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Cranston 02920
23 Old Spring Road
$370,000
● House - Off Market

23 Old Spring Road

Cranston, RI 02920
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,034 Ft²
$432,550
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Welcome to desirable Garden Hills section of Cranston. All updated raised ranch featuring new kitchen with stainless steel appliances and granite countertops, gorgeous hardwood floors throughout, 4 bedrooms 2 and 1/2 bathrooms, finished walkout lower level with master bedroom and full bathroom, large family room, brand new heating system and recently installed central air. Oversized backyard with large covered new deck. So much to offer! Call today!
Unit Size
2,034 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$197
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1985

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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 #72908196)

Price History

Date / Event Date Event Price
Jan 11, 2022 Sold
Premium
Sold
Oct 12, 2021 Listed by Circle 100 Real Estate Brokerage LLC $399,900
Listed by Circle 100 Real Estate Brokerage LLC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 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: 8,101
  • Total Building Area: 1,034
  • Gross Building Area: 2,374
  • Building Area: 1,034
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,034
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000186
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Cranston School District
  • School Tax School District: CRANSTON PS
  • Census Tract: 014400

Geography

  • Account Number: 1129772
  • Parcel: CRAN M:18-4 L:1934 U:
  • Lot: 1934
  • Municipality: CRANSTON
  • Latitude: 41.744
  • Longitude: -71.4789

    Address

  • Full Address: 23 Old Spring Rd
  • Address - House Number: 23
  • Address - Street Name: Old Spring
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Cranston
  • Carrier Code: C009
  • 4-Digit Zip Code: 3117
  • Zip Code: 02920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $516,200

    Appraisal Valuation

  • Standard Deviation: 0.1788
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 76
  • Final Value: 400,833
  • High Value: 472,513
  • Low Value: 329,153

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $273,100
  • Assessed Land Value: $66,900
  • Assessed Improvements Value: $206,200

    Sales

  • Current Sale Contract Date: Jan 07, 2022
  • Current Sale Recording Date: Jan 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10004400
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 Cranston

Stats & Trends

Median Asking:

$435,000

Sale Price/ft²

$280

Below Asking

0.01%

Average Days on Market

89

Average Home Size

1151 ft²

Average Home Age

107 years

Currently For Sale

1 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# 72908196

Frequently Asked Questions

When was property at 23 Old Spring Road built and last sold?
The property at 23 Old Spring Road was built in 1985 and last sold on Jan 7, 2022 for $370,000.
How much is this home worth?
The estimated value of the home located at 23 Old Spring Road is $402,086.
What are some comparable homes to 23 Old Spring Road?
There are currently no comparable homes to 23 Old Spring Road.
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