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Providence
503 Victory Hwy
$187,000
● House - Off Market

503 Victory Hwy

North Smithfield, RI 02896
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,552 Ft²
$431,590
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model

About This Property

Sprawling 4 bed ranch. Kitchen with breakfast island and open dining. Living room with fireplace and bay window offers abundant natural light. Hardwoods throughout. Outdoor entertainment design with inground pool, cabana, and stone fireplace. Roof, furnace, septic, drive way & windows under 5 years old.
Unit Size
1,552 Ft²
Days on Market
-
Land Size
0.87 acres
Price per sqft
$142
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1950

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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 months ago (MLSPIN #71472409)

Price History

Date / Event Date Event Price
Jun 28, 2018 Sold
Premium
Sold
Jun 28, 2013 Sold
Premium
Sold
Jan 15, 2013 Listed by Salzberg Real Estate $219,900
Listed by Salzberg Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 948
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 37,810
  • Total Building Area: 1,568
  • Gross Building Area: 3,492
  • Building Area: 1,568
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,568
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000868
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Providence School District
  • School Tax School District: NO SMITHFLD PS
  • Census Tract: 012801

Zoning

  • Zoning: RS

Geography

  • Account Number: 2612
  • Parcel: NSMI M:0002 L:0083
  • Lot: 83
  • Municipality: NORTH SMITHFIELD
  • Latitude: 42.006
  • Longitude: -71.5726

    Address

  • Full Address: 503 Victory Hwy
  • Address - House Number: 503
  • Address - Street Name: Victory
  • Address - Suffix Type: Hwy
  • State: RI
  • City Name: North Smithfield
  • Carrier Code: R003
  • 4-Digit Zip Code: 7713
  • Zip Code: 02896

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $420,200

    Appraisal Valuation

  • Standard Deviation: 0.1907
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 74
  • Final Value: 398,016
  • High Value: 473,934
  • Low Value: 322,098

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $294,900
  • Assessed Land Value: $78,200
  • Assessed Improvements Value: $216,700

    Sales

  • Current Sale Recording Date: Jun 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 28, 2013
  • Previous Sale Amount: $187,000
  • Previous Sale Document Type: 71
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:

$489,900

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

63

Average Home Size

2492 ft²

Average Home Age

67.3 years

Currently For Sale

106 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: 5 months ago
Data Source: MLS PIN, MLS# 71472409

Frequently Asked Questions

When was property at 503 Victory Highway built and last sold?
The property at 503 Victory Highway was built in 1950 and last sold on Jan 1, 1970 for $245,000.
How much is this home worth?
The estimated value of the home located at 503 Victory Highway is $229,062.
What are some comparable homes to 503 Victory Highway?
There are currently no comparable homes to 503 Victory Highway.
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