News Summary
A historic home at 97 Angell St, near Brown University in Providence, has been sold for $2.3 million. The Italianate-style property features 6,950 square feet of living space, including six apartments with 13 bedrooms and seven bathrooms. The sale reflects ongoing trends in the preservation and renovation of historic residences in the area, continuing the commitment to maintaining Providence’s architectural heritage.
Providence Historic Home Sold for $2.3 Million
A historic home located at 97 Angell St, near Brown University in Providence, has been sold for $2.3 million, according to Compass Inc. The property, known for its rich heritage, features a stunning three-story, brick Italianate-style architecture and boasts a total living space of 6,950 square feet.
This residential building includes at least six apartments, comprising 13 bedrooms and seven full bathrooms. The land connected to the property is 0.21 acres, with a tax valuation of $369,000 for the land itself and a total property valuation of $1.77 million as assessed by Providence officials for the fiscal year 2024.
Historical Significance and Ownership
The mansion was first owned by Matthew Watson and his son, Robert Watson. In the latter half of the 19th century, the property came under the ownership of Robert Brayton Knight, who was a co-founder of the well-known apparel brand, Fruit of the Loom. Established in 1851 in Rhode Island by Knight and his brother, Benjamin, the company started as the B.B. and R. Knight Corp. after acquiring Pontiac Mills. The brand name “Fruit of the Loom” was introduced shortly after in 1856, marking the beginning of a significant legacy in the textile industry.
The Transaction
The recent sale was facilitated by Colin Bishop and Brian Bishop, who acted as trustees of the Living Trust Agreement of Betsy Lee Bishop. The transaction was represented by Kira Greene, the founding agent of Compass Providence, who coordinated both sides of the sale. The buyer, Lofty Ambitions LLC, is owned by Jill Sutton and specializes in the renovation of historic properties, indicating a continuing trend in preserving and rejuvenating such structures in the area.
Contemporary Trends in Property Renovation
This sale reflects ongoing trends in the renovation of historic properties within the Providence area. As urban development continues and interest in historic homes grows, many buyers are looking to invest in properties with rich histories and ample potential for modernization. The amenities of the property, including a wooden deck and a shed, further enhance its appeal to potential owners and investors.
The sale of the Angell Street home not only highlights the value of historic properties in Providence but also demonstrates the city’s dedication to maintaining its architectural legacy while catering to modern living needs. As the real estate market continues to evolve, houses like this one play a crucial role in bridging the past with the present.
In summary, the $2.3 million sale of this historic home underscores the blend of history and modernity that characterizes Providence’s real estate landscape, further establishing the city as a significant hub for investors and homeowners interested in preserving the charm of historic architecture.
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Additional Resources
- Providence Business News: Historic Home Sold for $2.3 Million
- Providence Journal: Immigrants Aren’t Job Stealers
- GoLocalProv: Cranston Among Best 50 Cities in America
- Legacy: Yvette Faubert Obituary
- Rolling Stone: Dumb and Dumber To Review
- Wikipedia: Providence, Rhode Island
- Google Search: Historic Homes in Providence
- Google Scholar: Real Estate Trends in Providence
- Encyclopedia Britannica: Historic Preservation
- Google News: Providence Real Estate
