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403 Commonwealth Ave, Warwick, RI, 02886

$1,500,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
3 Full Baths, 2 Partial
Multi

Location

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403 Commonwealth Ave, Warwick$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1865
HeatingBaseboard, Natural Gas
CoolingNone
BasementYes
MLS #1363797
Lot Size1.10 Acres
StatusActive

About 403 Commonwealth Ave

Discover a unique residential opportunity with this versatile property, featuring two homes on one lot. Ideal for investors or those seeking a multi-generational living arrangement, both properties can be delivered vacant if desired, offering flexibility and potential for customization. While in need of renovating and upgrading, this property presents a fantastic canvas to create your dream homes or lucrative rental units. Situated in a great location, you'll enjoy easy access to nearby amenities, schools, and major highways, making it a convenient and desirable place to live. With tons of potential, you can transform these homes into modern, stylish residences that meet your needs or generate substantial rental income. This property is a rare find with endless possibilities. Don't miss out on the chance to invest in a prime piece of real estate with incredible potential!

Property Details

Property Features

Property Information:

  • Year Built: 1865

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: Laminate

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot Size: 1.10 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000

Tax Information:

  • Annual Amount: $7,325
  • Tax Year: 2020
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Housing Market Comparison

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

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Warwick, RI

City

Med. Sold Price

$393.9K

Med. Price/SqFt

$267

Avg. Days On Market

24

# of Sold Homes

75

403 Commonwealth Ave vs Warwick

53 DAYS ON ROCKET

+29 Days

$1,500,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in Warwick, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1363797

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: 9/7/2024, 8:20:49 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$7,325$391,100
2019$7,325$391,100
2018$5,803$279,000
2017$5,647$279,000

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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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-1098836
8
/10

  • Scott School

  • 833 Centerville Rd

  • 0.63 miles

  • Public District Grades KG-6

school-card-donut-1098837
3
/10

  • Wakefield Hills Elementary School

  • 505 Wakefield St

  • 1.54 miles

  • Public District Grades PK-4

school-card-donut-1098838
6
/10

  • Greenwood School

  • 93 Sharon St

  • 1.54 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $88,010. Typical income of Warwick, RI residents is between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Warwick, RI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Warwick, RI.

Warwick's housing market is diverse, offering a range of options from classic colonial homes to contemporary condominiums. Single-family homes are prevalent, making up a significant portion of the housing stock, with a mix of older homes that reflect the city's historical roots and newer constructions that cater to modern preferences. The homeownership rate in Warwick is robust, with a majority of residents owning their homes, while a smaller yet substantial segment of the population opts for renting.

What is it like to live in Warwick, RI?

Warwick is celebrated for its coastal charm and rich history, with numerous parks and marinas that underscore its maritime heritage. The community prides itself on a family-friendly atmosphere, with annual events that foster a strong sense of togetherness. The city's character is further defined by its blend of quiet residential neighborhoods and bustling commercial areas, providing a balanced lifestyle for its inhabitants.

Is it easy to get around Warwick, RI without a car?

The city of Warwick provides a comprehensive array of services to its residents. The educational landscape includes a number of public and private schools, offering a variety of choices for families. Healthcare is well-represented with several clinics and a hospital that provides emergency services and specialized care. Retail and dining options are plentiful, with establishments ranging from local boutiques to national chains, reflecting the community's diverse tastes and economic vitality.

Transportation in Warwick, RI.

Warwick's transportation infrastructure supports both private and public transit options, with a network of roads that connect residents to the rest of the state and beyond. Public transportation services are available, offering routes that facilitate access to key areas within the city and to neighboring regions. The city is also mindful of walkability, with certain areas being more pedestrian-friendly, and has made efforts to improve bike paths to encourage alternative modes of transport.

Rocket Homes›Rhode Island›Kent County›Warwick›02886›403 Commonwealth Ave

This home is located at 403 Commonwealth Ave in Warwick, RI and zip code 02886. This home, which was built in 1865, sits on a 1.10 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since July 16, 2024 and is currently priced at $1,500,000.

In August 2024 more than 44 listings in Warwick, RI were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 20 were sold below. The inventory of homes for sale in Warwick, RI between July 2024 and August 2024 increased by 1.1%. In August 2024 median list price was $393,904 and the average listing age was 24 days.

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

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