NOT LISTED FOR SALE

7 Arnold Ave Smithfield, RI 02917

Estimated Value: $497,525 - $574,000

8 Beds
3 Baths
3,744 Sq Ft
$140/Sq Ft Est. Value

Sale Details

Date Sold: May 5, 2021

Last sale price $350,000 $93 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,284 / mo

38 Days on Market

Highlights

  • Corner Lot
  • Bathtub with Shower
  • Tankless Water Heater
  • Vincent J. Gallagher Middle School Rated A-
  • Laundry Room
  • Storage Room

About This Home

As of May 2021

Rare find! Investors or owner occupied! Smithfield 3 family, total of 8 bedrooms, two 3 bedroom units and one 2 bedroom unit. tenants pay utilities off street parking. Tenants are month to month no leases in place. Great opportunity!
(Highest and Best by 3:00 today)

Last Agent to Sell the Property

Lucy Heelon

RE/MAX Real Estate Center License #RES.0028935 Listed on: 02/25/2021

RE/MAX Real Estate Center

Last Buyer's Agent

Gregory Coupe

Long Realty, Inc. License #REC.0005239

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,106

Year Built

  • Built in 1920

Lot Details

  • 10,019 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Wood Siding
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 3,744 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry Room
  • Utility Room

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 8 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Tankless Water Heater
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 026
  • Assessor Parcel Number 7ARNOLDAVSMTH

Community Details

Overview

  • 3 Units
  • Esmond Subdivision

Amenities

  • Shops
  • Public Transportation

Building Details

  • Operating Expense $9,971

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,106

Year Built

Built in 1920

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Subdivision Name: Esmond
  • Above Grade Finished Sq Ft: 3744.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater, Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Tub Shower, Cable TV
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Drywall, Plaster, Wood Siding, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Available, Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10019.0
  • Parcel #: 7ARNOLDAVSMTH
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 9971.0

Tax Info

  • Tax Annual Amount: 4106.0
  • Tax Lot: 026
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2021
Closed on
May 5, 2021
Sold by
Bought by
Seller's Agent
Lucy Heelon
RE/MAX Real Estate Center
Buyer's Agent
Gregory Coupe
Long Realty, Inc.
List Price
$349,900
Sold Price
$350,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$525,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,381
Avg. Annual Appreciation
8.24%
Original Mortgage
$262,500
Outstanding Balance
$237,891
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$287,490
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$350,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $262,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/05/2021 05/05/21 Sold $350,000 0.0% $93 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $349,900 -- $93 / Sq Ft
Source: State-Wide MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,418 $437,300 $161,300 $276,000
2024 $4,787 $331,500 $149,000 $182,500
2023 $4,548 $331,500 $149,000 $182,500
2022 $4,429 $331,500 $149,000 $182,500
2021 $4,185 $244,300 $133,200 $111,100
2020 $4,107 $244,300 $133,200 $111,100
2019 $4,107 $244,300 $133,200 $111,100
2018 $3,414 $194,400 $86,400 $108,000
2017 $3,414 $194,400 $86,400 $108,000
2016 $3,252 $194,400 $86,400 $108,000
2015 $3,741 $212,900 $75,500 $137,400
2012 $3,673 $229,300 $88,900 $140,400
Source: Public Records

Agents Affiliated with this Home

  • Lucy Heelon

    Seller's Agent in 2021

    Lucy Heelon

    RE/MAX Real Estate Center

    (401) 641-2221

    2 in this area

    75 Total Sales

    Lucy Heelon
    Section Image
  • Gregory Coupe

    Buyer's Agent in 2021

    Gregory Coupe

    Long Realty, Inc.

    (401) 647-5454

    12 in this area

    210 Total Sales

    Gregory Coupe
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1276186

State-Wide MLS

APN: SMIT-000026-000000-000026

Rhode Island Providence County Smithfield 02917

7 Arnold Ave, Smithfield, RI

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