The recently sold historic bungalow located in the Paterson Park area of Providence.
A historic bungalow in Providence, built in 1919, has been sold for $1.25 million. The 2,900 sq ft home features four bedrooms, a fireplace, and lush gardens. The sale highlights increasing demand for vintage homes in the area, showcasing the charm and desirability of historic properties in urban settings.
A historic bungalow built in 1919 located at 43 Oriole Ave. in the Paterson Park area of Providence has recently been sold for $1.25 million, according to public records. This significant sale highlights the ongoing interest in vintage homes within desirable neighborhoods of the city.
The recently sold bungalow showcases 2,900 square feet of living space, including four bedrooms and two full bathrooms. The property is noted for its appealing features, such as original hardwood floors, a cozy fireplace, and an inviting wraparound front porch, all of which contribute to its charm. The home is situated on a landscaped lot that encompasses 0.14 acres of land, with well-maintained front and back gardens.
Additional outdoor amenities include a 250-square-foot brick patio, which is located along the west side of the home, providing an excellent space for relaxation or gatherings. Its proximity to Blackstone Park adds to the property’s appeal, as residents can easily access outdoor recreational activities, including walking trails and green spaces.
This home last held a valuation of $655,400 by Providence assessors for fiscal year 2024, a significant increase when compared to the final sale price. Such a rise in property value underscores the increasing demand for real estate in Providence, particularly in neighborhoods rich with history and community amenities.
The recent transaction was facilitated by two real estate professionals from Compass Providence. Rebecca Mayer represented the sellers, while Kira Greene took the lead in assisting the buyers. The sellers were Amee Spondike and Bryan Spondike, who sold the residence to Jared Goodman and Tina Hu from Brooklyn, New York. This sale was officially recorded in a warranty deed, which is a public documentation process used to formalize property transactions.
The charm of the bungalow style homes, combined with the lush surroundings of the Paterson Park area, continues to attract homebuyers interested in both character and community. The sale of this particular bungalow exemplifies the trend in urban settings where older homes are often sought after for their unique designs and historical characteristics.
This transaction reflects broader trends occurring in the Providence housing market, where buyers increasingly seek properties that offer a blend of modern amenities and traditional aesthetics. As interest in classic architecture remains strong, it is expected that similar properties in the area may follow suit regarding sales prices and buyer interest.
The transaction has also sparked discussions among real estate analysts regarding the future of the Providence housing market, especially concerning the valuation of homes that have historical significance or are situated in sought-after neighborhoods. With demographics shifting and more individuals moving into urban areas, especially from larger metropolitan regions, the position of Providence as a desirable place to live seems to be solidifying.
As demand continues and properties like this bungalow draw attention, prospective homeowners and investors may find that opportunities in the Providence market could remain competitive. This reflects a larger narrative within many urban centers where charm, history, and access to nature play pivotal roles in real estate desirability.
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