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Providence
298 Albion Rd
$220,000
● House - Off Market

298 Albion Rd

Lincoln, RI 02865
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,234 Ft²
$280,273
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Amazing opportunity to own a spacious property in Lincoln! This home sits on over an acre of land is only a short drive to 146 and 295. There is plenty of parking including a detached garage in need of renovation. Restoration is needed throughout but there is so much potential here. There are three beds and two baths in the main home, and there is additional living space which offers ample possibilities. Bring your vision and customize this property into the home of your dreams! Great opportunity!
Unit Size
2,234 Ft²
Days on Market
-
Land Size
1.13 acres
Price per sqft
$89
Property Type
House
Property Taxes
$431
HOA Dues
-
Year Built
1947

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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: 6 months ago (MLSPIN #72646219)

Price History

Date / Event Date Event Price
Jun 15, 2021 Sold
Premium
Sold
Jun 18, 2020 Sold
Premium
Sold
May 15, 2020 Sold
Premium
Sold
Apr 20, 2020 Listed by Westcott Properties $199,900
Listed by Westcott Properties

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 9
  • Basement Area: 1,770
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,223
  • Total Building Area: 2,410
  • Gross Building Area: 5,562
  • Building Area: 2,410
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,410
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001130
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lincoln School District
  • School Tax School District: LINCOLN PS
  • Census Tract: 011500

Zoning

  • Zoning: RS20

Geography

  • Account Number: 4-10804-73
  • Parcel: LINC M:31 L:031.0 U:
  • Lot: 31.0
  • Municipality: LINCOLN
  • Latitude: 41.9455
  • Longitude: -71.4736

    Address

  • Full Address: 298 Albion Rd
  • Address - House Number: 298
  • Address - Street Name: Albion
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Lincoln
  • Carrier Code: R010
  • 4-Digit Zip Code: 4218
  • Zip Code: 02865

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $876,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1728
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 634,567
  • High Value: 744,270
  • Low Value: 524,864

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $531,700
  • Assessed Land Value: $130,300
  • Assessed Improvements Value: $401,400

    Sales

  • Current Sale Contract Date: Jun 15, 2021
  • Current Sale Recording Date: Jun 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2937
  • Previous Sale Recording Date: Jun 18, 2020
  • Previous Sale Contract Date: Jun 09, 2020
  • Previous Sale Amount: $220,000
  • 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 Providence

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$272

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2487 ft²

Average Home Age

67.6 years

Currently For Sale

104 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

Currently no nearby rentals
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72646219

Frequently Asked Questions

When was property at 298 Albion Road built and last sold?
The property at 298 Albion Road was built in 1947 and last sold on Jun 15, 2021 for $590,000.
How much is this home worth?
The estimated value of the home located at 298 Albion Road is $227,304.
What are some comparable homes to 298 Albion Road?
There are currently no comparable homes to 298 Albion Road.
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