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Providence
1031 Great Road
$482,000
● House - Off Market

1031 Great Road

Lincoln, RI 02865
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,950 Ft²
$610,451
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Almost new 3 bed, 3 full bath home in sought after Limerock! Features fully applianced gorgeous granite kitchen with island, spacious finished lower level with family room and full bath. Cathedral ceiling, hardwoods in main rooms, central air, large deck and patio in rear yard. Private, wooded lot, over half acre, with shed. Just a half mile to Central Elementary, and minutes to Lincoln Woods, Chase Farm, Hearthside, and Rt. 146. Call now - This won't last!
Unit Size
1,950 Ft²
Days on Market
-
Land Size
0.63 acres
Price per sqft
$246
Property Type
House
Property Taxes
$411
HOA Dues
-
Year Built
2015

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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: 5 years ago (MLSPIN #72768417)

Price History

Date / Event Date Event Price
Feb 2, 2021 Sold
Premium
Sold
Dec 20, 2020 Listed by Coldwell Banker Realty - Sharon $479,900
Listed by Coldwell Banker Realty - Sharon
Apr 14, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • 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: 1,248
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,225
  • Total Building Area: 1,330
  • Gross Building Area: 2,770
  • Building Area: 1,330
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,330
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000625
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lincoln School District
  • School Tax School District: LINCOLN PS
  • Census Tract: 011600

Zoning

  • Zoning: RS20

Geography

  • Account Number: 3-45557-53
  • Parcel: LINC M:23 L:220.0 U:
  • Lot: 220.0
  • Municipality: LINCOLN
  • Latitude: 41.9207
  • Longitude: -71.4424

    Address

  • Full Address: 1031 Great Rd
  • Address - House Number: 1031
  • Address - Street Name: Great
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Lincoln
  • Carrier Code: R001
  • 4-Digit Zip Code: 3833
  • Zip Code: 02865

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $764,300

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 78
  • Final Value: 608,315
  • High Value: 710,076
  • Low Value: 506,554

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $463,500
  • Assessed Land Value: $158,800
  • Assessed Improvements Value: $304,700

    Sales

  • Current Sale Contract Date: Feb 02, 2021
  • Current Sale Recording Date: Feb 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 615
  • Previous Sale Recording Date: Apr 14, 2016
  • Previous Sale Amount: $357,000
  • Previous Sale Document Type: 71
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 Providence

Stats & Trends

Median Asking:

$489,900

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

63

Average Home Size

2490 ft²

Average Home Age

66.7 years

Currently For Sale

107 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72768417

Frequently Asked Questions

When was property at 1031 Great Road built and last sold?
The property at 1031 Great Road was built in 2015 and last sold on Feb 2, 2021 for $482,000.
How much is this home worth?
The estimated value of the home located at 1031 Great Road is $0.
What are some comparable homes to 1031 Great Road?
There are currently no comparable homes to 1031 Great Road.
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