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Valley Falls 02864
50 Meadowcrest Drive
$300,000
● House - Off Market

50 Meadowcrest Drive

Cumberland, RI 02864
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,568 Ft²
$359,365
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Well Kept, 1 Level Living in Desirable Meadowcrest, Original Owners, Corner Lot, 2 Bed, 1 Bath, 1 Car Garage, Eat In Kitchen, Living Room, Hardwoods, Finished Basement with Large Family Room, Brand New Circuit Breakers, Gas Furnace apx 4 Years Old, New Driveway apx 5 Years Ago, Roof apx 2 ½ Years Old, Replacement Windows, Vinyl Siding, Garden Area, 8 x 12 Shed, Patio.  A Must See.  Call Today.
Unit Size
1,568 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$184
Property Type
House
Property Taxes
$299
HOA Dues
-
Year Built
1961

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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: 5 years ago (MLSPIN #72775417)

Price History

Date / Event Date Event Price
Mar 8, 2021 Sold
Premium
Sold
Jan 15, 2021 Listed by RE/MAX Town & Country $289,000
Listed by RE/MAX Town & Country

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,068
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,068
  • Gross Building Area: 2,748
  • Building Area: 1,068
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,068
  • Heating Fuel Type: 3

    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: Cumberland School District
  • School Tax School District: CUMBERLAND SD
  • Census Tract: 011301

Zoning

  • Zoning: R-1

Geography

  • Account Number: 1-0006-92
  • Parcel: CUMB M:016 B:0788 L:000
  • Block: 788
  • Municipality: CUMBERLAND
  • Latitude: 41.9211
  • Longitude: -71.4023

    Address

  • Full Address: 50 Meadowcrest Dr
  • Address - House Number: 50
  • Address - Street Name: Meadowcrest
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Cumberland
  • Carrier Code: C086
  • 4-Digit Zip Code: 6425
  • Zip Code: 02864

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $382,200

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 78
  • Final Value: 379,831
  • High Value: 443,664
  • Low Value: 315,998

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $328,900
  • Assessed Land Value: $140,100
  • Assessed Improvements Value: $188,800

    Sales

  • Current Sale Contract Date: Mar 05, 2021
  • Current Sale Recording Date: Mar 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 122233
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 Valley Falls

Stats & Trends

Median Asking:

$494,450

Sale Price/ft²

$296

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1977 ft²

Average Home Age

63.4 years

Currently For Sale

5 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72775417

Frequently Asked Questions

When was property at 50 Meadowcrest Drive built and last sold?
The property at 50 Meadowcrest Drive was built in 1961 and last sold on Mar 5, 2021 for $300,000.
How much is this home worth?
The estimated value of the home located at 50 Meadowcrest Drive is $298,751.
What are some comparable homes to 50 Meadowcrest Drive?
There are currently no comparable homes to 50 Meadowcrest Drive.
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