2 months on rocket

28 Mercy St, Providence, RI, 02909

$849,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
3 Full Baths
Multi

Location

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28 Mercy St, Providence$849,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1920
HeatingNatural Gas
CoolingCentral Air
BasementYes
MLS #1368120
Lot Size0.11 Acres
StatusActive

About 28 Mercy St

Introducing a fantastic investment opportunity on the secluded and serene Mercy Street, Providence, RI, located in the convenient Silver Lake neighborhood. This meticulously maintained 3-family home is a true cash cow, offering three separate units, each with its own utilities, ensuring ease of management and tenant satisfaction. The property has been lovingly cared for and is move-in ready, reflecting a high standard of upkeep. With its attractive condition and prime location, this property is perfect for investors looking for consistent rental income in a vibrant and accessible community. Don't miss out on this exceptional opportunity contact us today to learn more or to schedule a viewing! Motivated to move this investment.

Property Details

Property Features

Property Information:

  • Year Built: 1920

Listing Office:

  • Office Name: Realty Quarters
  • Office Phone: (401) 258-8300

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Laminate

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $849,000

Tax Information:

  • Annual Amount: $2,980
  • 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

$484.8K

Med. Price/SqFt

$277

Avg. Days On Market

31

# of Sold Homes

107

28 Mercy St vs Providence

62 DAYS ON ROCKET

+31 Days

$849,000

+$364.2K More

KEY TAKEAWAY

This property is $364.2K 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: #1368120

Listing Office:

  • Office Name: Realty Quarters
  • Office Phone: (401) 258-8300

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: 11/17/2024, 8:20:48 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$2,980$202,200
2019$4,966$202,200
2018$4,235$132,500
2017$4,235$132,500

History based on county public records data.

Payment Calculator

$4,305

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,612

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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-608404
3
/10

  • Frank D. Spaziano Elementary School

  • 85 Laurel Hill Ave

  • 0.34 miles

  • Public District Grades 2-5

school-card-donut-608405
4
/10

  • Anthony Carnevale Elementary School

  • 50 Springfield St

  • 0.44 miles

  • Public District Grades PK-5

school-card-donut-608406
3
/10

  • Achievement First Providence

  • 370 Hartford Ave

  • 0.45 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,482. The most common annual income of people living in Providence, RI is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Rhode Island›Providence County›Providence›02909›28 Mercy St

This home is located at 28 Mercy St in Providence, RI and zip code 02909 in the Silver Lake neighborhood. This home, which was built in 1920, sits on a 0.11 acre lot. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $849,000.

While more than 52 listings in Providence, RI in October 2024 were sold above asking price, there were more than 16 listings sold at asking price, and more than 39 were sold below. The inventory of homes for sale in Providence, RI between September 2024 and October 2024 increased by 2.9%. Listings spent 31 days on the market in October 2024, and had a median list price of $484,800 during the same period.

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

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