109 Somerset Street Providence

$319,900
6 1 2,974 sq ft

The Property

HIGHEST AND BEST OFFER TO BE SUBMITTED BY 7:00 PM MONDAY NOVEMBER 3RD. 109 Somerset St situated at the corner of Tanner and Somerset. Originally constructed in the 1920s as a Multi-family home, this property has proudly served as the HQ for one of Rhode Island’s Great Community Nonprofits. Situated on a 5000 sqft parcel, this 3 story home could be used as a single family or multi family dwelling.

Offering @ 2900sqft of heated living space, the original floorplan and character defining elements are still present. Presently there are no bathroom showers or bathtubs because the property has been used as an office for decades. Conveniently located near schools, hospitals , recreation facilities, restaurants & highways. Property will be conveyed with an easement for neighborhood gardens managed by Southside Community Land Trust. Property will be sold AS IS. Will Not Qualify for Traditional FHA/VA Financing but is a Great 203K / Renovation Opportunity. Utilities consist of one 200amp electrical panel, two gas meters and furnaces, city water and sewer connected.

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Listing Details

MLS Number

1398904

Lot Size:

0.11 acres

Features

  • Basement: Full, Interior Only, Unfinished, Storage Space, Utility
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Heating: Natural Gas, Forced Air, Gas Connected, Zoned
  • Heating Fuel: Natural Gas, Forced Air, Gas Connected, Zoned
  • Corner Lot
  • Type: Victorian
  • Year Built: 1920

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Market Trends for Single Family Homes
in Providence

  • Overview
    Homes for Sale Today286-91.6% decrease in inventory
    New on Market *144-10% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$302.56$1 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$635,421$92,207 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.20%-5.6% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$301.26$15 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *687 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Ri Real Estate Services

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