For SaleRisky Deal103 days on market
137 Cove Point Rd E
137 Cove Point Rd E, Charlestown, RI 02813, Charlestown, RI 02813
$4,750,000
Estimate®:$4,315,900
Listing Price
137 Cove Point Rd E, Charlestown, RI 02813
Loc: Charlestown, RI
Days Listed
103
Tax Assessed
$4100k
Estimate®
$4316k
Market Rate
Lot Size
3.94 acres
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
Chariho Regional Middle School
5-8
7.1 mi away
10
Chariho High School
9-12
7.3 mi away
9
Charlestown Elementary School
K-4
7.9 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
coastalshingle-stylewaterviewscreened-in porchraised foundationluxurysecludedwood sidingcedar shakestone basemulti-level deckwaterfrontwooded settingtraditionalestate
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.72%
Total ROI
83.2%
Cash Flow
$-1,999/mo
DSCR
0.92
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,999/mo net cash flow with a 5.7% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.7%)
- • Strong rental demand in Charlestown
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-06-13 | Listed for sale | $4,750,000 | $1,056 |
| 2026-06-12 | Listing removed | $4,950,000 | $1,100 |
| 2026-03-13 | Listed for sale | $4,950,000 | $1,100 |
| 2026-02-02 | Listing removed | $5,595,000 | $1,243 |
| 2025-09-16 | Listed for sale | $5,595,000 | $1,243 |
| 2025-09-16 | Listing removed | $5,595,000 | $1,243 |
| 2025-06-11 | Listed for sale | $5,595,000 | $1,243 |
| 2002-05-29 | Sold | $762,000 | $169 |
| 1998-08-11 | Sold | $265,000 | $59 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $24,310 | $4,099,500 |
| 2024 | $23,695 | $4,099,500 |
| 2023 | $23,531 | $4,099,500 |
| 2022 | $20,878 | $2,555,500 |
| 2021 | $20,904 | $2,555,500 |
| 2020 | $21,032 | $2,555,500 |
| 2019 | $22,552 | $2,443,300 |
| 2018 | $23,553 | $2,443,300 |
| 2017 | $23,431 | $2,443,300 |
| 2016 | $23,245 | $2,276,700 |
| 2015 | $22,972 | $2,272,200 |
| 2014 | $22,495 | $2,272,200 |
| 2013 | $21,210 | $2,242,100 |
| 2012 | $20,852 | $2,242,100 |
| 2011 | $20,313 | $2,242,100 |
| 2010 | $19,105 | $2,554,200 |
| 2009 | $19,003 | $2,554,200 |
| 2008 | $18,288 | $2,554,200 |
| 2007 | $19,413 | $2,585,000 |
| 2006 | $17,578 | $2,585,000 |
| 2004 | $4,739 | $376,400 |
| 2003 | $3,338 | $279,300 |
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