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Tiverton 02878
45 Bourne
$195,000
● House - Off Market

45 Bourne

Tiverton, RI 02878
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,028 Ft²
$285,435
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Solidly built  1950 Cape with hardwood floors, plaster walls, cast iron baseboard heat, detached one car garage and ample rear yard.    Nicely located on a dead end street with easy access to all conveniences, schools and interstate. Bring this cozy 2 to 3 bedroom back to life, as it  needs vision and updating;  Buyer should consider  203K financing or lender rehab products for VA or FHA .  Seller did replace windows and newly painted exterior.  There are  stairs to the second level  finished room, with built in  bookcase,  drawers, and very ample closet space.
Unit Size
1,028 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$190
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
1950

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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: 5 months ago (MLSPIN #72542239)

Price History

Date / Event Date Event Price
Nov 15, 2019 Sold
Premium
Sold
Jun 12, 2019 Listed by Century 21 Topsail Realty - Tiverton $195,000
Listed by Century 21 Topsail Realty - Tiverton

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 728
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,536
  • Total Building Area: 728
  • Gross Building Area: 2,224
  • Building Area: 728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 728
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000173
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Tiverton School District
  • School Tax School District: TIVERTON SD
  • Census Tract: 041602

Zoning

  • Zoning: R30

Geography

  • Parcel: TIVE M:112 B:408
  • Block: 408
  • Municipality: TIVERTON
  • Latitude: 41.6582
  • Longitude: -71.1905

    Address

  • Full Address: 45 Bourne Ave
  • Address - House Number: 45
  • Address - Street Name: Bourne
  • Address - Suffix Type: Ave
  • State: RI
  • City Name: Tiverton
  • Carrier Code: C003
  • 4-Digit Zip Code: 1703
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $290,000

    Appraisal Valuation

  • Standard Deviation: 0.4209
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 15
  • Final Value: 280,477
  • High Value: 398,543
  • Low Value: 162,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $194,600
  • Assessed Land Value: $104,000
  • Assessed Improvements Value: $90,600

    Sales

  • Current Sale Contract Date: Nov 14, 2019
  • Current Sale Recording Date: Nov 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3393
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 Tiverton

Stats & Trends

Median Asking:

$469,000

Sale Price/ft²

$360

Below Asking

0.03%

Average Days on Market

46

Average Home Size

2519 ft²

Average Home Age

80.2 years

Currently For Sale

6 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 months ago
Data Source: MLS PIN, MLS# 72542239

Frequently Asked Questions

When was property at 45 Bourne Avenue built and last sold?
The property at 45 Bourne Avenue was built in 1950 and last sold on Nov 14, 2019 for $195,000.
How much is this home worth?
The estimated value of the home located at 45 Bourne Avenue is $206,890.
What are some comparable homes to 45 Bourne Avenue?
There are currently no comparable homes to 45 Bourne Avenue.
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