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33 Seaspray Way
$190,000
● Land - Off Market

33 Seaspray Way

Little Compton, RI 02837
bedrooms
Studio
bathrooms
0 Bath
$291,468
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Waterviews on a .28 acre lot in Little Compton, RI in Newport County. Ready to build site, the lot is cleared and includes a well and approved 4-bedroom septic. Flood insurance is not required. This property is located in a very desirable area with a nearby vineyard, farm stands, and is only 10 minutes from the charming town center, known as "The Commons." Perfect site for historical sightseeing, water access at bottom of Town Way with pebble beach and boat ramp. Enjoy the surf of South Shore Beach, art shops, small cafes and the charm of a place where the land rolls into the sea. This site is less than an hour to Providence, Newport, and only 40 minutes to the Cape. The best of all worlds in a quaint village by the sea. No LCAT
Unit Size
-
Days on Market
-
Land Size
0.28 acres
Price per sqft
-
Property Type
Land
Property Taxes
$89
HOA Dues
-
Year Built
2021

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72527561)

Price History

Date / Event Date Event Price
Oct 17, 2019 Sold
Premium
Sold
Jun 29, 2019 Listed by Welchman Torrey Real Estate Group $199,000
Listed by Welchman Torrey Real Estate Group
Jul 13, 2017 Sold
Premium
Sold
Feb 17, 2017 Listed by Welchman Torrey Real Estate Group $184,900
Listed by Welchman Torrey Real Estate Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • 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: 12,150
  • Total Building Area: 1,191
  • Gross Building Area: 4,111
  • Building Area: 1,191
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,191
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000279
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 16-0365-00
  • Parcel: LCOM M:1 L:239
  • Lot: 239
  • Municipality: LITTLE COMPTON
  • Latitude: 41.5406
  • Longitude: -71.2032

    Address

  • Full Address: 33 Seaspray Way
  • Address - House Number: 33
  • Address - Street Name: Seaspray
  • Address - Suffix Type: Way
  • State: RI
  • City Name: Little Compton
  • Carrier Code: R003
  • 4-Digit Zip Code: 1340
  • Zip Code: 02837

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $281,500

    Appraisal Valuation

  • Standard Deviation: 0.1656
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 79
  • Final Value: 825,327
  • High Value: 962,040
  • Low Value: 688,614

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $567,500
  • Assessed Land Value: $217,200
  • Assessed Improvements Value: $350,300

    Sales

  • Current Sale Contract Date: Oct 12, 2019
  • Current Sale Recording Date: Oct 17, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 781
  • Previous Sale Recording Date: Jul 13, 2017
  • Previous Sale Amount: $180,000
  • 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 Newport

Stats & Trends

Median Asking:

$559,900

Sale Price/ft²

$375

Below Asking

0.03%

Average Days on Market

72

Average Home Size

2624 ft²

Average Home Age

59 years

Currently For Sale

22 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# 72527561

Frequently Asked Questions

When was property at 33 Seaspray Way built and last sold?
The property at 33 Seaspray Way was built in 2021 and last sold on Oct 12, 2019 for $190,000.
How much is this home worth?
The estimated value of the home located at 33 Seaspray Way is $200,990.
What are some comparable homes to 33 Seaspray Way?
There are currently no comparable homes to 33 Seaspray Way.
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