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Backup Offers

107 Penn St, Providence, RI, 02909

$690,000

Home List Price

$8,194*

Closing Credit

9 Bedrooms
3 Full Baths
Multi

Location

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107 Penn St, Providence$690,000

Buyer Closing Credits

$8,194*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1920
HeatingBaseboard, Natural Gas
CoolingDuctless, Window Unit(s)
BasementYes
MLS #1370699
Lot Size0.07 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 107 Penn St

NEW PRICE. MOTIVATED SELLERS. DON'T MISS THIS GREAT INVESTMENT OPPORTUNITY. Fully renovated 3-family house with high income and excellent rental history. Nestled in the historic Federal Hill neighborhood, this investment property is the perfect addition to your Rhode Island portfolio or turn key opportunity to enter the market. Brand new Navian Boilers/hot water heaters. floors, appliances, cabinetry, bathrooms, tandem off-street parking and more. Tenants with leases at Market rents. Don't miss this chance to own a bit of Providence's bustling West Side.

Property Details

Property Features

Property Information:

  • Year Built: 1920

Listing Office:

  • Office Name: Mott & Chace Sotheby's Intl.
  • Office Phone: (401) 314-3000

Interior Features

Interior Information:

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

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: Ductless, Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $690,000

Tax Information:

  • Annual Amount: $6,108
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Providence, RI.

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Providence, RI

City

Med. Sold Price

$489.8K

Med. Price/SqFt

$280

Avg. Days On Market

24

# of Sold Homes

88

107 Penn St vs Providence

56 DAYS ON ROCKET

+32 Days

$690,000

+$200.1K More

KEY TAKEAWAY

This property is $200.1K more than the Median Sold Price in Providence, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1370699

Listing Office:

  • Office Name: Mott & Chace Sotheby's Intl.
  • Office Phone: (401) 314-3000

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: 12/18/2024, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,108$248,700
2019$6,108$248,700
2018$4,705$147,200
2017$4,705$147,200

History based on county public records data.

Payment Calculator

$3,511

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,135

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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.

Nearby Schools

school-card-donut-18829
1
/10

  • Asa Messer Elementary School

  • 1655 Westminster St

  • 0.39 miles

  • Public District Grades PK-4

school-card-donut-18830
3
/10

  • Paul Cuffee Lower School

  • 459 Promenade St

  • 0.64 miles

  • Public Charter Grades KG-5

school-card-donut-18831
4
/10

  • William D'Abate Elementary School

  • 60 Kossuth St

  • 0.68 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,680. Most Providence, RI residents have annual incomes less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Rhode Island›Providence County›Providence›02909›107 Penn St

This home is located at 107 Penn St in Providence, RI and zip code 02909 in the Federal Hill neighborhood. This home, which was built in 1920, sits on a 0.07 acre lot. Features: 9 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $690,000.

In November 2024 more than 41 listings in Providence, RI were sold above the asking price. During the same period more than 16 listings were sold at asking price, while more than 31 were sold below. Between October 2024 and November 2024, Providence, RI real estate market has seen decrease in the number of listings by 9.9%. The median list price of listings available in November 2024 was $489,840, 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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