$70,000
SOLD AUG 21, 2020

7 Elder Place Providence, RI 02909

Silver Lake Neighborhood
4 Beds
2 Baths
2,112 Sq Ft
4,500 Sq Ft Lot

Recently Sold

$33 Per Sq Ft

12% Below List Price

19 Days on Market

Highlights

  • Under Construction
  • Public Transportation
  • Heating System Uses Gas

About This Home

As of May 2021

Who needs a flip? Two Family. Investment property. Property is Being Sold As Is. Newly vinyl outside, new roof. Inside has been completely gutted. Priced way under assessment for a quick sale.

Last Agent to Sell the Property

Stacey Garcia

Keller Williams Leading Edge Listed on: 07/02/2020

Keller Williams Leading Edge

Last Buyer's Agent

Stacey Garcia

Keller Williams Leading Edge Listed on: 07/02/2020

Keller Williams Leading Edge

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905 | Under Construction

Lot Details

  • 4,500 Sq Ft Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,112 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • 3 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • 2 Units
  • Public Transportation

Listing and Financial Details

  • Tax Lot 494
  • Assessor Parcel Number 7ELDERPLPROV

Property Details

Home Type

Multi-Family

Year Built

Built in 1905 | Under Construction

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1033
  • Above Grade Finished Sq Ft: 2112.0
  • Garage Yn: No
  • New Construction: Yes
  • Year Built: 1905
  • Special Features: NewHome

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Other
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Property Condition: Under Construction

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, None
  • Heating Yn: No
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Public Transportation
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4500.0
  • Parcel #: 7ELDERPLPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4150.0
  • Tax Lot: 494
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2021
Closed on
May 24, 2021
Sold by
J & D Re Investments Inc
Bought by
Arias Jessica V
Seller's Agent
Samuel Alba
Innovations Realty
Buyer's Agent
Rosalba Hiraldo
The Premium Group Real Estate
List Price
$235,000
Sold Price
$257,000
Premium/Discount to List
$22,000
9.36%
Current Estimated Value
$358,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,846
Avg. Annual Appreciation
8.29%
Original Mortgage
$252,345
Outstanding Balance
$229,657
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$129,189

Purchase Details

Closed on
Oct 19, 2017
Sold by
Brigg Llc
Bought by
Simons Sergio and Simoes Dora

Purchase Details

Closed on
Aug 9, 2017
Sold by
Agenc Providence Redev
Bought by
Brigg Llc

Purchase Details

Closed on
Jul 26, 2017
Sold by
Davis Wilbur L
Bought by
Brigg Llc

Purchase Details

Closed on
Jan 26, 2015
Sold by
Davis Wilbur L and Providence City Of
Bought by
Davis Wilbur L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2015
Sold by
Conley Gail C
Bought by
Davis Wilbur L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2013
Sold by
Cp Investments Llc
Bought by
Cp Investments Llc

Purchase Details

Closed on
May 9, 2011
Sold by
Eh Pooled 1210 Lp
Bought by
Cp Investments Llc

Purchase Details

Closed on
Mar 21, 2011
Sold by
Hsbc Bank Usa
Bought by
Eh Pooled 1210 Lp

Purchase Details

Closed on
Oct 6, 2010
Sold by
Aso Eze
Bought by
Hsbc Bank Usa
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $257,000 None Available
Warranty Deed $29,500 --
Quit Claim Deed $6,221 --
Quit Claim Deed -- --
Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Deed $4,259 --
Deed $19,500 --
Deed $18,827 --
Foreclosure Deed $50,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $29,652 VA
Closed $9,055 FHA
Open $252,345 FHA
Closed $252,345 FHA
Previous Owner $47,000 New Conventional
Previous Owner $36,800 No Value Available
Previous Owner $36,600 No Value Available
Previous Owner $27,979 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2021 05/24/21 Sold $257,000 +9.4% $214 / Sq Ft
04/24/2021 04/24/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $235,000 +235.7% $196 / Sq Ft
08/21/2020 08/21/20 Sold $70,000 -12.5% $33 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $79,999 -- $38 / 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 $4,255 $231,900 $70,600 $161,300
2023 $4,255 $231,900 $70,600 $161,300
2022 $4,128 $231,900 $70,600 $161,300
2021 $3,060 $124,600 $44,800 $79,800
2020 $2,721 $110,800 $44,800 $66,000
2019 $4,153 $169,100 $44,800 $124,300
2018 $2,455 $76,800 $43,500 $33,300
2017 $2,455 $76,800 $43,500 $33,300
2016 $2,455 $76,800 $43,500 $33,300
2015 $2,900 $87,600 $46,200 $41,400
2014 $2,957 $87,600 $46,200 $41,400
2013 $2,957 $87,600 $46,200 $41,400
Source: Public Records

Agents Affiliated with this Home

  • Samuel Alba

    Seller's Agent in 2021

    Samuel Alba

    Innovations Realty

    (401) 640-0036

    16 in this area

    622 Total Sales

    Section Image
  • Rosalba Hiraldo

    Buyer's Agent in 2021

    Rosalba Hiraldo

    The Premium Group Real Estate

    (401) 489-9244

    4 in this area

    43 Total Sales

    Section Image
  • Stacey Garcia

    Seller's Agent in 2020

    Stacey Garcia

    Keller Williams Leading Edge

    (401) 226-8570

    1 in this area

    142 Total Sales

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Map

Source: State-Wide MLS

MLS Number: 1257899

State-Wide MLS

APN: PROV-001080-000494-000000

Rhode Island Providence County Providence 02909 Silver Lake

7 Elder Place, Providence, RI

This home is located at 7 Elder Place, Providence, RI 02909 and is currently priced at $70,000, approximately $33 per square foot. This property was built in 1905. 7 Elder Place is a home located in Providence County with nearby schools including Charles N. Fortes Elementary School, Asa Messer Elementary School, and Laurel Hill Annex School.

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