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Providence 02864
47 Newell
$726,000
● House - Off Market

47 Newell

Cumberland, RI 02864
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,046 Ft²
$697,296
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Nature lover's paradise! Meticulously cared for this one floor pristine home has direct access to Rawson pond.Beautiful sunsets and water fowl  to view! Take your canoe for an amazing relaxing voyage to the Abbott Run!Open floor plan boasts sparkling hardwoods, traditional brick fireplace, updated kitchen and baths and sliders leading to large deck and manicured expansive lawn sweeping to water's edge. There is a possibility of extending living space to the second floor (suggested plans available)-State of the art  4 bedroom septic design-The lower level has 3 completed rooms including an exercise room and ,home office and laundry room.Located within minutes to local restaurants, shops and major highways-
Unit Size
2,046 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$342
Property Type
House
Property Taxes
$443
HOA Dues
-
Year Built
1962

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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: 6 months ago (MLSPIN #73161541)

Price History

Date / Event Date Event Price
Oct 30, 2023 Sold
Premium
Sold
Sep 25, 2023 In contract -
In contract
Sep 20, 2023 Listed by Residential Properties Ltd $699,900
Listed by Residential Properties Ltd
Oct 9, 2002 Sold
Premium
Sold
Jan 13, 2000 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,386
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,333
  • Total Building Area: 1,646
  • Gross Building Area: 4,032
  • Building Area: 1,646
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,646
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000352
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Cumberland School District
  • School Tax School District: CUMBERLAND SD
  • Census Tract: 011404

Zoning

  • Zoning: R-1

Geography

  • Account Number: 8642-64
  • Parcel: CUMB M:025 B:0174 L:000
  • Block: 174
  • Municipality: CUMBERLAND
  • Latitude: 41.9678
  • Longitude: -71.3868

    Address

  • Full Address: 47 Newell Dr
  • Address - House Number: 47
  • Address - Street Name: Newell
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Cumberland
  • Carrier Code: R002
  • 4-Digit Zip Code: 4260
  • Zip Code: 02864

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $531,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1825
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 76
  • Final Value: 607,480
  • High Value: 718,393
  • Low Value: 496,568

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $457,500
  • Assessed Land Value: $193,500
  • Assessed Improvements Value: $264,000

    Sales

  • Current Sale Contract Date: Oct 30, 2023
  • Current Sale Recording Date: Oct 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 141216
  • Previous Sale Recording Date: Oct 09, 2002
  • Previous Sale Amount: $358,000
  • 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 Providence

Stats & Trends

Median Asking:

$494,950

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2444 ft²

Average Home Age

68.9 years

Currently For Sale

110 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: 6 months ago
Data Source: MLS PIN, MLS# 73161541

Frequently Asked Questions

When was property at 47 Newell Drive built and last sold?
The property at 47 Newell Drive was built in 1962 and last sold on Oct 30, 2023 for $726,000.
How much is this home worth?
The estimated value of the home located at 47 Newell Drive is $704,116.
What are some comparable homes to 47 Newell Drive?
There are currently no comparable homes to 47 Newell Drive.
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