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Providence 02864
38 Owen Dr
$331,000
● House - Off Market

38 Owen Dr

Cumberland, RI 02864
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,136 Ft²
$414,244
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Estate Sale.  Sold As-Is.  Buyer Responsible for all Due Diligence.  3 Bed 1 Bath Ranch with Central Air, Renovated Kitchen with Self Close Cabinets, 2-Year-Old Stainless Steel Appliances, Dining Room with Hardwoods, Living Room with Gas Fireplace, Breezeway, Brand New Roof with 50 Year Architectural Shingles Transferable Warranty to New Owner, Newer Hot Water Tank, Newer Gas Boiler, Bulkhead, 2 Car Garage, Vinyl Siding, Built-In Pool with Brand New Cover, Shed for Pool Storage, Sprinklers, Fence.  Property is on a Cesspool and will need a New Septic System. A Must See.  Check Out the Attached 360 Tour. Call Today for Your Private Showing.
Unit Size
1,136 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$281
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
1960

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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 years ago (MLSPIN #72766584)

Price History

Date / Event Date Event Price
Jan 15, 2021 Sold
Premium
Sold
Dec 12, 2020 Listed by RE/MAX Town & Country $319,000
Listed by RE/MAX Town & Country

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,136
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 11,979
  • Total Building Area: 1,136
  • Gross Building Area: 2,916
  • Building Area: 1,136
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,136
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000275
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Cumberland School District
  • School Tax School District: CUMBERLAND SD
  • Census Tract: 011404

Zoning

  • Zoning: R-1

Geography

  • Account Number: 1-0006-20
  • Parcel: CUMB M:024 B:0159 L:000
  • Block: 159
  • Municipality: CUMBERLAND
  • Latitude: 41.9613
  • Longitude: -71.3993

    Address

  • Full Address: 38 Owen Dr
  • Address - House Number: 38
  • Address - Street Name: Owen
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Cumberland
  • Carrier Code: C094
  • 4-Digit Zip Code: 4124
  • Zip Code: 02864

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $382,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 78
  • Final Value: 427,122
  • High Value: 498,903
  • Low Value: 355,341

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $329,400
  • Assessed Land Value: $118,200
  • Assessed Improvements Value: $211,200

    Sales

  • Current Sale Contract Date: Jan 14, 2021
  • Current Sale Recording Date: Jan 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 120789
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:

$494,950

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2444 ft²

Average Home Age

68.9 years

Currently For Sale

110 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 years ago
Data Source: MLS PIN, MLS# 72766584

Frequently Asked Questions

When was property at 38 Owen Drive built and last sold?
The property at 38 Owen Drive was built in 1960 and last sold on Jan 14, 2021 for $331,000.
How much is this home worth?
The estimated value of the home located at 38 Owen Drive is $0.
What are some comparable homes to 38 Owen Drive?
There are currently no comparable homes to 38 Owen Drive.
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