13 days on rocket

Sale Pending

7 Elm St, Central Falls, RI, 02863

$675,000

Home List Price

$8,016*

Closing Credit

11 Bedrooms
4 Full Baths, 2 Partial
Multi
Schools Nearby

Location

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7 Elm St, Central Falls$675,000

Buyer Closing Credits

$8,016*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1920
HeatingBaseboard, Natural Gas
CoolingNone
BasementYes
MLS #1359551
Lot Size0.22 Acres
StatusSale Pending
(Pending)

About 7 Elm St

Welcome to this versatile 4-family home in Central Falls, Rhode Island. A prime investment opportunity with consistent occupancy. Each of the four units offers approximately 760 square feet of living space, catering to diverse needs with varying bedroom and bathroom counts. This flexibility makes the property ideal for couples, individuals, and families of all sizes. All units are currently occupied on a month-to-month basis, ensuring steady rental income and offering potential for future lease adjustments. The property features the convenience of off-street parking, a rare find in the area, providing added value for tenants. Situated close to major highways and local amenities, this location ensures easy access to schools, shopping, dining, and entertainment options, enhancing the appeal for current and prospective tenants. Don't miss out on this fantastic investment in Central Falls, offering both stability and growth potential!

Property Details

Property Features

Property Information:

  • Year Built: 1920

Listing Office:

  • Office Name: Century 21 The Seyboth Team
  • Office Phone: (401) 415-8527

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring Type: Hardwood, Laminate

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 4
  • Total Bedroom Count: 11

Exterior Features

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: None

School Info

Assigned Schools Information:

  • Central Falls Sr High School, Public District Grades 9-12
  • Calcutt Middle School, Public District Grades 5-8
  • Veterans Memorial Elementary School, Public District Grades 1-4
  • Ella Risk School, Public District Grades 1-4

Price Information

Listing Price Info

Price Summary:

  • List Price: $675,000

Tax Information:

  • Annual Amount: $4,362
  • Tax Year: 2021
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MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1359551

Listing Office:

  • Office Name: Century 21 The Seyboth Team
  • Office Phone: (401) 415-8527

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2024, 12:55:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 13, 2016Home Sold
$30,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,362$183,600
2020$4,349$183,600
2018$3,686$140,100
2017$3,686$140,100

History based on county public records data.

Payment Calculator

$3,436

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,090

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-7773438
5
/10

  • Veterans Memorial Elementary School

  • 150 Fuller Ave

  • 0.62 miles

  • Public District Grades 1-4

school-card-donut-7773439
2
/10

  • Ella Risk School

  • 949 Dexter St

  • 0.80 miles

  • Public District Grades 1-4

Middle School

school-card-donut-7773440
1
/10

  • Calcutt Middle School

  • 112 Washington St

  • 0.48 miles

  • Public District Grades 5-8

High School

school-card-donut-7773441
2
/10

  • Central Falls Sr High School

  • 24 Summer St

  • 0.34 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,683. Typical income of Providence County, RI residents is less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Rhode Island›Providence County›Central Falls›02863›7 Elm St

This home is located at 7 Elm St in Central Falls, RI and zip code 02863. This home, which was built in 1920, sits on a 0.22 acre lot. Features: 11 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since May 20, 2024 and is currently priced at $675,000.

In May 2024 more than 282 listings in Providence County, RI were sold above the asking price. During the same period more than 73 listings were sold at asking price, while more than 105 were sold below. The number of listings in Providence County, RI increased by 3.4% between April 2024 and May 2024. The median list price of listings available in May 2024 was $420,033, while the average time on the real estate market was 24 days.

From Rocket Homes Real Estate and based on county public records data.

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