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Providence 02864
2 Grundy's Way
Photo of 2 Grundy's Way
Sold on Sep 17, 2009

1

Map

$485,000
● House - Off Market

2 Grundy's Way

Cumberland, RI 02864
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,210 Ft²
$1,045,202
RealtyHop Estimate
109.09%
Since Oct 1, 2009
National-US
Primary Model

About This Property

Custom Colonial with master suite, Kitchen with granite countertop and hardwood floors, formal dining room and livingroom.  Great Room w/fp and 16'-8" vaulted ceilings. Second floor foyer, den, manicured lot with sprinkler system and inground pool.  Located on a quiet cul de sac
Unit Size
3,210 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$156
Property Type
House
Property Taxes
$550
HOA Dues
-
Year Built
1996

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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 #70938754)

Price History

Date / Event Date Event Price
Jun 24, 2022 Sold
Premium
Sold
Jun 2, 2022 No longer available -
No longer available
May 20, 2022 In contract -
In contract
May 10, 2022 Listed $729,000
Listed
Sep 10, 2009 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 9
  • Basement Area: 1,520
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 25,265
  • Total Building Area: 3,086
  • Gross Building Area: 6,166
  • Building Area: 3,086
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,086
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000580
  • 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: 011404

Zoning

  • Zoning: R-1

Geography

  • Account Number: 3-0009-67
  • Parcel: CUMB M:023 B:0167 L:000
  • Block: 167
  • Municipality: CUMBERLAND
  • Latitude: 41.9594
  • Longitude: -71.3825

    Address

  • Full Address: 2 Grundys Way
  • Address - House Number: 2
  • Address - Street Name: Grundys
  • Address - Suffix Type: Way
  • State: RI
  • City Name: Cumberland
  • Carrier Code: R002
  • 4-Digit Zip Code: 6034
  • Zip Code: 02864

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $841,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1826
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 76
  • Final Value: 790,192
  • High Value: 934,492
  • Low Value: 645,892

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $723,800
  • Assessed Land Value: $181,500
  • Assessed Improvements Value: $542,300

    Sales

  • Current Sale Contract Date: Jun 24, 2022
  • Current Sale Recording Date: Jun 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 133728
  • Previous Sale Recording Date: Sep 10, 2009
  • Previous Sale Amount: $485,000
  • 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:

$489,900

Sale Price/ft²

$274

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2457 ft²

Average Home Age

69.8 years

Currently For Sale

97 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# 70938754

Frequently Asked Questions

When was property at 2 Grundy's Way built and last sold?
The property at 2 Grundy's Way was built in 1996 and last sold on Jun 24, 2022 for $722,000.
How much is this home worth?
The estimated value of the home located at 2 Grundy's Way is $730,944.
What are some comparable homes to 2 Grundy's Way?
There are currently no comparable homes to 2 Grundy's Way.
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