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Newport 02878
35 Norman Dr
$345,000
● House - Off Market

35 Norman Dr

Tiverton, RI 02878
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,004 Ft²
$347,958
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Lovely 3 bedroom home on +/-25,000 sq ft lot in a great family friendly neighborhood, with cul-de sac. Home has newer roof, windows ,and boiler. Home has been loved & well maintained it's whole life. Has 1 car attached garage, and partially finished basement, which would make a great second family room. With some small cosmetics, this would be a great home to raise a family. Don't miss out, this home is well worth the look.
Unit Size
1,004 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$337
Property Type
House
Property Taxes
$284
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 #72910998)

Price History

Date / Event Date Event Price
Mar 11, 2022 Sold
Premium
Sold
Feb 8, 2022 Sold
Premium
Sold
Oct 20, 2021 Listed by E. M. Resendes Real Estate Group $337,900
Listed by E. M. Resendes Real Estate Group
Nov 4, 1969 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 23
  • 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: 1,004
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,960
  • Total Building Area: 1,004
  • Gross Building Area: 2,776
  • Building Area: 1,004
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,004
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000573
  • 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:601 B:131
  • Block: 131
  • Municipality: TIVERTON
  • Latitude: 41.5974
  • Longitude: -71.1637

    Address

  • Full Address: 35 Norman Dr
  • Address - House Number: 35
  • Address - Street Name: Norman
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Tiverton
  • Carrier Code: R003
  • 4-Digit Zip Code: 2718
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $359,100

    Appraisal Valuation

  • Standard Deviation: 0.1972
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 73
  • Final Value: 383,018
  • High Value: 458,580
  • Low Value: 307,457

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $241,000
  • Assessed Land Value: $102,000
  • Assessed Improvements Value: $139,000

    Sales

  • Current Sale Contract Date: Feb 01, 2022
  • Current Sale Recording Date: Feb 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 465
  • Previous Sale Recording Date: Nov 04, 1969
  • Previous Sale Amount: $3,000
  • 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 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72910998

Frequently Asked Questions

When was property at 35 Norman Drive built and last sold?
The property at 35 Norman Drive was built in 1970 and last sold on Feb 1, 2022 for $343,900.
How much is this home worth?
The estimated value of the home located at 35 Norman Drive is $343,937.
What are some comparable homes to 35 Norman Drive?
There are currently no comparable homes to 35 Norman Drive.
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