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Providence 02907 Elmwood
8 Atlantic Ave
$220,000
● House - Off Market

8 Atlantic Ave

Providence, RI 02907
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,964 Ft²
$404,346
RealtyHop Estimate
69.18%
Since Nov 1, 2006
National-US
Primary Model

About This Property

Large Home, possible in-law or two family.  Kitchen and Full bath on each floor.  New roof and furance.  Original molding and wainscoating.  Must See!
Unit Size
2,964 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$81
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1930

Payment Calculator

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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: 6 months ago (MLSPIN #70425180)

Price History

Date / Event Date Event Price
May 24, 2007 Sold
Premium
Sold
Oct 30, 2006 Sold
Premium
Sold
Jul 18, 2006 Listed by Century 21 Access America $239,000
Listed by Century 21 Access America

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 31
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,460
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 2,964
  • Gross Building Area: 4,858
  • Building Area: 2,964
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,964
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Providence School District
  • School Tax School District: PROVIDENCE PS
  • Census Tract: 000200

Zoning

  • Zoning: R-3

Geography

  • Account Number: 25512
  • Parcel: PROV M:53 L:396
  • Lot: 396
  • Municipality: PROVIDENCE
  • Latitude: 41.7992
  • Longitude: -71.4164

    Address

  • Full Address: 8 Atlantic Ave
  • Address - House Number: 8
  • Address - Street Name: Atlantic
  • Address - Suffix Type: Ave
  • State: RI
  • City Name: Providence
  • Carrier Code: C023
  • 4-Digit Zip Code: 1805
  • Zip Code: 02907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $564,600

    Appraisal Valuation

  • Standard Deviation: 0.2717
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 45
  • Final Value: 411,854
  • High Value: 523,775
  • Low Value: 299,932

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $307,700
  • Assessed Land Value: $52,700
  • Assessed Improvements Value: $255,000

    Sales

  • Current Sale Recording Date: May 24, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 30, 2006
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: 27
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 Elmwood

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$240

Above Asking

0.00%

Average Days on Market

52

Average Home Size

3221 ft²

Average Home Age

106 years

Currently For Sale

2 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 20 Kelly St, RI, 02909

$1,685 /mo

  • 1 Bed
  • 1 Bath
20 Kelly St, RI, 02909 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70425180

Frequently Asked Questions

When was property at 8 Atlantic Avenue built and last sold?
The property at 8 Atlantic Avenue was built in 1930 and last sold on Jan 1, 1970 for $274,000.
How much is this home worth?
The estimated value of the home located at 8 Atlantic Avenue is $258,753.
What are some comparable homes to 8 Atlantic Avenue?
There are currently no comparable homes to 8 Atlantic Avenue.
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