NOT LISTED FOR SALE

116 School St Forestdale, RI 02824

Estimated Value: $349,000 - $590,000

5 Beds
3.5 Baths
2,688 Sq Ft
$184/Sq Ft Est. Value

Last Sold November 27, 2019

Last sale price $280,000 $104 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,975/month

118 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • 2 Car Detached Garage
  • North Smithfield Middle School Rated A-
  • Recreation Facilities
  • Bathtub with Shower

About This Home

As of November 2019

Investment Opportunity for this Unique 3 Family Property in Forestdale. First Floor Unit has 3 Beds, 1.5 Bath with Large Kitchen and Living Room, one year old boiler. Other 2 units have 1 bed, 1 bath. 2 Car Garage on property with Loft Storage above could be utilized for Additional Income. Nice Water View, Easy Access to Highways.

Last Agent to Sell the Property

June Mullen

LPT Realty License #RES.0041057 Listed on: 07/01/2019

LPT Realty

Co-Listed By

Amanda Loux

Gold Door Realty License #RES.0042992

Last Buyer's Agent

Jo-Ann Molinaro

RE/MAX Professionals License #RES.0027805

RE/MAX Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,686

Year Built

  • Built in 1850

Lot Details

  • 0.63 Acre Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Combination Foundation
  • Vinyl Siding

Interior Spaces

  • 2,688 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry Room
  • Utility Room
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathtub with Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 145
  • Assessor Parcel Number 116SCHOOLSTNSMF

Community Details

Overview

  • 4 Units
  • Forestdale Subdivision

Recreation

  • Recreation Facilities

Additional Features

  • Shops
  • Operating Expense $5,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,686

Year Built

Built in 1850

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.63
  • Co List Office Mls Id: KELW03
  • Co List Office Phone: 401-333-4900
  • Subdivision Name: Forestdale
  • Above Grade Finished Sq Ft: 2688.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1850
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater, Oven, Range, Refrigerator
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Laminate
  • Interior Amenities: Attic, Permanent Attic Stairs, Tub Shower
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Combination

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 27404.0
  • Parcel #: 116SCHOOLSTNSMF
  • Zoning: RU
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 5000.0

Tax Info

  • Tax Annual Amount: 3686.0
  • Tax Lot: 145
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2023
Sold by
Furtado Michael
Bought by
Furtado Michael and Dao Lam N
Current Estimated Value
$495,853

Purchase Details

Listed on
Jul 1, 2019
Closed on
Nov 21, 2019
Sold by
Archambault-Brannan J
Bought by
Furtado Michael
Seller's Agent
June Mullen
LPT Realty
Buyer's Agent
Jo-Ann Molinaro
RE/MAX Professionals
List Price
$325,000
Sold Price
$280,000
Premium/Discount to List
-$45,000
-13.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.94%
Original Mortgage
$274,928
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 22, 1982
Bought by
Achambault-Brannan J A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Furtado Michael -- None Available
Furtado Michael -- None Available
Furtado Michael $295,000 --
Furtado Michael $295,000 --
Achambault-Brannan J A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Furtado Michael $274,928
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2019 11/27/19 Sold $280,000 -13.8% $104 / Sq Ft
10/28/2019 10/28/19 Pending -- -- --
07/01/2019 07/01/19 For Sale $325,000 -- $121 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $4,393 $297,400 $66,000 $231,400
2023 $4,238 $297,400 $66,000 $231,400
2022 $4,137 $297,400 $66,000 $231,400
2021 $4,027 $247,200 $50,600 $196,600
2020 $3,993 $245,100 $50,600 $194,500
2019 $3,890 $245,100 $50,600 $194,500
2018 $3,500 $203,000 $56,400 $146,600
2017 $3,414 $203,000 $56,400 $146,600
2016 $3,321 $203,000 $56,400 $146,600
2015 $3,201 $191,900 $56,400 $135,500
2014 $3,074 $191,900 $56,400 $135,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1228147

State-Wide MLS

APN: NSMI-000005-000000-000145