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Bristol
16 Locust Ter
$349,000
● House - Off Market

16 Locust Ter

Warren, RI 02885
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,662 Ft²
$543,071
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

An attractive and solidly constructed Cape with comfortable size rooms.  Enjoy the summer on the two tiered deck or the fully screened sun room off the living room.  A  warm and welcoming place to be.
Unit Size
1,662 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$216
Property Type
House
Property Taxes
$423
HOA Dues
-
Year Built
1940

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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 #72335725)

Price History

Date / Event Date Event Price
Sep 4, 2018 Sold
Premium
Sold
May 30, 2018 Listed by Blu Sky Real Estate $359,000
Listed by Blu Sky Real Estate
Apr 16, 2001 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 832
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,112
  • Total Building Area: 1,662
  • Gross Building Area: 3,546
  • Building Area: 1,662
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,662
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000255
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Bristol-Warren Regional School District
  • School Tax School District: BRSTLWARRN RGNL
  • Census Tract: 030602

Zoning

  • Zoning: R10

Geography

  • Account Number: 15-0196-00
  • Parcel: WARR M:15C L:39
  • Lot: 39
  • Municipality: WARREN
  • Latitude: 41.7164
  • Longitude: -71.2817

    Address

  • Full Address: 16 Locust Ter
  • Address - House Number: 16
  • Address - Street Name: Locust
  • Address - Suffix Type: Ter
  • State: RI
  • City Name: Warren
  • Carrier Code: C005
  • 4-Digit Zip Code: 4106
  • Zip Code: 02885

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $582,300

    Appraisal Valuation

  • Standard Deviation: 0.1764
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 563,684
  • High Value: 663,132
  • Low Value: 464,236

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $426,300
  • Assessed Land Value: $190,400
  • Assessed Improvements Value: $235,900

    Sales

  • Current Sale Recording Date: Sep 04, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 22740
  • Previous Sale Recording Date: Apr 16, 2001
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 27

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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 Bristol

Stats & Trends

Median Asking:

$611,889

Sale Price/ft²

$387

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2844 ft²

Average Home Age

64.6 years

Currently For Sale

9 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# 72335725

Frequently Asked Questions

When was property at 16 Locust Terrace built and last sold?
The property at 16 Locust Terrace was built in 1940 and last sold on Jan 1, 1970 for $349,000.
How much is this home worth?
The estimated value of the home located at 16 Locust Terrace is $377,256.
What are some comparable homes to 16 Locust Terrace?
There are currently no comparable homes to 16 Locust Terrace.
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