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Washington 02882
2 Overlook Rd
$300,000
● House - Off Market

2 Overlook Rd

Narragansett, RI 02882
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,159 Ft²
$601,893
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model

About This Property

Beautifully updated oversized Cape Cod style home with 4 beds 2 full baths. The home boast new kitchen and and baths, flooring, paint. Roof, windows,mechanicals, electric less than 10 years old. Two woods stoves with brick facade. Outside fenced yard with beautiful gazebo. Private association beach. Access to river is across the street. Easy access to highways, URI, beaches. Don't miss this opportunity to live the dream!
Unit Size
2,159 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$149
Property Type
House
Property Taxes
$246
HOA Dues
$15
Year Built
1955

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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 #71750465)

Price History

Date / Event Date Event Price
Nov 21, 2014 Sold
Premium
Sold
Sep 30, 2014 Listed by Keller Williams Realty of Newport $322,500
Listed by Keller Williams Realty of Newport
Jul 16, 2010 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 968
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,144
  • Gross Building Area: 3,830
  • Building Area: 2,144
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,144
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Narragansett School District
  • School Tax School District: NARRAGANSETT SD
  • Census Tract: 051502

Zoning

  • Zoning: R-10

Geography

  • Account Number: 16223500
  • Parcel: NARR M:N-A B:102
  • Block: 102
  • Municipality: NARRAGANSETT
  • Latitude: 41.4917
  • Longitude: -71.444

    Address

  • Full Address: 2 Overlook Rd
  • Address - House Number: 2
  • Address - Street Name: Overlook
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Narragansett
  • Carrier Code: R013
  • 4-Digit Zip Code: 1253
  • Zip Code: 02882

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $383,800

    Appraisal Valuation

  • Standard Deviation: 0.2109
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 71
  • Final Value: 649,843
  • High Value: 786,940
  • Low Value: 512,747

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $412,200
  • Assessed Land Value: $149,000
  • Assessed Improvements Value: $263,200

    Sales

  • Current Sale Recording Date: Nov 21, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 16, 2010
  • Previous Sale Amount: $225,000
  • 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 Washington

Stats & Trends

Median Asking:

$1,070,000

Sale Price/ft²

$395

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1456 ft²

Average Home Age

60.3 years

Currently For Sale

4 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# 71750465

Frequently Asked Questions

When was property at 2 Overlook Road built and last sold?
The property at 2 Overlook Road was built in 1955 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 2 Overlook Road is $351,507.
What are some comparable homes to 2 Overlook Road?
There are currently no comparable homes to 2 Overlook Road.
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