$300,000
SOLD JAN 26, 2023

728 Pine St Central Falls, RI 02863

12 Beds
6 Baths
5,064 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$59 Per Sq Ft

23 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Public Transportation
  • Attic
  • Laundry Room
  • Shops

About This Home

As of September 2023

INVESTORS!! Priced for current market conditions and property condition as heavy improvements are needed for this 3 family property in prime location. Property has newer roof, high efficiency heating systems, hardwired smokes, coin op laundry in basement, plenty of parking. 3-4 bedrooms & 2 full baths in each unit. Property is completely vacated, currently being cleaned out and will ready for renovations/improvements. Approx. market rents in Central Falls are averaging over $1300 per month/per unit. Property being sold in current condition, with no repairs, warranties, disclosures or inspections provided by seller. Property recently appraised with value greatly superseding list price. Property will require cash or private money lender as property will not qualify for FHA or Va loan types.

Last Agent to Sell the Property

Glen Reichard

Century 21 Limitless PRG License #RES.0040942 Listed on: 01/03/2023

Century 21 Limitless PRG

Last Buyer's Agent

Glen Reichard

Century 21 Limitless PRG License #RES.0040942 Listed on: 01/03/2023

Century 21 Limitless PRG

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,860

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • Brick Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 5,064 Sq Ft Home
  • 3-Story Property
  • Utility Room
  • Laundry Room
  • Attic

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage

Utilities

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

Listing and Financial Details

  • Tax Lot 221
  • Assessor Parcel Number 728PINESTCFLS

Community Details

Overview

  • 3 Units

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,860

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.1
  • Above Grade Finished Sq Ft: 5064.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • 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: 6
  • Total Bedrooms: 12
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Laminate, Vinyl
  • Interior Amenities: Attic, Tub Shower
  • Dining Room Type: Laundry, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Foundation Details: Brick/Mortar, Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Public Transportation, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: 728PINESTCFLS
  • Zoning: R-3
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 5860.0
  • Tax Lot: 221
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2023
Closed on
Sep 14, 2023
Sold by
J & D Re-Investments Llc
Bought by
Zepeda-Pineda Nicolas D and Catalan-Cante Dora M
Seller's Agent
Renato De Lima
Innovations Realty
Buyer's Agent
Renato De Lima
Innovations Realty
List Price
$525,000
Sold Price
$625,000
Premium/Discount to List
$100,000
19.05%
Views
53
Current Estimated Value
$628,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,720
Avg. Annual Appreciation
3.35%
Original Mortgage
$593,750
Outstanding Balance
$583,815
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$80,244

Purchase Details

Listed on
Jan 3, 2023
Closed on
Jan 26, 2023
Sold by
Garcia Fernan Est and Berdecia
Bought by
J & D Re-Investments Llc
Seller's Agent
Glen Reichard
Century 21 Limitless PRG
Buyer's Agent
Glen Reichard
Century 21 Limitless PRG
List Price
$300,000
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
214.82%
Original Mortgage
$300,000
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 12, 2016
Closed on
May 19, 2017
Sold by
Gagnon Holland Props L
Bought by
Garcia Fernan
Seller's Agent
Lisa Barbary
Coldwell Banker Realty
Buyer's Agent
Gary Almeida
RE/MAX Preferred
List Price
$214,000
Sold Price
$197,000
Premium/Discount to List
-$17,000
-7.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%
Original Mortgage
$193,431
Interest Rate
4.1%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 2009
Sold by
Deutsche Bk
Bought by
Crown Street Assoc

Purchase Details

Closed on
Jul 16, 2009
Sold by
Deutsche Bk
Bought by
2-10 Properties Llp

Purchase Details

Closed on
May 19, 2008
Sold by
Dos-Santos Lourenco
Bought by
Novastar Mortgage Co

Purchase Details

Closed on
Dec 12, 2007
Sold by
Dossantos Lourenco and Novastar Mtg
Bought by
Novastar Mortgage Inc

Purchase Details

Closed on
Jul 13, 2006
Sold by
Col Richard
Bought by
Dossantos Lourenco

Purchase Details

Closed on
Apr 27, 2001
Sold by
Salamone Francesco and Salamone Carol
Bought by
Jones Steven
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 Type Sale Price Title Company
Warranty Deed $625,000 None Available
Warranty Deed $625,000 None Available
Deed $300,000 None Available
Deed $300,000 None Available
Warranty Deed $197,000 --
Warranty Deed $197,000 --
Deed $14,595 --
Deed $14,595 --
Deed $30,999 --
Deed $30,999 --
Foreclosure Deed $305,011 --
Foreclosure Deed $305,011 --
Foreclosure Deed $280,557 --
Foreclosure Deed $280,557 --
Deed $338,000 --
Deed $338,000 --
Deed $127,000 --
Deed $127,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $593,750 Purchase Money Mortgage
Closed $593,750 Purchase Money Mortgage
Previous Owner $300,000 Commercial
Previous Owner $20,356 Second Mortgage Made To Cover Down Payment
Previous Owner $186,924 FHA
Previous Owner $193,431 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2023 09/18/23 Sold $625,000 +19.0% $169 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
08/08/2023 08/08/23 For Sale $525,000 +75.0% $142 / Sq Ft
01/26/2023 01/26/23 Sold $300,000 0.0% $59 / Sq Ft
01/03/2023 01/03/23 For Sale $300,000 +52.3% $59 / Sq Ft
05/19/2017 05/19/17 Sold $197,000 -7.9% $51 / Sq Ft
04/19/2017 04/19/17 Pending -- -- --
12/12/2016 12/12/16 For Sale $214,000 -- $55 / 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 $8,256 $438,900 $77,500 $361,400
2023 $6,194 $333,900 $77,500 $256,400
2022 $5,860 $335,600 $77,500 $258,100
2021 $4,693 $197,500 $26,800 $170,700
2020 $4,679 $197,500 $26,800 $170,700
2019 $4,890 $197,500 $26,800 $170,700
2018 $4,036 $153,400 $25,800 $127,600
2017 $4,036 $153,400 $25,800 $127,600
2016 $3,978 $153,400 $25,800 $127,600
2015 $3,437 $124,400 $24,400 $100,000
2014 $3,391 $124,400 $24,400 $100,000
2013 $3,200 $124,400 $24,400 $100,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1327537

State-Wide MLS

APN: CENT-000008-000000-000221