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Valley Falls 02864
12 Redwood Drive
$395,000
● House - Off Market

12 Redwood Drive

Cumberland, RI 02864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,029 Ft²
$391,853
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

One Level Living. Three Bed Two Bath Ranch in Meadowcrest.  Move In Condition with Potential In-Law.  Kitchen with Dining Area, Living Room, all 3 Bedrooms have Hardwood Floors.  2 Full Baths, Finished Basement consist of Full Bath, Kitchen Area, Large Family Room, Office Area.  Gas Heat, Central Air, New Hot Water Tank, 1 Car Garage with Work Bench, Fenced Yard, Sprinklers, Patio, Town Water & Sewer.  A Must See.  Call Today.
Unit Size
2,029 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$187
Property Type
House
Property Taxes
$286
HOA Dues
-
Year Built
1958

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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 months ago (MLSPIN #73006249)

Price History

Date / Event Date Event Price
Aug 12, 2022 Sold
Premium
Sold
Jul 1, 2022 Listed by RE/MAX Town & Country $379,000
Listed by RE/MAX Town & Country

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 9
  • Basement Area: 1,008
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,066
  • Total Building Area: 1,068
  • Gross Building Area: 2,412
  • Building Area: 1,068
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,068
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000277
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Cumberland School District
  • School Tax School District: CUMBERLAND SD
  • Census Tract: 011301

Zoning

  • Zoning: R-1

Geography

  • Account Number: 3-0010-66
  • Parcel: CUMB M:011 B:0231 L:000
  • Block: 231
  • Municipality: CUMBERLAND
  • Latitude: 41.9171
  • Longitude: -71.3988

    Address

  • Full Address: 12 Redwood Dr
  • Address - House Number: 12
  • Address - Street Name: Redwood
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Cumberland
  • Carrier Code: C086
  • 4-Digit Zip Code: 7021
  • Zip Code: 02864

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $436,100

    Appraisal Valuation

  • Standard Deviation: 0.202
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 72
  • Final Value: 375,049
  • High Value: 450,829
  • Low Value: 299,269

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $375,300
  • Assessed Land Value: $144,000
  • Assessed Improvements Value: $231,300

    Sales

  • Current Sale Contract Date: Aug 12, 2022
  • Current Sale Recording Date: Aug 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 134606
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 Valley Falls

Stats & Trends

Median Asking:

$512,000

Sale Price/ft²

$279

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1895 ft²

Average Home Age

62.3 years

Currently For Sale

4 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73006249

Frequently Asked Questions

When was property at 12 Redwood Drive built and last sold?
The property at 12 Redwood Drive was built in 1958 and last sold on Aug 12, 2022 for $395,000.
How much is this home worth?
The estimated value of the home located at 12 Redwood Drive is $393,551.
What are some comparable homes to 12 Redwood Drive?
There are currently no comparable homes to 12 Redwood Drive.
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