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Tiverton 02878
137 Riverside Drive
$570,000
● House - Off Market

137 Riverside Drive

Tiverton, RI 02878
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,066 Ft²
$801,441
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

DIRECT WATERFRONT WITH DOCK ON THE SAKONNET RIVER! Nicely maintained, quintessential, coastal cottage with water views from nearly every room in the home. Beautiful, year round or second home option offers glorious sunsets and all the enjoyment that coastal living affords. This property boasts an adorable interior, three lots, garage and full basement for storage. Beach access on either side of the cottage and dock. Conveniently located next to the Yacht Club, public boat ramp, Stonebridge amenities, bike path and highway access. Dock is 65 feet long with another 30 feet to pilings around 16'X10' floating dock.
Unit Size
1,066 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$572
Property Type
House
Property Taxes
$579
HOA Dues
-
Year Built
1947

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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: 5 years ago (MLSPIN #72721814)

Price History

Date / Event Date Event Price
Dec 1, 2020 Sold
Premium
Sold
Sep 6, 2020 Listed by Century 21 Topsail Realty $610,000
Listed by Century 21 Topsail Realty
Dec 15, 1998 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1,016
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 23

    Dimensions

  • Lot Size Square Feet: 2,744
  • Total Building Area: 1,016
  • Gross Building Area: 2,092
  • Building Area: 1,016
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,016
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000063
  • 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: 041602

Zoning

  • Zoning: GC

Geography

  • Parcel: TIVE M:303 B:119
  • Block: 119
  • Municipality: TIVERTON
  • Latitude: 41.6369
  • Longitude: -71.2114

    Address

  • Full Address: 137 Riverside Dr
  • Address - House Number: 137
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Tiverton
  • Carrier Code: C005
  • 4-Digit Zip Code: 4344
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $745,900

    Appraisal Valuation

  • Standard Deviation: 0.2005
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 73
  • Final Value: 784,515
  • High Value: 941,884
  • Low Value: 627,145

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $500,600
  • Assessed Land Value: $358,100
  • Assessed Improvements Value: $142,500

    Sales

  • Current Sale Contract Date: Dec 01, 2020
  • Current Sale Recording Date: Dec 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3952
  • Previous Sale Recording Date: Dec 15, 1998
  • Previous Sale Amount: $120,000
  • 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 Tiverton

Stats & Trends

Median Asking:

$459,900

Sale Price/ft²

$357

Below Asking

0.02%

Average Days on Market

46

Average Home Size

2607 ft²

Average Home Age

82 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72721814

Frequently Asked Questions

When was property at 137 Riverside Drive built and last sold?
The property at 137 Riverside Drive was built in 1947 and last sold on Dec 1, 2020 for $570,000.
How much is this home worth?
The estimated value of the home located at 137 Riverside Drive is $597,524.
What are some comparable homes to 137 Riverside Drive?
There are currently no comparable homes to 137 Riverside Drive.
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