NOT LISTED FOR SALE

439 Farnum Pike Smithfield, RI 02917

Estimated Value: $278,509 - $556,000

6 Beds
3 Baths
2,748 Sq Ft
$140/Sq Ft Est. Value

Last Sold December 15, 2022

Last sale price $641,500 $233 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $2,334/month

132 Days on Market

Highlights

  • Above Ground Pool
  • 1.37 Acre Lot
  • Wooded Lot
  • Raymond Laperche School Rated A
  • Deck
  • Wood Flooring

About This Home

As of December 2022

TWO is ALWAYS BETTER THAN ONE! Check out this AMAZING investment opportunity---- two single family homes being bundled as a package --- Colonial larger home #441 has 1,874 sq ft 3 bedrooms and 2 full bathrooms and sits on 3/4 of an acre. And the smaller cottage #439 has 3 beds and one full updated bath and has 2/3rds of an acre! Fantastic opportunity to live in one and rent the other. Perfect solution to so many types of family arrangements - in-laws, family compound, blended families, great friends, investors, or whatever plan you can come up with!
#441 colonial-- features many updates throughout-wonderful front porch, updated country kitchen, completely redone full bath; hardwoods, larger family room area with access to the multi level decks and pool! Shed for yard equipment and plenty of land for outdoor games - surrounded by wooded privacy! Master bedroom features a walk-in closet and a full bath; additional two bedrooms upstairs; laundry on the main floor; propane heat
#439 cottage - features screened front porch, open living room/dining area and kitchen; renovated full bath and main bedroom on the first floor-- upstairs has two smaller bedrooms; oil heat
Detached garage essentially for storage only. Both homes are on cesspools but sellers are willing to credit for a new system or work something into negotiations. DO NOT MISS THIS OPPORTUNITY to own something incredible in SMITHFIELD!

Last Agent to Sell the Property

Kathy Bain Farrell

RE/MAX Town & Country Listed on: 08/04/2022

RE/MAX Town & Country

Last Buyer's Agent

Kristina Grande

HomeSmart Professionals License #RES.0043059

HomeSmart Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,198

Year Built

  • Built in 1940

Lot Details

  • 1.37 Acre Lot
  • Wooded Lot

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 2,748 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Free Standing Fireplace
  • Thermal Windows
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Interior and Exterior Basement Entry
  • Crawl Space

Parking

  • 6 Car Detached Garage
  • Driveway

Pool

  • Above Ground Pool
  • Saltwater Pool

Outdoor Features

  • Deck
  • Screened Patio
  • Outbuilding
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Pellet Stove burns compressed wood to generate heat
  • Baseboard Heating
  • Heating System Uses Steam
  • 200+ Amp Service
  • 100 Amp Service
  • Well
  • Tankless Water Heater
  • Gas Water Heater
  • Cesspool
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 27 & 28
  • Assessor Parcel Number 439441FARNUMPIKESMTH

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Smithfield Subdivision

Amenities

  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,198

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 1.37
  • Co List Office Mls Id: RMAX17
  • Co List Office Phone: 401-333-0020
  • Inclusions: Had the cottage rented for way below market value!
  • Subdivision Name: SMITHFIELD
  • Above Grade Finished Sq Ft: 2748.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Water Heater, Washer
  • Has Basement: Crawl Space, Exterior Entry, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: Free Standing
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Attic, Permanent Attic Stairs, Skylights, Tub Shower, Cable TV
  • Stories: 2
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: Owner

Exterior Features

  • Lot Features: Wooded
  • Pool Features: Above Ground, Salt Water
  • Construction Type: Plaster, Clapboard, Wood Siding
  • Exterior Features: Deck, Porch, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Porch, Screened

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Propane, Oil, Pellet Stove
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 200+ Amp Service, Circuit Breakers
  • Sewer: Cesspool
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 59677.0
  • Parcel #: 439441FARNUMPIKESMTH
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6198.0
  • Tax Lot: 27 & 28
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2022
Closed on
Dec 16, 2022
Sold by
Desjarlais Douglas J and Desjarlais Kathyrine M
Bought by
Baker Lindsay and Gibbons Theodore
Seller's Agent
Kathy Bain Farrell
RE/MAX Town & Country
Buyer's Agent
Kristina Grande
HomeSmart Professionals
List Price
$650,000
Sold Price
$641,500
Premium/Discount to List
-$8,500
-1.31%
Views
172
Current Estimated Value
$383,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$257,623
Avg. Annual Appreciation
-19.69%
Original Mortgage
$154,875
Outstanding Balance
$150,535
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$205,904
Source: Public Records

Range of Values:

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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
Baker Lindsay $206,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baker Lindsay $154,875
Previous Owner Desjarlais Douglas J $58,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2022 12/15/22 Sold $641,500 -1.3% $233 / Sq Ft
08/04/2022 08/04/22 For Sale $650,000 -- $237 / 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 $2,911 $201,600 $131,300 $70,300
2023 $2,766 $201,600 $131,300 $70,300
2022 $2,693 $201,600 $131,300 $70,300
2021 $2,743 $160,100 $113,800 $46,300
2020 $2,691 $160,100 $113,800 $46,300
2019 $2,691 $160,100 $113,800 $46,300
2018 $2,139 $121,800 $80,300 $41,500
2017 $2,139 $121,800 $80,300 $41,500
2016 $2,038 $121,800 $80,300 $41,500
2015 $2,035 $115,800 $72,400 $43,400
2012 $2,150 $134,200 $89,000 $45,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1317092

State-Wide MLS

APN: SMIT-000049-000000-000028