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Tiverton 02878
454 Riverside Dr
$375,000
● House - Off Market

454 Riverside Dr

Tiverton, RI 02878
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,436 Ft²
$714,080
RealtyHop Estimate
80.78%
Since May 1, 2015
National-US
Primary Model

About This Property

Enjoy gorgeous sunsets and water views in nearly every room from this picturesque approximately 1,736 sq.ft. 3bd, 1.5ba waterfront cottage. Features include beautiful maple flooring throughout, brick fireplace, first floor master, new roof, hurricane shutters, and sun-room with a wall of windows facing out to the bay and private access to beach on the salty Sakonnet River. Great as a year-round home on peaceful dead-end street, with easy access to bridges and highways for commuters, or an ideal summer retreat for water enthusiasts, with potential rental opportunity.
Unit Size
1,436 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$275
Property Type
House
Property Taxes
$475
HOA Dues
-
Year Built
1911

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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 #71778759)

Price History

Date / Event Date Event Price
Apr 16, 2015 Sold
Premium
Sold
Dec 24, 2014 Listed by Keller Williams Realty of Newport $395,000
Listed by Keller Williams Realty of Newport
Nov 20, 1996 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1911
  • Effective Year Built: 1911
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 500
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 23

    Dimensions

  • Lot Size Square Feet: 9,409
  • Total Building Area: 1,436
  • Gross Building Area: 2,112
  • Building Area: 1,436
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,436
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000216
  • 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: R40

Geography

  • Parcel: TIVE M:301 B:106
  • Block: 106
  • Municipality: TIVERTON
  • Latitude: 41.6442
  • Longitude: -71.2096

    Address

  • Full Address: 454 Riverside Dr
  • Address - House Number: 454
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Tiverton
  • Carrier Code: C005
  • 4-Digit Zip Code: 4211
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $731,400

    Appraisal Valuation

  • Standard Deviation: 0.2214
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 69
  • Final Value: 705,106
  • High Value: 861,235
  • Low Value: 548,977

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $490,900
  • Assessed Land Value: $291,000
  • Assessed Improvements Value: $199,900

    Sales

  • Current Sale Recording Date: Apr 16, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 20, 1996
  • Previous Sale Amount: $158,000
  • 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 Tiverton

Stats & Trends

Median Asking:

$459,900

Sale Price/ft²

$357

Below Asking

0.02%

Average Days on Market

46

Average Home Size

2555 ft²

Average Home Age

91 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71778759

Frequently Asked Questions

When was property at 454 Riverside Drive built and last sold?
The property at 454 Riverside Drive was built in 1911 and last sold on Jan 1, 1970 for $375,000.
How much is this home worth?
The estimated value of the home located at 454 Riverside Drive is $404,843.
What are some comparable homes to 454 Riverside Drive?
There are currently no comparable homes to 454 Riverside Drive.
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