NOT LISTED FOR SALE

8 Parkis Ave Providence, RI 02907

Elmwood Neighborhood

Estimated Value: $525,000 - $620,000

5 Beds
2 Baths
2,898 Sq Ft
$197/Sq Ft Est. Value

Last Sold September 17, 2012

Last sale price $43,000 $15 Per Sq Ft

Est. 1,225% increase in value since last sale

Current estimated payment $3,499/month

73 Days on Market

Highlights

  • Wood Flooring
  • 2 Fireplaces
  • Hot Water Heating System

About This Home

As of September 2012

Great investment property in the heart of Providence. Needs work.

Last Agent to Sell the Property

Carole Scaralia

Albert Realty Inc., REALTORS License #RES.0017228 Listed on: 06/04/2012

Last Buyer's Agent

Anthony Vecchiarelli

Real Broker, LLC License #RES.0012580

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 4,000 Sq Ft Lot

Home Design

  • Clapboard

Interior Spaces

  • 2,898 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

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

Community Details

  • 2 Units
  • Elmwood Subdivision

Listing and Financial Details

  • Tax Lot 437
  • Assessor Parcel Number 8PARKISAVPROV

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0918
  • Subdivision Name: ELMWOOD
  • Above Grade Finished Sq Ft: 2898.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1890
  • Special Features: RealEstateOwned

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Hardwood, Vinyl
  • Living Area: 2898.0
  • Stories: 3

Exterior Features

  • Construction Type: Clapboard

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4000.0
  • Parcel #: 8PARKISAVPROV
  • Zoning: 0

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3648.0
  • Tax Lot: 437
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2012
Sold by
Terrero Freddy A
Bought by
G & T Homes Llc
Current Estimated Value
$569,895

Purchase Details

Closed on
Mar 9, 2012
Sold by
Richoz Michel and Fnma
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 28, 2011
Sold by
Richoz Michel and Donnelly Peter R
Bought by
Donnelly Peter R

Purchase Details

Closed on
Oct 14, 2005
Sold by
Greater Elmwood Neigh
Bought by
Donnelly Peter R and Richoz Michel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
G & T Homes Llc -- --
Federal National Mortgage Association $65,787 --
Donnelly Peter R -- --
Donnelly Peter R $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Donnelly Peter R $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2012 09/17/12 Sold $43,000 -23.9% $15 / Sq Ft
08/18/2012 08/18/12 Pending -- -- --
06/05/2012 06/05/12 For Sale $56,500 -- $19 / 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 $6,587 $470,500 $120,000 $350,500
2024 $5,516 $300,600 $52,000 $248,600
2023 $5,516 $300,600 $52,000 $248,600
2022 $5,351 $300,600 $52,000 $248,600
2021 $4,310 $175,500 $36,600 $138,900
2020 $4,310 $175,500 $36,600 $138,900
2019 $4,310 $175,500 $36,600 $138,900
2018 $4,267 $133,500 $24,900 $108,600
2017 $4,267 $133,500 $24,900 $108,600
2016 $4,267 $133,500 $24,900 $108,600
2015 $3,959 $119,600 $30,500 $89,100
2014 $4,037 $119,600 $30,500 $89,100
2013 $3,287 $97,400 $30,500 $66,900
Source: Public Records

Agents Affiliated with this Home

  • Carole Scaralia

    Seller's Agent in 2012

    Carole Scaralia

    Albert Realty Inc., REALTORS

    (401) 451-3598

    3 Total Sales

    Carole Scaralia
    Section Image
  • Anthony Vecchiarelli

    Buyer's Agent in 2012

    Anthony Vecchiarelli

    Real Broker, LLC

    (401) 338-0301

    19 Total Sales

    Anthony Vecchiarelli
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1018896

State-Wide MLS

APN: PROV-300437-000000-000000

Rhode Island Providence County Providence 02907 Elmwood

8 Parkis Ave, Providence, RI

Not Listed for Sale

MultiFamily

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