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Newport 02878
45 Luke Dr
$451,000
● House - Off Market

45 Luke Dr

Tiverton, RI 02878
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,013 Ft²
$639,711
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

This Beautiful 3 bed 2.5 bath Colonial built-in 2018 by Harkins Development offers inspiring finishes, and exciting open spaces. The first floor includes hardwood flooring, high ceilings, Trey Ceiling, a modern Drop zone for mail, keys and things, (great for organization) Granite kitchen counters, tiled backsplash, and attractive two-tone cabinets for that visual contrast, and don't forget to Warm up by the fireplace. The second Floor fancies a Large master suite with a private master bath, double sink, makeup vanity, stunning tile shower, and of course walk-in closet, secondary bedrooms, washer dryer hookups, conveniently located, and a Bonus Room above the 2 car garage. All this and an exceptional amount of outdoor space located on a cul de sac in a development with similar homes, Make this home yours!
Unit Size
2,013 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$224
Property Type
House
Property Taxes
$145
HOA Dues
-
Year Built
2018

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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 months ago (MLSPIN #72622820)

Price History

Date / Event Date Event Price
Apr 21, 2020 Sold
Premium
Sold
Feb 22, 2020 Listed by Keller Williams South Watuppa $449,900
Listed by Keller Williams South Watuppa
Sep 18, 2019 Sold
Premium
Sold
Jul 22, 2019 Listed by Keller Williams South Watuppa $439,900
Listed by Keller Williams South Watuppa

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 840
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,359
  • Total Building Area: 2,013
  • Gross Building Area: 4,200
  • Building Area: 2,013
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,013
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000674
  • 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: 041701

Geography

  • Parcel: TIVE M:216 B:608
  • Block: 608
  • Municipality: TIVERTON
  • Latitude: 41.6252
  • Longitude: -71.152

    Address

  • Full Address: 45 Luke Dr
  • Address - House Number: 45
  • Address - Street Name: Luke
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Tiverton
  • Carrier Code: R005
  • 4-Digit Zip Code: 2578
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $639,200

    Appraisal Valuation

  • Standard Deviation: 0.233
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 67
  • Final Value: 665,234
  • High Value: 820,278
  • Low Value: 510,189

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $429,000
  • Assessed Land Value: $111,300
  • Assessed Improvements Value: $317,700

    Sales

  • Current Sale Contract Date: Apr 20, 2020
  • Current Sale Recording Date: Apr 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1176
  • Previous Sale Recording Date: Sep 18, 2019
  • Previous Sale Contract Date: Aug 26, 2019
  • Previous Sale Amount: $443,370
  • 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

64

Average Home Size

2714 ft²

Average Home Age

53.7 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72622820

Frequently Asked Questions

When was property at 45 Luke Drive built and last sold?
The property at 45 Luke Drive was built in 2018 and last sold on Apr 20, 2020 for $451,000.
How much is this home worth?
The estimated value of the home located at 45 Luke Drive is $469,275.
What are some comparable homes to 45 Luke Drive?
There are currently no comparable homes to 45 Luke Drive.
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