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Backup Offers

28 Mercy St, Providence, RI, 02909

$699,999

Home List Price

$8,312*

Closing Credit

7 Bedrooms
3 Full Baths
Multi

Location

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28 Mercy St, Providence$699,999

Buyer Closing Credits

$8,312*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1920
HeatingNatural Gas
CoolingCentral Air
BasementYes
FireplaceNone
MLS #1373541
Lot Size0.11 Acres
StatusAccepting Backup Offers
(Active Under Contract)

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, 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. 1st and 3rd Floor off central air conditioning and second floor has just been updated.

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
  • Interior: Tub Shower
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 7

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: $699,999

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

$489.8K

Med. Price/SqFt

$280

Avg. Days On Market

24

# of Sold Homes

88

28 Mercy St vs Providence

25 DAYS ON ROCKET

+1 Day

$699,999

+$210.1K More

KEY TAKEAWAY

This property is $210.1K 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: #1373541

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: 12/18/2024, 4:20:51 AM 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

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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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-4395018
3
/10

  • Frank D. Spaziano Elementary School

  • 85 Laurel Hill Ave

  • 0.34 miles

  • Public District Grades 2-5

school-card-donut-4395019
4
/10

  • Anthony Carnevale Elementary School

  • 50 Springfield St

  • 0.44 miles

  • Public District Grades PK-5

school-card-donut-4395020
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. Most Providence, RI residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. 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›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: 7 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $699,999.

Providence, RI housing market in November 2024 saw over 41 listings sold above listed price, more than 16 sold at listed price and over 31 sold below. The inventory of homes for sale in Providence, RI between October 2024 and November 2024 decreased by 9.9%. In November 2024, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $489,840.

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

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