NOT LISTED FOR SALE

Estimated Value: $399,809 - $516,000

4 Beds
2 Baths
1,472 Sq Ft
$319/Sq Ft Est. Value

Sale Details

Date Sold: November 7, 2024

Last sale price $455,000 $309 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,883 / mo

21 Days on Market

Highlights

  • Marina
  • Medical Services
  • Wood Flooring
  • Community Stables
  • Property is near public transit and schools
  • Corner Lot

About This Home

As of November 2024

Prime 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 Agent to Sell the Property

Alex Parmenidez

Coldwell Banker Realty Listed on: 09/04/2024

Coldwell Banker Realty

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

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • 100 Amp Service

Additional Features

  • Enclosed Patio or Porch
  • Property is near public transit and schools

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,167

Year Built

Built in 1920

Lot Details

6,400 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1920
  • Year Built Details: Actual
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Vinyl, Hardwood
  • Interior Amenities: Ceiling Fan(s), Bathroom With Tub, Kitchen, Living RM/Dining RM Combo
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Partially Finished
  • Living Area: 1472
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN6181
  • MAIN SO: H11111

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Stable(s), Medical Facility, Laundromat, Bike Path, Highway Access, Marina, Private School, Public School, T-Station
  • Rent Includes: Unit 1(None), Unit 2(None)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 430982
  • Zoning: B2
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6400
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4167
  • Tax Block: 2
  • Tax Lot: 724

Multi Family

  • Net Operating Income: 26400
  • Number Of Units Total: 2
  • Total Actual Rent: 2200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

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%
Views
115
Current Estimated Value
$469,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,952
Avg. Annual Appreciation
2.18%
Original Mortgage
$446,758
Outstanding Balance
$441,825
Interest Rate
6.09%
Mortgage Type
FHA
Estimated Equity
$28,127

Purchase Details

Closed on
Dec 14, 2015
Sold by
Martino Ann M and Martino Michael J
Bought by
Laurel Hill Props Llc
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Leger Lynn A $455,000 None Available
Leger Lynn A $455,000 None Available
Laurel Hill Props Llc $95,000 --
Laurel Hill Props Llc $95,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Leger Lynn A $446,758
Closed Leger Lynn A $446,758
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $4,503 $324,400 $89,700 $234,700
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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73285293

MLS Property Information Network (MLS PIN)

APN: CRAN-000008-000002-000724

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