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Kent
2 Michael Ct
$405,000
● House - Off Market

2 Michael Ct

Coventry, RI 02816
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,748 Ft²
$2,296
Est. Monthly

About This Property

The property is a three-bedroom, one-bathroom ranch with a one-car attached garage located on the right side of the house. It also features driveways on both sides for additional off-street parking. Upon entering through the front door, you step into a living room that opens to a spacious family room with a fireplace, thanks to an addition. The kitchen includes an island, and there's a large mudroom with one bedroom adjacent to it. The property is modern, boasting updates throughout.
Unit Size
1,748 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$220
Property Type
House
Property Taxes
$405
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: 4 months ago (MLSPIN #73270641)

Price History

Date / Event Date Event Price
Dec 6, 2024 Sold
Premium
Sold
Oct 24, 2024 In contract -
In contract
Sep 27, 2024 Price Decreased $384,900
↓ $15K (3.8%)
Price Decreased
Sep 4, 2024 Price Increased $399,900
↑ $15K (3.9%)
Price Increased
Jul 29, 2024 Listed by Keller Williams South Watuppa $384,900
Listed by Keller Williams South Watuppa
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 1,748
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,748
  • Gross Building Area: 3,712
  • Building Area: 1,748
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,748
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Coventry School District
  • School Tax School District: COVENTRY PS
  • Census Tract: 020604

Zoning

  • Zoning: R-20

Geography

  • Account Number: 6802
  • Parcel: COVE M:64 L:90
  • Lot: 90
  • Municipality: COVENTRY
  • Latitude: 41.7012
  • Longitude: -71.5352

    Address

  • Full Address: 2 Michael Ct
  • Address - House Number: 2
  • Address - Street Name: Michael
  • Address - Suffix Type: Ct
  • State: RI
  • City Name: Coventry
  • Carrier Code: C007
  • 4-Digit Zip Code: 7358
  • Zip Code: 02816

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $486,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1935
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 74
  • Final Value: 377,177
  • High Value: 450,180
  • Low Value: 304,174

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $317,300
  • Assessed Land Value: $86,500
  • Assessed Improvements Value: $230,800

    Sales

  • Current Sale Recording Date: Apr 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 34
  • Previous Sale Recording Date: Jul 06, 2007
  • Previous Sale Amount: $230,000
  • 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 Kent

Stats & Trends

Median Asking:

$559,000

Sale Price/ft²

$305

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1934 ft²

Average Home Age

85.6 years

Currently For Sale

7 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73270641

Frequently Asked Questions

When was property at 2 Michael Terrace built and last sold?
The property at 2 Michael Terrace was built in 1950 and last sold on Jan 1, 1970 for $170,801.
How much is this home worth?
The estimated value of the home located at 2 Michael Terrace is $401,747.
What are some comparable homes to 2 Michael Terrace?
There are currently no comparable homes to 2 Michael Terrace.
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