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Newport
41 West Main
$314,000
● House - Off Market

41 West Main

Little Compton, RI 02837
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,862 Ft²
$467,735
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Located just over the Little Compton/Tiverton line, on the Sakonnet side of West Main Road, sits a 2 bed, 2bath home with an extra lot. Perched high on a hill overlooking the Fogland Beach area, rolling farmlands and the marshes, you will enjoy beautiful sunsets year round. The extra lot abuts 4.5 acres of RI Audubon land. The house was initially a 2-story, 1 bed, 1bath single family home with first floor 1 bed, 1 bath in-law with separate entrance and interior access. Located walking/biking distance to public water access, easy access to beaches, town commons and Tiverton 4-Corners. Buyer to pay LCAT.
Unit Size
1,862 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$171
Property Type
House
Property Taxes
$173
HOA Dues
-
Year Built
1970

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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: 4 months ago (MLSPIN #72518649)

Price History

Date / Event Date Event Price
Aug 20, 2019 Sold
Premium
Sold
Jun 13, 2019 Listed by Welchman Torrey Real Estate Group $319,000
Listed by Welchman Torrey Real Estate Group
Nov 14, 2012 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 384
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,478
  • Gross Building Area: 2,336
  • Building Area: 1,478
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,478
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 15-0008-98
  • Parcel: LCOM M:1 L:69
  • Lot: 69
  • Municipality: LITTLE COMPTON
  • Latitude: 41.5463
  • Longitude: -71.1988

    Address

  • Full Address: 41 W Main Rd
  • Address - House Number: 41
  • Street Direction: W
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Little Compton
  • Carrier Code: R003
  • 4-Digit Zip Code: 1358
  • Zip Code: 02837

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $152,300

    Appraisal Valuation

  • Standard Deviation: 0.1959
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 73
  • Final Value: 486,703
  • High Value: 582,070
  • Low Value: 391,336

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $307,100
  • Assessed Land Value: $135,500
  • Assessed Improvements Value: $171,600

    Sales

  • Current Sale Contract Date: Aug 20, 2019
  • Current Sale Recording Date: Aug 20, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 582
  • Previous Sale Recording Date: Nov 14, 2012
  • Previous Sale Amount: $230,000
  • 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:

$559,900

Sale Price/ft²

$375

Below Asking

0.03%

Average Days on Market

72

Average Home Size

2624 ft²

Average Home Age

59 years

Currently For Sale

22 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: 4 months ago
Data Source: MLS PIN, MLS# 72518649

Frequently Asked Questions

When was property at 41 West Main Road built and last sold?
The property at 41 West Main Road was built in 1970 and last sold on Aug 20, 2019 for $314,000.
How much is this home worth?
The estimated value of the home located at 41 West Main Road is $340,679.
What are some comparable homes to 41 West Main Road?
There are currently no comparable homes to 41 West Main Road.
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