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Providence
481 River Road
$275,000
● House - Off Market

481 River Road

Lincoln, RI 02865
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,076 Ft²
$417,211
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Well maintained three bedroom ranch with ideal in-law set up in lower level.  Beautiful newer kitchen cabinets w/granite countertop.   Kitchen opens to the dining room.  Hardwood floors in the bedrooms and dining room.    Remodeled bathroom with wainscoting.  Lower level offers plenty of room for the extended family.  Fully finished the lower level has a family room, office with closet, den, full bath, laundry room, and walk out to a patio overlooking a  private wooded  fenced in yard, upper deck and shed.
Unit Size
2,076 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$132
Property Type
House
Property Taxes
$321
HOA Dues
-
Year Built
1957

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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 #72413658)

Price History

Date / Event Date Event Price
Nov 29, 2018 Sold
Premium
Sold
Oct 21, 2018 Listed by Keller Williams Elite $274,900
Listed by Keller Williams Elite
Sep 23, 2016 Sold
Premium
Sold
Apr 28, 2016 Sold
Premium
Sold
Dec 8, 2015 Listed by Keller Williams Elite $169,900
Listed by Keller Williams Elite

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 1,038
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,038
  • Gross Building Area: 2,624
  • Building Area: 1,038
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,038
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lincoln School District
  • School Tax School District: LINCOLN PS
  • Census Tract: 011701

Zoning

  • Zoning: RS12

Geography

  • Account Number: 7-32462-18
  • Parcel: LINC M:21 L:031.0 U:
  • Lot: 31.0
  • Municipality: LINCOLN
  • Latitude: 41.9194
  • Longitude: -71.423

    Address

  • Full Address: 481 River Rd
  • Address - House Number: 481
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Lincoln
  • Carrier Code: C007
  • 4-Digit Zip Code: 1425
  • Zip Code: 02865

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $303,988

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 78
  • Final Value: 354,687
  • High Value: 414,019
  • Low Value: 295,354

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $284,300
  • Assessed Land Value: $121,400
  • Assessed Improvements Value: $162,900

    Sales

  • Current Sale Contract Date: Nov 28, 2018
  • Current Sale Recording Date: Nov 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 23, 2016
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: O
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:

$499,000

Sale Price/ft²

$272

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2487 ft²

Average Home Age

67.6 years

Currently For Sale

104 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

Currently no nearby rentals
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72413658

Frequently Asked Questions

When was property at 481 River Road built and last sold?
The property at 481 River Road was built in 1957 and last sold on Nov 28, 2018 for $275,000.
How much is this home worth?
The estimated value of the home located at 481 River Road is $304,357.
What are some comparable homes to 481 River Road?
There are currently no comparable homes to 481 River Road.
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