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Newport 02878
10 Norman Dr
$278,000
● House - Off Market

10 Norman Dr

Tiverton, RI 02878
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,451 Ft²
$471,968
RealtyHop Estimate
69.16%
Since Aug 1, 2016
National-US
Primary Model

About This Property

MANCHESTER GARDENS, SOUTH TIVERTON. LOVELY 1 LEVEL COUNTRY HOME ON CORNER LOT. FEATURES GLEAMING OAK FLOORS THROUGHOUT! ENJOY SUNNY MORNINGS IN YOUR BREATHTAKING KITCHEN/SUNROOM WITH BREAKFAST NOOK. SPACIOUS OPEN LIVING/DINING AREA WARMED BY AN ECONOMICAL WOOD STOVE. 3 BEDROOMS PLUS A BONUS ROOM, GREAT FOR OFFICE OR DEN. 2 CAR GARAGE WITH AMPLE SPACE FOR WORK AREA AND STORAGE. MULTI-LEVEL DECK OVERLOOKING A LARGE LANDSCAPED LAWN IDEAL FOR FAMILY, PETS AND GARDENING. NEARBY WEETAMOO WOODS OFFERS NUMEROUS TRAILS FOR HIKING, BIKING AND RUNNING. DON'T MISS OUT ON THIS BEAUTIFUL, WELL MAINTAINED HOME!
Unit Size
1,451 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$192
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #71990124)

Price History

Date / Event Date Event Price
Jul 1, 2016 Sold
Premium
Sold
Apr 18, 2016 Listed by RE/MAX River's Edge $279,000
Listed by RE/MAX River's Edge
Apr 29, 2010 Sold
Premium
Sold
Mar 4, 2010 Listed by RE/MAX River's Edge $289,000
Listed by RE/MAX River's Edge

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,100
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,994
  • Total Building Area: 1,404
  • Gross Building Area: 3,365
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Tiverton School District
  • School Tax School District: TIVERTON SD
  • Census Tract: 041702

Zoning

  • Zoning: R80

Geography

  • Parcel: TIVE M:601 B:124
  • Block: 124
  • Municipality: TIVERTON
  • Latitude: 41.5975
  • Longitude: -71.1648

    Address

  • Full Address: 10 Norman Dr
  • Address - House Number: 10
  • Address - Street Name: Norman
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Tiverton
  • Carrier Code: R003
  • 4-Digit Zip Code: 2719
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $427,300
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2167
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 70
  • Final Value: 472,494
  • High Value: 574,885
  • Low Value: 370,103

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $286,800
  • Assessed Land Value: $100,700
  • Assessed Improvements Value: $186,100

    Sales

  • Current Sale Recording Date: Jul 01, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1826
  • Previous Sale Recording Date: Apr 29, 2010
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Newport

Stats & Trends

Median Asking:

$554,450

Sale Price/ft²

$375

Below Asking

0.03%

Average Days on Market

68

Average Home Size

2639 ft²

Average Home Age

55.4 years

Currently For Sale

21 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71990124

Frequently Asked Questions

When was property at 10 Norman Drive built and last sold?
The property at 10 Norman Drive was built in 1972 and last sold on Jan 1, 1970 for $278,000.
How much is this home worth?
The estimated value of the home located at 10 Norman Drive is $295,514.
What are some comparable homes to 10 Norman Drive?
There are currently no comparable homes to 10 Norman Drive.
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