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Providence 02864
156 Lippitt Ave
Photo of 156 Lippitt Ave
Sold on Aug 23, 2011

1

Map

$134,200
● House - Off Market

156 Lippitt Ave

Cumberland, RI 02864
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,376 Ft²
$277,048
RealtyHop Estimate
121.64%
Since Sep 1, 2011
National-US
Primary Model

About This Property

100% USDA Financing possible.  Town Water Connected.  Rustic Cape style home, loft bedroom stone fireplace, Washer & Dryer on 1st level.  This single family is being sold individually or as a package with abutting vacant land listing 984341.   Garage is construction size, w electricity, and can fit some heavy equipment.  This Home Is Price Ranged.  Seller Will Negotiate Offers btwn $125,000 - $160,000
Unit Size
1,376 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$91
Property Type
House
Property Taxes
$234
HOA Dues
-
Year Built
1960

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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: 3 months ago (MLSPIN #71187059)

Price History

Date / Event Date Event Price
Aug 31, 2022 Sold
Premium
Sold
Aug 23, 2011 Sold
Premium
Sold
Feb 10, 2011 Listed by Keller Williams Realty $125,000
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,591
  • Total Building Area: 1,241
  • Gross Building Area: 1,778
  • Building Area: 1,241
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,241
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000312
  • 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: 3-0011-16
  • Parcel: CUMB M:064 B:0298 L:000
  • Block: 298
  • Municipality: CUMBERLAND
  • Latitude: 41.9543
  • Longitude: -71.4193

    Address

  • Full Address: 156 Lippitt Ave
  • Address - House Number: 156
  • Address - Street Name: Lippitt
  • Address - Suffix Type: Ave
  • State: RI
  • City Name: Cumberland
  • Carrier Code: R008
  • 4-Digit Zip Code: 4041
  • Zip Code: 02864

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $300,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2058
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 358,234
  • High Value: 431,993
  • Low Value: 284,474

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $258,900
  • Assessed Land Value: $103,700
  • Assessed Improvements Value: $155,200

    Sales

  • Current Sale Contract Date: Aug 31, 2022
  • Current Sale Recording Date: Aug 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 134920
  • Previous Sale Recording Date: Aug 23, 2011
  • Previous Sale Amount: $134,200
  • Previous Sale Document Type: 27
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:

$495,000

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2568 ft²

Average Home Age

66.7 years

Currently For Sale

107 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: 3 months ago
Data Source: MLS PIN, MLS# 71187059

Frequently Asked Questions

When was property at 156 Lippitt Avenue built and last sold?
The property at 156 Lippitt Avenue was built in 1960 and last sold on Aug 31, 2022 for $225,000.
How much is this home worth?
The estimated value of the home located at 156 Lippitt Avenue is $141,198.
What are some comparable homes to 156 Lippitt Avenue?
There are currently no comparable homes to 156 Lippitt Avenue.
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