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Backup Offers

122 Hope St, Providence, RI, 02906

$2,250,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
5 Full Baths, 1 Partial
Multi
Schools Nearby

Location

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122 Hope St, Providence$2,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingDetached, Garage, Garage Door Opener
Year Built1823
HeatingBaseboard, Natural Gas, Heat Pump, Other, Zoned
CoolingCentral Air, Ductless
BasementYes
WaterfrontWaterfront
FireplaceInsert, Gas, Masonry
MLS #1348177
Lot Size0.35 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 122 Hope St

"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!

Property Details

Property Features

Property Information:

  • Year Built: 1823

Listing Office:

  • Office Name: Compass
  • Office Phone: (401) 274-1644

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Interior: Attic, Permanent Attic Stairs, Tub Shower, Furnished
  • Fireplace: Insert, Gas, Masonry

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • Exterior: Porch, Patio, Sprinkler/Irrigation, Paved Driveway

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Garage, Garage Door Opener

Lot Features

Lot Information:

  • Lot: Corner Lot, Sprinklers
  • Lot Size: 0.35 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Heat Pump, Other, Zoned
  • Cooling: Central Air, Ductless

School Info

Assigned Schools Information:

  • Classical High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • W B Cooley & Academy Internationa, Public District Grades 9-12
  • Nathan Bishop Middle School, Public District Grades 6-8
  • Roger Williams Middle School, Public District Grades 6-8
  • Nathanael Greene Middle School, Public District Grades 6-8
  • Vartan Gregorian Elementary School, Public District Grades PK-5
  • Martin Luther King Elementary School, Public District Grades KG-5
  • Carl G. Lauro Elementary School, Public District Grades KG-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,250,000

Tax Information:

  • Annual Amount: $11,874
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Providence, RI.

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Providence, RI

City

Med. Sold Price

$433.7K

Med. Price/SqFt

$260

Avg. Days On Market

34

# of Sold Homes

90

122 Hope St vs Providence

163 DAYS ON ROCKET

+129 Days

$2,250,000

+$1.8M More

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price in Providence, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1348177

Listing Office:

  • Office Name: Compass
  • Office Phone: (401) 274-1644

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 7:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$11,874$805,800
2019$19,790$805,800
2018$22,187$694,200
2017$22,187$694,200

History based on county public records data.

Payment Calculator

$11.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,812

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1993282
3
/10

  • Vartan Gregorian Elementary School

  • 455 Wickenden St

  • 0.31 miles

  • Public District Grades PK-5

school-card-donut-1993283
4
/10

  • Martin Luther King Elementary School

  • 35 Camp St

  • 1.06 miles

  • Public District Grades KG-5

school-card-donut-1993284
2
/10

  • Carl G. Lauro Elementary School

  • 99 Kenyon St

  • 1.48 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1993285
2
/10

  • Nathan Bishop Middle School

  • 101 Sessions St

  • 1.23 miles

  • Public District Grades 6-8

school-card-donut-1993286
2
/10

  • Roger Williams Middle School

  • 278 Thurbers Ave

  • 1.84 miles

  • Public District Grades 6-8

school-card-donut-1993287
4
/10

  • Nathanael Greene Middle School

  • 721 Chalkstone Ave

  • 1.94 miles

  • Public District Grades 6-8

High School

school-card-donut-1993288
9
/10

  • Classical High School

  • 770 Westminster St

  • 1.22 miles

  • Public District Grades 9-12

school-card-donut-1993289
2
/10

  • Central High School

  • 70 Fricker St

  • 1.30 miles

  • Public District Grades 9-12

school-card-donut-1993290
2
/10

  • W B Cooley & Academy Internationa

  • 182 Thurbers Ave

  • 1.76 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,793. Typical income of Providence, RI residents is less than $35k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Rhode Island›Providence County›Providence›02906›122 Hope St

This home is located at 122 Hope St in Providence, RI and zip code 02906 in the College Hill neighborhood. This home, which was built in 1823, sits on a 0.35 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 17, 2023 and is currently priced at $2,250,000.

In March 2024 more than 46 listings in Providence, RI were sold above the asking price. During the same period more than 22 listings were sold at asking price, while more than 22 were sold below. The inventory of homes for sale in Providence, RI between February 2024 and March 2024 increased by 6.3%. While the average time on the market in March 2024 was 34 days, the median list price was $433,787.

From Rocket Homes Real Estate and based on county public records data.

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