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Newport 02878
4588 Main Rd
$455,000
● House - Off Market

4588 Main Rd

Tiverton, RI 02878
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,141 Ft²
$473,558
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Look at all this Charm! This Well cared for 1920's Home is set on the Last Lot in Tiverton on Main Road, abutting Little Compton on one side and a vacant lot on the other. The First floor has a great flow to it. Nice Hardwoods in the Sunny Living & Dining room. The Gorgeous Country Kitchen offers ample Cabinet & Counter space with a back door stepping out to the deck! Lovely First floor Laundry room, Plus Unique wood work and beams throughout! The Master Bed is Upstairs plus an additional Bedroom or Large Office! The back yard offers a great spot for Entertaining & Privacy. Currently fully fenced to host the families farm pets, with a small barn featuring Water & Electric. Plus an Additional Garden/Toy shed & a Carport! Too much to list, Whole House Propane Generator & Central Air.
Unit Size
1,141 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$412
Property Type
House
Property Taxes
$317
HOA Dues
-
Year Built
1928

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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 #72958956)

Price History

Date / Event Date Event Price
May 20, 2022 Sold
Premium
Sold
Mar 29, 2022 Listed by Safe Harbor Realty $469,900
Listed by Safe Harbor Realty
Jul 2, 2003 Sold
Premium
Sold
Dec 1, 1999 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • 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: 572
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,594
  • Total Building Area: 1,141
  • Gross Building Area: 2,336
  • Building Area: 1,141
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,141
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000358
  • 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: 041702

Zoning

  • Zoning: R80

Geography

  • Parcel: TIVE M:809 B:114
  • Block: 114
  • Municipality: TIVERTON
  • Latitude: 41.5488
  • Longitude: -71.1963

    Address

  • Full Address: 4588 Main Rd
  • Address - House Number: 4588
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Tiverton
  • Carrier Code: R002
  • 4-Digit Zip Code: 4839
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $397,100

    Appraisal Valuation

  • Standard Deviation: 0.198
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 73
  • Final Value: 476,710
  • High Value: 571,131
  • Low Value: 382,289

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $266,500
  • Assessed Land Value: $109,500
  • Assessed Improvements Value: $157,000

    Sales

  • Current Sale Contract Date: May 20, 2022
  • Current Sale Recording Date: May 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1707
  • Previous Sale Recording Date: Jul 02, 2003
  • Previous Sale Amount: $40,000
  • Previous Sale Document Type: 27
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72958956

Frequently Asked Questions

When was property at 4588 Main Road built and last sold?
The property at 4588 Main Road was built in 1928 and last sold on May 20, 2022 for $455,000.
How much is this home worth?
The estimated value of the home located at 4588 Main Road is $471,482.
What are some comparable homes to 4588 Main Road?
There are currently no comparable homes to 4588 Main Road.
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