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Providence 02864
585 Mendon Rd
$285,000
● House - Off Market

585 Mendon Rd

Cumberland, RI 02864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,260 Ft²
$410,784
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Come and take a look at this stunning 3 bedroom 2 bath home, with beautiful hardwoods through out, an amazing kitchen with carrara marble stainless steel appliances,wood burning fireplace,and an  exterior to be enjoyed. This home is absolutely beautiful from the inside out.
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$238
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1954

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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 #72681886)

Price History

Date / Event Date Event Price
Sep 1, 2020 Sold
Premium
Sold
Jun 27, 2020 Listed by Amaral & Associates RE $299,900
Listed by Amaral & Associates RE
Mar 17, 2017 Sold
Premium
Sold

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • 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: 0
  • 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: 9
  • Basement Area: 720
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 1,260
  • Gross Building Area: 2,469
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Cumberland School District
  • School Tax School District: CUMBERLAND SD
  • Census Tract: 011301

Zoning

  • Zoning: R-1

Geography

  • Account Number: 9992-11
  • Parcel: CUMB M:014 B:0009 L:000
  • Block: 9
  • Municipality: CUMBERLAND
  • Latitude: 41.9227
  • Longitude: -71.4109

    Address

  • Full Address: 585 Mendon Rd
  • Address - House Number: 585
  • Address - Street Name: Mendon
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Cumberland
  • Carrier Code: C097
  • 4-Digit Zip Code: 6221
  • Zip Code: 02864

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $387,100

    Appraisal Valuation

  • Standard Deviation: 0.1678
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 78
  • Final Value: 405,112
  • High Value: 473,119
  • Low Value: 337,104

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $333,100
  • Assessed Land Value: $141,500
  • Assessed Improvements Value: $191,600

    Sales

  • Current Sale Contract Date: Aug 31, 2020
  • Current Sale Recording Date: Sep 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 116854
  • Previous Sale Recording Date: Mar 17, 2017
  • Previous Sale Amount: $128,625
  • 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 Providence

Stats & Trends

Median Asking:

$489,900

Sale Price/ft²

$274

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2509 ft²

Average Home Age

69.5 years

Currently For Sale

102 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# 72681886

Frequently Asked Questions

When was property at 585 Mendon Road built and last sold?
The property at 585 Mendon Road was built in 1954 and last sold on Aug 31, 2020 for $285,000.
How much is this home worth?
The estimated value of the home located at 585 Mendon Road is $305,529.
What are some comparable homes to 585 Mendon Road?
There are currently no comparable homes to 585 Mendon Road.
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