$260,000
SOLD FEB 9, 2018

701 Academy Ave Providence, RI 02908

Elmhurst Neighborhood
6 Beds
2 Baths
1,981 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$131 Per Sq Ft

5% Below List Price

143 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Window Unit Cooling System
  • Golf Course Community
  • Tennis Courts
  • 5-minute walk to Fargnoli Park

About This Home

As of July 2020

Freshly painted exterior! Well maintained and updated 2 family home in the Elmhurst neighborhood! Newer roof, newer boilers, FULLY RENTED. Ready for you to collect income. See also MLS#1171166 right next door! Seller is writing easement to allow continued tenant parking on adjacent lot. Yard with fire pit and close to everything!

Last Agent to Sell the Property

Julie LeBlanc

HomeSmart Professionals License #REB.0019773 Listed on: 08/19/2017

HomeSmart Professionals

Last Buyer's Agent

Bethany Eddy

Coldwell Banker Realty License #RES.0034226

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,557

Year Built

  • Built in 1926

Parking

  • No Garage

Home Design

  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,981 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 and Exterior Basement Entry

Utilities

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

Additional Features

  • 3,920 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 85
  • Assessor Parcel Number 701AcademyAVPROV

Community Details

Overview

  • 4 Units
  • Elmhurst Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Building Details

  • Operating Expense $1,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,557

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Subdivision Name: Elmhurst
  • Above Grade Finished Sq Ft: 1981.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1926
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas 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
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

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

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.0
  • Parcel #: 701AcademyAVPROV
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Location: Public Transportation,Walkability

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 1900.0

Tax Info

  • Tax Annual Amount: 4557.0
  • Tax Lot: 85
  • Tax Year: 2016

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
$521,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,316
Avg. Annual Appreciation
13.21%
Original Mortgage
$287,693
Outstanding Balance
$258,493
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$280,961

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:

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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 $293,000 None Available
Warranty Deed $260,000 --
Deed $257,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $287,693 FHA
Previous Owner $255,290 FHA
Previous Owner $224,000 No Value Available
Previous Owner $205,000 Purchase Money Mortgage
Previous Owner $150,000 No Value Available
Previous Owner $25,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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

    3 in this area

    143 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

    20 in this area

    2,131 Total Sales

    Nathan Clark
    Section Image

  • J

    Seller's Agent in 2018

    Julie LeBlanc

    HomeSmart Professionals

    (401) 785-1700

    33 Total Sales

    Julie LeBlanc
    Section Image
  • Bethany Eddy

    Buyer's Agent in 2018

    Bethany Eddy

    Coldwell Banker Realty

    (401) 580-8014

    17 Total Sales

    Bethany Eddy
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1171128

State-Wide MLS

APN: PROV-850110-000000-000000

Rhode Island Providence County Providence 02908 Elmhurst

701 Academy Ave, Providence, RI

This home is located at 701 Academy Ave, Providence, RI 02908 and is currently priced at $260,000, approximately $131 per square foot. This property was built in 1926. 701 Academy Ave is a home located in Providence County with nearby schools including Asa Messer Elementary School, Charles N. Fortes Elementary School, and Veazie Street Elementary School.

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