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11 Pat
$585,000
● House - Off Market

11 Pat

Lincoln, RI 02865
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,598 Ft²
$3,164
Est. Monthly

About This Property

IMPECABLE, MOVE IN READY AND METICULOUSLY CARED FOR & UPDATED BY THE ONE ORIGINAL OWNER! Welcome to 11 Pat Drive. Located in the desirable Lonsdale neighborhood of Lincoln this 5 Bedroom 2.5 bath home has it all including an In Law set up in the lower level! Enjoy all the upgrades that have been made including freshly painted interior, updated baths, granite kitchen with peninsula seating, paver driveway, newer roof, newer windows and slider, 200 amp electrical, trex decking, new wall ac unit, new hot water tank and 3 zones of gas heat for temperature control! Completing this picture perfect home is its location! Abutting Lincoln County Club, steps to a walking path to Chase Farm, and minutes to Lonsdale Elementary School.
Unit Size
2,598 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$221
Property Type
House
Property Taxes
$341
HOA Dues
-
Year Built
1992

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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: 6 months ago (MLSPIN #73187449)

Price History

Date / Event Date Event Price
Feb 1, 2024 Sold
Premium
Sold
Dec 13, 2023 Listed by RE/MAX River's Edge $574,900
Listed by RE/MAX River's Edge

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 23
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,110
  • Total Building Area: 1,330
  • Gross Building Area: 2,770
  • Building Area: 1,330
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • 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: 0000000278
  • 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: 011701

Zoning

  • Zoning: RS12

Geography

  • Account Number: 4-00845-00
  • Parcel: LINC M:14 L:181.0 U:
  • Lot: 181.0
  • Municipality: LINCOLN
  • Latitude: 41.9142
  • Longitude: -71.4252

    Address

  • Full Address: 11 Pat Dr
  • Address - House Number: 11
  • Address - Street Name: Pat
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Lincoln
  • Carrier Code: C007
  • 4-Digit Zip Code: 2233
  • Zip Code: 02865

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $628,800

    Appraisal Valuation

  • Standard Deviation: 0.085
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 93
  • Final Value: 597,445
  • High Value: 648,246
  • Low Value: 546,643

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $381,300
  • Assessed Land Value: $146,000
  • Assessed Improvements Value: $235,300
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:

$494,950

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2444 ft²

Average Home Age

68.9 years

Currently For Sale

110 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: 6 months ago
Data Source: MLS PIN, MLS# 73187449

Frequently Asked Questions

When was property at 11 Pat Drive built and last sold?
The property at 11 Pat Drive was built in 1992 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 11 Pat Drive is $580,649.
What are some comparable homes to 11 Pat Drive?
There are currently no comparable homes to 11 Pat Drive.
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