Address
122 Hope Street, Providence, RI
Price
$ 2,250,000
Property Attributes
- MLS#1348177
- TypePending
- CountyPROVIDENCE
- CityProvidence
- NeighborhoodFox Point
- Zip02906
- StyleMultiFamily
- Year Built1823
- Taxes$ 15007
- Price$ 2,250,000
- Bedrooms8
- Full Bathrooms5
- Half Bathrooms1
- Sqr Footage7140
- Lot Size0.3531 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
"Rich folks live on Power, but most of us live off Hope" ~ excerpted from the iconic cartoon designed by John Peck (1978). Located at the corner of Power and Hope Streets, this signature 6-unit Victorian Mansard home is available for the first time in almost 50 years. The Underwood-Hale Durfee House ca. 1823 has been beautifully restored and impeccably maintained by its current owner/resident. Period details abound: multiple stained glass windows, lovely millwork and built-ins, pocket doors and a towering belvedere served by an internal stairway. Roofs have been recently replaced, exterior painted, updated mechanicals, A/C. Carefully landscaped gardens provide a secluded and spacious oasis on an expansive 15,000+ SF lot with 3-car garage plus ample parking. Truly an exceptional opportunity! Please Note: A Conservation Easement protects the open area of the property. Further information is available upon request. (Also: MLS limits data entry to a max of 4 units; the property is a legal 6-unit and currently used as a 5-unit in order to preserve the owner-occupied Homestead Exemption) NOTE: Owner-occupancy in R-1 district allows for short-term rentals yielding a very generous income stream!
| Price History | |
|---|---|
| 11/17/2023 | Listed $2,500,000 |
| 1/16/2024 | 10% - $2,250,000 |
General Features
| Interior Features | Attic,PermanentAtticStairs,TubShower,Furnished |
|---|---|
| Sewer | Connected,PublicSewer |
| Heating | Baseboard,Gas,HeatPump,Individual,Zoned |
| Cooling | CentralAir,Ductless |
| Utilities | SewerConnected |
| Possession | Negotiable |
| Appliances | CommonWaterHeater,Dryer,Dishwasher,GasWaterHeater,Microwave,Oven,Range,Refrigerator,WaterHeater,Washer |
| Exterior Features | Porch,Patio,SprinklerIrrigation,PavedDriveway |
| Zoning | R1 HD |
| Garage Spaces | 3.0 |
| Patio/Porch Features | Patio,Porch |
| Security Features | SecuritySystemOwned |
| Construction Materials | Drywall,Plaster,Clapboard,WoodSiding |
| Year Built | 1823 |
| Electric | Item100AmpService,CircuitBreakers,Item220Volts |
| Property SubType | MultiFamily |
| Tax Year | 2023 |
| OwnerPays | HotWater |
| Waterfront Features | WalktoWater |
| Community Features | HighwayAccess,Marina,NearSchools,PublicTransportation,Shopping,Sidewalks |
| County | Providence |
| Operating Expense | 25000.0 |
| New Construction | No |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | Fox Point |
| Garage Y/N | Yes |
| Total Rooms | 17 |
| Status | Pending |
| City | Providence |
| Buyer Agent Compensation | 2.5% VNS |
| Green Location | PublicTransportation,Walkability |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 4 |
| Lot Size Square Feet | 15381.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Hope |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 15007.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 166 |
| Structure Type | Apartment |
| Standard Status | Pending |
| Tax Assessed Value | 1434800 |
| Tax Lot | 185 |
| Expected Active Date | 2023-11-17 |
| MobileHomeRemainsYN | No |
Interior Features
| Basement | ExteriorEntry,Full,InteriorEntry,PartiallyFinished |
|---|---|
| Flooring | CeramicTile,Hardwood,Vinyl,Carpet |
| Furnished Y/N | Furnished |
| Total Fireplaces | 2 |
| Fireplace Features | Insert,Gas,Masonry |
| Total Stories | 3 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | StormWindows |
| Fireplace Y/N | Yes |
| Above Grade Finished Area | 7140.0 |
| Full Baths | 5 |
| Half Baths | 1 |
| Street Suffix | Street |
| Laundry Features | CommonArea,InUnit |
| Total Bedrooms | 8 |
| Electric On Property Y/N | No |
| LivingAreaSource | Other |
| Total Baths | 6 |
Exterior Features
| Fencing | Fenced |
|---|---|
| Parking Features | Detached,Garage,GarageDoorOpener |
| Lot Features | CornerLot,SprinklerSystem |
| Water Source | Connected,Public |
| Total Parking | 10.0 |
| Inclusions | Hot water supply for all units is paid by Owner 2A: heat,electric and hot water are included in rent (currently vacant) Units G,2B and 3 are furnished rentals Exclusions: tall mirror w/gold frame,bra |
| Lot Size Area | 15381.0 |
| Foundation Details | Combination |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 7140.0 |
| Lot Size Acres | 0.3531 |
| Lot Size Units | SquareFeet |
| Covered Spaces | 3.0 |
| Door Features | StormDoors |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 02906
Price
Taxes
Visits
Year Built
Walkscore
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