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Westerly 02891
162 Shore Rd
$570,000
● House - Off Market

162 Shore Rd

Westerly, RI 02891
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,100 Ft²
$684,434
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Welcome to Ocean Crest Farm built in 1790. The first floor features a living room, dining room and family room all with wide pine floors. You will also find a full bath, 1/2 bath with laundry room and 2 kitchens. The second floor features 5 bedrooms all with wide pine floors and 2 full bathrooms. From one of the bedrooms you can see the ocean. The house sits on over 2 acres of land with a circular driveway and a goat barn. There is frontage on Shore Rd and Tom Harvey Rd. The house is in need of renovation bring your tool belt and imagination.
Unit Size
3,100 Ft²
Days on Market
-
Land Size
2.10 acres
Price per sqft
$210
Property Type
House
Property Taxes
$434
HOA Dues
-
Year Built
1790

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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 #72925785)

Price History

Date / Event Date Event Price
Feb 11, 2022 Sold
Premium
Sold
Dec 6, 2021 Listed by Century 21 North East $650,000
Listed by Century 21 North East

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1790
  • Effective Year Built: 1790
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 91,476
  • Total Building Area: 3,100
  • Gross Building Area: 6,300
  • Building Area: 3,100
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 3,100
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002100
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Westerly School District
  • School Tax School District: WESTERLY PS
  • Census Tract: 050902

Geography

  • Account Number: 19308000
  • Parcel: WEST M:140 B:4
  • Block: 4
  • Municipality: WESTERLY
  • Latitude: 41.3368
  • Longitude: -71.7971

    Address

  • Full Address: 162 Shore Rd
  • Address - House Number: 162
  • Address - Street Name: Shore
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Westerly
  • Carrier Code: R001
  • 4-Digit Zip Code: 3629
  • Zip Code: 02891

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $524,900

    Appraisal Valuation

  • Standard Deviation: 0.1785
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 76
  • Final Value: 718,871
  • High Value: 847,232
  • Low Value: 590,510

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $545,600
  • Assessed Land Value: $272,100
  • Assessed Improvements Value: $273,500

    Sales

  • Current Sale Contract Date: Feb 10, 2022
  • Current Sale Recording Date: Feb 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2022-707
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 Westerly

Stats & Trends

Median Asking:

$1,197,000

Sale Price/ft²

$512

Above Asking

0.00%

Average Days on Market

61

Average Home Size

926 ft²

Average Home Age

61.7 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72925785

Frequently Asked Questions

When was property at 162 Shore Road built and last sold?
The property at 162 Shore Road was built in 1790 and last sold on Feb 10, 2022 for $570,000.
How much is this home worth?
The estimated value of the home located at 162 Shore Road is $650,848.
What are some comparable homes to 162 Shore Road?
There are currently no comparable homes to 162 Shore Road.
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