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Newport 02878
67 Terra Verde Drive
$43,333
● Land - Off Market

67 Terra Verde Drive

Tiverton, RI 02878
bedrooms
Studio
bathrooms
0 Bath
$109,567
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

TIVERTON. Three Prime Wooded Home Sites in an upscale area of distinctive homes. Incredible opportunity to become part of a desirable growing community.  Lots are 18,000sf to 19,000sf and have natural gas and town water available.  Perc and water table tests included. $110,000
Unit Size
-
Days on Market
-
Land Size
0.42 acres
Price per sqft
-
Property Type
Land
Property Taxes
$85
HOA Dues
-
Year Built
2018

Payment Calculator

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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 #71994439)

Price History

Date / Event Date Event Price
Sep 14, 2016 Sold
Premium
Sold
Apr 26, 2016 Listed by Goodrow Realty Group $64,900
Listed by Goodrow Realty Group
Feb 4, 2015 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,854
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,252
  • Total Building Area: 1,854
  • Gross Building Area: 4,811
  • Building Area: 1,854
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,854
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000419
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Tiverton School District
  • School Tax School District: TIVERTON SD
  • Census Tract: 041702

Zoning

  • Zoning: R80

Geography

  • Parcel: TIVE M:513 B:203
  • Block: 203
  • Municipality: TIVERTON
  • Latitude: 41.6185
  • Longitude: -71.154

    Address

  • Full Address: 67 Terra Verde Dr
  • Address - House Number: 67
  • Address - Street Name: Terra Verde
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Tiverton
  • Carrier Code: R005
  • 4-Digit Zip Code: 3238
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $686,600

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 738,151
  • High Value: 868,793
  • Low Value: 607,509

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $460,800
  • Assessed Land Value: $100,300
  • Assessed Improvements Value: $360,500

    Sales

  • Current Sale Recording Date: Sep 14, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2580
  • Previous Sale Recording Date: Feb 04, 2015
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: 34
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:

$579,950

Sale Price/ft²

$377

Below Asking

0.03%

Average Days on Market

72

Average Home Size

2590 ft²

Average Home Age

52.1 years

Currently For Sale

20 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: 6 months ago
Data Source: MLS PIN, MLS# 71994439

Frequently Asked Questions

When was property at 67 Terra Verde Drive built and last sold?
The property at 67 Terra Verde Drive was built in 2018 and last sold on Jan 1, 1970 for $43,333.
How much is this home worth?
The estimated value of the home located at 67 Terra Verde Drive is $65,549.
What are some comparable homes to 67 Terra Verde Drive?
There are currently no comparable homes to 67 Terra Verde Drive.
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