NOT LISTED FOR SALE

5 Franklin Way North Smithfield, RI 02896

Estimated Value: $615,617 - $847,000

3 Beds
2.5 Baths
2,400 Sq Ft
$299/Sq Ft Est. Value

Last Sold January 31, 2019

Last sale price $425,000 $177 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,150/month

63 Days on Market

Highlights

  • Golf Course Community
  • 1.67 Acre Lot
  • Deck
  • North Smithfield Middle School Rated A-
  • Cape Cod Architecture
  • Wooded Lot

About This Home

As of January 2019

Awesome contemporary house on a beautiful wooded lot in a desirable location! Tons of new upgrades including new hardwoods, carpets, wet bar, recessed lighting, front windows, stone fireplace with wood framing, backsplash in kitchen, all new sliding glass doors, skylight, painting, and wainscoting wall paneling in the dining room. Also two-car attached garage and central air. This one is a must see and it is move-in ready!

Last Agent to Sell the Property

Kathy Bain Farrell

RE/MAX Town & Country Listed on: 10/29/2018

RE/MAX Town & Country

Co-Listed By

Richard Drolet

RE/MAX Town & Country License #RES.0042284

Last Buyer's Agent

Ellen Morrissey

Fontaine Real Estate, Inc. License #RES.0028206

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,451

Year Built

  • Built in 1985

Lot Details

  • 1.67 Acre Lot
  • Sprinkler System
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Cape Cod Architecture
  • Contemporary Architecture
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Skylights
  • Stone Fireplace
  • Thermal Windows

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Home Security

  • Security System Owned
  • Storm Doors

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Outbuilding

Utilities

  • Central Air
  • Heating System Uses Oil
  • Baseboard Heating
  • 200+ Amp Service
  • Well
  • Oil Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • Accessible Doors
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 235
  • Assessor Parcel Number 5FRANKLINWYNSMF

Community Details

Overview

  • Heritage Hill Estates Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,451

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.6722
  • Co List Office Mls Id: RMAX17
  • Co List Office Phone: 401-333-0020
  • Subdivision Name: Heritage Hill Estates
  • Above Grade Finished Sq Ft: 2400.0
  • Architectural Style: Cape Cod, Contemporary
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1985
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Trash Compactor
  • Accessibility Features: Accessible Doors
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
  • Interior Amenities: Wet Bar, Cathedral Ceiling(s), Skylights, Tub Shower, Cable TV
  • Living Area: 2400.0
  • Stories: 2
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: Owner

Exterior Features

  • Lot Features: Sprinkler System, Wooded
  • Construction Type: Clapboard
  • Exterior Features: Balcony, Deck, Patio, Sprinkler/Irrigation, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Balcony, Deck, Patio

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 5.0

Utilities

  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 72841.0
  • Parcel #: 5FRANKLINWYNSMF
  • Zoning: Res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6451.0
  • Tax Lot: 235
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2018
Closed on
Jan 31, 2019
Sold by
Paul D Carlson Ret 2018 and Carlson
Bought by
Gonzalez Vicki L and Gonzalez Efrain S
Seller's Agent
Kathy Bain Farrell
RE/MAX Town & Country
Buyer's Agent
Ellen Morrissey
Fontaine Real Estate, Inc.
List Price
$459,000
Sold Price
$425,000
Premium/Discount to List
-$34,000
-7.41%
Current Estimated Value
$697,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,185
Avg. Annual Appreciation
7.92%
Original Mortgage
$389,193
Outstanding Balance
$342,861
Interest Rate
4.6%
Mortgage Type
FHA
Estimated Equity
$374,793

Purchase Details

Closed on
Apr 5, 2018
Sold by
Carlson Paul D
Bought by
Paul D Carlson 2018 Re and Carlson

Purchase Details

Listed on
Jan 25, 2017
Closed on
Apr 7, 2017
Sold by
Linda E Rowey 2015 Ret and Rowey
Bought by
Carlson Paul D
Seller's Agent
The DiSpirito Team
Engel & Volkers Oceanside
Buyer's Agent
Kathy Bain Farrell
RE/MAX Town & Country
List Price
$379,900
Sold Price
$366,250
Premium/Discount to List
-$13,650
-3.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.06%
Original Mortgage
$274,600
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 1986
Bought by
Rowey Joseph L and Rowey Linda E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gonzalez Vicki L $425,000 --
Paul D Carlson 2018 Re -- --
Carlson Paul D $366,250 --
Rowey Joseph L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Vicki L $389,193
Previous Owner Rowey Joseph L $200,000
Previous Owner Rowey Joseph L $274,600
Previous Owner Rowey Joseph L $245,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2019 01/31/19 Sold $425,000 -7.4% $177 / Sq Ft
01/01/2019 01/01/19 Pending -- -- --
10/29/2018 10/29/18 For Sale $459,000 +25.3% $191 / Sq Ft
04/07/2017 04/07/17 Sold $366,250 -3.6% $153 / Sq Ft View Prior Sale
03/08/2017 03/08/17 Pending -- -- --
01/25/2017 01/25/17 For Sale $379,900 -- $158 / 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 $5,929 $401,400 $145,200 $256,200
2023 $5,720 $401,400 $145,200 $256,200
2022 $5,583 $401,400 $145,200 $256,200
2021 $5,939 $364,600 $144,100 $220,500
2020 $5,939 $364,600 $144,100 $220,500
2019 $5,786 $364,600 $144,100 $220,500
2018 $6,615 $383,700 $181,000 $202,700
2017 $6,454 $383,700 $181,000 $202,700
2016 $6,277 $383,700 $181,000 $202,700
2015 $6,038 $362,000 $167,500 $194,500
2014 $5,799 $362,000 $167,500 $194,500
Source: Public Records

Agents Affiliated with this Home

  • Kathy Bain Farrell

    Seller's Agent in 2019

    Kathy Bain Farrell

    RE/MAX Town & Country

    (401) 374-1211

    9 in this area

    526 Total Sales

    Kathy Bain Farrell
    Section Image
  • Richard Drolet

    Seller Co-Listing Agent in 2019

    Richard Drolet

    RE/MAX Town & Country

    (401) 248-3899

    1 in this area

    11 Total Sales

    Richard Drolet
    Section Image

  • E

    Buyer's Agent in 2019

    Ellen Morrissey

    Fontaine Real Estate, Inc.

    (401) 769-7821

    27 in this area

    37 Total Sales

    Ellen Morrissey
    Section Image
  • The DiSpirito Team

    Seller's Agent in 2017

    The DiSpirito Team

    Engel & Volkers Oceanside

    (401) 244-8355

    15 in this area

    472 Total Sales

    The DiSpirito Team
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1208265

State-Wide MLS

APN: NSMI-000003-000000-000235

Rhode Island Providence County North Smithfield 02896

5 Franklin Way, North Smithfield, RI

Not Listed for Sale

Detached

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