NOT LISTED FOR SALE

274 Waterman Ave Smithfield, RI 02917

Estimated Value: $402,942 - $557,000

3 Beds
3 Baths
5,378 Sq Ft
$94/Sq Ft Est. Value

Last Sold September 27, 2022

Last sale price $325,000 $60 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,157/month

239 Days on Market

Highlights

  • Golf Course Community
  • Wooded Lot
  • Tennis Courts
  • Vincent J. Gallagher Middle School Rated A-
  • Corner Lot
  • Bathtub with Shower

About This Home

As of September 2022

Great opportunity for owner occupied and/or investors. A must see legal 3 Unit in a great neighborhood of Smithfield. This property offers on one side two apartments up/down with one cozy bedroom each & one full bathroom. The other side offers one modest bedrooms & one full bathroom on first floor with access in hall to basement. The upstairs on this side has great potential to combine both units or use for extra storage space. Large back & front yard. Plenty of off street parking for tenants.Close by to I295, local restaurants & shopping, Cash & Conventional buyers only will not pass FHA financing.
Schedule your appointment today!

Last Agent to Sell the Property

Melissa Grylls

Blu Sky Real Estate License #RES.0042313 Listed on: 12/28/2021

Last Buyer's Agent

Ted Bourque

Residential Properties Ltd. License #RES.0040733

Residential Properties Ltd.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,883

Year Built

  • Built in 1850

Lot Details

  • 0.93 Acre Lot
  • Corner Lot
  • Wooded Lot

Home Design

  • Fixer Upper
  • Clapboard
  • Plaster

Interior Spaces

  • 5,378 Sq Ft Home
  • 2-Story Property
  • Storage Room

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 062
  • Assessor Parcel Number 274WATERMANAVSMTH

Community Details

Overview

  • 3 Units

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,883

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.93
  • Above Grade Finished Sq Ft: 5378.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1850
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Interior Amenities: Tub Shower
  • Dining Room Type: Storage Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, Wooded
  • Construction Type: Drywall, Plaster, Clapboard
  • Property Condition: Fixer

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 40510.0
  • Parcel #: 274WATERMANAVSMTH
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2883.0
  • Tax Lot: 062
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2023
Sold by
Trinity Prop Of Rl Llc
Bought by
Baldwin Robert J
Current Estimated Value
$507,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Outstanding Balance
$325,451
Interest Rate
6.13%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$181,785

Purchase Details

Listed on
Dec 28, 2021
Closed on
Sep 27, 2022
Sold by
Belleavoine Edward V Est and Ogorman
Bought by
Trinity Properties Of Ri
Seller's Agent
Melissa Grylls
Blu Sky Real Estate
Buyer's Agent
Ted Bourque
Residential Properties Ltd.
List Price
$325,000
Sold Price
$325,000
Views
52

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.93%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Baldwin Robert J -- None Available
Baldwin Robert J -- None Available
Baldwin Robert J -- None Available
Baldwin Robert J -- None Available
Trinity Properties Of Ri $325,000 None Available
Trinity Properties Of Ri $325,000 None Available
Trinity Properties Of Ri $325,000 None Available
Trinity Properties Of Ri $325,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baldwin Robert J $336,000
Closed Baldwin Robert J $336,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2022 09/27/22 Sold $325,000 0.0% $60 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
08/19/2022 08/19/22 For Sale $325,000 0.0% $60 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
12/28/2021 12/28/21 For Sale $325,000 -- $60 / 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
2025 $5,947 $480,000 $140,800 $339,200
2024 $3,629 $251,300 $119,900 $131,400
2023 $3,448 $251,300 $119,900 $131,400
2022 $3,357 $251,300 $119,900 $131,400
2021 $2,883 $168,300 $88,600 $79,700
2020 $2,829 $168,300 $88,600 $79,700
2019 $2,829 $168,300 $88,600 $79,700
2018 $2,657 $151,300 $73,800 $77,500
2017 $2,657 $151,300 $73,800 $77,500
2016 $2,531 $151,300 $73,800 $77,500
2015 $3,026 $172,200 $68,000 $104,200
2012 $3,246 $202,600 $79,500 $123,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Melissa Grylls

    Blu Sky Real Estate

    (401) 864-8311

    1 in this area

    28 Total Sales

    Melissa Grylls
    Section Image

  • T

    Buyer's Agent in 2022

    Ted Bourque

    Residential Properties Ltd.

    (401) 749-1699

    2 in this area

    55 Total Sales

    Ted Bourque
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1300487

State-Wide MLS

APN: SMIT-000027-000000-000062

Rhode Island Providence County Smithfield 02917

274 Waterman Ave, Smithfield, RI

Not Listed for Sale

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