$500,000
SOLD DEC 13, 2023
6 Beds
3 Baths
7,295 Sq Ft
0.44 Acres

Recently Sold

$69 Per Sq Ft

37% Below List Price

19 Days on Market

Highlights

  • 0.44 Acre Lot
  • 4 Car Detached Garage
  • Heating System Uses Steam
  • Wood Flooring
  • Bathtub with Shower
  • 4-minute walk to North Providence Encompass Park

About This Home

As of April 2024

Investors! Developers! Check out this HUGE almost 1/2 acre corner lot with 3-family, one 3-car garage and one 1-car garage on high traffic Charles Street in North Providence. Sounded by residential neighborhoods. Just minutes from 146. Endless possibilities as it's zoned CV! Build mixed-use properties with retail below and residential apartments above, plenty of space for tenant and customer parking.

Zoned CV - Commercial Village Zone - This district is established to recognize that certain areas of town are characterized by smaller commercial establishments that predominantly serve a particular neighborhood or segment of the Town's population, versus townwide or intertown. The district will have uses that are different in scale from those found on Mineral Spring Avenue. Uses that are not permitted are fast food restaurants, repair stations, and other large super store type businesses. The intent of this zone is to protect the surrounding residential neighborhoods, limit the amount of traffic on existing streets and prevent urban sprawl.

Last Agent to Sell the Property

Stephanie Basile

Compass Listed on: 11/08/2023

Compass

Last Buyer's Agent

Stephanie Basile

Compass Listed on: 11/08/2023

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,408

Year Built

  • Built in 1900

Lot Details

  • 0.44 Acre Lot

Parking

  • 4 Car Detached Garage

Home Design

  • Aluminum Siding

Interior Spaces

  • 7,295 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • Gas Water Heater

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for hot water
  • The owner pays for hot water
  • Tax Lot 135
  • Assessor Parcel Number 948CHARLESSTNPRO

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,408

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.44
  • Above Grade Finished Sq Ft: 7295.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 3
  • Appliances: Gas Water Heater
  • Owner Pays: Hot Water
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Hardwood, Other
  • Interior Amenities: Tub Shower
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Aluminum Siding

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 4.0
  • Garage Spaces: 4.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 10.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Steam
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Available, Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 19166.0
  • Parcel #: 948CHARLESSTNPRO
  • Zoning: CV
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 7408.0
  • Tax Lot: 135
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
Apr 4, 2024
Sold by
948 Charles Llc
Bought by
Kattan Mohammad R and Kattan Mohammad Y
Seller's Agent
Jonathan Weinstein
Compass
Buyer's Agent
Thomas Paliotte
Westcott Properties
List Price
$649,000
Sold Price
$625,000
Premium/Discount to List
-$24,000
-3.7%
Views
29
Current Estimated Value
$628,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,962
Avg. Annual Appreciation
2.06%

Purchase Details

Listed on
Nov 8, 2023
Closed on
Dec 13, 2023
Sold by
Cimini Peter E Est and Buchard
Bought by
948 Charles Llc
Seller's Agent
Stephanie Basile
Compass
Buyer's Agent
Stephanie Basile
Compass
List Price
$799,000
Sold Price
$500,000
Premium/Discount to List
-$299,000
-37.42%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
105.41%
Original Mortgage
$530,000
Interest Rate
7.76%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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 $625,000 None Available
Warranty Deed $625,000 None Available
Executors Deed $500,000 None Available
Executors Deed $500,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $530,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2024 04/05/24 Sold $625,000 -3.7% $86 / Sq Ft
03/22/2024 03/22/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $649,000 +29.8% $89 / Sq Ft
12/13/2023 12/13/23 Sold $500,000 -16.5% $69 / Sq Ft
11/27/2023 11/27/23 Pending -- -- --
11/24/2023 11/24/23 Price Changed $599,000 -25.0% $82 / Sq Ft
11/08/2023 11/08/23 For Sale $799,000 -- $110 / 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 $7,410 $446,100 $156,000 $290,100
2023 $7,410 $446,100 $156,000 $290,100
2022 $7,562 $331,500 $120,800 $210,700
2021 $7,568 $331,800 $120,800 $211,000
2020 $7,568 $331,800 $120,800 $211,000
2017 $6,177 $236,300 $87,800 $148,500
2016 $6,233 $223,100 $86,500 $136,600
2015 $6,233 $223,100 $86,500 $136,600
2014 $6,233 $223,100 $86,500 $136,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1347733

State-Wide MLS

APN: NPRO-000001-000000-000135