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East Providence 02915
55 Sumach Ave
$312,600
● House - Off Market

55 Sumach Ave

East Providence, RI 02915
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,988 Ft²
$482,269
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

Meticulously Maintained & Spacious 3 Bed, 2 Bath Raised Ranch Offering 2,000sf of Living Area! This Lovely Home Features 2 Newer Kitchens with Beautiful Granite Countertops, Tile Backsplash & Stainless Steel Appliances, Open Floor Plan, Gleaming Hardwoods, Central Air, Navien On-Demand Gas Heating System, French Doors leading to the Composite Rear Deck, Architectural Roof Shingles, Garage, Fenced Yard with an Extra Large Shed & Inground Sprinklers!
Unit Size
1,988 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$163
Property Type
House
Property Taxes
$353
HOA Dues
-
Year Built
1964

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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 #72421822)

Price History

Date / Event Date Event Price
Apr 12, 2019 Sold
Premium
Sold
Nov 8, 2018 Listed by The Mello Group, Inc. $325,000
Listed by The Mello Group, Inc.
Feb 5, 1987 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 2
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,401
  • Total Building Area: 1,988
  • Gross Building Area: 3,084
  • Building Area: 1,988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,988
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000124
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: East Providence School District
  • School Tax School District: EAST PROVIDENCE
  • Census Tract: 010502

Zoning

  • Zoning: R3

Geography

  • Account Number: 61-1244-83
  • Parcel: EPRO M:309 B:07 L:004 U:
  • Block: 7
  • Lot: 4
  • Municipality: EAST PROVIDENCE
  • Latitude: 41.7961
  • Longitude: -71.361

    Address

  • Full Address: 55 Sumach Ave
  • Address - House Number: 55
  • Address - Street Name: Sumach
  • Address - Suffix Type: Ave
  • State: RI
  • City Name: Riverside
  • Carrier Code: C003
  • 4-Digit Zip Code: 3721
  • Zip Code: 02915

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $495,300

    Appraisal Valuation

  • Standard Deviation: 0.18
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 76
  • Final Value: 422,410
  • High Value: 498,456
  • Low Value: 346,365

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $335,600
  • Assessed Land Value: $100,300
  • Assessed Improvements Value: $235,300

    Sales

  • Current Sale Contract Date: Apr 12, 2019
  • Current Sale Recording Date: Apr 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201900001869
  • Previous Sale Recording Date: Feb 05, 1987
  • Previous Sale Amount: $125,000
  • 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 East Providence

Stats & Trends

Median Asking:

$509,900

Sale Price/ft²

$304

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1356 ft²

Average Home Age

58 years

Currently For Sale

6 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# 72421822

Frequently Asked Questions

When was property at 55 Sumach Avenue built and last sold?
The property at 55 Sumach Avenue was built in 1964 and last sold on Apr 12, 2019 for $312,600.
How much is this home worth?
The estimated value of the home located at 55 Sumach Avenue is $346,678.
What are some comparable homes to 55 Sumach Avenue?
There are currently no comparable homes to 55 Sumach Avenue.
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