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Newport
56 Indian Road
$461,000
● House - Off Market

56 Indian Road

Little Compton, RI 02837
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,912 Ft²
$848,340
RealtyHop Estimate
84.82%
Since Mar 1, 2015
National-US
Primary Model

About This Property

Spacious home in private association w/views & deeded access to the ocean!  Walking distance to South Shore/Goosewing Beach. 1,912 sq ft with three bedrooms & two bathrooms.  Open floor plan with skylight, cathedral ceilings, and pine floors on main level.  Brick fireplace.  Year round or summer home.  Full, finished walk-out basement with integral 1 car garage.  Wood deck on 2nd floor provides expansive views of the Atlantic Ocean & Beach. Buyer to pay LCAT.
Unit Size
1,912 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$240
Property Type
House
Property Taxes
$225
HOA Dues
$100
Year Built
1987

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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 #71459923)

Price History

Date / Event Date Event Price
Feb 19, 2015 Sold
Premium
Sold
Nov 26, 2012 Listed by Keller Williams Realty of Newport $459,000
Listed by Keller Williams Realty of Newport

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 17
  • 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: 9
  • Basement Area: 792
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,315
  • Total Building Area: 1,056
  • Gross Building Area: 2,504
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000283
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Little Compton School District
  • School Tax School District: LITTLE CMPTN SD
  • Census Tract: 041400

Geography

  • Account Number: 16-0006-00
  • Parcel: LCOM M:33 L:189
  • Lot: 189
  • Municipality: LITTLE COMPTON
  • Latitude: 41.4895
  • Longitude: -71.1436

    Address

  • Full Address: 56 Indian Rd
  • Address - House Number: 56
  • Address - Street Name: Indian
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Little Compton
  • Carrier Code: R001
  • 4-Digit Zip Code: 2111
  • Zip Code: 02837

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $293,400

    Appraisal Valuation

  • Standard Deviation: 0.1885
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 75
  • Final Value: 946,345
  • High Value: 1,124,792
  • Low Value: 767,898

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $591,600
  • Assessed Land Value: $384,300
  • Assessed Improvements Value: $207,300

    Sales

  • Current Sale Recording Date: Feb 19, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 74
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:

$559,900

Sale Price/ft²

$375

Below Asking

0.03%

Average Days on Market

72

Average Home Size

2624 ft²

Average Home Age

59 years

Currently For Sale

22 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# 71459923

Frequently Asked Questions

When was property at 56 Indian Road built and last sold?
The property at 56 Indian Road was built in 1987 and last sold on Jan 1, 1970 for $461,000.
How much is this home worth?
The estimated value of the home located at 56 Indian Road is $476,969.
What are some comparable homes to 56 Indian Road?
There are currently no comparable homes to 56 Indian Road.
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