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Tiverton 02878
23 Prospect St
$220,000
● House - Off Market

23 Prospect St

Tiverton, RI 02878
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,177 Ft²
$348,049
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Fabulous package deal potential on this amazing development possibility.  Set up on hill with beautiful westerly water views overlooking Mount Hope Bay, the potential with this development site is enormous.   Restore the existing home and build a new construction creating a family compound on a private road.  Or remodel and flip the existing property on Prospect and build a new home on Cottage for resale.  Or perhaps, buy this package deal and use the additional lot for an amazing garage?  Possibilities are endless and the potential is clear.  Lot and the home will only be sold as a package deal and the list price reflects it.  Engineered plans available upon request.
Unit Size
1,177 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$238
Property Type
House
Property Taxes
$186
HOA Dues
-
Year Built
1900

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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: 5 years ago (MLSPIN #72770165)

Price History

Date / Event Date Event Price
Jul 29, 2022 Sold
Premium
Sold
Mar 26, 2021 Sold
Premium
Sold
Dec 31, 2020 Listed by Berkshire Hathaway HomeServices Robert Paul Properties $279,900
Listed by Berkshire Hathaway HomeServices Robert Paul Properties
Aug 26, 2019 No longer available -
No longer available
May 15, 2019 Price Decreased $225,000
↓ $25K (10%)
Price Decreased
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 23
  • 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: 772
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,318
  • Total Building Area: 1,327
  • Gross Building Area: 2,239
  • Building Area: 1,327
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,327
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000168
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Tiverton School District
  • School Tax School District: TIVERTON SD
  • Census Tract: 041602

Zoning

  • Zoning: R40

Geography

  • Parcel: TIVE M:302 B:259
  • Block: 259
  • Municipality: TIVERTON
  • Latitude: 41.6401
  • Longitude: -71.2076

    Address

  • Full Address: 23 Prospect St
  • Address - House Number: 23
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: RI
  • City Name: Tiverton
  • Carrier Code: C005
  • 4-Digit Zip Code: 4542
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $519,400

    Appraisal Valuation

  • Standard Deviation: 0.2355
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 67
  • Final Value: 584,972
  • High Value: 722,759
  • Low Value: 447,185

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $348,600
  • Assessed Land Value: $84,900
  • Assessed Improvements Value: $263,700

    Sales

  • Current Sale Contract Date: Jul 29, 2022
  • Current Sale Recording Date: Jul 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2405
  • Previous Sale Recording Date: Mar 26, 2021
  • Previous Sale Contract Date: Mar 26, 2021
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Tiverton

Stats & Trends

Median Asking:

$474,500

Sale Price/ft²

$381

Below Asking

0.03%

Average Days on Market

46

Average Home Size

2519 ft²

Average Home Age

80.2 years

Currently For Sale

6 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: 5 years ago
Data Source: MLS PIN, MLS# 72770165

Frequently Asked Questions

When was property at 23 Prospect Street built and last sold?
The property at 23 Prospect Street was built in 1900 and last sold on Jul 29, 2022 for $595,000.
How much is this home worth?
The estimated value of the home located at 23 Prospect Street is $0.
What are some comparable homes to 23 Prospect Street?
There are currently no comparable homes to 23 Prospect Street.
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