$720,000
SOLD SEP 13, 2024

865 Mineral Spring Ave Pawtucket, RI 02860

Fairlawn Neighborhood
9 Beds
3 Baths
4,912 Sq Ft
8,000 Sq Ft Lot

Recently Sold

$147 Per Sq Ft

4% Above List Price

11 Days on Market

Highlights

  • Deck
  • Recreation Facilities
  • Window Unit Cooling System
  • Wood Flooring
  • Porch
  • Bathtub with Shower

About This Home

As of September 2024

Attention investors and owner-occupants! This beautifully remodeled three-family home on a double lot is a rare find. Each unit features 3 bedroom, a large eat in kitchen double living room a front private porch and back private porch. Units two and three have been completely renovated, taken down to the studs and rebuilt with meticulous attention to detail. Each unit features gorgeous refinished original hardwood floors, new soundproof insulation, updated plumbing, and electrical systems, as well as modern lighting fixtures.
The kitchens have been transformed with new white shaker-style cabinets, stainless steel appliances, granite countertops and in-unit washers and dryers. The spa-like bathrooms boast tiled showers, adding a touch of luxury to each unit. The front porches have been fully remodeled, and each unit now has a brand-new private deck at the back of the property.
Safety is a top priority, with a new fire alarm system meeting all applicable fire codes and new sensor lights throughout the common areas and exterior. Whether you're looking to collect rent from all three units or move into one while renting out the other two for income, this property offers an exceptional opportunity.
Centrally located with close proximity to Pawtucket Train/ PVD train, Colleges, East Side, Downtown Pawtucket, Downtown PVD, Highway access to 295, 95 and 146 and MA state line. Restaurants. Shopping and entertainment! Don't miss out - schedule your tour today

Last Agent to Sell the Property

Mandy Roberts-Cornell

C-21 Butterman & Kryston License #RES.0043555 Listed on: 07/18/2024

Last Buyer's Agent

Mandy Roberts-Cornell

C-21 Butterman & Kryston License #RES.0043555 Listed on: 07/18/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,072

Year Built

  • Built in 1920

Lot Details

  • 8,000 Sq Ft Lot
  • Fenced

Home Design

  • Vinyl Siding
  • Plaster

Interior Spaces

  • 4,912 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Partially Finished Basement

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

Parking

  • 9 Parking Spaces
  • No Garage

Outdoor Features

  • Deck
  • Porch

Location

  • Property near a hospital

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1824
  • Assessor Parcel Number 865MINERALSPRINGAVPAWT

Community Details

Overview

  • 3 Units

Amenities

  • Shops
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,072

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1837
  • Above Grade Finished Sq Ft: 4912.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Tub Shower, Cable TV
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Multiple lots
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Deck, Porch
  • Foundation Details: See Remarks
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 9.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8000.0
  • Parcel #: 865MINERALSPRINGAVPAWT
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 6072.0
  • Tax Lot: 1824
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2024
Closed on
Sep 13, 2024
Sold by
Lopez Jose L
Bought by
Lin Fengjiao and Chen Quan
Seller's Agent
Mandy Roberts-Cornell
C-21 Butterman & Kryston
Buyer's Agent
Mandy Roberts-Cornell
C-21 Butterman & Kryston
List Price
$690,000
Sold Price
$720,000
Premium/Discount to List
$30,000
4.35%
Views
25
Current Estimated Value
$746,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,757
Avg. Annual Appreciation
2.24%
Original Mortgage
$504,000
Outstanding Balance
$500,446
Interest Rate
6.73%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$235,858

Purchase Details

Listed on
Jul 13, 2022
Closed on
Sep 13, 2022
Sold by
Keech Judy A
Bought by
Lopez Jose L
Seller's Agent
Mandy Roberts-Cornell
C-21 Butterman & Kryston
Buyer's Agent
Mandy Roberts-Cornell
C-21 Butterman & Kryston
List Price
$450,000
Sold Price
$450,000
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.49%
Original Mortgage
$370,000
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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

Date Type Sale Price Title Company
Warranty Deed $720,000 None Available
Warranty Deed $720,000 None Available
Warranty Deed $450,000 None Available
Warranty Deed $450,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $504,000 Stand Alone Refi Refinance Of Original Loan
Closed $504,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $12,989 Stand Alone Refi Refinance Of Original Loan
Previous Owner $3,581 Stand Alone Refi Refinance Of Original Loan
Previous Owner $36,100 Stand Alone Refi Refinance Of Original Loan
Previous Owner $370,000 Purchase Money Mortgage
Previous Owner $80,000 No Value Available
Previous Owner $80,000 No Value Available
Previous Owner $100,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2024 09/13/24 Sold $720,000 +4.3% $147 / Sq Ft
07/29/2024 07/29/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $690,000 +53.3% $140 / Sq Ft
09/13/2022 09/13/22 Sold $450,000 0.0% $92 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
07/13/2022 07/13/22 For Sale $450,000 -- $92 / 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 $6,081 $492,800 $120,000 $372,800
2023 $6,073 $358,500 $91,000 $267,500
2022 $5,944 $358,500 $91,000 $267,500
2021 $5,944 $358,500 $91,000 $267,500
2020 $4,763 $228,000 $71,100 $156,900
2019 $4,763 $228,000 $71,100 $156,900
2018 $4,590 $228,000 $71,100 $156,900
2017 $4,555 $200,500 $63,000 $137,500
2016 $4,389 $200,500 $63,000 $137,500
2015 $4,389 $200,500 $63,000 $137,500
2014 $3,429 $148,700 $63,000 $85,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1364024

State-Wide MLS

APN: PAWT-000050-000000-001824