83 Princess Ave Cranston, RI 02920
Arlington Neighborhood
4
Beds
2
Baths
1,472
Sq Ft
6,400
Sq Ft Lot
Highlights
- Marina
- Medical Services
- Wood Flooring
- Community Stables
- Property is near public transit
- Corner Lot
About This Home
As of November 2024Prime Investment Opportunity or Perfect for Owner-Occupants! Welcome to 83 Princess Ave, Cranston, RI! This meticulously maintained 2-family home offers a fantastic opportunity for investors looking to expand their portfolio or owner-occupants seeking extra income. Situated on a desirable corner lot, this property features two spacious units, each with 2 bedrooms and 1 bathroom, providing comfortable and versatile living spaces. With numerous updates and a warm, inviting layout, both units are ready to move in. The property also includes ample on-site parking and a two-car garage, ideal for convenience and storage. Enjoy year-round comfort with baseboard heating, and take advantage of the generous outdoor space for relaxing or entertaining. Location is key, and 83 Princess Ave has it all! Just 5 minutes from Route 2 and Route 10, 2 minutes to the local middle school, and close to Cranston Stadium, this home is ideally positioned near schools, parks, shopping, and dining.
Last Buyer's Agent
Non Member
Non Member Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,167
Year Built
- Built in 1920
Lot Details
- 6,400 Sq Ft Lot
- Fenced
- Corner Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Duplex
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,472 Sq Ft Home
- Property has 1 Level
- Ceiling Fan
- Combination Dining and Living Room
- Partially Finished Basement
- Basement Fills Entire Space Under The House
- Range
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
- Bathtub
Outdoor Features
- Enclosed patio or porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Baseboard Heating
- 100 Amp Service
Listing and Financial Details
- Total Actual Rent $2,200
- Rent includes unit 1(none), unit 2(none)
- Legal Lot and Block 724 / 2
- Assessor Parcel Number 430982
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Park
- Community Stables
- Jogging Path
- Bike Trail
Additional Features
- 2 Units
- Net Operating Income $26,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2024
Closed on
Oct 29, 2024
Sold by
Laurel Hill Prop Llc
Bought by
Leger Lynn A
Seller's Agent
Alex Parmenidez
Coldwell Banker Realty
Buyer's Agent
Non Member
Non Member Office
List Price
$440,000
Sold Price
$455,000
Premium/Discount to List
$15,000
3.41%
Total Days on Market
21
Views
115
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
$631
Avg. Annual Appreciation
-1.30%
Original Mortgage
$446,758
Outstanding Balance
$446,321
Interest Rate
6.09%
Mortgage Type
FHA
Estimated Equity
$5,358
Purchase Details
Closed on
Dec 14, 2015
Sold by
Martino Ann M and Martino Michael J
Bought by
Laurel Hill Props Llc
Similar Homes in Cranston, RI
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $455,000 | None Available | |
| Warranty Deed | $455,000 | None Available | |
| Warranty Deed | $95,000 | -- | |
| Warranty Deed | $95,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $446,758 | FHA | |
| Closed | $15,000 | Second Mortgage Made To Cover Down Payment | |
| Closed | $446,758 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/07/2024 11/07/24 | Sold | $455,000 | +3.4% | $309 / Sq Ft |
| 09/25/2024 09/25/24 | Pending | -- | -- | -- |
| 09/04/2024 09/04/24 | For Sale | $440,000 | -- | $299 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $4,387 | $322,300 | $89,700 | $232,600 |
| 2023 | $4,167 | $220,500 | $61,900 | $158,600 |
| 2022 | $4,081 | $220,500 | $61,900 | $158,600 |
| 2021 | $3,969 | $220,500 | $61,900 | $158,600 |
| 2020 | $3,487 | $167,900 | $48,100 | $119,800 |
| 2019 | $3,487 | $167,900 | $48,100 | $119,800 |
| 2018 | $3,407 | $167,900 | $48,100 | $119,800 |
| 2017 | $3,166 | $138,000 | $37,800 | $100,200 |
| 2016 | $3,098 | $138,000 | $37,800 | $100,200 |
| 2015 | $3,087 | $137,500 | $37,800 | $99,700 |
| 2014 | $2,297 | $131,900 | $37,800 | $94,100 |
Source: Public Records
Agents Affiliated with this Home
-
Alex Parmenidez
Seller's Agent in 2024
Alex Parmenidez
Coldwell Banker Realty
(401) 426-4428
2 in this area
148 Total Sales
-
N
Buyer's Agent in 2024
Non Member
Non Member Office
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73285293
APN: CRAN-000008-000002-000724
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