Rare find! Tremendous income in this well located three family on large 3/4 acre lot. Long term tenants in place. Gross annual income of $47,940.
Sold for $525,000 on 01/11/24
$525,000
1 Homestead Ave, Smithfield, RI 02917
6beds
2,639sqft
Multi Family
Built in 1850
-- sqft lot
$617,400 Zestimate®
$199/sqft
$2,274 Estimated rent
Home value
$617,400
$580,000 - $654,000
$2,274/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 12, 2024 at 07:01am
Listed by:
Karl Martone 401-232-7900,
RE/MAX Properties
Bought with:
Joseph Mullen, RES.0040363
BHHS Pinnacle Realty
Source: StateWide MLS RI,MLS#: 1348495
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Oil, Forced Water
Cooling
- None
Features
- Flooring: Other
- Basement: Partial,Interior and Exterior,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,640
- Total interior livable area: 2,639 sqft
Property
Parking
- Total spaces: 6
- Parking features: No Garage
Features
- Stories: 2
Lot
- Size: 0.81 Acres
Details
- Parcel number: SMITM24B000L096U
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Aluminum Siding
- Foundation: Stone
Condition
- New construction: No
- Year built: 1850
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Connected
- Water: Public
- Utilities for property: Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming
Location
- Region: Smithfield
- Subdivision: Esmond
HOA & financial
Other financial information
- Total actual rent: 3995
Price history
| Date | Event | Price |
|---|---|---|
| 1/11/2024 | Sold | $525,000+14.2%$199/sqft |
Source:  StateWide MLS RI #1348495 | ||
| 11/28/2023 | Pending sale | $459,900$174/sqft |
Source: StateWide MLS RI #1348495 | ||
| 11/21/2023 | Listed for sale | $459,900+114.9%$174/sqft |
Source: StateWide MLS RI #1348495 | ||
| 1/9/2017 | Sold | $214,000-14.4%$81/sqft |
Source: StateWide MLS RI #1137884 | ||
| 10/13/2016 | Price change | $249,900-7.4%$95/sqft |
Source: BHHS Gammons Realty #1137884 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,090 +30.2% | $491,500 +51.7% |
| 2024 | $4,677 +5.2% | $323,900 |
| 2023 | $4,444 +2.4% | $323,900 -0.3% |
Find assessor info on the county website
Neighborhood: 02917
Nearby schools
GreatSchools rating
- 5/10Old County Road SchoolGrades: K-5Distance: 0.3 mi
- 7/10Vincent J. Gallagher Middle SchoolGrades: 6-8Distance: 1.8 mi
- 7/10Smithfield High SchoolGrades: 9-12Distance: 1.9 mi
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$617,400
2% more+ $12,348
With Zillow Showcase(estimated)
$629,748