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Providence
85 Old River Rd
$185,000
● House - Off Market

85 Old River Rd

Lincoln, RI 02865
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,104 Ft²
$265,099
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Estate Sale! Two Bedroom One and a Half Bath Cape in Lincoln. Possible Expansion in Walk-Up Attic. Two Car Garage, Breezeway, Rear Deck, Half Acre Lot, Walk-out Basement. Tons of Potential. Sold Where-Is, As-Is Personal Belongs in the Home to Remain. Taxes Reflect 35% Homestead Exemption. Subject to Probate Court and Lien Holders Approval of Short Sale. View 360 Tour Attached or https://tinyurl.com/ya5qcpqo Call Today!
Unit Size
2,104 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$95
Property Type
House
Property Taxes
$291
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: 5 months ago (MLSPIN #72653580)

Price History

Date / Event Date Event Price
Aug 20, 2021 Sold
Premium
Sold
Jan 8, 2021 Sold
Premium
Sold
Nov 16, 2020 Sold
Premium
Sold
May 8, 2020 Listed by RE/MAX Town & Country $200,000
Listed by RE/MAX Town & Country

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • 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: 19
  • 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: 936
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,956
  • Total Building Area: 1,944
  • Gross Building Area: 4,592
  • Building Area: 1,944
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,944
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000527
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lincoln School District
  • School Tax School District: LINCOLN PS
  • Census Tract: 011600

Zoning

  • Zoning: RS12

Geography

  • Account Number: 20-18426-25
  • Parcel: LINC M:29 L:128.0 U:
  • Lot: 128.0
  • Municipality: LINCOLN
  • Latitude: 41.928
  • Longitude: -71.437

    Address

  • Full Address: 85 Old River Rd
  • Address - House Number: 85
  • Address - Street Name: Old River
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Lincoln
  • Carrier Code: R004
  • 4-Digit Zip Code: 1309
  • Zip Code: 02865

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $459,991

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 78
  • Final Value: 512,168
  • High Value: 597,844
  • Low Value: 426,491

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $430,200
  • Assessed Land Value: $148,200
  • Assessed Improvements Value: $282,000

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Aug 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4028
  • Previous Sale Recording Date: Jan 08, 2021
  • Previous Sale Contract Date: Jan 05, 2021
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: 33
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:

$489,900

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

63

Average Home Size

2480 ft²

Average Home Age

67.5 years

Currently For Sale

108 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: 5 months ago
Data Source: MLS PIN, MLS# 72653580

Frequently Asked Questions

When was property at 85 Old River Road built and last sold?
The property at 85 Old River Road was built in 1950 and last sold on Aug 20, 2021 for $375,000.
How much is this home worth?
The estimated value of the home located at 85 Old River Road is $219,799.
What are some comparable homes to 85 Old River Road?
There are currently no comparable homes to 85 Old River Road.
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