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Newport 02878
55 Sheldon Street
$118,500
● House - Off Market

55 Sheldon Street

Tiverton, RI 02878
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$204,628
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

This sweet 2 bed ranch offers a nice open floor plan, some hardwood flooring under carpet and very large 1/2 acre lot, close to conveniences and highway access. Some more recent improvements have been made, roof and boiler look newer, exterior overall is in fair shape. Some additional work is required (currently fuses and cesspool) and will not pass conventional financing, rehab loan or cash neccessary. Sellers have new 2 bedroom septic designed and approved by RIDEM, installation will be Buyer's responsibility. Estate Sale, property is being sold As-Is.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$128
Property Type
House
Property Taxes
$237
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: 4 months ago (MLSPIN #72206881)

Price History

Date / Event Date Event Price
Nov 3, 2017 Sold
Premium
Sold
Jul 31, 2017 Listed by Century 21 Topsail Realty - Tiverton $129,000
Listed by Century 21 Topsail Realty - Tiverton

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • 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: 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: 896
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,043
  • Total Building Area: 1,280
  • Gross Building Area: 2,374
  • Building Area: 1,280
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,280
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000529
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Tiverton School District
  • School Tax School District: TIVERTON SD
  • Census Tract: 041701

Zoning

  • Zoning: R60

Geography

  • Parcel: TIVE M:203 B:224
  • Block: 224
  • Municipality: TIVERTON
  • Latitude: 41.6576
  • Longitude: -71.1505

    Address

  • Full Address: 55 Sheldon St
  • Address - House Number: 55
  • Address - Street Name: Sheldon
  • Address - Suffix Type: St
  • State: RI
  • City Name: Tiverton
  • Carrier Code: R006
  • 4-Digit Zip Code: 2326
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $353,300

    Appraisal Valuation

  • Standard Deviation: 0.2478
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 65
  • Final Value: 300,217
  • High Value: 374,617
  • Low Value: 225,817

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $237,100
  • Assessed Land Value: $95,300
  • Assessed Improvements Value: $141,800

    Sales

  • Current Sale Recording Date: Nov 03, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 3081
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 Newport

Stats & Trends

Median Asking:

$554,450

Sale Price/ft²

$375

Below Asking

0.03%

Average Days on Market

68

Average Home Size

2639 ft²

Average Home Age

55.4 years

Currently For Sale

21 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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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72206881

Frequently Asked Questions

When was property at 55 Sheldon Street built and last sold?
The property at 55 Sheldon Street was built in 1950 and last sold on Jan 1, 1970 for $118,500.
How much is this home worth?
The estimated value of the home located at 55 Sheldon Street is $142,117.
What are some comparable homes to 55 Sheldon Street?
There are currently no comparable homes to 55 Sheldon Street.
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