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Tiverton 02878
12 Horizon Drive
Photo of 12 Horizon Drive
Sold on Jun 6, 2025

3

Map

Photo of 12 Horizon Drive
Photo of 12 Horizon Drive
$510,000
● House - Off Market

12 Horizon Drive

Tiverton, RI 02878
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,248 Ft²
$3,457
Est. Monthly
2.98%
Cap Rate

About This Property

Welcome to this unique property~ Great corner lot with 2 paved driveways along with a 4 bay commercial sized, attached,garage~10' drive through garage doors~ 8' by 14 'double doors wide! Off street parking for 8 cars! Spacious home entire first floor is Hand Cap accessible and has hardwoods and a tiled bath. All appliances included, additional space ideal for home office. Fenced in private back yard. 24 solar panels owned, not rented!  Additional insulation in~between floors for extra warmth, and privacy. Huge Bonus Room/Family Room. Right up the street from the Mount Hope Bay with mooring rights. This property needs TLC~ and will be sold "AS IS"
Unit Size
2,248 Ft²
Days on Market
-
Land Size
-
Price per sqft
$267
Property Type
House
Property Taxes
$511
HOA Dues
-
Year Built
1989

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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: 2 years ago (MLSPIN #73344926)

Price History

Date / Event Date Event Price
Jun 6, 2025 Sold
Premium
Sold
Apr 22, 2025 In contract -
In contract
Mar 13, 2025 Listed $599,900
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 960
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,202
  • Total Building Area: 2,248
  • Gross Building Area: 5,656
  • Building Area: 2,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,248
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000349
  • 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: 041601

Zoning

  • Zoning: R30

Geography

  • Parcel: TIVE M:114 B:150
  • Block: 150
  • Municipality: TIVERTON
  • Latitude: 41.6646
  • Longitude: -71.1916

    Address

  • Full Address: 12 Horizon Dr
  • Address - House Number: 12
  • Address - Street Name: Horizon
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Tiverton
  • Carrier Code: C002
  • 4-Digit Zip Code: 1366
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $597,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.217
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 70
  • Final Value: 586,444
  • High Value: 713,720
  • Low Value: 459,167

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $401,200
  • Assessed Land Value: $92,600
  • Assessed Improvements Value: $308,600
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 Tiverton

Stats & Trends

Median Asking:

$477,500

Sale Price/ft²

$374

Below Asking

0.03%

Average Days on Market

46

Average Home Size

2659 ft²

Average Home Age

82.8 years

Currently For Sale

5 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: 2 years ago
Data Source: MLS PIN, MLS# 73344926

Frequently Asked Questions

When was property at 12 Horizon Drive built and last sold?
The property at 12 Horizon Drive was built in 1989 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 12 Horizon Drive is $0.
What are some comparable homes to 12 Horizon Drive?
There are currently no comparable homes to 12 Horizon Drive.
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