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Pawtucket 02861
56 Arland Drive
$237,000
● House - Off Market

56 Arland Drive

Pawtucket, RI 02861
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,280 Ft²
$345,378
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Great property in quiet neighborhood of Pawtucket with 6 rooms, 3 bedrooms, 1.5 baths, 1 car garage, hard wood floors, partially fenced yard, Vinyl siding, insulated, newer gas water heater, heat and electric panel.
Unit Size
1,280 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$190
Property Type
House
Property Taxes
$359
HOA Dues
-
Year Built
1945

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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 #72600384)

Price History

Date / Event Date Event Price
Apr 3, 2020 Sold
Premium
Sold
Dec 12, 2019 Listed by Sankey Real Estate $242,900
Listed by Sankey Real Estate
Nov 21, 2014 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,880
  • Total Building Area: 1,280
  • Gross Building Area: 2,400
  • Building Area: 1,280
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,280
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000158
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pawtucket School District
  • School Tax School District: PAWTUCKET SD
  • Census Tract: 015700

Zoning

  • Zoning: RS

Geography

  • Account Number: 10088
  • Parcel: PAWT M:01 L:0088
  • Lot: 88
  • Municipality: PAWTUCKET
  • Latitude: 41.8926
  • Longitude: -71.3425

    Address

  • Full Address: 56 Arland Dr
  • Address - House Number: 56
  • Address - Street Name: Arland
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Pawtucket
  • Carrier Code: C031
  • 4-Digit Zip Code: 1504
  • Zip Code: 02861

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $411,600

    Appraisal Valuation

  • Standard Deviation: 0.1678
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 78
  • Final Value: 369,583
  • High Value: 431,626
  • Low Value: 307,540

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $243,000
  • Assessed Land Value: $83,700
  • Assessed Improvements Value: $159,300

    Sales

  • Current Sale Contract Date: Apr 03, 2020
  • Current Sale Recording Date: Apr 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21
  • Previous Sale Recording Date: Nov 21, 2014
  • Previous Sale Amount: $180,000
  • 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 Pawtucket

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2235 ft²

Average Home Age

95.2 years

Currently For Sale

10 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: 4 months ago
Data Source: MLS PIN, MLS# 72600384

Frequently Asked Questions

When was property at 56 Arland Drive built and last sold?
The property at 56 Arland Drive was built in 1945 and last sold on Apr 3, 2020 for $237,000.
How much is this home worth?
The estimated value of the home located at 56 Arland Drive is $252,055.
What are some comparable homes to 56 Arland Drive?
There are currently no comparable homes to 56 Arland Drive.
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