For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Newport 02878
11 Preston Lane
$390,000
● House - Off Market

11 Preston Lane

Tiverton, RI 02878
bedrooms
1 Bed
bathrooms
1 Bath
square feet
844 Ft²
$409,132
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

South Tiverton Location! Beautifully renovated ranch style home includes 1+ bedroom (assessor has this listed as one bedroom. Flow test passed for two bedrooms), large living room, eat in kitchen, full bath and 3 season room. Perfect for year round, vacation or Airbnb! Enjoy swimming, fishing, clamming and boating just steps from your door!
Unit Size
844 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$474
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
1954

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #72988289)

Price History

Date / Event Date Event Price
Jul 7, 2022 Sold
Premium
Sold
May 27, 2022 Listed by eXp Realty $399,900
Listed by eXp Realty
Jan 10, 2022 Sold
Premium
Sold
Nov 1, 2021 Listed by eXp Realty $299,900
Listed by eXp Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 883
  • Gross Building Area: 1,519
  • Building Area: 883
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 883
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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:807 B:120
  • Block: 120
  • Municipality: TIVERTON
  • Latitude: 41.5491
  • Longitude: -71.1992

    Address

  • Full Address: 11 Preston Ln
  • Address - House Number: 11
  • Address - Street Name: Preston
  • Address - Suffix Type: Ln
  • State: RI
  • City Name: Tiverton
  • Carrier Code: R002
  • 4-Digit Zip Code: 4110
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $344,300
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1972
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 73
  • Final Value: 393,940
  • High Value: 471,656
  • Low Value: 316,223

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $231,100
  • Assessed Land Value: $106,100
  • Assessed Improvements Value: $125,000

    Sales

  • Current Sale Contract Date: Jul 05, 2022
  • Current Sale Recording Date: Jul 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2178
  • Previous Sale Recording Date: Jan 10, 2022
  • Previous Sale Contract Date: Jan 10, 2022
  • Previous Sale Amount: $275,000
  • 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 Newport

Stats & Trends

Median Asking:

$589,000

Sale Price/ft²

$378

Below Asking

0.03%

Average Days on Market

76

Average Home Size

2590 ft²

Average Home Age

46.1 years

Currently For Sale

20 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: 6 months ago
Data Source: MLS PIN, MLS# 72988289

Frequently Asked Questions

When was property at 11 Preston Lane built and last sold?
The property at 11 Preston Lane was built in 1954 and last sold on Jul 5, 2022 for $390,000.
How much is this home worth?
The estimated value of the home located at 11 Preston Lane is $398,892.
What are some comparable homes to 11 Preston Lane?
There are currently no comparable homes to 11 Preston Lane.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Tiverton Homes for Sale
Tiverton Houses for Sale
Tiverton Condos for Sale
Tiverton Multifamily for Sale
Tiverton Land for Sale
Tiverton Commercial for Sale
Tiverton Homes with Basements
Tiverton Homes with Pools
Nearby Cities
Fall River Homes for Sale
Somerset Homes for Sale
Newport Homes for Sale
Ocean Grove Homes for Sale
Newport East Homes for Sale
North Westport Homes for Sale
Melville Homes for Sale
Nearby Property Records
Newport County, RI Property Records
Bristol County, RI Property Records
Bristol County, MA Property Records
Providence County, RI Property Records
Washington County, RI Property Records
Kent County, RI Property Records
Dukes County, MA Property Records
Plymouth County, MA Property Records
Nearby Counties
Fall River Homes for Sale
Somerset Homes for Sale
Swansea Homes for Sale
Westport Homes for Sale
Newport Homes for Sale
Portsmouth Homes for Sale
Bristol Homes for Sale
Middletown Homes for Sale
Top Real Estate Agents
Top Agents in Tiverton
Top Agents in Fall River
Top Agents in Fall River
Top Agents in 02720
Top Agents in 02721
Top Agents in Somerset
Top Agents in Somerset
Top Agents in 02777