78 Massasoit Ave Cranston, RI 02905
Edgewood Neighborhood
6
Beds
2
Baths
4,258
Sq Ft
5,198
Sq Ft Lot
Highlights
- Marina
- Attic
- Walking Distance to Water
- Wood Flooring
- Recreation Facilities
- 5-minute walk to Stillhouse Cove Gaspee Memorial
About This Home
As of June 2024Nestled in Edgewood, this well-maintained two-family home is a gem. It features two updated units a two-bedroom apartment on the first floor and a four-bedroom townhouse on levels two and three. The prime location grants easy access to popular Pawtuxet Village, a charming area with shops and dining options within a short walk. A standout feature is the potential for rental income from the two units, making homeownership more affordable. Living in Edgewood also offers beautiful coastline and three yacht clubs for water enthusiasts. You are within minutes of Roger Williams Park and Zoo and all the seasonal events that take place there. Downtown Providence and the East Side, known for its universities, museums, dining, and cultural events, is within reach, offering a vibrant city life. This Edgewood property is an exceptional investment opportunity, combining classic charm with modern convenience.
Last Agent to Sell the Property
Residential Properties Ltd. License #RES.0027706 Listed on: 10/12/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,431
Year Built
- Built in 1920
Lot Details
- 5,198 Sq Ft Lot
- Sprinkler System
Parking
- 2 Car Detached Garage
- Driveway
Home Design
- Brick Foundation
- Shingle Siding
Interior Spaces
- 4,258 Sq Ft Home
- 3-Story Property
- Storage Room
- Utility Room
- Attic
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Home Security
- Storm Windows
- Storm Doors
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
- Heating System Uses Steam
- 100 Amp Service
- Gas Water Heater
- Cable TV Available
Additional Features
- Walking Distance to Water
- Property near a hospital
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 2159
- Assessor Parcel Number 78MASSASOITAVCRAN
Community Details
Overview
- 2 Units
- Edgewood/Pawtuxet Village Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 17, 2024
Closed on
May 31, 2024
Sold by
Pena Jacqueline
Bought by
Zhou Liam and Wang Yinu
Seller's Agent
Juan Tejada
Innovations Realty
Buyer's Agent
Feng Lei
Green Island Realty, Inc.
List Price
$759,900
Sold Price
$737,500
Premium/Discount to List
-$22,400
-2.95%
Views
68
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,648
Avg. Annual Appreciation
0.37%
Purchase Details
Listed on
Oct 12, 2023
Closed on
Nov 20, 2023
Sold by
Denise Calise Relt and Denise Calise
Bought by
Pena Jacqueline
Seller's Agent
Mary O'Brien
Residential Properties Ltd.
Buyer's Agent
Juan Tejada
Innovations Realty
List Price
$619,000
Sold Price
$560,000
Premium/Discount to List
-$59,000
-9.53%
Views
86
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.51%
Original Mortgage
$200,000
Interest Rate
7.49%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $737,500 | None Available | |
| Warranty Deed | $737,500 | None Available | |
| Deed | $560,000 | None Available | |
| Deed | $560,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $200,000 | Purchase Money Mortgage | |
| Previous Owner | $254,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/03/2024 06/03/24 | Sold | $737,500 | -2.9% | $173 / Sq Ft |
| 05/21/2024 05/21/24 | Pending | -- | -- | -- |
| 05/03/2024 05/03/24 | For Sale | $759,900 | 0.0% | $178 / Sq Ft |
| 04/23/2024 04/23/24 | Pending | -- | -- | -- |
| 04/17/2024 04/17/24 | For Sale | $759,900 | +35.7% | $178 / Sq Ft |
| 11/20/2023 11/20/23 | Sold | $560,000 | -9.5% | $132 / Sq Ft |
| 11/01/2023 11/01/23 | Pending | -- | -- | -- |
| 10/12/2023 10/12/23 | For Sale | $619,000 | -- | $145 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $7,669 | $563,500 | $204,800 | $358,700 |
| 2023 | $7,431 | $393,200 | $147,900 | $245,300 |
| 2022 | $7,278 | $393,200 | $147,900 | $245,300 |
| 2021 | $7,078 | $393,200 | $147,900 | $245,300 |
| 2020 | $6,933 | $333,800 | $137,900 | $195,900 |
| 2019 | $6,933 | $333,800 | $137,900 | $195,900 |
| 2018 | $6,773 | $333,800 | $137,900 | $195,900 |
| 2017 | $6,345 | $276,600 | $127,800 | $148,800 |
| 2016 | $6,210 | $276,600 | $127,800 | $148,800 |
| 2015 | $6,210 | $276,600 | $127,800 | $148,800 |
| 2014 | $5,861 | $256,600 | $121,000 | $135,600 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2024
Juan Tejada
Innovations Realty
(401) 261-7403
6 in this area
171 Total Sales
-
Buyer's Agent in 2024
Feng Lei
Green Island Realty, Inc.
(401) 286-8898
3 in this area
176 Total Sales
-
M
Seller's Agent in 2023
Mary O'Brien
Residential Properties Ltd.
(401) 419-8296
5 in this area
24 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1345841
APN: CRAN-000002-000002-002159
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