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Harmony 02814
242 Putnam Pike
$154,875
● House - Off Market

242 Putnam Pike

Glocester, RI 02814
bedrooms
3 Beds
bathrooms
1 Bath
square feet
864 Ft²
$1,058
Est. Monthly

About This Property

Introducing 242 Putnam: A high-potential investment opportunity in the sought-after Chepachet community. This two-bedroom cottage, requiring renovations, is set back from the road, offering privacy via a private driveway. The layout includes an open kitchen, hardwood floors, living area with sliders to a rear deck, presenting an excellent opportunity for indoor-outdoor spaces. Situated close to essential amenities, shopping, and with easy highway access, this property is ideally positioned for both convenience and tranquility.This project is ideal for investors looking for a property with significant upside potential. The home needs work, making it a blank canvas for a comprehensive renovation to meet current market demands.
Unit Size
864 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$191
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
1940

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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 #73204412)

Price History

Date / Event Date Event Price
May 23, 2024 Sold
Premium
Sold
Apr 23, 2024 In contract -
In contract
Feb 20, 2024 Listed by Westcott Properties $164,900
Listed by Westcott Properties
Feb 8, 2024 Sold
Premium
Sold
Jul 28, 2006 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • 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: 6
  • Basement Area: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,909
  • Total Building Area: 864
  • Gross Building Area: 2,404
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 864
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000480
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Glocester Elementary School District
  • Census Tract: 013101

Zoning

  • Zoning: 20

Geography

  • Account Number: 4-0799-50
  • Parcel: GLOC M:017 B:136
  • Block: 136
  • Municipality: GLOCESTER
  • Latitude: 41.8886
  • Longitude: -71.6007

    Address

  • Full Address: 242 Putnam Pike
  • Address - House Number: 242
  • Address - Street Name: Putnam
  • Address - Suffix Type: Pike
  • State: RI
  • City Name: Chepachet
  • Zip Code: 02814

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $297,700

    Appraisal Valuation

  • Standard Deviation: 0.085
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 93
  • Final Value: 191,364
  • High Value: 207,636
  • Low Value: 175,092

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $208,900
  • Assessed Land Value: $101,500
  • Assessed Improvements Value: $107,400

    Sales

  • Current Sale Contract Date: Jan 23, 2024
  • Current Sale Recording Date: Feb 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 34
  • Current Sale Input Document Number: 52891
  • Previous Sale Recording Date: Jul 28, 2006
  • Previous Sale Amount: $190,000
  • 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 Harmony

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

2174 ft²

Average Home Age

81 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# 73204412

Frequently Asked Questions

When was property at 242 Putnam Pike built and last sold?
The property at 242 Putnam Pike was built in 1940 and last sold on Jan 23, 2024 for $198,559.
How much is this home worth?
The estimated value of the home located at 242 Putnam Pike is $166,549.
What are some comparable homes to 242 Putnam Pike?
There are currently no comparable homes to 242 Putnam Pike.
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