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Providence
299 Old River Rd
$339,000
● House - Off Market

299 Old River Rd

Lincoln, RI 02865
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,033 Ft²
$355,397
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

2 Bedroom, 1 ½  Bath Raised Ranch in Manville.  Main Level consist of Living Room with Fireplace, Remodeled Granite Kitchen, Dining Area, Bedroom, Full Bath, Hardwoods. Lower Level includes Bedroom, ½ Bath, Office with Double Doors to Exterior, Family Room with Fireplace.  New Oil Tank, Newer Roof, Vinyl Siding, Town Water, Double Driveway, One Car Detached Garage, Shed, Taxes Reflect 35% Homestead Saving, Water View of "Handy's Pond".  A Must See.  Call Today.
Unit Size
2,033 Ft²
Days on Market
-
Land Size
0.88 acres
Price per sqft
$165
Property Type
House
Property Taxes
$315
HOA Dues
-
Year Built
1966

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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: 5 months ago (MLSPIN #73046111)

Price History

Date / Event Date Event Price
Dec 22, 2022 Sold
Premium
Sold
Oct 19, 2022 In contract -
In contract
Oct 9, 2022 Listed by RE/MAX Town & Country $335,000
Listed by RE/MAX Town & Country
Jun 8, 2009 Sold
Premium
Sold
Jul 2, 1997 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 988
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 38,463
  • Total Building Area: 1,050
  • Gross Building Area: 2,182
  • Building Area: 1,050
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,050
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000883
  • 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: 011701

Zoning

  • Zoning: RS12

Geography

  • Account Number: 22-00790-25
  • Parcel: LINC M:34 L:223.0 U:
  • Lot: 223.0
  • Municipality: LINCOLN
  • Latitude: 41.9586
  • Longitude: -71.471

    Address

  • Full Address: 299 Old River Rd
  • Address - House Number: 299
  • Address - Street Name: Old River
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Lincoln
  • Zip Code: 02865

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $582,500

    Appraisal Valuation

  • Standard Deviation: 0.1808
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 76
  • Final Value: 405,129
  • High Value: 478,386
  • Low Value: 331,871

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $354,100
  • Assessed Land Value: $142,300
  • Assessed Improvements Value: $211,800

    Sales

  • Current Sale Contract Date: Dec 22, 2022
  • Current Sale Recording Date: Dec 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20220000004402
  • Previous Sale Recording Date: Jun 08, 2009
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: 27
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:

$489,900

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2503 ft²

Average Home Age

67.8 years

Currently For Sale

107 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: 5 months ago
Data Source: MLS PIN, MLS# 73046111

Frequently Asked Questions

When was property at 299 Old River Road built and last sold?
The property at 299 Old River Road was built in 1966 and last sold on Dec 22, 2022 for $339,000.
How much is this home worth?
The estimated value of the home located at 299 Old River Road is $350,105.
What are some comparable homes to 299 Old River Road?
There are currently no comparable homes to 299 Old River Road.
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