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Providence 02906 Blackstone
31 Lorimer Ave
$348,000
● House - Off Market

31 Lorimer Ave

Providence, RI 02906
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,094 Ft²
$662,536
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model

About This Property

Exceeding expectations of an East Side residential property. Redesigned with quality & comfort in mind demonstrated by new elegant oversized windows,soapstone countertops, farmhouse sink to rain shower & heated floors. Beautiful traditional neighborhood style enhanced exterior. Detached one car garage.
Unit Size
1,094 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$338
Property Type
House
Property Taxes
$626
HOA Dues
-
Year Built
1893

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #71776135)

Price History

Date / Event Date Event Price
Mar 24, 2020 Sold
Premium
Sold
May 15, 2015 Sold
Premium
Sold
Dec 11, 2014 Listed by Dan Saffer $369,900
Listed by Dan Saffer

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1893
  • Effective Year Built: 1893
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 546
  • Garage Type: 7
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,176
  • Gross Building Area: 2,017
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Providence School District
  • School Tax School District: PROVIDENCE PS
  • Census Tract: 003400

Zoning

  • Zoning: R-1

Geography

  • Account Number: 42143
  • Parcel: PROV M:93 L:184
  • Lot: 184
  • Municipality: PROVIDENCE
  • Latitude: 41.8477
  • Longitude: -71.3926

    Address

  • Full Address: 31 Lorimer Ave
  • Address - House Number: 31
  • Address - Street Name: Lorimer
  • Address - Suffix Type: Ave
  • State: RI
  • City Name: Providence
  • Carrier Code: C031
  • 4-Digit Zip Code: 3604
  • Zip Code: 02906

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $910,700

    Appraisal Valuation

  • Standard Deviation: 0.2166
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 70
  • Final Value: 533,692
  • High Value: 649,290
  • Low Value: 418,094

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $496,300
  • Assessed Land Value: $254,200
  • Assessed Improvements Value: $242,100

    Sales

  • Current Sale Contract Date: Mar 19, 2020
  • Current Sale Recording Date: Mar 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020252560
  • Previous Sale Recording Date: May 15, 2015
  • Previous Sale Amount: $344,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Blackstone

Stats & Trends

Median Asking:

$1,950,000

Sale Price/ft²

$384

Above Asking

0.00%

Average Days on Market

30

Average Home Size

3194 ft²

Average Home Age

61.3 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 10 Goff Ave, RI, 02860

$1,280 /mo

  • 1 Bed
  • 1 Bath
10 Goff Ave, RI, 02860 Listing by Rick Rivera
Unit for rent at 75 East Avenue, RI, 02860

$1,610 /mo

  • 1 Bed
  • 1 Bath
75 East Avenue, RI, 02860 Listing by Rick Rivera
Unit for rent at 6-10 George St, RI, 02860

$1,340 /mo

  • 1 Bed
  • 1 Bath
6-10 George St, RI, 02860 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71776135

Frequently Asked Questions

When was property at 31 Lorimer Avenue built and last sold?
The property at 31 Lorimer Avenue was built in 1893 and last sold on Mar 19, 2020 for $420,000.
How much is this home worth?
The estimated value of the home located at 31 Lorimer Avenue is $373,745.
What are some comparable homes to 31 Lorimer Avenue?
There are currently no comparable homes to 31 Lorimer Avenue.
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