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Providence 02814
13 Lost Acres Dr
$445,000
● House - Off Market

13 Lost Acres Dr

Glocester, RI 02814
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,672 Ft²
$448,450
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

RARE OPPORTUNITY!!!  Make this delightful cottage on the shore of the Ponaganset Reservoir your year-round vacation or your weekend retreat.  Relax with your family and friends while sharing a favorite beverage, a barbecue, and more on the spacious deck overlooking the reservoir.  Lots of natural light from skylights.  Quiet area off the beaten path.  Properties around the reservoir are rarely offered to the public and usually transfer within families or friends.  Don't miss out on this one!!!  The property includes a small parcel of land across the road from it. The property is in a trust and approved for sale.
Unit Size
1,672 Ft²
Days on Market
-
Land Size
0.82 acres
Price per sqft
$266
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1955

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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: 4 months ago (MLSPIN #73072462)

Price History

Date / Event Date Event Price
May 2, 2023 Sold
Premium
Sold
Jan 20, 2023 Listed by Streamline Realty Group, LLC $445,000
Listed by Streamline Realty Group, LLC

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 224
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,632
  • Total Building Area: 1,672
  • Gross Building Area: 2,381
  • Building Area: 1,672
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,672
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000818
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Glocester Elementary School District
  • Census Tract: 013101

Zoning

  • Zoning: 20

Geography

  • Account Number: 8-0001-32
  • Parcel: GLOC M:005 B:013
  • Block: 13
  • Municipality: GLOCESTER
  • Latitude: 41.8723
  • Longitude: -71.7447

    Address

  • Full Address: 13 Lost Acres Dr
  • Address - House Number: 13
  • Address - Street Name: Lost Acres
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Chepachet
  • Carrier Code: R002
  • 4-Digit Zip Code: 1723
  • Zip Code: 02814

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $544,800

    Appraisal Valuation

  • Standard Deviation: 0.1642
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 79
  • Final Value: 451,000
  • High Value: 525,076
  • Low Value: 376,923

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $382,300
  • Assessed Land Value: $184,200
  • Assessed Improvements Value: $198,100

    Sales

  • Current Sale Contract Date: May 01, 2023
  • Current Sale Recording Date: May 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 51575
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

2457 ft²

Average Home Age

69.8 years

Currently For Sale

97 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: 4 months ago
Data Source: MLS PIN, MLS# 73072462

Frequently Asked Questions

When was property at 13 Lost Acres Drive built and last sold?
The property at 13 Lost Acres Drive was built in 1955 and last sold on May 1, 2023 for $445,000.
How much is this home worth?
The estimated value of the home located at 13 Lost Acres Drive is $450,742.
What are some comparable homes to 13 Lost Acres Drive?
There are currently no comparable homes to 13 Lost Acres Drive.
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