St, Cranston, RI

This home is located at 7 Adams St, Cranston, RI 02920 since 07 July 2023 and is currently estimated at $599,123, approximately $278 per square foot. This property was built in 1920. 7 Adams St is a home located in Providence County with nearby schools including George J. Peters School, Western Hills Middle School, and Cranston High School West.

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