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Newport
253 W.Main Rd
$290,000
● House - Off Market

253 W.Main Rd

Little Compton, RI 02837
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,236 Ft²
$514,480
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

Cottage located in Little Compton features 3 bedrooms, one full bath,hardwood floors throughout. Large eat in kitchen with appliances.  Window replacements with warranty. Full stairway to attic. Crawlspace access from in utility room.. Oversized garage with loft and workshop.   Septic installed in 2000. Beautiful views of farm land located all around this property.
Unit Size
1,236 Ft²
Days on Market
-
Land Size
0.90 acres
Price per sqft
$250
Property Type
House
Property Taxes
$199
HOA Dues
-
Year Built
1940

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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 #71981213)

Price History

Date / Event Date Event Price
Feb 22, 2017 Sold
Premium
Sold
Mar 31, 2016 Listed by Riverside Realty $308,900
Listed by Riverside Realty

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 39,000
  • Total Building Area: 1,236
  • Gross Building Area: 2,328
  • Building Area: 1,236
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,236
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000895
  • Standard Land Use Code: 1100
  • County Land Use Code: 109

Neighborhood

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

Geography

  • Account Number: 11-0111-00
  • Parcel: LCOM M:3 L:10
  • Lot: 10
  • Municipality: LITTLE COMPTON
  • Latitude: 41.5228
  • Longitude: -71.1938

    Address

  • Full Address: 253 W Main Rd
  • Address - House Number: 253
  • Street Direction: W
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Little Compton
  • Carrier Code: R003
  • 4-Digit Zip Code: 1227
  • Zip Code: 02837

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $250,400

    Appraisal Valuation

  • Standard Deviation: 0.183
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 63
  • Final Value: 698,078
  • High Value: 825,880
  • Low Value: 570,275

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $504,900
  • Assessed Land Value: $350,400
  • Assessed Improvements Value: $154,500

    Sales

  • Current Sale Recording Date: Feb 22, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
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:

$554,450

Sale Price/ft²

$375

Below Asking

0.03%

Average Days on Market

65

Average Home Size

2714 ft²

Average Home Age

53.7 years

Currently For Sale

21 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# 71981213

Frequently Asked Questions

When was property at 253 West Main Road built and last sold?
The property at 253 West Main Road was built in 1940 and last sold on Jan 1, 1970 for $290,000.
How much is this home worth?
The estimated value of the home located at 253 West Main Road is $318,354.
What are some comparable homes to 253 West Main Road?
There are currently no comparable homes to 253 West Main Road.
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