NOT LISTED FOR SALE

701 Academy Ave Providence, RI 02908

Elmhurst Neighborhood

Estimated Value: $462,602 - $633,000

6 Beds
2 Baths
3,940 Sq Ft
$141/Sq Ft Est. Value

Last Sold July 21, 2020

Last sale price $293,000 $74 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,216/month

123 Days on Market

Highlights

  • Wood Flooring
  • Window Unit Cooling System
  • Laundry Room
  • Recreation Facilities
  • Bathtub with Shower
  • 5-minute walk to Fargnoli Park

About This Home

As of July 2020

Nestled in the desirable Elmhurst neighborhood of Providence. This charming 1920's two family is the perfect investment whether your looking to owner occupy or add to your portfolio. This charming multi-family features spacious open floorplans with gleaming hardwoods, ample amounts of natural light, boasting 6 Bedrooms and 2 Bathrooms in just over 2,000 sq/ft of living space with a spacious yard. Steps from LaSalle Bakery, minutes from downtown providence and highway access this charming home is must see. Welcome home to 701 Academy Avenue! (PLEASE NOTE THIS PROPERTY DOES NOT HAVE OFF STREET PARKING, REAR LOT IS NOT ATTACHED)

Last Agent to Sell the Property

The RR&A Team

Coldwell Banker Realty Listed on: 02/18/2020

Coldwell Banker Realty

Last Buyer's Agent

Nathan Clark

Your Home Sold Guaranteed, NCT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,700

Year Built

  • Built in 1926

Lot Details

  • 4,000

Parking

  • No Garage

Home Design

  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,940 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer

Unfinished Basement

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

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • 4,000 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 110
  • Assessor Parcel Number 701ACADEMYAVPROV

Community Details

Overview

  • 2 Units
  • Elmhurst Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,700

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0918
  • Subdivision Name: Elmhurst
  • Above Grade Finished Sq Ft: 3940.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1926
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Shingle Siding, Wood Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4000.0
  • Parcel #: 701ACADEMYAVPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3700.0
  • Tax Lot: 110
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Jul 21, 2020
Sold by
Perrin Christopher
Bought by
Ruiz Andres
Seller's Agent
The RR&A Team
Coldwell Banker Realty
Buyer's Agent
Nathan Clark
Your Home Sold Guaranteed, NCT
List Price
$299,900
Sold Price
$293,000
Premium/Discount to List
-$6,900
-2.3%
Current Estimated Value
$555,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,651
Avg. Annual Appreciation
12.63%
Original Mortgage
$287,693
Outstanding Balance
$255,107
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$300,544

Purchase Details

Listed on
Aug 19, 2017
Closed on
Feb 12, 2018
Sold by
Salvatore Michael J
Bought by
Perrin Christopher R
Seller's Agent
Julie LeBlanc
HomeSmart Professionals
Buyer's Agent
Bethany Eddy
Coldwell Banker Realty
List Price
$275,000
Sold Price
$260,000
Premium/Discount to List
-$15,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%
Original Mortgage
$255,290
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 2, 2007
Sold by
Fanelli Michael J
Bought by
Salvatore Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ruiz Andres $293,000 None Available
Perrin Christopher R $260,000 --
Salvatore Michael J $257,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz Andres $287,693
Previous Owner Perrin Christopher R $255,290
Previous Owner Salvatore Michael J $224,000
Previous Owner Salvatore Michael J $205,000
Previous Owner Salvatore Michael J $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/21/2020 07/21/20 Sold $293,000 -2.3% $74 / Sq Ft
06/21/2020 06/21/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $299,900 +15.3% $76 / Sq Ft
02/09/2018 02/09/18 Sold $260,000 -5.5% $131 / Sq Ft View Prior Sale
01/10/2018 01/10/18 Pending -- -- --
08/19/2017 08/19/17 For Sale $275,000 -- $139 / 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
2025 $3,620 $479,500 $160,000 $319,500
2024 $6,158 $335,600 $104,000 $231,600
2023 $6,158 $335,600 $104,000 $231,600
2022 $5,974 $335,600 $104,000 $231,600
2021 $6,130 $249,600 $79,300 $170,300
2020 $6,130 $249,600 $79,300 $170,300
2019 $6,130 $249,600 $79,300 $170,300
2018 $5,462 $170,900 $63,800 $107,100
2017 $4,557 $142,600 $63,800 $78,800
2016 $4,557 $142,600 $63,800 $78,800
2015 $4,442 $134,200 $63,800 $70,400
2014 $4,529 $134,200 $63,800 $70,400
2013 $4,529 $134,200 $63,800 $70,400
Source: Public Records

Agents Affiliated with this Home

  • The RR&A Team

    Seller's Agent in 2020

    The RR&A Team

    Coldwell Banker Realty

    (617) 796-6084

    2 in this area

    137 Total Sales

    The RR&A Team
    Section Image
  • Nathan Clark

    Buyer's Agent in 2020

    Nathan Clark

    Your Home Sold Guaranteed, NCT

    (401) 232-8301

    17 in this area

    2,090 Total Sales

    Nathan Clark
    Section Image

  • J

    Seller's Agent in 2018

    Julie LeBlanc

    HomeSmart Professionals

    (401) 785-1700

    35 Total Sales

    Julie LeBlanc
    Section Image
  • Bethany Eddy

    Buyer's Agent in 2018

    Bethany Eddy

    Coldwell Banker Realty

    (401) 580-8014

    20 Total Sales

    Bethany Eddy
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1244861

State-Wide MLS

APN: PROV-850110-000000-000000

Rhode Island Providence County Providence 02908 Elmhurst

701 Academy Ave, Providence, RI

Not Listed for Sale

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