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Backup Offers

978 Smithfield Ave, Lincoln, RI, 02865

$525,000

Home List Price

$6,234*

Closing Credit

5 Bedrooms
3 Full Baths, 1 Partial
Multi

Location

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978 Smithfield Ave, Lincoln$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached, Garage
Year Built1950
HeatingBaseboard, Natural Gas, Hot Water
CoolingNone
BasementYes
FireplaceNone
MLS #1368970
Lot Size0.17 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 978 Smithfield Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1950

Listing Office:

  • Office Name: Redfin Corporation
  • Office Phone: (877) 973-3346

Interior Features

Interior Information:

  • Appliances: Gas Water Heater, Water Heater
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior: Tub Shower
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Deck, Paved Driveway

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Hot Water
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000

Tax Information:

  • Annual Amount: $5,683
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lincoln, RI.

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Lincoln, RI

City

Med. Sold Price

$467.7K

Med. Price/SqFt

$265

Avg. Days On Market

23

# of Sold Homes

17

978 Smithfield Ave vs Lincoln

54 DAYS ON ROCKET

+31 Days

$525,000

+$57.3K More

KEY TAKEAWAY

This property is $57.3K more than the Median Sold Price in Lincoln, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1368970

Listing Office:

  • Office Name: Redfin Corporation
  • Office Phone: (877) 973-3346

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 5:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 19, 2000Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,683$280,100
2020$5,641$280,100
2018$5,040$225,500
2017$4,938$225,500

History based on county public records data.

Payment Calculator

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-195375
5
/10

  • Saylesville Elementary School

  • 50 Woodland St

  • 0.47 miles

  • Public District Grades KG-5

school-card-donut-195376
2
/10

  • Ella Risk School

  • 949 Dexter St

  • 0.80 miles

  • Public District Grades KG-4

school-card-donut-195377
5
/10

  • Veterans Memorial Elementary School

  • 150 Fuller Ave

  • 0.94 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $83,131. Residents of Lincoln, RI typically earn between $35k-100k each year. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Lincoln, RI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Lincoln, RI?

The housing landscape in Lincoln is characterized by a blend of single-family homes and multi-family residences, with single-family homes being a significant portion of the market. Architectural styles in the area range from classic colonial to contemporary, reflecting the town's historical roots and modern growth. The majority of homes were constructed during the late 20th century, with a focus on family-friendly designs and amenities.

What are the advantages of living in Lincoln, RI?

Lincoln prides itself on its serene suburban atmosphere, offering residents a peaceful living environment with access to numerous parks and recreational areas. The community is celebrated for its annual events that foster a strong sense of togetherness, such as the Lincoln Arts Festival and the town's Fourth of July celebration, which highlight the local culture and arts scene.

Are essential services in Lincoln, RI convenient?

Residents of Lincoln benefit from a solid educational system, with several public schools serving the area, as well as access to healthcare facilities that provide a range of services from primary care to specialized treatments. The town also features a public library system that serves as a hub for learning and community engagement. Retail and dining options in Lincoln reflect the local culture, offering a mix of national chains and independent businesses that cater to a variety of tastes and preferences.

How do Lincoln, RI residents get around?

Lincoln's transport infrastructure includes a network of roads and highways that connect residents to nearby cities and towns, facilitating easy commuting and travel. Public transportation options are available, providing connections to key areas within the town and to broader destinations. The community is also equipped with sidewalks and bike paths in certain areas, promoting walkability and cycling as alternative modes of transport.

Rocket Homes›Rhode Island›Providence County›Lincoln›02865›978 Smithfield Ave

This home is located at 978 Smithfield Ave in Lincoln, RI and zip code 02865. This home, which was built in 1950, sits on a 0.17 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $525,000.

In October 2024 more than 3 listings in Lincoln, RI were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 7 were sold below. The inventory of homes for sale in Lincoln, RI between September 2024 and October 2024 increased by 1.4%. In October 2024, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $467,700.

From Rocket Homes Real Estate and based on county public records data.

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