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Providence 02864
18 Summit Road
Photo of 18 Summit Road
Sold on Jun 24, 2005

1

Map

$330,000
● House - Off Market

18 Summit Road

Cumberland, RI 02864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,144 Ft²
$597,607
RealtyHop Estimate
78.44%
Since Jul 1, 2005
National-US
Primary Model

About This Property

Charming young raised ranch nestled on a wooded lot.  This home reflects pride of ownership.  Open floor plan, large rooms, Master Bath, cathedral ceilings, skylights, gleaming hardwood floors, and finished lower level w/ceramic tiles.  Call for your private showing.
Unit Size
1,144 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$293
Property Type
House
Property Taxes
$238
HOA Dues
-
Year Built
1990

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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: 4 months ago (MLSPIN #70189170)

Price History

Date / Event Date Event Price
Jul 26, 2013 Sold
Premium
Sold
Jun 24, 2005 Sold
Premium
Sold
May 10, 2005 Listed $334,900
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 1,100
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,263
  • Total Building Area: 1,138
  • Gross Building Area: 2,462
  • Building Area: 1,138
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,138
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000557
  • 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: 9079-72
  • Parcel: CUMB M:065 B:0192 L:000
  • Block: 192
  • Municipality: CUMBERLAND
  • Latitude: 41.9528
  • Longitude: -71.4162

    Address

  • Full Address: 18 Summit Rd
  • Address - House Number: 18
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Cumberland
  • Carrier Code: R008
  • 4-Digit Zip Code: 4012
  • Zip Code: 02864

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $380,800

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 78
  • Final Value: 411,021
  • High Value: 480,096
  • Low Value: 341,946

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $327,700
  • Assessed Land Value: $109,400
  • Assessed Improvements Value: $218,300

    Sales

  • Current Sale Recording Date: Jul 26, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 00000006
  • Previous Sale Recording Date: Jun 24, 2005
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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:

$489,900

Sale Price/ft²

$274

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2454 ft²

Average Home Age

69.5 years

Currently For Sale

98 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# 70189170

Frequently Asked Questions

When was property at 18 Summit Road built and last sold?
The property at 18 Summit Road was built in 1990 and last sold on Jan 1, 1970 for $255,000.
How much is this home worth?
The estimated value of the home located at 18 Summit Road is $338,663.
What are some comparable homes to 18 Summit Road?
There are currently no comparable homes to 18 Summit Road.
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