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Newport East 02842
1560 W Main Rd
$560,000
● House - Off Market

1560 W Main Rd

Middletown, RI 02842
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,288 Ft²
$2,909
Est. Monthly

About This Property

Beautiful single family home just a few minutes away from Newport Vineyards and 5 miles away from downtown Newport! This property has been completely updated, featuring quartz countertops, brand new appliances, a newly renovated bathroom, and beautiful hardwood floors throughout. This house comes with an attached garage, including a brand new door and opener. All of the doors in the front as well as the back of the property are brand new. The backyard is very spacious and would be perfect for hosting guests. This home is in a great location and is move-in ready!
Unit Size
1,288 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$411
Property Type
House
Property Taxes
$306
HOA Dues
-
Year Built
1950

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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 months ago (MLSPIN #73202914)

Price History

Date / Event Date Event Price
Mar 18, 2024 Sold
Premium
Sold
Feb 20, 2024 In contract -
In contract
Feb 12, 2024 Listed by Peak Real Estate $529,999
Listed by Peak Real Estate
Nov 20, 2023 Sold
Premium
Sold
Mar 7, 2013 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • 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: 7
  • Basement Area: 1,288
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,288
  • Gross Building Area: 3,176
  • Building Area: 1,288
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,288
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Middletown School District
  • School Tax School District: MIDDLETOWN PS
  • Census Tract: 040303

Zoning

  • Zoning: R10A

Geography

  • Account Number: 201400055
  • Parcel: MIDD M:0105 B:00 L:87
  • Lot: 87
  • Municipality: MIDDLETOWN
  • Latitude: 41.5406
  • Longitude: -71.292

    Address

  • Full Address: 1560 W Main Rd
  • Address - House Number: 1560
  • Street Direction: W
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Middletown
  • Carrier Code: C035
  • 4-Digit Zip Code: 6389
  • Zip Code: 02842

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $367,300

    Appraisal Valuation

  • Standard Deviation: 0.0963
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 91
  • Final Value: 539,786
  • High Value: 591,814
  • Low Value: 487,758

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $291,700
  • Assessed Land Value: $155,000
  • Assessed Improvements Value: $136,700

    Sales

  • Current Sale Contract Date: Mar 15, 2024
  • Current Sale Recording Date: Mar 18, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 413
  • Previous Sale Recording Date: Nov 20, 2023
  • Previous Sale Contract Date: Nov 17, 2023
  • Previous Sale Amount: $327,500
  • 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 Newport East

Stats & Trends

Median Asking:

$662,450

Sale Price/ft²

$404

Below Asking

0.04%

Average Days on Market

80

Average Home Size

1630 ft²

Average Home Age

126 years

Currently For Sale

1 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: 5 months ago
Data Source: MLS PIN, MLS# 73202914

Frequently Asked Questions

When was property at 1560 West Main Road built and last sold?
The property at 1560 West Main Road was built in 1950 and last sold on Mar 15, 2024 for $560,000.
How much is this home worth?
The estimated value of the home located at 1560 West Main Road is $534,062.
What are some comparable homes to 1560 West Main Road?
There are currently no comparable homes to 1560 West Main Road.
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