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Newport 02878
2950 Main Road
$312,500
● House - Off Market

2950 Main Road

Tiverton, RI 02878
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,260 Ft²
$501,105
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

"SHOWCASE READY RANCH !!" DETAILED ELEGANCE THROUGHOUT THIS BEAUTIFULLY UPDATED HOME. IMPRESSIVE ISLAND KITCHEN WITH GRANITE/SS APPLIANCES/SOFT-CLOSE CABINETRY. HARDWOOD AND TILE FLOORS THROUGHOUT.  CENTRAL AIR! CURRENTY USED AS 2-BEDROOM  WITH DEN BUT COULD EASILY BE RETURNED TO 3 BEDROOMS. TASETULLY UPDATED BATHS, INCLUDING DECORATOR TILES AND WHIRLPOOL TUB. FINISHED LOWER LEVEL WITH EASY WALKOUT TO BEAUTIFUL ACRE PROPERTY. PRIVATE WELL WITH WATER TREATMENT SYSTEM. SEPTIC INSPECTION ALREADY DONE.  HOME GENERATOR AND HOME SECURITY SYSTEM WILL BOTH REMAIN WITH THE PROPERTY.
Unit Size
1,260 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$266
Property Type
House
Property Taxes
$377
HOA Dues
-
Year Built
1970

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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 #72387156)

Price History

Date / Event Date Event Price
Mar 4, 2019 Sold
Premium
Sold
Sep 2, 2018 Listed by Century 21 American Properties $335,000
Listed by Century 21 American Properties

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 7
  • Basement Area: 1,285
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,604
  • Total Building Area: 1,260
  • Gross Building Area: 3,625
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001001
  • 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:406 B:102
  • Block: 102
  • Municipality: TIVERTON
  • Latitude: 41.6
  • Longitude: -71.1942

    Address

  • Full Address: 2950 Main Rd
  • Address - House Number: 2950
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Tiverton
  • Carrier Code: R004
  • 4-Digit Zip Code: 4703
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $457,400

    Appraisal Valuation

  • Standard Deviation: 0.1947
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 74
  • Final Value: 504,218
  • High Value: 602,393
  • Low Value: 406,043

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $307,000
  • Assessed Land Value: $105,700
  • Assessed Improvements Value: $201,300

    Sales

  • Current Sale Contract Date: Jan 17, 2019
  • Current Sale Recording Date: Mar 04, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 415
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# 72387156

Frequently Asked Questions

When was property at 2950 Main Road built and last sold?
The property at 2950 Main Road was built in 1970 and last sold on Jan 17, 2019 for $312,500.
How much is this home worth?
The estimated value of the home located at 2950 Main Road is $343,680.
What are some comparable homes to 2950 Main Road?
There are currently no comparable homes to 2950 Main Road.
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