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40-C Old Main Rd
$715,000
● House - Off Market

40-C Old Main Rd

Little Compton, RI 02837
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,957 Ft²
$1,532,770
RealtyHop Estimate
110.00%
Since Nov 1, 2009
National-US
Primary Model

About This Property

A Gem!Private setting w/views of trees, farmlands and the Watson Reservoir. Quality built custom home. Spacious open floor plan. Sun filled rooms. Gunite I/G pool, 3-5'of depth,ideal for laps. Splendid landsacpe. 1st floor master with superb new bath. Whirpool, walk-in closet, shower w/ two seats.  Extra large cooks kitchen. Formal dining room. Living room with masonry fireplace & wood stove insert. Fully equiped gym, walk-out basement. 2nd level expansion w/ dormers,1566 sf.more space.
Unit Size
1,957 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$373
Property Type
House
Property Taxes
$302
HOA Dues
-
Year Built
1996

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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 years ago (MLSPIN #70903600)

Price History

Date / Event Date Event Price
Feb 11, 2021 Sold
Premium
Sold
Oct 16, 2009 Sold
Premium
Sold
Apr 11, 2009 Listed by Cross Real Estate $729,900
Listed by Cross Real Estate
Jun 26, 1996 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 8
  • Basement Area: 1,478
  • 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: 3,112
  • Gross Building Area: 7,514
  • Building Area: 3,112
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,898
  • Heating Fuel Type: 6

    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: 8-1539-00
  • Parcel: LCOM M:1 L:1-4
  • Lot: 1-4
  • Municipality: LITTLE COMPTON
  • Latitude: 41.5444
  • Longitude: -71.194

    Address

  • Full Address: 40b Old Main Rd
  • Address - House Number: 40b
  • Address - Street Name: Old Main
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Little Compton
  • Carrier Code: R003
  • 4-Digit Zip Code: 1321
  • Zip Code: 02837

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $422,500

    Appraisal Valuation

  • Standard Deviation: 0.1987
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 73
  • Final Value: 1,083,262
  • High Value: 1,298,594
  • Low Value: 867,929

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $851,900
  • Assessed Land Value: $382,800
  • Assessed Improvements Value: $469,100

    Sales

  • Current Sale Contract Date: Jan 13, 2021
  • Current Sale Recording Date: Feb 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 171
  • Previous Sale Recording Date: Jun 26, 1996
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: 71
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

68

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

Rentals Near You

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 70903600

Frequently Asked Questions

When was property at 40C Old Main Road built and last sold?
The property at 40C Old Main Road was built in 1996 and last sold on Jan 13, 2021 for $659,000.
How much is this home worth?
The estimated value of the home located at 40C Old Main Road is $737,822.
What are some comparable homes to 40C Old Main Road?
There are currently no comparable homes to 40C Old Main Road.
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