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Providence
500 Great Rd.
$405,000
● House - Off Market

500 Great Rd.

Lincoln, RI 02865
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,151 Ft²
$747,678
RealtyHop Estimate
78.44%
Since Jul 1, 2005
National-US
Primary Model

About This Property

TAXES REFLECT HOMESTEAD EXEMPTION. IMPECCABLY CARED FOR. HAS 5 FIREPLACES, IN-LAW APARTMENT, 2 CAR GARAGE & SEPARATE BLDG. WITH HEAT/ELECTRIC.
Unit Size
3,151 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$133
Property Type
House
Property Taxes
$396
HOA Dues
-
Year Built
1750

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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 #70115575)

Price History

Date / Event Date Event Price
May 8, 2017 Sold
Premium
Sold
Jul 12, 2011 Sold
Premium
Sold
Aug 3, 2009 Listed by Residential Properties Ltd $230,000
Listed by Residential Properties Ltd
SAMUEL ARNOLD HOUSE. HISTORIC CHARM BUT UPDATED FOR MODERN LIVING. 4 FIREPLACES, 5 BEDS, 3.5 BATHS, WIDE PLANK FLOORING, UPDATED KITCHEN/FAMILY ROOM. FORMAL LIVING & DINING WITH FP. DEN, MASTER BATHROOM, POSSIBLE IN-LAW, GARAGES PLUS STUDIO/WORK.SUBJECT TO SHORT SALE APPROVAL.
Jun 10, 2005 Sold
Premium
Sold
Nov 9, 2004 Listed by Residential Properties Ltd $419,000
Listed by Residential Properties Ltd

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1750
  • Effective Year Built: 1750
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 888
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,809
  • Total Building Area: 3,151
  • Gross Building Area: 4,760
  • Building Area: 3,151
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,151
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000317
  • 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: 011702

Zoning

  • Zoning: RL9

Geography

  • Account Number: 19-23612-25
  • Parcel: LINC M:22 L:011.0 U:
  • Lot: 11.0
  • Municipality: LINCOLN
  • Latitude: 41.9035
  • Longitude: -71.4222

    Address

  • Full Address: 500 Great Rd
  • Address - House Number: 500
  • Address - Street Name: Great
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Lincoln
  • Carrier Code: R001
  • 4-Digit Zip Code: 3949
  • Zip Code: 02865

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $472,608

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 78
  • Final Value: 625,041
  • High Value: 729,599
  • Low Value: 520,483

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $442,000
  • Assessed Land Value: $149,900
  • Assessed Improvements Value: $292,100

    Sales

  • Current Sale Recording Date: May 08, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 12, 2011
  • Previous Sale Amount: $240,000
  • 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# 70115575

Frequently Asked Questions

When was property at 500 Great Road built and last sold?
The property at 500 Great Road was built in 1750 and last sold on Jan 1, 1970 for $330,000.
How much is this home worth?
The estimated value of the home located at 500 Great Road is $263,566.
What are some comparable homes to 500 Great Road?
There are currently no comparable homes to 500 Great Road.
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