341-343 Lloyd Ave, Providence, RI 02906

5 beds5 baths3,467 sqft Edit

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Off Market
Zestimate®: $498,830
Rent Zestimate®: $1,602/mo
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My Notes

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FREE HOUSE - live in the 3rd floor studio and rent from the 1st and 2nd floors will cover all your expenses, even at the full asking price. Note that property taxes to owner-occupants in this house are about $6800 per year...Providence has higher tax rates for investors.
Ideal location - 10 min walk to Brown University in a quiet neighborhood with about 50% single-family houses. Never a vacancy in 20 years of ownership and never rented to undergraduate students.
1st and 2nd floor units are 2bdrm, 2bath, hardwoods, tile baths, pocket doors, working fireplaces, built in cabinets. 3rd floor huge studio with tile bath, extensive closets, 15 ft ceiling, skylights. Basement with tenant and owner storage areas, shared laundry, and guest room or office. Off street parking behind house for 5 cars.
Compare with 388 Lloyd, a nearly identical house with less parking which sold for $500K in Jan, 2014 and 393 Lloyd, a similar house which sold for $453K in May 2014. Both houses are within one block of 341-343 Lloyd.
Will provide complete financial details and additional photos to qualified buyers.
 

What I love about the home

Neighborhood with lovely older homes, easy walk to all conveniences, excellent rental history with steady stream of quality tenants coming annually to Brown, RISD, and local hospitals.
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Facts

  • Lot: 3,999 sqft
  • Multi Family
  • Built in 1900
  • Views: 4,766 all time views
  • Cooling: None
  • Heating: Other
  • Last sold: Aug 1994 for $145,000

Features

  • Ceiling Fan
  • Double Pane/Storm Windows
  • Fireplace
  • Flooring: Hardwood, Tile
  • Mother-in-Law Apartment
  • Parking: Off street
  • Skylight
  • Unfinished basement, 1000 sqft
  • Vaulted Ceiling

Appliances Included

  • Dishwasher
  • Dryer
  • Refrigerator
  • Washer

Construction

  • Exterior material: Wood
  • Roof type: Asphalt
  • Room count: 13
  • Stories: 3

Other

  • Floor size: 3,467 sqft
  • Heating: Gas
  • Last remodel year: 1998
  • Laundry: In Unit
  • Parcel #: P:0390203 L:0000
  • Zillow Home ID: 65968963

Zestimate Details

Zestimate
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$498,830
+$24,385 Last 30 days
$444K
$569K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,602/mo
-$45 Last 30 days
$1.1K
$3.2K
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4,766 all-time views
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61 forecasted views of this home
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Comparable Homes

Homes like this sold for $395-550K.

$340K
$600K

Mortgages

Neighborhood: Blackstone

Zillow predicts Blackstone home values will fall 2.8% next year, compared to a 2.4% decrease for Providence as a whole. Among Blackstone homes, this home is valued 15.1% more than the midpoint (median) home, but is valued 30.2% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In Blackstone, the number of foreclosures waiting to be sold is 81.6% less than in Providence, and 59% lower than the national average. This lower local number could help Blackstone home values rise more quickly than other regions in Providence.

Learn more about forecast calculations or Blackstone home values.
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Nearby

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    Nearby Schools in Providence

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org