$370,000

8 Beds   2 Baths   3,415 Sq. Ft.   Single-Family
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Old North Rd
Kingston, RI 02881

Potential Profit

$213,174

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Status: Inactive
Listing ID: 57929646

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Property Information

  • Price: $370,000
  • Bedrooms: 8
  • Bathrooms: 2
  • Full Baths: 2
  • Living Area Size: 3,415
  • Basement: Yes
  • Total Square Feet: 3,415
  • Lot Size: 0.97 acres
  • Fireplace: Yes
  • Heating Type: Baseboard
  • Year Built: 1853
  • Comments: Listing Status: Pending
  • Source ID: 1290093
  • Day(s) On Site: 93
  • Property Type: Single Family Dwelling
  •  

Potential Home Value

This property has untapped potential!

Current Value
$370,000
Potential Value
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Public Records

  • Bedrooms: 5
  • Baths: 2
  • Full Baths: 2
  • Rooms: 13
  • No. of Stories: 2
  • Fireplaces: YES
  • Exterior Wall Type: WOOD SIDING/SHINGLE
  • Heating Type: STEAM
  • Roof Material: ASPHALT SHINGLE
  • Roof Type: GABLE
  • Land Area Sqft: 42,689
  • Year Built: 1853
  • APN: SKIN-002404-000000-000028
  • Property Type: Single Family Residence
  • Living Sqft: 3,415
  • Style: COLONIAL

Short Sale

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

First Steps to Buying a Short Sale

Short sales often present opportunities for real estate investors to purchase property at below market prices. A short sale occurs when the mortgage lender on a property agrees to give a release for less than the amount owed on the loan. This usually occurs when the loan on the property becomes delinquent and is headed toward foreclosure. An alert property owner who knows he is facing foreclosure is well advised to keep an open line of communication with his lender. And the lender is well advised to keep an open mind to the consequences of a loan default and the benefits of agreeing to a short sale. When the lender and property owner can agree on a short sale price, the owner can advertise that the property is a short sale and can list it accordingly. Such listings attract a lot of attention and can expedite the sale of the property.

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Rental Value

The estimated rental value for Old North Rd located in Kingston, RI is $2,120/month. Comparable homes around Old North Rd that are rentals have monthly ranges starting as low as $1,800 per month and as high as $2,440 per month. An owner looking to use this property as an investment could bring a return in the area of $1,800 - $2,440 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

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Old North Rd
Kingston, RI 02881

8 Beds   2 Baths   3,415 sq. ft.   Single-Family

$370,000

Status: Inactive Listing ID: 57929646

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Old-North-Rd-Kingston-RI-02881/57929646_lid

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