NOT LISTED FOR SALE

7 Franklin Ave Cranston, RI 02920

Arlington Neighborhood

Estimated Value: $470,269 - $574,000

6 Beds
2 Baths
3,663 Sq Ft
$141/Sq Ft Est. Value

Last Sold March 06, 2020

Last sale price $285,000 $78 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $3,227/month

49 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 4-minute walk to Washington Secondary trail

About This Home

As of March 2020

Beautifully renovated investment property! Two family featuring a townhouse-style second & third floor unit with a large master bedroom w/walk-in closet, 3 additional bedrooms on the upper level with brand new carpet, plus a bonus family room for extra living space. Both units offer sun-filled living rooms with large windows and hardwood floors, open kitchens with stainless appliances, updated bathrooms with ceramic floors, and modern fixtures & accents throughout including bean-board wainscoting. Two heating systems, worry-free vinyl siding, and a fenced-in property centrally located with easy highway and shopping access & only minutes to downtown Providence. Gladstone Elementary School, Bain Middle School, and Cranston East High School.

Last Agent to Sell the Property

Justin Russillo

Churchill & Banks Co., LLC License #RES.0042588 Listed on: 12/17/2019

Last Buyer's Agent

Jose Diaz

Keller Williams Coastal License #RES.0035354

Keller Williams Coastal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,058

Year Built

  • Built in 1920

Lot Details

  • 3,065 Sq Ft Lot

Home Design

  • Combination Foundation
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 3,663 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 3678
  • Assessor Parcel Number 7FRANKLINAVCRAN

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,058

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Above Grade Finished Sq Ft: 3663.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3065.0
  • Parcel #: 7FRANKLINAVCRAN
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4058.0
  • Tax Lot: 3678
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2019
Closed on
Mar 6, 2020
Sold by
Sunchine Development Inc
Bought by
Quintanta and Castro Cecilia
Seller's Agent
Justin Russillo
Churchill & Banks Co., LLC
Buyer's Agent
Jose Diaz
Keller Williams Coastal
List Price
$269,900
Sold Price
$285,000
Premium/Discount to List
$15,100
5.59%
Current Estimated Value
$516,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,817
Avg. Annual Appreciation
11.24%
Original Mortgage
$279,837
Outstanding Balance
$252,300
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$264,517

Purchase Details

Closed on
Dec 10, 2019
Sold by
Sunshine Development Inc
Bought by
Magill Timothy

Purchase Details

Closed on
Sep 20, 2019
Sold by
Sunshine Development Inc
Bought by
Magill Timothy

Purchase Details

Closed on
Apr 27, 1995
Sold by
Dempsey Eva B
Bought by
Sloane Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,950
Interest Rate
8.33%
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
Quintanta $285,000 None Available
Magill Timothy $25,000 None Available
Magill Timothy $155,000 --
Sunshine Development Inc $108,000 --
Sloane Betty $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quintanta $279,837
Previous Owner Sloane Betty $73,000
Previous Owner Sloane Betty $79,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2020 03/06/20 Sold $285,000 +5.6% $78 / Sq Ft
02/05/2020 02/05/20 Pending -- -- --
12/17/2019 12/17/19 For Sale $269,900 -- $74 / 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 $5,713 $419,800 $100,900 $318,900
2023 $5,031 $266,200 $44,300 $221,900
2022 $4,927 $266,200 $44,300 $221,900
2021 $4,792 $266,200 $44,300 $221,900
2020 $3,791 $182,500 $34,800 $147,700
2019 $3,791 $182,500 $34,800 $147,700
2018 $3,703 $182,500 $34,800 $147,700
2017 $3,028 $132,000 $15,800 $116,200
2016 $2,963 $132,000 $15,800 $116,200
2015 $2,963 $132,000 $15,800 $116,200
2014 $2,741 $120,000 $15,800 $104,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Justin Russillo

    Churchill & Banks Co., LLC

    (401) 226-4488

    35 Total Sales

    Justin Russillo
    Section Image
  • Jose Diaz

    Buyer's Agent in 2020

    Jose Diaz

    Keller Williams Coastal

    (401) 261-8747

    142 Total Sales

    Jose Diaz
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1243251

State-Wide MLS

APN: CRAN-000007-000002-003678

Rhode Island Providence County Cranston 02920 Arlington

7 Franklin Ave, Cranston, RI

This home is located at 7 Franklin Ave, Cranston, RI 02920 since 17 December 2019 and is currently estimated at $516,817, approximately $141 per square foot. This property was built in 1920. 7 Franklin Ave is a home located in Providence County with nearby schools including Hugh B. Bain Middle School, Cranston High School East, and Achievement First Iluminar Mayoral Academy.

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