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Newport 02878
108 Myrtle Way
$221,500
● House - Off Market

108 Myrtle Way

Tiverton, RI 02878
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,092 Ft²
$339,685
RealtyHop Estimate
50.97%
Since Mar 1, 2019
National-US
Primary Model

About This Property

Welcome home, this charming Tiverton ranch is located on a dead end street and boast 2 bedrooms with the functionality of 3, capacious living room and eat in kitchen. The homes many recent updates includes the partially finished basement that provides ample bonus space. The homes .23 acres lot provides a manageable sized yard with ample room for family functions. Located close to the towns schools and parks with easy main road to highway access. Don't miss out of this move in ready home. Bulgermarsh Rd to Mayflower Way to 108 Myrtle Way. Listing agent is related to sellers.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$206
Property Type
House
Property Taxes
$276
HOA Dues
-
Year Built
1964

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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 years ago (MLSPIN #72385202)

Price History

Date / Event Date Event Price
Feb 15, 2019 Sold
Premium
Sold
Aug 23, 2018 Listed by Lion Gate Real Estate, Inc. $224,999
Listed by Lion Gate Real Estate, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 7
  • Basement Area: 1,092
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,324
  • Total Building Area: 1,092
  • Gross Building Area: 2,424
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000237
  • 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: 041701

Zoning

  • Zoning: R60

Geography

  • Parcel: TIVE M:217 B:157
  • Block: 157
  • Municipality: TIVERTON
  • Latitude: 41.6274
  • Longitude: -71.1613

    Address

  • Full Address: 108 Myrtle Way
  • Address - House Number: 108
  • Address - Street Name: Myrtle
  • Address - Suffix Type: Way
  • State: RI
  • City Name: Tiverton
  • Carrier Code: R008
  • 4-Digit Zip Code: 3308
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $334,400

    Appraisal Valuation

  • Standard Deviation: 0.2478
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 65
  • Final Value: 355,100
  • High Value: 443,102
  • Low Value: 267,099

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $224,400
  • Assessed Land Value: $87,800
  • Assessed Improvements Value: $136,600

    Sales

  • Current Sale Contract Date: Feb 07, 2019
  • Current Sale Recording Date: Feb 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 323
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:

$559,900

Sale Price/ft²

$375

Below Asking

0.03%

Average Days on Market

71

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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 72385202

Frequently Asked Questions

When was property at 108 Myrtle Way built and last sold?
The property at 108 Myrtle Way was built in 1964 and last sold on Feb 7, 2019 for $221,500.
How much is this home worth?
The estimated value of the home located at 108 Myrtle Way is $0.
What are some comparable homes to 108 Myrtle Way?
There are currently no comparable homes to 108 Myrtle Way.
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