NOT LISTED FOR SALE

Estimated Value: $733,000 - $863,000

5 Beds
3 Baths
4,074 Sq Ft
$197/Sq Ft Est. Value

Last Sold August 04, 2020

Last sale price $485,000 $119 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $5,141/month

136 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Window Unit Cooling System
  • Recreation Facilities
  • Skylights
  • 2-minute walk to Lippit Memorial Park

About This Home

As of August 2020

RARE opportunity! This gorgeous, updated 2-family property in the Summit neighborhood of the East Side is move-in ready. First floor unit has 2 Beds 1 Bath with a completely renovated Kitchen and updated bath (2016). Second unit consists of 3 Beds and 2 Full Baths and features a bonus beautiful 3rd floor Penthouse drenched in natural light. Most of this unit has been renovated, as well (2008-2010). Original, well-kept hardwood throughout. Common laundry and ample storage in basement. ALL appliances included. Entire exterior freshly painted in 2016. Plenty of off street parking and super convenient & walkable to parks, farmers market, shopping, restaurants, hospital etc. Come experience ?the incredible lifestyle that the East Side of Providence has to offer!

Last Agent to Sell the Property

Gil Campos

Re/Max Real Estate Center License #REB.0014871 Listed on: 02/19/2020

Re/Max Real Estate Center

Last Buyer's Agent

Joshua Deaner

Mott & Chace Sotheby's Intl. License #REB.0016921

Mott & Chace Sotheby's Intl.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,400

Year Built

  • Built in 1900

Lot Details

  • 3,555

Home Design

  • Brick Foundation
  • Combination Foundation
  • Wood Siding
  • Plaster

Interior Spaces

  • 4,074 Sq Ft Home
  • 3-Story Property
  • Skylights

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • Balcony
  • 3,555 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 522
  • Assessor Parcel Number 8511THSTPROV

Community Details

Overview

  • 2 Units
  • Summit Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Recreation Facilities

Building Details

  • Operating Expense $1,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,400

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.08
  • Subdivision Name: Summit
  • Above Grade Finished Sq Ft: 4074.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Skylights, Tub Shower
  • Stories: 3
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Wood Siding
  • Exterior Features: Balcony, Paved Driveway
  • Foundation Details: Brick/Mortar, Combination
  • Patio And Porch Features: Balcony

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Oil, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3555.0
  • Parcel #: 8511THSTPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 1080.0

Tax Info

  • Tax Annual Amount: 8400.0
  • Tax Lot: 522
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2020
Closed on
Jul 28, 2020
Sold by
Demello Joel R and Demello Shannon
Bought by
Matthes Calvin A and Matthes Kristen C
Seller's Agent
Gil Campos
Re/Max Real Estate Center
Buyer's Agent
Joshua Deaner
Mott & Chace Sotheby's Intl.
List Price
$485,000
Sold Price
$485,000
Current Estimated Value
$800,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315,786
Avg. Annual Appreciation
10.81%
Original Mortgage
$460,750
Outstanding Balance
$413,986
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$399,694

Purchase Details

Closed on
Jul 1, 2016
Sold by
Ledo Kevin and Ledo Stephen I
Bought by
Deemello Joel R and Demello Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,909
Interest Rate
3.58%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 3, 2006
Sold by
Ackerman James L
Bought by
Ledo Kevin and Ledo Stephanie T

Purchase Details

Closed on
Aug 3, 2000
Sold by
Tierney Bernadette P
Bought by
Ackerman James L
Source: Public Records

Range of Values:

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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
Matthes Calvin A $485,000 None Available
Deemello Joel R $385,900 --
Ledo Kevin $387,500 --
Ackerman James L $181,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matthews Calvin A $30,000
Open Matthes Calvin A $460,750
Previous Owner Demello Joel R $377,000
Previous Owner Deemello Joel R $378,909
Previous Owner Ackerman James L $285,655
Previous Owner Ackerman James L $64,583
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2020 08/04/20 Sold $485,000 0.0% $119 / Sq Ft
07/05/2020 07/05/20 Pending -- -- --
02/19/2020 02/19/20 For Sale $485,000 -- $119 / 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
2024 $9,340 $509,000 $246,600 $262,400
2023 $9,340 $509,000 $246,600 $262,400
2022 $9,060 $509,000 $246,600 $262,400
2021 $8,522 $347,000 $191,000 $156,000
2020 $8,522 $347,000 $191,000 $156,000
2019 $8,522 $347,000 $191,000 $156,000
2018 $7,980 $249,700 $165,300 $84,400
2017 $7,980 $249,700 $165,300 $84,400
2016 $7,980 $249,700 $165,300 $84,400
2015 $7,418 $224,100 $154,300 $69,800
2014 $7,563 $224,100 $154,300 $69,800
2013 $7,563 $224,100 $154,300 $69,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1247625

State-Wide MLS

APN: PROV-910522-000000-000000