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40 Farnum Pike #3, Smithfield, RI, 02917

3beds
3baths
1,600sqft
$435,000
$272price/sqft
$3,217/moest. monthly cost
$128,680/yrincome needed

About This Home

Welcome to Riverbend Condominiums, a four-unit development situated in the desirable Smithfield neighborhood. This thoughtfully designed three-bedroom end-unit tri-level condominium boasts an abundance of natural light, a granite kitchen, tiled bathrooms, hardwood flooring throughout the main areas, carpeted bedrooms, and a stainless steel appliance package. The laundry room is conveniently located on the upper level, adjacent to the bedrooms. Riverbend Condominiums offers low condo fees, quality construction, and a high-efficiency heating and cooling system, making it an exceptionally cost-effective place to reside. Its convenient location provides easy access to highways, shopping centers, schools, and all necessary amenities. It serves as an excellent alternative to a single-family home.

Getting Around

29
WalkingCar-Dependent
0
TransitVery Limited Transit
10
BikeSomewhat Bikeable

Schools

7/10
Old County Road SchoolGrades K-50.2 mi
6/10
Smithfield High SchoolGrades 9-121.9 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2025

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Laundry features: In Unit

Basement

  • Basement: None

Bathroom

  • Features: Bath w Tub, Bath w Shower Stall

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Plumbing (Mixed)
  • Flooring: Hardwood
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 1,600

Heating & Cooling

  • Heating features: Electric,Heat Pump,Hot Air
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 1,600
  • Total interior livable area: 1,600 sqft

Property

Features

  • Stories: 3
  • Waterfront features: River

Lot

  • Lot size: 0.46 Acres
  • Features: Corner Lot

Parking

  • Total spaces: 3
  • Parking features: Attached,Assigned
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Hurricane
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,199$26,388
Home Insurance *$198$2,376
Property Taxes $431$5,172
Electricity $389$4,675
Total$3,217$38,604
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$110,297/yr
40% on housing$96,510/yr
45% on housing$85,786/yr

Rhode Island FAIR Plan Programs

Rhode Island Joint Reinsurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 16,029Commercial: 109
Total Premiums$36.73M
Total Exposure$6.14B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -2.5%
-2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$272This listing

vs Other Active Listings

Avg $/sqft

ZIP 02917$292
Providence County$248

vs Homes Sold Last Month

Median $/sqft

ZIP 02917$288
Providence County$271

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-08Listed for sale$435,000
2026-04-07Listing removed--
2026-03-12Listed for sale$435,000

New Construction

AgentHerland Cabrera
BrokerageWestcott Properties

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