NOT LISTED FOR SALE

Estimated Value: $441,465 - $590,000

4 Beds
2 Baths
2,898 Sq Ft
$184/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $500,000 $173 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,049/month

39 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Wood Siding
  • Window Unit Cooling System

About This Home

As of October 2023

Welcome to this well-maintained 2-unit home in Providence, RI! Each Updated unit offers 2 bedrooms and 1 bathroom. The first floor is a well established and active fully furnished Mid term rental, currently rented to travel nurses at $2800/month. Centrally located, this property has great potential for profitable mid-term rentals. The seller is happy to provide guidance on maximizing your profit. Both units have been updated in the last 7 years, enhancing their appeal and value. Separate utilities and updated heating systems add convenience. Plus, there's a charming backyard with a patio. There is a potential opportunity to continue finishing off the basement and possibly create a 3rd unit. Live in one unit and have the other potentially pay most of your mortgage, will pass FHA, VA, RIH. Will be vacant, or can come with the first floor rented to have income from day one!

Last Agent to Sell the Property

Stephanie Barbusci

Yorway Realty License #REB.0019921 Listed on: 09/06/2023

Last Buyer's Agent

Jeremy Ogunba

eXp Realty License #RES.0044824

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,952

Year Built

  • Built in 1940

Lot Details

  • 3,049 Sq Ft Lot
  • Land Lease

Home Design

  • Wood Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 2,898 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

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

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 388
  • Assessor Parcel Number 93ORTOLEVADRPROV

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,952

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Above Grade Finished Sq Ft: 2898.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1940
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Bathtub
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Wood Siding, Clapboard

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: Yes
  • Lot Size Sq Ft: 3049.0
  • Parcel #: 93ORTOLEVADRPROV
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4952.0
  • Tax Lot: 388
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Oct 16, 2023
Sold by
Barbusi Stephanie A
Bought by
Dorbor Alfred
Seller's Agent
Stephanie Barbusci
Yorway Realty
Buyer's Agent
Jeremy Ogunba
eXp Realty
List Price
$469,900
Sold Price
$500,000
Premium/Discount to List
$30,100
6.41%
Views
46
Current Estimated Value
$533,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,866
Avg. Annual Appreciation
2.94%
Original Mortgage
$490,943
Outstanding Balance
$480,952
Interest Rate
7.18%
Mortgage Type
FHA
Estimated Equity
$52,914

Purchase Details

Closed on
Feb 18, 2014
Sold by
Silva Apryl
Bought by
Barbusci Stephanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,424
Interest Rate
4.52%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 16, 2010
Sold by
Espinoza Blanca G
Bought by
Silva Apryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,279
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 1999
Sold by
Marchand Janis M
Bought by
Espinoza Blanca G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
7.85%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Dorbor Alfred $500,000 None Available
Barbusci Stephanie A $87,000 --
Silva Apryl $95,000 --
Espinoza Blanca G $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dorbor Alfred $490,943
Previous Owner Barbusci Stephanie A $85,424
Previous Owner Espinoza Blanca G $93,279
Previous Owner Espinoza Blanca G $143,000
Previous Owner Espinoza Blanca G $71,250
Closed Espinoza Blanca G $1,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2023 10/16/23 Sold $500,000 +6.4% $173 / Sq Ft
09/06/2023 09/06/23 For Sale $469,900 -- $162 / 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
2025 $3,420 $453,000 $126,700 $326,300
2024 $4,953 $269,900 $73,300 $196,600
2023 $4,953 $269,900 $73,300 $196,600
2022 $4,804 $269,900 $73,300 $196,600
2021 $4,332 $176,400 $51,300 $125,100
2020 $4,332 $176,400 $51,300 $125,100
2019 $4,332 $176,400 $51,300 $125,100
2018 $3,797 $118,800 $32,900 $85,900
2017 $3,797 $118,800 $32,900 $85,900
2016 $3,797 $118,800 $32,900 $85,900
2015 $3,346 $101,100 $30,200 $70,900
2014 $3,412 $101,100 $30,200 $70,900
2013 $3,412 $101,100 $30,200 $70,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1342428

State-Wide MLS

APN: PROV-950388-000000-000000