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Newport
34 E Main Rd
$160,000
● Land - Off Market

34 E Main Rd

Little Compton, RI 02837
bedrooms
Studio
bathrooms
0 Bath
$265,946
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

Ready to Build Land for Sale in Little Compton. 2 Acre lot with 4 bed ISDS approved. East Main Road location is just outside of the town center known as the "Commons" and located 3.5 Miles to South Shore / Goosewing Beach. Sparsely wooded lot, West Facing. Flood insurance is NOT required. Not in an association, no restrictive covenants. Northern bounded by beautiful stone wall. 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 Cape Cod. The best of all worlds in a quaint village setting. Buyer to Pay LCAT
Unit Size
-
Days on Market
-
Land Size
2.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$78
HOA Dues
-
Year Built
2020

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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 #72349604)

Price History

Date / Event Date Event Price
Jan 22, 2019 Sold
Premium
Sold
Jun 20, 2018 Listed by Keller Williams Realty of Newport $175,000
Listed by Keller Williams Realty of Newport

Property Highlights

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 87,120
  • Total Building Area: 2,324
  • Gross Building Area: 5,362
  • Building Area: 2,324
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 11
  • Heated Square Feet: 2,324
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • 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: 2-0954-00
  • Parcel: LCOM M:27 L:46-2
  • Lot: 46-2
  • Municipality: LITTLE COMPTON
  • Latitude: 41.5292
  • Longitude: -71.1632

    Address

  • Full Address: 34 E Main Rd
  • Address - House Number: 34
  • Street Direction: E
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Little Compton
  • Carrier Code: R003
  • 4-Digit Zip Code: 1804
  • Zip Code: 02837

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $493,400

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 1,454,669
  • High Value: 1,712,125
  • Low Value: 1,197,214

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $994,800
  • Assessed Land Value: $189,100
  • Assessed Improvements Value: $805,700

    Sales

  • Current Sale Contract Date: Jan 22, 2019
  • Current Sale Recording Date: Jan 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 61
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

71

Average Home Size

2639 ft²

Average Home Age

55.4 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# 72349604

Frequently Asked Questions

When was property at 34 East Main Road built and last sold?
The property at 34 East Main Road was built in 2020 and last sold on Jan 22, 2019 for $160,000.
How much is this home worth?
The estimated value of the home located at 34 East Main Road is $176,750.
What are some comparable homes to 34 East Main Road?
There are currently no comparable homes to 34 East Main Road.
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