NOT LISTED FOR SALE

261 Mountaindale Rd Smithfield, RI 02917

Estimated Value: $687,000 - $815,193

10 Beds
4 Baths
6,840 Sq Ft
$110/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $575,000 $84 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,742/month

4 Days on Market

Highlights

  • Water Views
  • River Access
  • Bathtub with Shower
  • Vincent J. Gallagher Middle School Rated A-
  • Thermal Windows
  • Tankless Water Heater

About This Home

As of May 2022

Amazing investment opportunity in this HUGE side by side townhouse style duplex, Less than 4 miles from Bryant University! Each unit is identical and consists of 5 large bedrooms, 2 full baths, first floor laundry, formal dining and living room, as well as an eat-in kitchen that spans out on over 1900+ sqft each unit! This money maker is perfect for Bryant University student rentals or large families looking for a ton of space! The property grosses just under $5,000/mo with room to increase. Each unit has separate utilities, updated electrical and plumbing throughout entire building, 2 Navien High Efficiency heat and h/w systems, New flooring throughout both units, and newer windows. Both units have been updated and tastefully modernized. Beautiful elevated water views overlooking Stump pond, and easy access to walking trails. You do not want to miss out on this great property! Close, easy access to Rt 295 and 146.

Last Agent to Sell the Property

matt sousa

Keller Williams Leading Edge License #RES.0035898 Listed on: 03/31/2022

Keller Williams Leading Edge

Last Buyer's Agent

Geddes/ Dupuis Team

Residential Properties Ltd.

Residential Properties Ltd.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,707

Year Built

  • Built in 1845

Lot Details

  • 0.43 Acre Lot

Home Design

  • Combination Foundation
  • Stone Foundation
  • Wood Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 6,840 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • River Access
  • Walking Distance to Water

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Baseboard Heating
  • 100 Amp Service
  • Private Water Source
  • Well
  • Tankless Water Heater
  • Gas Water Heater
  • Cesspool
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 48
  • Assessor Parcel Number 261MOUNTAINDALERDSMTH

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,707

Year Built

Built in 1845

Lot Details

0.43 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.43
  • Above Grade Finished Sq Ft: 6840.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1845
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 10
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Tub Shower, Cable TV
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Water
  • View: Yes
  • Waterfront Features: River Access, Water Access, Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Wood Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Combination, Stone

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Propane
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Cesspool
  • Water Source: Private, Well

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 18731.0
  • Parcel #: 261MOUNTAINDALERDSMTH
  • Zoning: R80
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5707.11
  • Tax Lot: 48
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2022
Closed on
May 6, 2022
Sold by
Raposa Joseph W
Bought by
Mountaindale Rentals Llc
Seller's Agent
matt sousa
Keller Williams Leading Edge
Buyer's Agent
Geddes/ Dupuis Team
Residential Properties Ltd.
List Price
$529,900
Sold Price
$575,000
Premium/Discount to List
$45,100
8.51%
Current Estimated Value
$755,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,548
Avg. Annual Appreciation
7.27%
Original Mortgage
$431,250
Outstanding Balance
$403,105
Interest Rate
4.42%
Mortgage Type
Commercial
Estimated Equity
$352,443

Purchase Details

Listed on
Jun 5, 2018
Closed on
Oct 12, 2018
Sold by
Grilli Dennis R and Grilli Carol
Bought by
Raposa Joseph W
Seller's Agent
Michael Pinelli
RE/MAX Preferred
Buyer's Agent
Cathy Sousa
Serhant New England
List Price
$349,900
Sold Price
$346,000
Premium/Discount to List
-$3,900
-1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.24%
Original Mortgage
$339,733
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 2004
Sold by
Triangelo Joseph
Bought by
Grilli Dennis and Grilli Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2001
Sold by
Macari Maureen D
Bought by
Macari Jason
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
Mountaindale Rentals Llc $575,000 None Available
Mountaindale Rentals Llc $575,000 None Available
Mountaindale Rentals Llc $575,000 None Available
Raposa Joseph W $346,000 --
Raposa Joseph W $346,000 --
Grilli Dennis $395,000 --
Grilli Dennis $395,000 --
Macari Jason $52,000 --
Macari Jason $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mountaindale Rentals Llc $431,250
Closed Mountaindale Rentals Llc $431,250
Previous Owner Raposa Joseph W $339,733
Previous Owner Macari Jason $316,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/09/2022 05/09/22 Sold $575,000 +8.5% $84 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $529,900 +53.2% $77 / Sq Ft
10/12/2018 10/12/18 Sold $346,000 -1.1% $51 / Sq Ft View Prior Sale
09/12/2018 09/12/18 Pending -- -- --
06/05/2018 06/05/18 For Sale $349,900 -- $51 / Sq Ft
Source: State-Wide MLS

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 $8,461 $682,900 $168,300 $514,600
2024 $5,868 $406,400 $144,500 $261,900
2023 $5,576 $406,400 $144,500 $261,900
2022 $5,430 $406,400 $144,500 $261,900
2021 $5,788 $337,900 $108,000 $229,900
2020 $5,680 $337,900 $108,000 $229,900
2019 $5,680 $337,900 $108,000 $229,900
2018 $6,216 $354,000 $108,000 $246,000
2017 $6,216 $354,000 $108,000 $246,000
2016 $5,922 $354,000 $108,000 $246,000
2015 $6,051 $344,400 $98,600 $245,800
2012 $5,878 $366,900 $115,400 $251,500
Source: Public Records

Agents Affiliated with this Home

  • matt sousa

    Seller's Agent in 2022

    matt sousa

    Keller Williams Leading Edge

    (401) 662-3924

    1 in this area

    14 Total Sales

    matt sousa
    Section Image

  • G

    Buyer's Agent in 2022

    Geddes/ Dupuis Team

    Residential Properties Ltd.

    (401) 692-0407

    4 in this area

    138 Total Sales

    Geddes/ Dupuis Team
    Section Image
  • Michael Pinelli

    Seller's Agent in 2018

    Michael Pinelli

    RE/MAX Preferred

    (401) 354-5400

    5 in this area

    64 Total Sales

    Michael Pinelli
    Section Image
  • Cathy Sousa

    Buyer's Agent in 2018

    Cathy Sousa

    Serhant New England

    (401) 474-8306

    140 Total Sales

    Cathy Sousa
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1306223

State-Wide MLS

APN: SMIT-000043-000000-000048

Rhode Island Providence County Smithfield 02917

261 Mountaindale Rd, Smithfield, RI

Not Listed for Sale

MultiFamily

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