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Newport 02878
785 Bulgarmarsh Road
$190,000
● House - Off Market

785 Bulgarmarsh Road

Tiverton, RI 02878
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,056 Ft²
$313,062
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Situated on over 2/3 of an acre corner lot, this quaint country cottage has enormous potential.  The family room addition features hardwood floors, cathedral ceilings, a wood burning stove, and leads outdoors to a generously sized wrap around deck.   This family room is open to a formal dining area and the kitchen.  There is a 1/2 bath on the first level.   The original living room would work well as an office or den.  The second level consists of two decent sized bedrooms and a full bath.  Added bonuses are the updated bathrooms, heating system, and electrical system.    This property will not qualify for FHA financing.  It will require some work (roof, windows, and exterior paint).  There is a detached one car garage which Is in need of some TLC, as well.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$185
Property Type
House
Property Taxes
$262
HOA Dues
-
Year Built
1900

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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 #72169915)

Price History

Date / Event Date Event Price
Jun 30, 2017 Sold
Premium
Sold
May 24, 2017 Listed by Kokopelli Realty, LLC $195,000
Listed by Kokopelli Realty, LLC
Jan 13, 2011 Sold
Premium
Sold
Apr 29, 2010 Listed by Kokopelli Realty, LLC $145,000
Listed by Kokopelli Realty, LLC
Dec 3, 2009 Listed $169,900
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 7
  • Basement Area: 528
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,100
  • Total Building Area: 1,188
  • Gross Building Area: 2,456
  • Building Area: 1,188
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,188
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000691
  • 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: R60

Geography

  • Parcel: TIVE M:218 B:137
  • Block: 137
  • Municipality: TIVERTON
  • Latitude: 41.6255
  • Longitude: -71.1729

    Address

  • Full Address: 785 Bulgarmarsh Rd
  • Address - House Number: 785
  • Address - Street Name: Bulgarmarsh
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Tiverton
  • Carrier Code: R008
  • 4-Digit Zip Code: 3837
  • Zip Code: 02878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $347,200

    Appraisal Valuation

  • Standard Deviation: 0.2478
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 65
  • Final Value: 348,589
  • High Value: 434,977
  • Low Value: 262,201

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $233,000
  • Assessed Land Value: $92,900
  • Assessed Improvements Value: $140,100

    Sales

  • Current Sale Recording Date: Jun 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1736
  • Previous Sale Recording Date: Jan 13, 2011
  • Previous Sale Amount: $137,500
  • 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 Newport

Stats & Trends

Median Asking:

$559,900

Sale Price/ft²

$375

Below Asking

0.03%

Average Days on Market

72

Average Home Size

2624 ft²

Average Home Age

59 years

Currently For Sale

22 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72169915

Frequently Asked Questions

When was property at 785 Bulgarmarsh Road built and last sold?
The property at 785 Bulgarmarsh Road was built in 1900 and last sold on Jan 1, 1970 for $190,000.
How much is this home worth?
The estimated value of the home located at 785 Bulgarmarsh Road is $203,619.
What are some comparable homes to 785 Bulgarmarsh Road?
There are currently no comparable homes to 785 Bulgarmarsh Road.
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