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Newport 02878
241 King Rd
$355,000
● House - Off Market

241 King Rd

Tiverton, RI 02878
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,560 Ft²
$654,546
RealtyHop Estimate
77.38%
Since Nov 1, 2015
National-US
Primary Model

About This Property

Country cape with gorgeous farmers porch, stone fireplace, wood and tile flooring, eat-in kitchen, master bedroom with en-suite, potential for horses and huge 40x36 barn/workshop.
Unit Size
1,560 Ft²
Days on Market
-
Land Size
1.38 acres
Price per sqft
$237
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1997

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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 #71876221)

Price History

Date / Event Date Event Price
Sep 15, 2022 Sold
Premium
Sold
Oct 1, 2015 Sold
Premium
Sold
Jul 20, 2015 Listed by Keller Williams Realty of Newport $369,000
Listed by Keller Williams Realty of Newport

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 7
  • Basement Area: 960
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 60,243
  • Total Building Area: 1,560
  • Gross Building Area: 3,428
  • Building Area: 1,560
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,560
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001383
  • 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: 041702

Zoning

  • Zoning: R80

Geography

  • Parcel: TIVE M:510 B:113
  • Block: 113
  • Municipality: TIVERTON
  • Latitude: 41.6032
  • Longitude: -71.1527

    Address

  • Full Address: 241 King Rd
  • Address - House Number: 241
  • Address - Street Name: King
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Tiverton
  • Carrier Code: R003
  • 4-Digit Zip Code: 2722
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $593,200

    Appraisal Valuation

  • Standard Deviation: 0.2
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 73
  • Final Value: 601,055
  • High Value: 721,320
  • Low Value: 480,790

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $398,100
  • Assessed Land Value: $116,500
  • Assessed Improvements Value: $281,600

    Sales

  • Current Sale Contract Date: Sep 15, 2022
  • Current Sale Recording Date: Sep 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2834
  • Previous Sale Recording Date: Oct 01, 2015
  • Previous Sale Amount: $355,000
  • 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 Newport

Stats & Trends

Median Asking:

$559,900

Sale Price/ft²

$375

Below Asking

0.03%

Average Days on Market

72

Average Home Size

2624 ft²

Average Home Age

59 years

Currently For Sale

22 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71876221

Frequently Asked Questions

When was property at 241 King Road built and last sold?
The property at 241 King Road was built in 1997 and last sold on Sep 15, 2022 for $535,000.
How much is this home worth?
The estimated value of the home located at 241 King Road is $382,752.
What are some comparable homes to 241 King Road?
There are currently no comparable homes to 241 King Road.
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