230 George Washington Hwy Smithfield, RI 02917
Estimated payment $15,341/month
Highlights
- Senior Community
- Wetlands on Lot
- Public Transportation
- 2.53 Acre Lot
- Wooded Lot
- Restaurant
About This Lot
Attention investors/developers: Buy this single-family home now and develop the property later. Be part of Rhode Island's next hottest area for development!! Pad-ready with Master plan approval for 21 residential units and 9000 ft. retail. Prime location, high traffic visibility, next to corner lot of 250 George Washington Highway and Douglas Pike - close to 146 and 295. Zoned Planned Corporate and being part of the Overlay District there are many uses possible. Currently on site exists a single-family home. Opportunity for a combined purchase w/abutting property 250 George Washington Highway, totaling 6+ acres. Call for details. SITE 2 (Lot 411) 250 George Washington Highway $2,982,000 Resident 42 units @ 71K per door $2,518,764 Retail - 21,950 ft. retail @ $45 per ft. = $987,750 - 15% vacancy = $839,588 AOI $2,518,763 Land Cost (3 years of income) $4,179,940 Replacement Cost (5 years income) $1,679,176 Developers Profit (2 years income) $5,500,764 Land Value/Sale Price (Lot 411)
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,628
Lot Details
- 2.53 Acre Lot
- Level Lot
- Wooded Lot
- Finished Lot(s)
- Property is zoned PC, Condominium,Multi-Family,Residential
Utilities
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 67
- Assessor Parcel Number 230GEORGEWASHINGTONHWYSMTH
Community Details
Overview
- Senior Community
Amenities
- Restaurant
- Public Transportation
Recreation
- Wetlands on Lot
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $5,020 | $405,200 | $219,600 | $185,600 |
| 2024 | $4,911 | $340,100 | $182,800 | $157,300 |
| 2023 | $4,628 | $337,300 | $180,000 | $157,300 |
| 2022 | $4,506 | $337,300 | $180,000 | $157,300 |
| 2021 | $4,942 | $288,500 | $194,900 | $93,600 |
| 2020 | $4,850 | $288,500 | $194,900 | $93,600 |
| 2019 | $4,850 | $288,500 | $194,900 | $93,600 |
| 2018 | $3,930 | $223,800 | $126,400 | $97,400 |
| 2017 | $3,803 | $216,600 | $119,200 | $97,400 |
| 2016 | $3,624 | $216,600 | $119,200 | $97,400 |
| 2015 | $3,532 | $201,000 | $113,300 | $87,700 |
| 2012 | $2,828 | $176,500 | $95,100 | $81,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | For Sale | $2,750,000 | +450.0% | -- |
| 12/29/2022 12/29/22 | Sold | $500,000 | -25.9% | $238 / Sq Ft |
| 12/01/2021 12/01/21 | For Sale | $675,000 | 0.0% | $321 / Sq Ft |
| 12/13/2020 12/13/20 | For Rent | $2,000 | 0.0% | -- |
| 12/13/2020 12/13/20 | Rented | $2,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $72,324 | None Available | |
| Warranty Deed | $500,000 | None Available | |
| Warranty Deed | $500,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $195,000 | -- | |
| Deed | $72,324 | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $195,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $400,000 | Purchase Money Mortgage | |
| Previous Owner | $156,000 | New Conventional | |
| Previous Owner | $192,000 | No Value Available |
Source: State-Wide MLS
MLS Number: 1390554
APN: SMIT-000046-000000-000067
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