3 Linwood - West End
Nearby Houses:
None yet photographed. Please take a picture if you see one.
3 Linwood Ave
- May 28th, 2009
- Photog: Funsickle
- Category: residential
3 Linwood - West End
Nearby Houses:
None yet photographed. Please take a picture if you see one.
This appears to be a vary salvageable property, one wonders what happened. There seems to be enough units there to sustain a fairly hefty mortage, it must be a victim of the usual “over mortgaging”.
Although I admire the Italianate structures added today, the cost of revitilization of those would be so high that they would almost have to be free. Otherwise, they fail any cost/benefit analysis. This one looks as though it might carry itself.
This has been empty for just over a year. Most of the windows are intact. Parking is a problem as the lot around back is rather small to sustain so many units (pass on-street parking!). Still, I am surprised a developer hasn’t jumped on this. Asking price must be too high.
I am have a little trouble with this one, although the Warren Group could probably explain it. It is their compilation. Warren Group used to be 2-3 guys in a 3rd floor walk up in Boston, probably a bigger operation now.
2/28/2007 Equity One Mtg Co – Monteiro, Antonio $293,000 8565 306
2/28/2007 IB Property Holdings LLC – Monteiro, Emanuel Antonio $293,000 8565 306
A quick analysis is that this was foreclosed with a first and second mortgage. I notice both sales are on one day, have the same seller and are recorded on the same Book/Page 8565-306. Where a sale is listed to a “bank”, in this case Equity One it is usually a foreclosure. If Providence deeds are computerized, you can usually pull up the document by Book & Page.
About the parking, a few ideas. Reduce the number of units (although the property card picture only shows 5 mailboxes), plant the usual evergreens (arbor vitae?) across the front and put parking in the front yard.
I notice a “for sale” sign, that may predate the foreclosure.