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Providence
394 Old River Rd
$239,000
● House - Off Market

394 Old River Rd

Lincoln, RI 02838
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,570 Ft²
$379,893
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Beautiful updated ranch in move in condition.  Single level living at its best with a heated, finished lower level with family room or third bedroom option.  Open kitchen with stainless steel appliances, big double stainless steel sink, new back splash and counter tops, updated lighting, double living room with fireplace and hardwoods, bedroom with built-ins and new flooring, replacement windows, young roof, spectacular back yard with stone walls, deck and patio and fire pit.  Property taxes are only $2973 a year with Homestead Exemption  Best commuter location. 12 min to Providence RI, 45 minutes to Boston, 20 min to train station.  Top rated Lincoln schools.  Mint ready to go!  Upgraded Buyer Home Warranty included.
Unit Size
1,570 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$152
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
1957

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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: 6 months ago (MLSPIN #72209911)

Price History

Date / Event Date Event Price
Oct 6, 2017 Sold
Premium
Sold
Aug 7, 2017 Listed by Coldwell Banker Residential Brokerage $239,000
Listed by Coldwell Banker Residential Brokerage
Sep 17, 2002 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,104
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,416
  • Total Building Area: 1,104
  • Gross Building Area: 2,600
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000308
  • 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: 011500

Zoning

  • Zoning: RL9

Geography

  • Account Number: 22-04841-99
  • Parcel: LINC M:39 L:027.0 U:
  • Lot: 27.0
  • Municipality: LINCOLN
  • Latitude: 41.9692
  • Longitude: -71.479

    Address

  • Full Address: 394 Old River Rd
  • Address - House Number: 394
  • Address - Street Name: Old River
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Manville
  • Carrier Code: C002
  • 4-Digit Zip Code: 1212
  • Zip Code: 02838

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $238,856

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Apr 19, 2023
  • Confidence Score: 78
  • Final Value: 348,236
  • High Value: 407,321
  • Low Value: 289,151

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $279,500
  • Assessed Land Value: $109,700
  • Assessed Improvements Value: $169,800

    Sales

  • Current Sale Recording Date: Oct 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 17, 2002
  • Previous Sale Amount: $170,000
  • 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:

$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: 6 months ago
Data Source: MLS PIN, MLS# 72209911

Frequently Asked Questions

When was property at 394 Old River Road built and last sold?
The property at 394 Old River Road was built in 1957 and last sold on Jan 1, 1970 for $239,000.
How much is this home worth?
The estimated value of the home located at 394 Old River Road is $252,737.
What are some comparable homes to 394 Old River Road?
There are currently no comparable homes to 394 Old River Road.
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