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Providence 02864
12 Spring House Ln
$556,000
● House - Off Market

12 Spring House Ln

Cumberland, RI 02864
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,550 Ft²
$816,003
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

Exceptional 4 Bed Custom Home to be built on one of the last remaining lots in Britts Ridge. Nestled on a quiet cul-de-sac in the heart of Cumberland. Will build plan as shown or you can bring your own plan.  Superior attention to detail and craftsmanship.  PICTURE SHOWN IS SIMILAR TO THE ONE TO BE BUILT.  Anticipated Summer 2016 completion
Unit Size
2,550 Ft²
Days on Market
-
Land Size
1.26 acres
Price per sqft
$190
Property Type
House
Property Taxes
$215
HOA Dues
-
Year Built
2016

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 months ago (MLSPIN #71954797)

Price History

Date / Event Date Event Price
Dec 6, 2016 Sold
Premium
Sold
Feb 2, 2016 Listed by Residential Properties Ltd $485,000
Listed by Residential Properties Ltd

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,322
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 55,234
  • Total Building Area: 2,502
  • Gross Building Area: 5,330
  • Building Area: 2,502
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,502
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001268
  • 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: 011405

Zoning

  • Zoning: R-1

Geography

  • Account Number: 9195-97
  • Parcel: CUMB M:039 B:0357 L:000
  • Block: 357
  • Municipality: CUMBERLAND
  • Latitude: 41.9438
  • Longitude: -71.4249

    Address

  • Full Address: 12 Spring House Ln
  • Address - House Number: 12
  • Address - Street Name: Spring House
  • Address - Suffix Type: Ln
  • State: RI
  • City Name: Cumberland
  • Carrier Code: R008
  • 4-Digit Zip Code: 5049
  • Zip Code: 02864

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $752,600

    Appraisal Valuation

  • Standard Deviation: 0.1357
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 84
  • Final Value: 713,550
  • High Value: 810,379
  • Low Value: 616,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $647,700
  • Assessed Land Value: $155,600
  • Assessed Improvements Value: $492,100

    Sales

  • Current Sale Recording Date: Dec 06, 2016
  • Current Sale Price:
    Premium
  • Current 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 Providence

Stats & Trends

Median Asking:

$489,900

Sale Price/ft²

$274

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2509 ft²

Average Home Age

69.5 years

Currently For Sale

102 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 months ago
Data Source: MLS PIN, MLS# 71954797

Frequently Asked Questions

When was property at 12 Spring House Lane built and last sold?
The property at 12 Spring House Lane was built in 2016 and last sold on Jan 1, 1970 for $556,000.
How much is this home worth?
The estimated value of the home located at 12 Spring House Lane is $505,963.
What are some comparable homes to 12 Spring House Lane?
There are currently no comparable homes to 12 Spring House Lane.
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