NOT LISTED FOR SALE

86 Washington St Central Falls, RI 02863

Estimated Value: $434,000 - $570,150

7 Beds
3 Baths
2,010 Sq Ft
$241/Sq Ft Est. Value

Last Sold September 03, 2024

Last sale price $560,000 $279 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $3,051/month

35 Days on Market

Highlights

  • 1 Car Detached Garage
  • Baseboard Heating
  • Space Heater
  • Ceramic Tile Flooring

About This Home

As of September 2024

Excellent investment opportunity in Central Falls! This well-maintained 3 unit property features one unit with 3 bedrooms and two units with 2 bedrooms, all currently occupied. Each unit offers a spacious layout, providing comfortable living for tenants. The property consists of three separate units on one lot, ensuring tenant privacy and individual space. Additional features include a detached garage space and two off-street parking spots, adding convenience for residents. Located in a desirable area near highways and amenities, this property offers easy access to shopping, dining, and transportation. With its prime location, ample parking, and tenant privacy, this multifamily home is a solid investment with great rental income potential.

Last Agent to Sell the Property

Kyle Seyboth

Century 21 Limitless License #REC.0005226 Listed on: 06/13/2024

Century 21 Limitless

Last Buyer's Agent

Michele Stevenin

Engel & Volkers Oceanside License #REB.0018850

Engel & Volkers Oceanside

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,344

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • 1 Car Detached Garage

Home Design

  • 2,010 Sq Ft Home
  • Vinyl Siding

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Tax Lot 248
  • Assessor Parcel Number 86WASHINGTONSTCFLS

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,344

Year Built

Built in 1920

Lot Details

5,227 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.12
  • Above Grade Finished Sq Ft: 2010.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Number Of Buildings: 3
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • ResoLivingAreaSource: Owner

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Space Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.0
  • Parcel #: 86WASHINGTONSTCFLS
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 9344.0
  • Tax Lot: 248
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Sep 3, 2024
Sold by
K & S Residential Invest
Bought by
Santiago Kevin and Figueroa Jemilexi
Seller's Agent
Kyle Seyboth
Century 21 Limitless
Buyer's Agent
Michele Stevenin
Engel & Volkers Oceanside
List Price
$599,000
Sold Price
$560,000
Premium/Discount to List
-$39,000
-6.51%
Views
15
Current Estimated Value
$484,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$75,712
Avg. Annual Appreciation
-8.95%
Original Mortgage
$507,478
Outstanding Balance
$499,750
Interest Rate
6.78%
Mortgage Type
FHA
Estimated Equity
-$15,462

Purchase Details

Closed on
May 1, 2023
Sold by
K & S Residential Investmen
Bought by
M & M Residential Investmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,200,000
Interest Rate
6.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2017
Sold by
Dorsey John A
Bought by
K & S Residential Invest

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2014
Sold by
Fang Zak
Bought by
Family Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.26%
Mortgage Type
Commercial
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
Santiago Kevin $560,000 None Available
Santiago Kevin $560,000 None Available
M & M Residential Investmen -- None Available
M & M Residential Investmen -- None Available
K & S Residential Invest $75,000 --
Family Investments Llc $55,000 --
Fang Zak $30,500 --
K & S Residential Invest $75,000 --
Fang Zak $30,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santiago Kevin $507,478
Closed Santiago Kevin $507,478
Previous Owner M & M Residential Investmen $5,200,000
Previous Owner K & S Residential Invest $150,000
Previous Owner Fang Zak $30,000
Previous Owner Fang Zak $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2024 09/03/24 Sold $560,000 -2.6% $279 / Sq Ft
07/18/2024 07/18/24 Pending -- -- --
07/09/2024 07/09/24 Price Changed $575,000 -4.0% $286 / Sq Ft
06/13/2024 06/13/24 For Sale $599,000 -- $298 / Sq Ft
Source: State-Wide MLS

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 $6,040 $457,200 $105,100 $352,100
2024 $9,475 $503,700 $79,600 $424,100
2023 $9,344 $503,700 $79,600 $424,100
2022 $8,795 $503,700 $79,600 $424,100
2021 $4,942 $208,000 $27,500 $180,500
2020 $4,928 $208,000 $27,500 $180,500
2019 $5,150 $208,000 $27,500 $180,500
2018 $2,676 $101,700 $26,500 $75,200
2017 $2,676 $101,700 $26,500 $75,200
2016 $2,637 $101,700 $26,500 $75,200
2015 $2,011 $72,800 $25,000 $47,800
2014 $1,985 $72,800 $25,000 $47,800
2013 $1,872 $72,800 $25,000 $47,800
Source: Public Records

Agents Affiliated with this Home

  • Kyle Seyboth

    Seller's Agent in 2024

    Kyle Seyboth

    Century 21 Limitless

    (401) 415-8527

    40 in this area

    1,744 Total Sales

    Kyle Seyboth
    Section Image
  • Michele Stevenin

    Buyer's Agent in 2024

    Michele Stevenin

    Engel & Volkers Oceanside

    (401) 640-1907

    1 in this area

    38 Total Sales

    Michele Stevenin
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1361521

State-Wide MLS

APN: CENT-000005-000000-000248

Rhode Island Providence County Central Falls 02863

86 Washington St, Central Falls, RI

Not Listed for Sale

MultiFamily

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