NOT LISTED FOR SALE

531 Douglas Pike Smithfield, RI 02917

Estimated Value: $504,000 - $722,000

12.09 Acres
$47,834 Price per Acre
526,640 Sq Ft Lot

Last Sold May 17, 2022

Last sale price $400,000

Est. 45% increase in value since last sale

Current estimated payment $3,317/month

48 Days on Market

Highlights

  • 12.09 Acre Lot
  • Wooded Lot
  • Public Transportation
  • Raymond Laperche School Rated A
  • Tennis Courts
  • Shops

About This Lot

As of May 2022

Attention Builders, Contractors & Investors. Great Opportunity for a Residential Development in Highly Sought after Smithfield. Opportunity for a 24-27 Condominium Complex with Gas, Electric and Water. See the attachments for prior Residential Development work. You may be able to put up 6 Single Family homes if desired. Frontage Directly off of Douglas Pike with close Highway Access & many Amenities close by.

Last Agent to Sell the Property

Frank Denette

Keller Williams Coastal License #REB.0018551 Listed on: 03/07/2022

Keller Williams Coastal

Last Buyer's Agent

Claire Jubb

RE/MAX Preferred License #RES.0014474

RE/MAX Preferred

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,646

Lot Details

  • 12.09 Acre Lot
  • Wooded Lot
  • Property is zoned Condominium,Residential

Location

  • Property near a hospital

Utilities

  • Private Water Source
  • Well

Listing and Financial Details

  • Tax Lot 80/B
  • Assessor Parcel Number 531DOUGLASPIKESMTH

Community Details

Overview

  • Smithfield Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Tennis Courts
  • Recreation Facilities

Property Details

Property Type

Land

Est. Annual Taxes

$4,646

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 12.09
  • Road Frontage Type: None
  • Road Surface Type: None
  • Subdivision Name: Smithfield
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Possible Use: Single Family, Development, Residential

Exterior Features

  • Lot Features: Wooded

Utilities

  • Utilities: None, Water Available
  • Water Source: Public, Private, Well

Condo/Co-op/Association

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

Lot Info

  • Development Status: Raw Land
  • Land Lease: No
  • Lot Size Sq Ft: 526640.0
  • Wooded Area: 100.0
  • Parcel #: 531DOUGLASPIKESMTH
  • Zoning Description: Condominium,Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4646.0
  • Tax Lot: 80/B
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2024
Sold by
Torre Hldg Llc
Bought by
Douglas Pike Llc
Current Estimated Value
$578,314

Purchase Details

Listed on
Mar 7, 2022
Closed on
May 16, 2022
Sold by
Koppolu Raveendra
Bought by
Torre Holdings Llc
Seller's Agent
Frank Denette
Keller Williams Coastal
Buyer's Agent
Claire Jubb
RE/MAX Preferred
List Price
$499,900
Sold Price
$400,000
Premium/Discount to List
-$99,900
-19.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.48%

Purchase Details

Listed on
Mar 24, 2016
Closed on
Nov 20, 2017
Sold by
Frank O Monti Sr Ret and Monti
Bought by
Koppolu Raveendra
Seller's Agent
Michael Pinelli
RE/MAX Preferred
Buyer's Agent
Michael Pinelli
RE/MAX Preferred
List Price
$350,000
Sold Price
$271,250
Premium/Discount to List
-$78,750
-22.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%
Original Mortgage
$230,563
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2015
Sold by
Monti Michael J and Andrade Catherine
Bought by
Hainsworth Jamie A and Hainsworth Charles E
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
Douglas Pike Llc -- None Available
Douglas Pike Llc -- None Available
Torre Holdings Llc $400,000 None Available
Torre Holdings Llc $400,000 None Available
Torre Holdings Llc $400,000 None Available
Koppolu Raveendra $271,250 --
Koppolu Raveendra $271,250 --
Hainsworth Jamie A -- --
Hainsworth Jamie A -- --
Hainsworth Jamie A -- --
Hainsworth Jamie A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Koppolu Raveendra $230,563
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2022 05/17/22 Sold $400,000 -20.0% --
04/25/2022 04/25/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $499,900 +84.3% --
11/20/2017 11/20/17 Sold $271,250 -22.5% -- View Prior Sale
10/21/2017 10/21/17 Pending -- -- --
03/24/2016 03/24/16 For Sale $350,000 -- --
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 $3,762 $303,600 $303,600 $0
2024 $3,853 $266,800 $266,800 $0
2023 $3,660 $266,800 $266,800 $0
2022 $3,564 $266,800 $266,800 $0
2021 $3,955 $230,900 $230,900 $0
2020 $3,881 $230,900 $230,900 $0
2019 $3,881 $230,900 $230,900 $0
2018 $2,630 $149,800 $149,800 $0
2017 $1,874 $106,700 $106,700 $0
2016 $1,785 $106,700 $106,700 $0
2015 $1,790 $101,900 $101,900 $0
2012 $2,129 $132,900 $132,900 $0
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2022

    Frank Denette

    Keller Williams Coastal

    (401) 248-4644

    1 in this area

    79 Total Sales

    Frank Denette
    Section Image
  • Claire Jubb

    Buyer's Agent in 2022

    Claire Jubb

    RE/MAX Preferred

    (401) 447-3303

    9 in this area

    61 Total Sales

    Claire Jubb
    Section Image
  • Michael Pinelli

    Seller's Agent in 2017

    Michael Pinelli

    RE/MAX Preferred

    (401) 354-5400

    5 in this area

    68 Total Sales

    Michael Pinelli
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1304540

State-Wide MLS

APN: SMIT-000045-000000-000080B

Rhode Island Providence County Smithfield 02917

531 Douglas Pike, Smithfield, RI

Not Listed for Sale

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