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Central Falls 02863
40 Binford Street
$198,000
● House - Off Market

40 Binford Street

Central Falls, RI 02863
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,405 Ft²
$368,295
RealtyHop Estimate
86.01%
Since May 1, 2008
National-US
Primary Model

About This Property

"Short Sale"  Large Cape Cod style home located on Central Falls/Lincoln line. Convenient to schools, shopping, etc. Ideal for first time home buyer.All offers subject to bank approval.  To be sold in "AS IS" condition.
Unit Size
1,405 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$141
Property Type
House
Property Taxes
$193
HOA Dues
-
Year Built
1950

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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 months ago (MLSPIN #70661600)

Price History

Date / Event Date Event Price
Jul 2, 2012 Sold
Premium
Sold
May 1, 2008 Sold
Premium
Sold
Oct 9, 2007 Listed by RE/MAX Town & Country $198,000
Listed by RE/MAX Town & Country

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 852
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,744
  • Total Building Area: 1,533
  • Gross Building Area: 3,264
  • Building Area: 1,533
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,533
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000109
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Central Falls School District
  • School Tax School District: CENTRALFALLS SD
  • Census Tract: 011100

Zoning

  • Zoning: R-1

Geography

  • Account Number: 7-1854-99
  • Parcel: CENT M:10 P:83
  • Municipality: CENTRAL FALLS
  • Latitude: 41.8926
  • Longitude: -71.4041

    Address

  • Full Address: 40 Binford St
  • Address - House Number: 40
  • Address - Street Name: Binford
  • Address - Suffix Type: St
  • State: RI
  • City Name: Central Falls
  • Carrier Code: C070
  • 4-Digit Zip Code: 1208
  • Zip Code: 02863

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $461,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 358,657
  • High Value: 418,922
  • Low Value: 298,392

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $248,900
  • Assessed Land Value: $83,900
  • Assessed Improvements Value: $165,000

    Sales

  • Current Sale Recording Date: Jul 02, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: May 01, 2008
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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 Central Falls

Stats & Trends

Median Asking:

$747,500

Sale Price/ft²

$290

Below Asking

0.02%

Average Days on Market

27

Average Home Size

1709 ft²

Average Home Age

126 years

Currently For Sale

1 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

Unit for rent at 10 Goff Ave, RI, 02860

$1,280 /mo

  • 1 Bed
  • 1 Bath
10 Goff Ave, RI, 02860 Listing by Rick Rivera
Unit for rent at 75 East Avenue, RI, 02860

$1,610 /mo

  • 1 Bed
  • 1 Bath
75 East Avenue, RI, 02860 Listing by Rick Rivera
Unit for rent at 6-10 George St, RI, 02860

$1,340 /mo

  • 1 Bed
  • 1 Bath
6-10 George St, RI, 02860 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70661600

Frequently Asked Questions

When was property at 40 Binford Street built and last sold?
The property at 40 Binford Street was built in 1950 and last sold on Jan 1, 1970 for $140,000.
How much is this home worth?
The estimated value of the home located at 40 Binford Street is $198,335.
What are some comparable homes to 40 Binford Street?
There are currently no comparable homes to 40 Binford Street.
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