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Photo of 56 Wood
Sold on May 28, 2025

28

Map

Photo of 56 Wood
Photo of 56 Wood
$420,000
● House - Off Market

56 Wood

Tiverton, RI
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,218 Ft²
$2,472
Est. Monthly

About This Property

This quaint 4 bedroom Cape is Move-In Ready in South Tiverton! Freshly painted throughout, with a mix of original hardwoods and new flooring, the laundry has been brought up to main floor for convenience and it has a BRAND NEW 4 BED SEPTIC SYSTEM!!! Vinyl sided and replacement windows with many additional mechanical updates over the last several years. Large outbuilding could be perfect studio or workshop space! Set on over 1/3 of an acre with partially fenced yard there is room to garden, let pets/children play and park boat/RV etc in the oversized driveway area! Make friends with neighbors and you might even have access to Sawdy Pond for summer fun!
Unit Size
1,218 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$361
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
-

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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: 2 years ago (MLSPIN #73347775)

Price History

Date / Event Date Event Price
May 28, 2025 Sold
Premium
Sold
May 14, 2025 In contract -
In contract
Mar 19, 2025 Listed $440,000
Listed

Property Highlights

Interior Details
Full Bathrooms: 1
Appliances: Water Heater, Tankless Water Heater, Refrigerator, Washer, Dryer
Flooring Type: Wood, Vinyl, Carpet, Hardwood
Laundry Features: Main Level, First Floor
Rooms: 6
Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
Exterior Details
Square Footage: 1218
Architectural Style: Cape
Year Built Source: Public Records
Year Built: 1955
Building Area Total: 1218
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lot Features: Cleared, Level
Lot Size Area: 0.38
Lot Size Units: Acres
Lot Size Acres: 0.38
Lot Size Square Feet: 16509
Tax Lot: 192
Water Source: Private
Financial Details
Tax Map Number: 515
Tax Assessed Value: $337,900
Tax Annual Amount: $3,734
Utilities Details
Cooling Type: None
Heating Type: Baseboard, Oil
Sewer : Private Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73347775
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