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78 Prospect Street

78 Prospect Street, Cranston, RI 02910
Property in Cranston
Sold Nov 27, 1989
$106,000
$32,000 by Wells Fargo Bank Na
Mortgage
78 Prospect Street in Cranston, RI was first built in 1929 and is 95 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 78 Prospect Street has 1,256 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 12,550 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of asphalt. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. As for heating, the home is utilizing a steam heating system and being fueled with oil. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 78 Prospect Street sold most recently in Jan 1, 1970 for a total of $106,000. If you work out the math, that's approximately a cost of $84.39 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,016 in taxes each year. 78 Prospect Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $212,500. If we break it down further, the land itself was valued at $78,300. Improvements to the property, however, were assessed at a total of $134,200. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,550
  • Total Building Area: 1,256
  • Gross Building Area: 2,531
  • Building Area: 1,256
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Steam
  • Heated Square Feet: 1,256
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.288
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SHIMKUS PETER R
  • Previous Owner : BURNETT JOHN T
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cranston School District
  • School Tax School District: CRANSTON PS
  • Census Tract: 013600

Geography

  • Account Number: 20243105
  • Parcel: CRAN M:4-1 L:2545 U:
  • Lot: 2545
  • Municipality: CRANSTON
  • Latitude: 41.7733
  • Longitude: -71.4215

    Address

  • Full Address: 78 Prospect St
  • Address - House Number: 78
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: RI
  • City Name: Cranston
  • Carrier Code: C022
  • 4-Digit Zip Code: 2218
  • Zip Code: 02910

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,016

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 78
  • Final Value: 347,000
  • High Value: 405,316
  • Low Value: 288,684

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $32,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jul 18, 2002
  • First Open Lien Mortgage Loan Amount: $32,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $212,500
  • Assessed Land Value: $78,300
  • Assessed Improvements Value: $134,200

    Sales

  • Current Sale Recording Date: Nov 27, 1989
  • Current Sale Transaction ID: 1200990664
  • Current Sale Price: $106,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMNET MTG SVCS
  • First Mortgage Transaction Date: Nov 27, 1989
  • First Mortgage Loan Amount: $84,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Nov 27, 2019

About Cranston



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Frequently Asked Questions

What neighborhood is 78 Prospect Street located in?
The 78 Prospect Street is a located in the neighborhood of Cranston in Cranston, Cranston.
What is the average sales price for listings in 78 Prospect Street?
The average sales price for units in 78 Prospect Street is $0 currently.

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