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281 Riverside Drive Tiverton

$650,000
3 1 1,131 sq ft

The Property

Stunning waterfront cottage, completely renovated with beautiful water views from nearly every room. Property provides direct access to the Sakonnet River for swimming, kayaking or paddle boarding. Coastal inspired renovation and thoughtful design offer unobstructed westerly views and spectacular sunsets. The kitchen boasts beautiful cabinetry, Viking stainless appliances and butcher block counter tops.

New windows throughout, built-ins for storage, gas fireplace, hardwood flooring and wood details all while maintaining the original character of this summer cottage. Other features include on-demand heat/hot water system, radiant heat throughout and septic system. The property is currently used as a short term rental with a net income of $54K, which includes management fee for the rentals. This is a truly unique, turnkey and income producing property. Fantastic opportunity to own a charming waterfront retreat.

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Listing Details

MLS Number

1242701

Lot Size:

0.06 acres

Features

  • Shingles
  • Fireplace: Gas
  • Heating: Radiant Heat
  • Heating Fuel: Gas
  • Waterview
  • Type: Cottage
  • Year Built: 1894
  • Water Amenities: Access, Ocean Front, Saltwater Front, Saltwater View

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Market Trends for Single Family Homes
in Tiverton

  • Overview
    Homes for Sale Today24-95% decrease in inventory
    New on Market *2025% increase in new listings
    Avg. Asking Price/Sq.Ft. *$421.97$76 increase in List Price/Sq.Ft.
    Avg. Sale Price *$567,040$106,151 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *101.72%8.5% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$381.37$76 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *816 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Gustave White Sotheby's Realty

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