NOT LISTED FOR SALE

784 Academy Ave Providence, RI 02908

Elmhurst Neighborhood

Estimated Value: $457,944 - $603,000

5 Beds
2 Baths
3,534 Sq Ft
$150/Sq Ft Est. Value

Last Sold August 06, 2019

Last sale price $320,000 $91 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,073/month

43 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Security System Owned
  • Attic
  • 2 Car Detached Garage
  • Laundry Room

About This Home

As of August 2019

Delightful two-family property on a corner lot in the heart of Elmhurst in close vicinity to Rhode Island College, Providence College, and La Salle Academy. Owned by the same family for generations, this home has been maintained and cared for over the years. Currently rented month-to-month to good quality tenants, it is the ideal house for the smart homeowner who wants to collect rent while living in a spacious unit in a great neighborhood. The proximity to the colleges could also make it a good rental property. Amongst other things, this attractive property features an oversized lot with a proper backyard with shed, a two-car garage, a large 3-bed unit on the first floor, a full basement (partially finished), thermopane windows and a newer roof.

Last Agent to Sell the Property

Jeremie Blum

William Raveis Inspire License #RES.0041517 Listed on: 05/24/2019

William Raveis Inspire

Last Buyer's Agent

Bruce Burlingame

CrossRoads Real Estate Group License #RES.0030452

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,012

Year Built

  • Built in 1932

Lot Details

  • 7,000 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Foundation
  • Stone Foundation
  • Aluminum Siding
  • Plaster

Interior Spaces

  • 3,534 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Utility Room
  • Security System Owned
  • Attic

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

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

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 784ACADEMYAVPROV

Community Details

Overview

  • 4 Units
  • Elmhurst / Pc Subdivision

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,012

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Subdivision Name: Elmhurst / PC
  • Above Grade Finished Sq Ft: 3534.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1932
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Attic, Bathtub
  • Dining Room Type: Bathroom, Laundry, Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Plaster, Aluminum Siding
  • Foundation Details: Brick/Mortar, Stone

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 9.0

Utilities

  • Laundry Features: Common Area
  • Security: Security System Owned
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Oil, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7000.0
  • Parcel #: 784ACADEMYAVPROV
  • Zoning: R1
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5012.0
  • Tax Lot: 29
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2019
Closed on
Aug 6, 2019
Sold by
Neri Paul A
Bought by
Mcgee Paris
Seller's Agent
Jeremie Blum
William Raveis Inspire
Buyer's Agent
Bruce Burlingame
CrossRoads Real Estate Group
List Price
$335,000
Sold Price
$320,000
Premium/Discount to List
-$15,000
-4.48%
Current Estimated Value
$530,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,486
Avg. Annual Appreciation
8.34%
Original Mortgage
$305,250
Outstanding Balance
$266,348
Interest Rate
3.73%
Mortgage Type
FHA
Estimated Equity
$264,138
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcgee Paris $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgee Paris $305,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2019 08/06/19 Sold $320,000 -4.5% $91 / Sq Ft
07/07/2019 07/07/19 Pending -- -- --
05/24/2019 05/24/19 For Sale $335,000 -- $95 / 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 $3,491 $462,400 $166,000 $296,400
2024 $5,795 $315,800 $107,900 $207,900
2023 $5,795 $315,800 $107,900 $207,900
2022 $5,621 $315,800 $107,900 $207,900
2021 $5,477 $223,000 $88,200 $134,800
2020 $5,477 $223,000 $88,200 $134,800
2019 $5,477 $223,000 $88,200 $134,800
2018 $5,015 $156,900 $70,900 $86,000
2017 $5,015 $156,900 $70,900 $86,000
2016 $5,015 $156,900 $70,900 $86,000
2015 $4,644 $140,300 $70,900 $69,400
2014 $4,735 $140,300 $70,900 $69,400
2013 $4,735 $140,300 $70,900 $69,400
Source: Public Records

Agents Affiliated with this Home

  • Jeremie Blum

    Seller's Agent in 2019

    Jeremie Blum

    William Raveis Inspire

    (401) 617-2931

    46 Total Sales

    Jeremie Blum
    Section Image

  • B

    Buyer's Agent in 2019

    Bruce Burlingame

    CrossRoads Real Estate Group

    23 Total Sales

    Bruce Burlingame
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1224529

State-Wide MLS

APN: PROV-850029-000000-000000

Rhode Island Providence County Providence 02908 Elmhurst

784 Academy Ave, Providence, RI

Not Listed for Sale

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