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Providence 02864
7 Hereford Dr
$395,000
● House - Off Market

7 Hereford Dr

Cumberland, RI 02864
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,400 Ft²
$760,225
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Why wait for new construction? Move- in- ready spacious colonial with gleaming hardwoods and freshly painted interior and exterior awaits your view-Available immediately! Walk out finished lower level adds another approximate 400 sq feet not included in above grade calculation-Kitchen with granite counter tops and stainless appliances opens into a large family room with gas fireplace and cathedral ceilings.There is a separate laundry room on the first floor. The deck is covered -making it easy to barbecue in all kinds of weather.Nicely manicured back yard offers a great space for recreation. Minutes to major highways,
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$170
Property Type
House
Property Taxes
$530
HOA Dues
-
Year Built
2000

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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 #71672921)

Price History

Date / Event Date Event Price
Jun 23, 2014 Sold
Premium
Sold
May 1, 2014 Listed by Residential Properties Ltd $409,000
Listed by Residential Properties Ltd
Jul 29, 2003 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,368
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Total Building Area: 2,400
  • Gross Building Area: 4,364
  • Building Area: 2,400
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,400
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000300
  • 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: 011404

Zoning

  • Zoning: R-1

Geography

  • Account Number: 9112-98
  • Parcel: CUMB M:024 B:0404 L:000
  • Block: 404
  • Municipality: CUMBERLAND
  • Latitude: 41.9571
  • Longitude: -71.3933

    Address

  • Full Address: 7 Hereford Dr
  • Address - House Number: 7
  • Address - Street Name: Hereford
  • Address - Suffix Type: Dr
  • State: RI
  • City Name: Cumberland
  • Carrier Code: C094
  • 4-Digit Zip Code: 4737
  • Zip Code: 02864

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $713,200

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 78
  • Final Value: 646,259
  • High Value: 754,867
  • Low Value: 537,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $613,800
  • Assessed Land Value: $191,300
  • Assessed Improvements Value: $422,500

    Sales

  • Current Sale Recording Date: Jun 23, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 72655
  • Previous Sale Recording Date: Jul 29, 2003
  • Previous Sale Amount: $393,000
  • Previous Sale Document Type: 27

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71672921

Frequently Asked Questions

When was property at 7 Hereford Drive built and last sold?
The property at 7 Hereford Drive was built in 2000 and last sold on Jan 1, 1970 for $395,000.
How much is this home worth?
The estimated value of the home located at 7 Hereford Drive is $427,321.
What are some comparable homes to 7 Hereford Drive?
There are currently no comparable homes to 7 Hereford Drive.
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