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Washington 02879
59 Community Drive
$450,000
● House - Off Market

59 Community Drive

South Kingstown, RI 02879
bedrooms
2 Beds
bathrooms
1 Bath
square feet
672 Ft²
$508,610
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Let's take a walk to the beach, is what you will say when you live here!  This Matunuck home is ready for it's new owner.  Features include hardwood floors throughout, 2 bedrooms, living room, eat-in kitchen & bath with shower.  The farmers porch is very inviting and the rear shed has an attached outdoor shower. The walk up attic can also be finished for additional living area.  Public water access in the neighborhood for boating and kayaking.  Enjoy all that Matunuck has to offer, fishing, surfing, swimming, restaurants & entertainment.
Unit Size
672 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$744
Property Type
House
Property Taxes
$369
HOA Dues
-
Year Built
1950

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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 #73078442)

Price History

Date / Event Date Event Price
Apr 7, 2023 Sold
Premium
Sold
Feb 26, 2023 In contract -
In contract
Feb 11, 2023 Listed by Right Choice Real Estate $499,900
Listed by Right Choice Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Total Building Area: 672
  • Gross Building Area: 1,537
  • Building Area: 672
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 672
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: South Kingstown School District
  • School Tax School District: SO KINGSTOWN PS
  • Census Tract: 051302

Zoning

  • Zoning: R20

Geography

  • Account Number: R-60-0712-43
  • Parcel: SKIN P:092-2 L:000088
  • Lot: 88
  • Municipality: SOUTH KINGSTOWN
  • Latitude: 41.3776
  • Longitude: -71.5477

    Address

  • Full Address: 59 Community Dr
  • Address - House Number: 59
  • Address - Street Name: Community
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Wakefield
  • Carrier Code: R010
  • 4-Digit Zip Code: 7027
  • Zip Code: 02879

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $446,800

    Appraisal Valuation

  • Standard Deviation: 0.1912
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 74
  • Final Value: 557,447
  • High Value: 664,041
  • Low Value: 450,853

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $404,300
  • Assessed Land Value: $282,000
  • Assessed Improvements Value: $122,300

    Sales

  • Current Sale Contract Date: Apr 07, 2023
  • Current Sale Recording Date: Apr 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 27660
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 Washington

Stats & Trends

Median Asking:

$1,130,000

Sale Price/ft²

$424

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1513 ft²

Average Home Age

46.3 years

Currently For Sale

4 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# 73078442

Frequently Asked Questions

When was property at 59 Community Drive built and last sold?
The property at 59 Community Drive was built in 1950 and last sold on Apr 7, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 59 Community Drive is $486,691.
What are some comparable homes to 59 Community Drive?
There are currently no comparable homes to 59 Community Drive.
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