NOT LISTED FOR SALE

1 Homestead Ave Smithfield, RI 02917

Smithfield Area

Estimated Value: $557,000 - $619,584

6 Beds
3 Baths
2,640 Sq Ft
$221/Sq Ft Est. Value

Sale Details

Date Sold: January 11, 2024

Last sale price $525,000 $199 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,708 / mo

6 Days on Market

Highlights

  • Golf Course Community
  • Recreation Facilities
  • Shops
  • Vincent J. Gallagher Middle School Rated A-
  • Public Transportation
  • 2-minute walk to Mendes Park

About This Home

As of January 2024

Rare find! Tremendous income in this well located three family on large 3/4 acre lot. Long term tenants in place. Gross annual income of $47,940.

Last Agent to Sell the Property

Karl Martone

RE/MAX Properties License #REB.0013618 Listed on: 11/21/2023

RE/MAX Properties

Last Buyer's Agent

Joseph Mullen

BHHS Pinnacle Realty License #RES.0040363

BHHS Pinnacle Realty

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,444

Year Built

  • Built in 1850

Lot Details

  • 0.81

Home Design

  • Stone Foundation
  • Aluminum Siding

Interior Spaces

  • 2,640 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Parking

  • 6 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System

Additional Features

  • 35,283 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 96
  • Assessor Parcel Number 1HOMESTEADAVSMTH

Community Details

Overview

  • 3 Units
  • Esmond Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Golf Course Community
  • Recreation Facilities

Building Details

  • Operating Expense $13,876

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,444

Year Built

Built in 1850

Lot Details

0.81 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.81
  • Subdivision Name: Esmond
  • Above Grade Finished Sq Ft: 2640.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1850
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Owner Pays: Hot Water
  • Has Basement: Exterior Entry, Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Other
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Aluminum Siding
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 35283.0
  • Parcel #: 1HOMESTEADAVSMTH
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 13876.0

Tax Info

  • Tax Annual Amount: 4444.0
  • Tax Lot: 96
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2023
Closed on
Jan 11, 2024
Sold by
Bought by
Seller's Agent
Karl Martone
RE/MAX Properties
Buyer's Agent
Joseph Mullen
BHHS Pinnacle Realty
List Price
$459,900
Sold Price
$525,000
Premium/Discount to List
$65,100
14.16%
Views
43
Current Estimated Value
$582,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,146
Avg. Annual Appreciation
4.12%
Original Mortgage
$393,750
Outstanding Balance
$383,992
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$198,154

Purchase Details

Listed on
Sep 27, 2016
Closed on
Jan 9, 2017
Sold by
Bought by
Seller's Agent
Allen Gammons
BHHS Commonwealth Real Estate
Buyer's Agent
Karl Martone
RE/MAX Properties
List Price
$269,900
Sold Price
$214,000
Premium/Discount to List
-$55,900
-20.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.66%
Original Mortgage
$160,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2016
Sold by
Bought by

Purchase Details

Closed on
Apr 5, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 20, 2010
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Smithfield, RI

  • Ania Kent Real Estate Agent - BHHS Commonwealth Real Estate

    Ania Kent

    BHHS Commonwealth Real Estate

    (401) 593-4359

    111 Total Sales

    1 in Smithfield

    $335,000 Price

    Ania Kent
     Section Image
  • Steven O'Bryan Real Estate Agent - Real Broker, LLC

    Steven O'Bryan

    Real Broker, LLC

    (401) 543-2059

    51 Total Sales

    2 in Smithfield

    $325K - $335K Price Range

    Steven O'Bryan
     Section Image
  • Bethany Johnsen Real Estate Agent - Residential Properties Ltd.

    Bethany Johnsen

    Residential Properties Ltd.

    (401) 681-3089

    42 Total Sales

    1 in Smithfield

    $500,000 Price

    Bethany Johnsen
     Section Image
  • Stephen Gaskin Real Estate Agent - Residential Properties Ltd.

    Stephen Gaskin

    Residential Properties Ltd.

    (774) 425-7127

    108 Total Sales

    1 in Smithfield

    $445,000 Price

    Stephen Gaskin
     Section Image
  • S & O Rhode Island Group Real Estate Agent - Smith and Oak Real Estate Co.

    S & O Rhode Island Group

    Smith and Oak Real Estate Co.

    (401) 592-5919

    73 Total Sales

    1 in Smithfield

    $330,000 Price

    S & O Rhode Island Group
     Section Image
  • Jaclyn Arruda Real Estate Agent - JPAR Prime Real Estate

    Jaclyn Arruda

    JPAR Prime Real Estate

    (401) 234-8052

    54 Total Sales

    1 in Smithfield

    $599,900 Price

    Jaclyn Arruda
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$525,000 None Available
$214,000 --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $393,750
Previous Owner $280,000
Closed $234,000
Closed $160,500
Previous Owner $75,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/11/2024 01/11/24 Sold $525,000 +14.2% $199 / Sq Ft
11/28/2023 11/28/23 Pending -- -- --
11/21/2023 11/21/23 For Sale $459,900 +114.9% $174 / Sq Ft
01/09/2017 01/09/17 Sold $214,000 -20.7% $81 / Sq Ft View Prior Sale
12/10/2016 12/10/16 Pending -- -- --
09/27/2016 09/27/16 For Sale $269,900 -- $102 / Sq Ft
Source: State-Wide MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,090 $491,500 $178,800 $312,700
2024 $4,677 $323,900 $152,100 $171,800
2023 $4,444 $323,900 $152,100 $171,800
2022 $4,339 $324,800 $152,100 $172,700
2021 $4,139 $241,600 $135,700 $105,900
2020 $4,061 $241,600 $135,700 $105,900
2019 $4,061 $241,600 $135,700 $105,900
2018 $3,356 $191,100 $88,000 $103,100
2017 $3,356 $191,100 $88,000 $103,100
2016 $3,197 $191,100 $88,000 $103,100
2015 $3,818 $217,300 $81,000 $136,300
2012 $3,721 $232,300 $94,800 $137,500
Source: Public Records

Agents Affiliated with this Home

  • Karl Martone Real Estate Agent - RE/MAX Properties

    Seller's Agent in 2024

    Karl Martone

    RE/MAX Properties

    (401) 232-3900

    308 Total Sales

    Karl Martone
    Section Image

  • J

    Buyer's Agent in 2024

    Joseph Mullen

    BHHS Pinnacle Realty

    (401) 486-3484

    43 Total Sales

    Joseph Mullen
    Section Image
  • Allen Gammons Real Estate Agent - BHHS Commonwealth Real Estate

    Seller's Agent in 2017

    Allen Gammons

    BHHS Commonwealth Real Estate

    (401) 742-6050

    391 Total Sales

    Allen Gammons
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1348495

State-Wide MLS

APN: SMIT-000024-000000-000096

Rhode Island Providence County Smithfield 02917

1 Homestead Ave, Smithfield, RI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

State-Wide MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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