NORTH SMITHFIELD – One of this town’s oldest structures, a home built in 1690 at 225 Iron Mine Hill Road, has seen a price drop of $150,000, down to an asking price of $650,000.
The property needs extensive updating, but there are a lot of factors making it attractive to the right buyer.
“Debuting for the first time in years, this extraordinary 32-plus acre estate atop scenic Iron Mine Hill Road offers a rare opportunity to own one of North Smithfield’s earliest homes,” states the listing from Scott McGee of RE/MAX Properties. “Built in 1690, this historic Colonial blends timeless character with incredible potential.”
Surrounded by mature woods, private trails, and a picturesque seasonal pond, the property is ideal for hiking, horseback riding, ATVs, golf carts, or enjoying the privacy of one’s own country retreat, it adds.
The land is enrolled in a transferable forest management program, providing extremely low real estate taxes, say those selling it.
The home offers approximately 2,418 square feet with 4-plus bedrooms, two full baths, hardwood floors ready for restoration, and a second-floor kitchenette with existing plumbing, offering potential for multi-generational living or guest space.
A detached four-car garage provides abundant storage, workshop, or hobby space.
“The sellers recognize today’s buyers may wish to update or restore portions of the home to reflect their own style,” adds the listing. “The property is being sold as-is, with a 200-amp electrical service and oil-fired heating system already in place.”
Rarely does a property of this acreage, history, and setting become available, they added.
“Whether you’re seeking a private estate, equestrian property, family compound, or the chance to restore a remarkable piece of Rhode Island history, this one-of-a-kind offering is ready for its next chapter,” it states.
The property has been in the Milton family for many years.
If interested, call McGee of The Stearns McGee Team at 401-356-1519 or email .
