NOT LISTED FOR SALE

98 Hamilton St Providence, RI 02907

Elmwood Neighborhood

Estimated Value: $423,926 - $571,000

7 Beds
3 Baths
3,786 Sq Ft
$136/Sq Ft Est. Value

Last Sold October 17, 2019

Last sale price $245,000 $65 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $3,381/month

101 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Property near a hospital
  • Game Room
  • Public Transportation
  • 4-minute walk to Jennifer Rivera Memorial Park

About This Home

As of October 2019

Lovely two family home. Absolutely move in condition. This is a 2-family; deed-restricted property that must be sold to family earning less than 80% of AMI (about $64,000 for a family of 4). We are leasing the 2nd floor - so it will come with a tenant with a 6-month lease. We have included a cost work sheet in attachments.

Last Agent to Sell the Property

John Risica

William Raveis Inspire Listed on: 06/07/2019

William Raveis Inspire

Last Buyer's Agent

Joseph McCarthy

August Associates, LLC License #REC.0018408

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,777

Year Built

  • Built in 2005

Lot Details

  • 4,800 Sq Ft Lot
  • Paved or Partially Paved Lot

Home Design

  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 3,786 Sq Ft Home
  • 3-Story Property
  • Game Room
  • Utility Room

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Partially Finished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • The owner pays for hot water
  • Tax Lot 508
  • Assessor Parcel Number 98HAMILTONSTPROV

Community Details

Overview

  • 4 Units
  • Elmwood Subdivision

Additional Features

  • Public Transportation
  • Operating Expense $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,777

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Subdivision Name: Elmwood
  • Above Grade Finished Sq Ft: 3786.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 2005
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Owner Pays: Hot Water
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Tub Shower
  • Dining Room Type: Bathroom, Bedroom, Game Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Paved
  • Construction Type: Drywall, Clapboard
  • Foundation Details: Concrete Perimeter

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Public Transportation, Sidewalks
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4800.0
  • Parcel #: 98HAMILTONSTPROV
  • Zoning: MF
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 6000.0

Tax Info

  • Tax Annual Amount: 4777.0
  • Tax Lot: 508
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2019
Closed on
Oct 17, 2019
Sold by
Olneysville Housing Corp
Bought by
Gomez-Urbaez Frannys and Gomez-Urbaez Castillo-Degomez N
Seller's Agent
John Risica
William Raveis Inspire
Buyer's Agent
Joseph McCarthy
August Associates, LLC
List Price
$255,000
Sold Price
$245,000
Premium/Discount to List
-$10,000
-3.92%
Current Estimated Value
$515,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,982
Avg. Annual Appreciation
14.11%
Original Mortgage
$237,650
Outstanding Balance
$211,440
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$321,062

Purchase Details

Closed on
Oct 5, 2016
Sold by
Nunez Patricia and Ri Hsng & Mtg Fin Corp
Bought by
Ri Hsng & Mtg Fin Corp

Purchase Details

Closed on
Dec 5, 2005
Sold by
Elmwood Fndtn For Arch
Bought by
Nunez Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,850
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2003
Sold by
Sedona Assoc
Bought by
Elmwood Foun Preservat
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Gomez-Urbaez Frannys $245,000 --
Ri Hsng & Mtg Fin Corp $120,000 --
Nunez Patricia A $180,000 --
Elmwood Foun Preservat $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez-Urbaez Frannys $237,650
Previous Owner Elmwood Foun Preservat $20,000
Previous Owner Elmwood Foun Preservat $167,850
Previous Owner Elmwood Foun Preservat $10,000
Previous Owner Elmwood Foun Preservat $2,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2019 10/17/19 Sold $245,000 -3.9% $65 / Sq Ft
09/17/2019 09/17/19 Pending -- -- --
06/07/2019 06/07/19 For Sale $255,000 -- $67 / 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 $6,898 $375,900 $52,700 $323,200
2023 $6,898 $375,900 $52,700 $323,200
2022 $6,691 $375,900 $52,700 $323,200
2021 $6,241 $254,100 $38,600 $215,500
2020 $6,241 $254,100 $38,600 $215,500
2019 $6,241 $254,100 $38,600 $215,500
2018 $0 $196,200 $26,300 $169,900
2017 $0 $196,200 $26,300 $169,900
2016 $5,488 $171,700 $26,300 $145,400
2015 $5,097 $154,000 $32,200 $121,800
2014 $5,198 $154,000 $32,200 $121,800
2013 $5,198 $154,000 $32,200 $121,800
Source: Public Records

Agents Affiliated with this Home

  • John Risica

    Seller's Agent in 2019

    John Risica

    William Raveis Inspire

    (401) 439-3634

    90 Total Sales

    John Risica
    Section Image

  • J

    Buyer's Agent in 2019

    Joseph McCarthy

    August Associates, LLC

    (401) 461-0700

    38 Total Sales

    Joseph McCarthy
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1225958

State-Wide MLS

APN: PROV-490508-000000-000000

Rhode Island Providence County Providence 02907 Elmwood

98 Hamilton St, Providence, RI

This home is located at 98 Hamilton St, Providence, RI 02907 since 07 June 2019 and is currently estimated at $515,982, approximately $136 per square foot. This property was built in 2005. 98 Hamilton St is a home located in Providence County with nearby schools including Asa Messer Elementary School, Charles N. Fortes Elementary School, and Robert L. Bailey IV Elementary.

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