$511,000
SOLD DEC 16, 2024

978 Smithfield Ave Lincoln, RI 02865

Saylesville Highlands Neighborhood
5 Beds
3.5 Baths
2,240 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$228 Per Sq Ft

3% Below List Price

56 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Bathtub with Shower
  • Lincoln Senior High School Rated A-
  • 1 Car Detached Garage
  • Public Transportation

About This Home

As of December 2024

This well-maintained two-family home is an ideal investment property, currently fully rented, ensuring immediate income. The exterior showcases a classic design with a welcoming front porch and well-kept landscaping, reflecting the care taken by the owners. Each unit features spacious living areas filled with natural light, offering comfortable layouts with modern kitchens and cozy bedrooms. The units are equipped with separate utilities, enhancing tenant privacy and convenience. A separate garage provides additional storage and parking options, an asset for tenants in urban areas. The property is strategically located near various amenities, including grocery stores, restaurants, and parks, making it attractive to renters. Additionally, its proximity to major highways ensures easy commuting to surrounding areas, further enhancing its desirability. Overall, this two-family home is a prime example of a solid investment in a thriving community.

Last Agent to Sell the Property

Alysandra Nemeth

Redfin Corporation License #RES.0043520 Listed on: 09/27/2024

Redfin Corporation

Last Buyer's Agent

Sherri Maestas

Century 21 Limitless License #RES.0047659

Century 21 Limitless

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,269

Year Built

  • Built in 1950

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Vinyl Siding
  • Plaster

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathtub with Shower

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Deck
  • 7,405 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 409
  • Assessor Parcel Number 978SMITHFIELDAVLINC

Community Details

Overview

  • 2 Units

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,269

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Inclusions: Please see disclosures.
  • Above Grade Finished Sq Ft: 2240.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Exterior Features: Deck, Paved Driveway
  • Foundation Details: See Remarks
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 5.0

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.0
  • Parcel #: 978SMITHFIELDAVLINC
  • Zoning: RG7
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6269.0
  • Tax Block: 000
  • Tax Lot: 409
  • Tax Year: 2024

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2024 12/16/24 Sold $511,000 -2.7% $228 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
09/27/2024 09/27/24 For Sale $525,000 -- $234 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Buyer's Agent in 2024

    Sherri Maestas

    Century 21 Limitless

    (401) 787-2929

    1 in this area

    63 Total Sales

    Sherri Maestas
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1368970

State-Wide MLS

APN: LINC M:06 L:409.0 U:

Rhode Island Providence County Lincoln 02865 Saylesville Highlands

978 Smithfield Ave, Lincoln, RI

Sold

MultiFamily

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