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Providence 02864
59 Orchard
Photo of 59 Orchard
Sold on Aug 25, 2006

1

Map

$336,000
● House - Off Market

59 Orchard

Cumberland, RI 02864
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,628 Ft²
$583,392
RealtyHop Estimate
68.66%
Since Sep 1, 2006
National-US
Primary Model

About This Property

UNIQUE 3 BED 1 1/2 BATHRANCH A GREAT FAMILY HOME ON DEAD END STREET, HUGE FAMILY ROOM WITH VAULTED CIELING AND SKYLIIGHTS ABUTS MONASTERY PROPERTY A TOWN PARK,DON'T MIS THIS ONE.
Unit Size
1,628 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$212
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1965

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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: 6 months ago (MLSPIN #70423656)

Price History

Date / Event Date Event Price
Jul 15, 2020 Sold
Premium
Sold
Aug 25, 2006 Sold
Premium
Sold
Jul 14, 2006 Listed $345,900
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 1,040
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,505
  • Total Building Area: 1,628
  • Gross Building Area: 3,646
  • Building Area: 1,628
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,628
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000333
  • 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: 9990-62
  • Parcel: CUMB M:022 B:0047 L:000
  • Block: 47
  • Municipality: CUMBERLAND
  • Latitude: 41.9454
  • Longitude: -71.4114

    Address

  • Full Address: 59 Orchard Dr
  • Address - House Number: 59
  • Address - Street Name: Orchard
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Cumberland
  • Carrier Code: R006
  • 4-Digit Zip Code: 5116
  • Zip Code: 02864

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $503,600

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 78
  • Final Value: 475,087
  • High Value: 554,929
  • Low Value: 395,245

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $433,400
  • Assessed Land Value: $156,200
  • Assessed Improvements Value: $277,200

    Sales

  • Current Sale Contract Date: Dec 31, 2019
  • Current Sale Recording Date: Jul 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 115507
  • Previous Sale Recording Date: Aug 25, 2006
  • Previous Sale Amount: $336,000
  • Previous Sale Document Type: 27
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:

$494,950

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2444 ft²

Average Home Age

68.9 years

Currently For Sale

110 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70423656

Frequently Asked Questions

When was property at 59 Orchard Drive built and last sold?
The property at 59 Orchard Drive was built in 1965 and last sold on Dec 31, 2019 for $377,000.
How much is this home worth?
The estimated value of the home located at 59 Orchard Drive is $355,441.
What are some comparable homes to 59 Orchard Drive?
There are currently no comparable homes to 59 Orchard Drive.
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