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Newport
253 Long Highway
$320,000
● House - Off Market

253 Long Highway

Little Compton, RI 02837
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,056 Ft²
$585,467
RealtyHop Estimate
77.41%
Since Dec 1, 2015
National-US
Primary Model

About This Property

Rare opportunity!  Mint condition - 1 owner 3 BR, 2 Bathrm. Ranch in Little Compton. Fireplaced LR. Open kitchen - DR offers maple cabinetry, small center island & new appliances. MBR has full MBath.  Ceiling fans in most rooms. Pull down attic storage. Nice FP family room in dry basement with separate craft rm. and workshop/ storage area. W/D hook-up in laundry rm.  Sump pump in basement. Updated electrical service. Storage shed with elec. Fenced in rear yard. Well and septic inspections just done. Reports available for review. Nothing to do but move in and call it home!
Unit Size
1,056 Ft²
Days on Market
-
Land Size
1.19 acres
Price per sqft
$313
Property Type
House
Property Taxes
$134
HOA Dues
-
Year Built
1968

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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 #71901184)

Price History

Date / Event Date Event Price
Nov 20, 2015 Sold
Premium
Sold
Sep 9, 2015 Listed by Prestige Realty Experts Inc. $330,000
Listed by Prestige Realty Experts Inc.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • 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: 11
  • 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: 7
  • Basement Area: 1,056
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 52,034
  • Total Building Area: 1,056
  • Gross Building Area: 2,416
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001195
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Little Compton School District
  • School Tax School District: LITTLE CMPTN SD
  • Census Tract: 041400

Geography

  • Account Number: 8-1553-55
  • Parcel: LCOM M:27 L:34
  • Lot: 34
  • Municipality: LITTLE COMPTON
  • Latitude: 41.5324
  • Longitude: -71.1545

    Address

  • Full Address: 253 Long Hwy
  • Address - House Number: 253
  • Address - Street Name: Long
  • Address - Suffix Type: Hwy
  • State: RI
  • City Name: Little Compton
  • Carrier Code: R001
  • 4-Digit Zip Code: 1824
  • Zip Code: 02837

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $175,400

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 75
  • Final Value: 558,713
  • High Value: 664,343
  • Low Value: 453,083

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $353,600
  • Assessed Land Value: $172,700
  • Assessed Improvements Value: $180,900

    Sales

  • Current Sale Recording Date: Nov 20, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 846
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

71

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71901184

Frequently Asked Questions

When was property at 253 Long Highway built and last sold?
The property at 253 Long Highway was built in 1968 and last sold on Jan 1, 1970 for $320,000.
How much is this home worth?
The estimated value of the home located at 253 Long Highway is $336,672.
What are some comparable homes to 253 Long Highway?
There are currently no comparable homes to 253 Long Highway.
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