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Westerly 02891
5 Havens Road
Listing Courtesy of: Jennifer Coles, Coldwell Banker Realty
$255,500
● House - Off Market

5 Havens Road

Westerly, Rhode Island 02891
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,071 Ft²
$1,424
Est. Monthly
8.79%
Cap Rate

About This Property

Investors and Flippers take notice! Two dwellings on almost an acre of secluded, partially wooded land just minutes from I-95. The main house is a 2 bed, 1 bath home built in 1890 and the second home is approximately 30 yards away, built in 1974 and is a 3 bed, 1 bath, above an oversized two-car garage. Both dwellings need to be rehabbed but they have good bones and some updates: Roof and chimney 2017. New Well Pump & Tank, Hot Air Furnace 2018. Live in one home and rent out the other!   Property in Probate, no challenges.  (square footage on listing is on main house only, does not include second dwelling)
Unit Size
1,071 Ft²
Days on Market
-
Land Size
0.99 acres
Price per sqft
$239
Property Type
House
Property Taxes
$169
HOA Dues
-
Year Built
-

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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: 2 years ago (Smart MLS #24061653)

Price History

Date / Event Date Event Price
Dec 16, 2024 Sold
Premium
Sold
Dec 4, 2024 In contract -
In contract
Nov 24, 2024 Listed by Coldwell Banker Realty $250,000
Listed by Coldwell Banker Realty

Property Highlights

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,049
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000988
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

  • School District Name: Westerly School District
  • School Tax School District: WESTERLY PS
  • Census Tract: 050901

Geography

  • Account Number: 1018500
  • Parcel: WEST M:1 B:10
  • Block: 10
  • Municipality: WESTERLY
  • Latitude: 41.4157
  • Longitude: -71.8197

    Address

  • Full Address: 5 Havens Rd
  • Address - House Number: 5
  • Address - Street Name: Havens
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Westerly
  • Carrier Code: R004
  • 4-Digit Zip Code: 1119
  • Zip Code: 02891

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $238,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1547
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 80
  • Final Value: 347,874
  • High Value: 401,708
  • Low Value: 294,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $248,000
  • Assessed Land Value: $167,800
  • Assessed Improvements Value: $80,200
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 Westerly

Stats & Trends

Median Asking:

$1,235,000

Sale Price/ft²

$559

Above Asking

0.00%

Average Days on Market

51

Average Home Size

1166 ft²

Average Home Age

50.8 years

Currently For Sale

0 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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SMART

Listed by: Jennifer Coles
Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: Smart MLS, MLS# 24061653
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 5 Havens Road built and last sold?
The property at 5 Havens Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5 Havens Road is $0.
What are some comparable homes to 5 Havens Road?
There are currently no comparable homes to 5 Havens Road.
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