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Sold for $511,000
    • $511,000

    978 Smithfield Ave, Lincoln, RI 02865

    5beds
    1,800sqft
    Multi Family
    Built in 1950
    -- sqft lot
    $588,500 Zestimate®
    $284/sqft
    $2,199 Estimated rent

    Home value

    $588,500

    $553,000 - $624,000

    $2,199/mo

    Zestimate® history
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    What's special

    Cozy bedroomsWelcoming front porchNatural lightModern kitchensWell-kept landscaping
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Alysandra Nemeth 860-575-3434,

    Redfin Corporation

    Bought with:

    Sherri Maestas, RES.0047659

    Century 21 Premier Agency

    Source: StateWide MLS RI,MLS#: 1368970MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Bathroom
    • Features: Bath w Tub & Shower
    Heating
    • Natural Gas, Baseboard, Forced Water
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater
    • Laundry: In Building
    Features
    • Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
    • Flooring: Ceramic Tile, Hardwood
    • Basement: Full,Interior and Exterior,Unfinished
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 2,240
    • Total interior livable area: 1,800 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Detached, Driveway
    • Garage spaces: 1
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    • Patio & porch: Deck
    Lot
    • Size: 7,405 Square Feet
    • Features: Sidewalks
    Details
    • Parcel number: LINCM06L4090U
    • Zoning: RG7
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Plaster, Vinyl Siding
    • Foundation: Unknown
    Condition
    • New construction: No
    • Year built: 1950

    Utilities & green energy

    • Electric: 100 Amp Service
    • Utilities for property: Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Near Public Transport, Commuter Bus, Highway Access, Restaurants, Schools, Near Shopping
    HOA
    • Has HOA: No
    Location
    • Region: Lincoln

    Financial & listing details

    • Price per square foot: $284/sqft
    • Tax assessed value: $471,700
    • Annual tax amount: $6,269
    • Date on market: 9/27/2024
    • Inclusions: Please see disclosures.
    • Total actual rent: 3300
    • Tenant pays: Heat

    Price history

    DateEventPrice
    12/16/2024Sold$511,000-2.7%$284/sqft
    Source: StateWide MLS RI #1368970 Report a problem
    11/22/2024Pending sale$525,000$292/sqft
    Source: StateWide MLS RI #1368970 Report a problem
    10/31/2024Contingent$525,000$292/sqft
    Source: StateWide MLS RI #1368970 Report a problem
    9/27/2024Listed for sale$525,000+250%$292/sqft
    Source: StateWide MLS RI #1368970 Report a problem
    4/19/2000Sold$150,000$83/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,377 +1.7%$471,700 +30.6%
    2024$6,269 +5.2%$361,300
    2023$5,958 +0.3%$361,300
    2022$5,943 +4.6%$361,300 +29%
    2021$5,683 0%$280,100
    2020$5,683 +66.8%$280,100 +24.2%
    2018$3,407 -31%$225,500
    2017$4,938 +0.5%$225,500 -0.9%
    2016$4,914 +13.3%$227,500 +23.4%
    2015$4,339 -0.2%$184,400
    2014$4,346 +0.3%$184,400
    2013$4,332 -3.3%$184,400 +790.8%
    2012$4,482 $20,700 -90%
    2011$4,482 $207,000
    2010$4,482 -12.7%$207,000 -29.3%
    2009$5,132 +3.9%$292,600
    2008$4,939 +6.5%$292,600 +23%
    2006$4,637 +1.6%$237,900
    2005$4,563 $237,900
    Find assessor info on the county website

    Neighborhood: 02865

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    Estimated market value
    $588,500
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    Estimated market value
    $588,500

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