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Warwick 02889
279 Beach Ave
$280,000
● House - Off Market

279 Beach Ave

Warwick, RI 02889
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,804 Ft²
$2,018
Est. Monthly

About This Property

Investors Take Notice! Nine room, 4-bedroom colonial in the Conimicut neighborhood. Needs work inside and out, and a roof. Large home with double parlors, great potential. Landscaping is very overgrown. Interior needs significant cleanout. Cash buyers or private financing only. Property will not pass FHA, VHA, most conventional financing.
Unit Size
1,804 Ft²
Days on Market
-
Land Size
0.88 acres
Price per sqft
$182
Property Type
House
Property Taxes
$402
HOA Dues
-
Year Built
1900

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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 #73181059)

Price History

Date / Event Date Event Price
Feb 7, 2024 Sold
Premium
Sold
Nov 26, 2023 In contract -
In contract
Nov 16, 2023 Listed by Streamline Realty Group, LLC $329,000
Listed by Streamline Realty Group, LLC
Apr 18, 1997 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • 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: 1,008
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,333
  • Total Building Area: 1,804
  • Gross Building Area: 3,286
  • Building Area: 1,804
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,804
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000880
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Warwick School District
  • School Tax School District: WARWICK PS
  • Census Tract: 021402

Zoning

  • Zoning: A7

Geography

  • Account Number: 116623400
  • Parcel: WARW M:331 B:0091 L:0000
  • Block: 91
  • Municipality: WARWICK
  • Latitude: 41.7189
  • Longitude: -71.3847

    Address

  • Full Address: 279 Beach Ave
  • Address - House Number: 279
  • Address - Street Name: Beach
  • Address - Suffix Type: Ave
  • State: RI
  • City Name: Warwick
  • Carrier Code: C014
  • 4-Digit Zip Code: 3927
  • Zip Code: 02889

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $482,700

    Appraisal Valuation

  • Standard Deviation: 0.082
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 93
  • Final Value: 330,815
  • High Value: 357,955
  • Low Value: 303,675

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $340,200
  • Assessed Land Value: $134,700
  • Assessed Improvements Value: $205,500

    Sales

  • Current Sale Contract Date: Jan 26, 2024
  • Current Sale Recording Date: Feb 07, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1183
  • Previous Sale Recording Date: Apr 18, 1997
  • Previous Sale Amount: $45,000
  • Previous 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 Warwick

Stats & Trends

Median Asking:

$462,450

Sale Price/ft²

$347

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1551 ft²

Average Home Age

131 years

Currently For Sale

4 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# 73181059

Frequently Asked Questions

When was property at 279 Beach Avenue built and last sold?
The property at 279 Beach Avenue was built in 1900 and last sold on Jan 26, 2024 for $280,000.
How much is this home worth?
The estimated value of the home located at 279 Beach Avenue is $328,730.
What are some comparable homes to 279 Beach Avenue?
There are currently no comparable homes to 279 Beach Avenue.
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