Attention investors/developers: Buy this single-family home now and develop the property later. Be part of Rhode Island’s next hottest area for development!! Pad-ready with Master plan approval for 21 residential units and 9000 ft.² retail.” Prime location, high traffic visibility, next to corner lot of 250 George Washington Highway and Douglas Pike - close to 146 and 295. Zoned Planned Corporate and being part of the Overlay District there are many uses possible. Currently on site exists a single-family home. Opportunity for a combined purchase w/abutting property 250 George Washington Highway, totaling 6+ acres. Call for details. SITE 2 (Lot 411) 250 George Washington Highway $2,982,000 Resident 42 units @ 71K per door $2,518,764 Retail - 21,950 ft.² retail @ $45 per ft.² = $987,750 - 15% vacancy = $839,588 AOI $2,518,763 Land Cost (3 years of income) $4,179,940 Replacement Cost (5 years income) $1,679,176 Developers Profit (2 years income) $5,500,764 Land Value/Sale Price (Lot 411)
For sale
$2,750,000
230 George Washington Hwy, Smithfield, RI 02917
2beds
1,275sqft
Single Family Residence
Built in 1938
2.53 Acres Lot
$-- Zestimate®
$2,157/sqft
$-- HOA
What's special
High traffic visibilityCorner lot
- 357 days |
- 77 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Gary Balletto 401-641-9994,
Balletto Realty
Source: StateWide MLS RI,MLS#: 1390560
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Oil, Forced Water
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater
Features
- Flooring: Other
- Basement: Full,Bulkhead,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,275
- Total interior livable area: 1,275 sqft
- Finished area above ground: 1,275
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: No Garage
Lot
- Size: 2.53 Acres
Details
- Parcel number: SMITM46B000L067U
- Zoning: PC
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Wood
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Cesspool
- Utilities for property: Water Available, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Highway Access, Private School, Restaurants, Schools
HOA
- Has HOA: No
Location
- Region: Smithfield
Financial & listing details
- Price per square foot: $2,157/sqft
- Tax assessed value: $405,200
- Annual tax amount: $4,628
- Date on market: 7/22/2025
Estimated market value
Not available
Estimated sales range
Not available
$3,289/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2025 | Listed for sale | $2,750,000$2,157/sqft |
Source:  StateWide MLS RI #1390560 Report a problem | ||
| 7/20/2025 | Listing removed | $2,750,000$2,157/sqft |
Source: StateWide MLS RI #1364216 Report a problem | ||
| 7/20/2024 | Listed for sale | $2,750,000+22.2%$2,157/sqft |
Source: StateWide MLS RI #1364217 Report a problem | ||
| 7/20/2024 | Listing removed | -- |
Source: StateWide MLS RI #1343390 Report a problem | ||
| 11/13/2023 | Listed for sale | $2,250,000+3011%$1,765/sqft |
Source: StateWide MLS RI #1343391 Report a problem | ||
| 7/6/2023 | Sold | $72,324-95.1%$57/sqft |
Source: Public Record Report a problem | ||
| 6/4/2023 | Price change | $1,475,000-7.8%$1,157/sqft |
Source: StateWide MLS RI #1332865 Report a problem | ||
| 4/7/2023 | Listed for sale | $1,599,000+219.8%$1,254/sqft |
Source: StateWide MLS RI #1332865 Report a problem | ||
| 12/29/2022 | Sold | $500,000-25.9%$392/sqft |
Source: StateWide MLS RI #1299147 Report a problem | ||
| 11/3/2022 | Pending sale | $675,000$529/sqft |
Source: StateWide MLS RI #1299147 Report a problem | ||
| 12/1/2021 | Listed for sale | $675,000+246.2%$529/sqft |
Source: StateWide MLS RI #1299145 Report a problem | ||
| 3/12/2012 | Sold | $195,000$153/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,020 +2.2% | $405,200 +19.1% |
| 2024 | $4,911 +6.1% | $340,100 +0.8% |
| 2023 | $4,628 +2.7% | $337,300 |
| 2022 | $4,506 -8.8% | $337,300 +16.9% |
| 2021 | $4,942 0% | $288,500 |
| 2020 | $4,942 +1.9% | $288,500 |
| 2019 | $4,850 +23.4% | $288,500 +28.9% |
| 2018 | $3,930 +3.3% | $223,800 +3.3% |
| 2017 | $3,803 +4.9% | $216,600 |
| 2016 | $3,624 +2.6% | $216,600 +7.8% |
| 2015 | $3,532 +24.9% | $201,000 +13.9% |
| 2012 | $2,828 -2.4% | $176,500 -3.5% |
| 2011 | $2,899 +1.7% | $182,900 |
| 2010 | $2,851 -13.3% | $182,900 -22.2% |
| 2009 | $3,288 +2.2% | $235,200 |
| 2008 | $3,218 +3.4% | $235,200 |
| 2007 | $3,112 +7.6% | $235,200 +25.3% |
| 2006 | $2,891 +11.1% | $187,700 +5.9% |
| 2005 | $2,603 +5.3% | $177,300 |
| 2004 | $2,473 | $177,300 |
Find assessor info on the county website
Monthly payment
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Neighborhood: 02917
Nearby schools
GreatSchools rating
- 8/10Raymond Laperche SchoolGrades: PK-5Distance: 1.6 mi
- 7/10Vincent J. Gallagher Middle SchoolGrades: 6-8Distance: 2.5 mi
- 6/10Smithfield High SchoolGrades: 9-12Distance: 2.7 mi
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