1531 Mendon Rd

Cumberland, RI 02864

$625,000
Last Sold Price
6
Beds
2,700 Sq. Ft.
$231 / Sq. Ft.
2,700
Sq. Ft.
$231
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 6/3/24
Closed 6/3/24

Description

Discover an exceptional investment opportunity in Cumberland a rare gem boasting a renovated 3-family residence, 50 yr warranty roof, New skylights, vinyl windows, on demand separate heating systems, beautiful updates in all 3 units in Kitchen and baths. Perfectly poised for diverse utilization, whether as an owner-occupied haven to alleviate mortgage burdens or as a lucrative investment property. Each of the three units has undergone meticulous renovation, featuring modern kitchens equipped with...Discover an exceptional investment opportunity in Cumberland a rare gem boasting a renovated 3-family residence, 50 yr warranty roof, New skylights, vinyl windows, on demand separate heating systems, beautiful updates in all 3 units in Kitchen and baths. Perfectly poised for diverse utilization, whether as an owner-occupied haven to alleviate mortgage burdens or as a lucrative investment property. Each of the three units has undergone meticulous renovation, featuring modern kitchens equipped with stainless steel appliances and brand-new baths, ensuring contemporary comfort and style. Updated electrical systems and three efficient gas units ensure hassle-free living. Ample parking facilities and convenient highway access add to the property's allure, promising both convenience and accessibility. Additionally, a new 50 yr roof, skylights, and gutters ensures long-term durability and peace of mind for discerning investors. Seize the chance to own this remarkable property, where modern living meets investment potential in the heart of Cumberland.
  1. Listed by Anastasia Kaufman • Brokerage DRE #REC.0016995 • HomeSmart Professionals • 401-921-5011

Property Details for 1531 Mendon Road

Subdivision Name
ASHTON
LISTING CLOSED: 06/03/2024 12:00 AM

Property Details for 1531 Mendon Road

StatusClosed
MLS #1355117
Days on Market65
Taxes$4,891 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / 3 Family - 3 Units Up/Down
Year Built1890
Lot Size0.17 AC / 7,481 SF
CountyProvidence County
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Location

Listing Courtesy of HomeSmart Professionals

Sold By RISE REC

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Building Information for 1531 Mendon Road

Stories3Residences3Year Built1890Building Size-Lot Size0.17 AC / 7,481 SF

Payment Calculator

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$3,584 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,177

Property Taxes

$408

HOA Dues

$0

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Property Information for 1531 Mendon Road

Summary
Location and General Information
  • City: Cumberland
  • Community Features: Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Courts
  • Country: US
  • Directions: 295 TO EXIT 10
  • Postal City: Cumberland
  • Postal Code: 02864
  • Road Frontage Type: Public
  • State Or Province: RI
  • Zoning: R1
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Open Parking Y N: Yes
  • Parking Features: No Garage
  • Parking Total: 5
Taxes and HOA Information
  • Tax Annual Amount: $4,891.00
  • Tax Assessed Value: 420900
  • Tax Block: 100
  • Tax Book Number: 1964
  • Tax Lot: 100
  • Tax Year: 2023
Property
Lot Information
  • Above Grade Fin SQFT: 2700.0
  • Building Area Total: 2700.0
  • Building Area Units: Square Feet
  • Farm Land Area Units: Square Feet
  • Living Area Source: Public Records
  • Lot Features: Corner Lot, Paved
  • Lot Size Acres: 0.1717
  • Lot Size Area: 7481.0
  • Lot Size Square Feet: 7481.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 1531MENDONRDCUMB
  • Stories Total: 3
Property and Assessments
  • Buyer Financing: Conventional
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Road Surface Type: Paved
  • Senior Community Y N: No
  • Year Built: 1890
  • Year Built Details: Actual
  • Year Built Source: Public Records
  • C L I P: 4,654,172,146
Utilities
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle
Interior Features
  • Appliances: Oven, Range, Refrigerator
  • Basement: Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 6
  • Cooling: None
  • Cooling Y N: No
  • Door Features: Insulated Doors
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood, Vinyl
  • Heating: Gas, Hot Water
  • Heating Y N: Yes
  • Interior Features: Tub Shower
  • Laundry Features: Common Area
  • Rooms Total: 11
  • Spa Y N: No
  • Window Features: Insulated Windows
Multi Family
Income & Expenses Information
  • Gross Income: $60,540.00
  • Net Operating Income: $60,540.00
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $.00
  • Description: Lease ends 10/24
  • Unit Type Area: 540.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $.00
  • Unit Type Area: 1080.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $.00
  • Description: Lease ends 9/24
  • Unit Type Area: 1080.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No
  • Tenant Pays: Hot Water
  • Total Actual Rent: $5,045.00

Property History for 1531 Mendon Road

DateEvent & SourcePriceAppreciation
Jun 3, 2024

Sold

MLS PIN #73216705

$625,000—
Jun 3, 2024

Sold

Rhode Island Association of REALTORS® #1355117

$625,000—
May 31, 2024

Sold (Public Record)

Public Record #1533873284

$625,000

+8.0% / yr

DateEvent & SourcePrice
06/03/2024

Sold

MLS PIN #73216705

$625,000
06/03/2024

Sold

Rhode Island Association of REALTORS® #1355117

$625,000
05/31/2024

Sold (Public Record)

Public Record #1533873284

$625,000

+8.0% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1531 Mendon Road

Taxable ValueLand$135,400Additions$285,500Total$420,900
Tax Record2025$5,164 ($430 / month)
Home Facts
Baths3Total Finished SqFt2,700 SqFtAbove Grade Finished SqFt2,700 SqFtUnfinished Basement SqFt1,080 SqFtStories3Lot Size7,841 SqFtStyleTriplexYear Built1890Year Renovated1890Zoning100CountyPROVIDENCEAPNCUMB M:039 B:0100 L:000

Schools near 1531 Mendon Road

This home is within Cumberland School District.
Rating
School
Type
Grades
Distance
Ashton School
Public - K to 5
Joseph L. McCourt Middle School
Public - 6 to 8
Cumberland High School
Public - 9 to 12
Rating
School
Distance
Ashton School
PublicK to 5

Joseph L. McCourt Middle School
Public6 to 8

Cumberland High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
1537-1539 Mendon Road, Unit 1539, Cumberland, RI 02864
–
–
–
3,995
4,966
2 Scott Road, Cumberland, RI 02864
$1
2
1,140
6,098
1535 Mendon Road, Cumberland, RI 02864
$299,000
12
3,995
4,965
1530 Mendon Road, Cumberland, RI 02864
–
–
–
3,311
9,975
1543 Mendon Road, Unit 1545, Cumberland, RI 02864
–
–
–
2,339
4,966

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HomeSmart Professionals

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.