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Newport 02878
466 Neck Road
$550,000
● House - Off Market

466 Neck Road

Tiverton, RI 02878
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,570 Ft²
$980,993
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

Location! Location! Quality, built spacious home on private 3.3 acre site near bucolic Tiverton Four Corners.  Nice layout with first level bedroom, office study and wonderful family room addition.  3 car garage and small barn.  Close to beaches, wildlife sanctuary and salt marshes. Picturesque coastal setting.
Unit Size
2,570 Ft²
Days on Market
-
Land Size
3.06 acres
Price per sqft
$229
Property Type
House
Property Taxes
$686
HOA Dues
-
Year Built
1951

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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 #72036185)

Price History

Date / Event Date Event Price
Feb 21, 2017 Sold
Premium
Sold
Jul 11, 2016 Listed by Century 21 Topsail Realty - Tiverton $589,000
Listed by Century 21 Topsail Realty - Tiverton
Sep 6, 1989 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 133,294
  • Total Building Area: 2,570
  • Gross Building Area: 3,801
  • Building Area: 2,570
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,570
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003060
  • 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:801 B:106
  • Block: 106
  • Municipality: TIVERTON
  • Latitude: 41.5691
  • Longitude: -71.2025

    Address

  • Full Address: 466 Neck Rd
  • Address - House Number: 466
  • Address - Street Name: Neck
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Tiverton
  • Carrier Code: R002
  • 4-Digit Zip Code: 4012
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $811,800

    Appraisal Valuation

  • Standard Deviation: 0.196
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 73
  • Final Value: 933,144
  • High Value: 1,116,095
  • Low Value: 750,192

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $544,800
  • Assessed Land Value: $240,600
  • Assessed Improvements Value: $304,200

    Sales

  • Current Sale Recording Date: Feb 21, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 575
  • Previous Sale Recording Date: Sep 06, 1989
  • Previous Sale Amount: $335,000
  • 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# 72036185

Frequently Asked Questions

When was property at 466 Neck Road built and last sold?
The property at 466 Neck Road was built in 1951 and last sold on Jan 1, 1970 for $550,000.
How much is this home worth?
The estimated value of the home located at 466 Neck Road is $616,484.
What are some comparable homes to 466 Neck Road?
There are currently no comparable homes to 466 Neck Road.
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