NOT LISTED FOR SALE

505 Log Rd Smithfield, RI 02917

Smithfield Neighborhood

Estimated Value: $394,000 - $442,000

3 Beds
1 Bath
960 Sq Ft
$434/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $390,000 $406 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,691/month

7 Days on Market

Highlights

  • Golf Course Community
  • Wood Flooring
  • 3 Car Detached Garage
  • Vincent J. Gallagher Middle School Rated A-
  • Attic
  • Bathtub with Shower

About This Home

As of November 2023

**ALL OFFERS DUE 11/2 BY 5PM**

Check out this charming 3 bed, 1 bath Ranch nestled on a quiet country road in desirable Smithfield, RI. Built in 1957, this well cared for home features excellent ease of access to and from the surrounding areas combined with privacy. The home and property has had many updates over the years. The house is seated on a one acre wooded lot, with a 24'x32' detached heated 3 Bay garage/shop - a mechanic's dream! The main living space includes a bright living room entrance with excellent condition hardwood floors, just over 3 year old laminate flooring throughout the rest of the home and an ample sized kitchen. Down the hall, three well-sized bedrooms with closets are situated perfectly for one level living, with the full bath just before them. This cozy Ranch has so much potential! The septic system was completely replaced in September 22' with a future addition in mind. Do not wait to see this great property today!

Last Listed By

Mark Gould

Coldwell Banker Realty License #RES.0045602 Listed on: 10/27/2023

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,102

Year Built

  • Built in 1957

Lot Details

  • 1 Acre Lot

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 960 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Utility Room
  • Attic

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil
  • 200+ Amp Service
  • 100 Amp Service
  • Electric Water Heater
  • Septic Tank

Community Details

  • Golf Course Community

Listing and Financial Details

  • Tax Lot 043
  • Assessor Parcel Number 505LOGRDSMTH

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,102

Year Built

Built in 1957

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Inclusions: Lifts in Garage Excluded from Sale
  • Above Grade Finished Sq Ft: 960.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1957
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Attic, Tub Shower
  • Living Area: 960.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 13.0

Utilities

  • Cooling: None, Window Unit(s)
  • Cooling Y N: No
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 200+ Amp Service
  • Sewer: Septic Tank
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Schools
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 43560.0
  • Parcel #: 505LOGRDSMTH
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4101.52
  • Tax Lot: 043
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Nov 30, 2023
Sold by
Ralph A A and Ralph Lynn M
Bought by
Springhetti Corey and Springhetti Kayla A
Seller's Agent
Mark Gould
Coldwell Banker Realty
Buyer's Agent
David Dunne
RE/MAX FLAGSHIP, INC.
List Price
$379,000
Sold Price
$390,000
Premium/Discount to List
$11,000
2.9%
Total Days on Market
7
Views
67
Current Estimated Value
$416,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,738
Avg. Annual Appreciation
3.69%
Original Mortgage
$280,000
Outstanding Balance
$277,484
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$132,978

Purchase Details

Closed on
Jun 27, 2023
Sold by
Farrar Ralph A and Farrar Lynn M
Bought by
Ralph A A and Ralph Lynn M

Purchase Details

Closed on
Mar 7, 2013
Sold by
Farrar Ralph A and Farrar Lynn M
Bought by
Farrar Elizabeth E

Purchase Details

Closed on
Aug 27, 2009
Sold by
Farrar Elizabeth E and Farrar Ralph P
Bought by
Farrar Ralph A and Farrar Lynn M

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Springhetti Corey $390,000 None Available
Ralph A A -- None Available
Farrar Elizabeth E -- --
Farrar Ralph A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Springhetti Corey $280,000
Previous Owner Farrar Ralph A $120,000
Previous Owner Farrar Ralph $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $390,000 +2.9% $406 / Sq Ft
11/03/2023 11/03/23 Pending -- -- --
10/27/2023 10/27/23 For Sale $379,000 -- $395 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,433 $307,000 $156,700 $150,300
2023 $4,212 $307,000 $156,700 $150,300
2022 $4,102 $307,000 $156,700 $150,300
2021 $3,914 $228,500 $117,200 $111,300
2020 $3,841 $228,500 $117,200 $111,300
2019 $3,841 $228,500 $117,200 $111,300
2018 $3,796 $216,200 $117,200 $99,000
2017 $3,737 $212,800 $113,800 $99,000
2016 $3,560 $212,800 $113,800 $99,000
2015 $3,544 $201,700 $104,100 $97,600
2012 $3,550 $221,600 $120,700 $100,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mark Gould

    Coldwell Banker Realty

    (401) 742-6811

    1 in this area

    19 Total Sales

    Mark Gould
    Section Image
  • David Dunne

    Buyer's Agent in 2023

    David Dunne

    RE/MAX FLAGSHIP, INC.

    (401) 473-5299

    3 in this area

    124 Total Sales

    David Dunne
    Section Image
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Map

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Source: State-Wide MLS

MLS Number: 1346952

State-Wide MLS

APN: SMIT-000050-000000-000043A

Rhode Island Providence County Smithfield 02917 Smithfield

505 Log Rd, Smithfield, RI

Homes for Sale in Smithfield, RI

This home is located at 505 Log Rd, Smithfield, RI 02917 since 27 October 2023 and is currently estimated at $416,738, approximately $434 per square foot. This property was built in 1957. 505 Log Rd is a home located in Providence County with nearby schools including Vincent J. Gallagher Middle School and Smithfield High School.

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