NOT LISTED FOR SALE

1 Granada Terrace Middletown, RI 02842

Newport East Neighborhood

Estimated Value: $700,000 - $795,000

3 Beds
3 Baths
2,119 Sq Ft
$358/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $670,000 $316 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,696/month

12 Days on Market

Highlights

  • Golf Course Community
  • Attic
  • Corner Lot
  • Wood Flooring
  • 2 Fireplaces
  • 2-minute walk to Linden Park

About This Home

As of February 2024

Charming split-level home offering a harmonious blend of comfort and convenience. This corner-lot gem features a sun-filled main level with a spacious living room, open dining area, updated kitchen with deck access, and two bedrooms including a master with en-suite bath. The lower level presents tons of flexibility with an additional living space, a third bedroom that could serve as a home office, and an additional bathroom. Central air throughout, 3-zone heating system, and tankless water heater! Off the lower level you have the convenience of an attached two-car garage with plentiful storage. Outside, enjoy two patios set within a private, landscaped yard.
This well-maintained home is close to Newport attractions and local schools, making it ideal for both year-round living and as a vacation retreat. A turn-key property waiting to welcome you home. All offers due Monday, 1/15/25 by 5PM.

Last Agent to Sell the Property

Jason Saphire

www.HomeZu.com License #REB.0016418 Listed on: 01/05/2024

Last Buyer's Agent

Louise Cardoni

Century 21 Topsail Realty License #RES.0026433

Century 21 Topsail Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,506

Year Built

  • Built in 1962

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot
  • Property is zoned R10

Parking

  • 2 Car Attached Garage

Home Design

  • Split Level Home
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Skylights
  • 2 Fireplaces
  • Fireplace Features Masonry
  • Gas Fireplace
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Utilities

  • Whole House Fan
  • Central Air
  • Heating System Uses Oil
  • Baseboard Heating
  • 200+ Amp Service
  • Tankless Water Heater
  • Cable TV Available

Additional Features

  • Outdoor Grill
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number 1GRANADATERMDLT

Community Details

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,506

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Above Grade Finished Sq Ft: 1417.0
  • Architectural Style: Split-Level
  • Garage Yn: Yes
  • Unit Levels: One, Multi/Split
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1962
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 702.0
  • Fireplace Features: Gas, Masonry
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate, Other
  • Interior Amenities: Attic, Skylights, Cable TV
  • Living Area: 2119.0
  • Dining Room Type: Bathroom, Bedroom, Laundry
  • Stories: 1
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Shingle Siding
  • Exterior Features: Barbecue
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air, Whole House Fan
  • Cooling Y N: Yes
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Golf, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.0
  • Parcel #: 1GRANADATERMDLT
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4506.0
  • Tax Block: 00
  • Tax Lot: 38
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2024
Closed on
Feb 16, 2024
Sold by
Folcarelli Mason C
Bought by
Fraatz David R and Fraatz Renee E
Seller's Agent
Jason Saphire
www.HomeZu.com
Buyer's Agent
Louise Cardoni
Century 21 Topsail Realty
List Price
$684,000
Sold Price
$670,000
Premium/Discount to List
-$14,000
-2.05%
Views
139
Current Estimated Value
$758,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,280
Avg. Annual Appreciation
8.90%
Original Mortgage
$536,000
Outstanding Balance
$527,588
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$238,338

Purchase Details

Closed on
Mar 25, 2022
Sold by
Folcarelli Mason C and Folcarelli Evelyn
Bought by
Folcarelli Mason C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
3.92%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Oct 1, 2018
Closed on
Feb 1, 2019
Sold by
Winfred E Johnston T E and Winfred Larence
Bought by
Folcarelli Mason C and Folcarelli Evelyn
Seller's Agent
Connor Dowd
Keller Williams Coastal
Buyer's Agent
Ryan Hazinakis
Keller Williams Coastal
List Price
$389,000
Sold Price
$335,000
Premium/Discount to List
-$54,000
-13.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.33%
Original Mortgage
$328,932
Interest Rate
4.6%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 21, 1971
Bought by
Johnson Winfred E
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fraatz David R $670,000 None Available
Fraatz David R $670,000 None Available
Folcarelli Mason C -- None Available
Folcarelli Mason C -- None Available
Folcarelli Mason C $335,000 --
Folcarelli Mason C $335,000 --
Johnson Winfred E $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fraatz David R $536,000
Closed Fraatz David R $536,000
Previous Owner Folcarelli Mason C $410,000
Previous Owner Folcarelli Mason C $328,932
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $670,000 -2.0% $316 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
01/05/2024 01/05/24 For Sale $684,000 +104.2% $323 / Sq Ft
02/01/2019 02/01/19 Sold $335,000 -13.9% $236 / Sq Ft
01/02/2019 01/02/19 Pending -- -- --
10/01/2018 10/01/18 For Sale $389,000 -- $275 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,167 $636,500 $411,300 $225,200
2023 $4,720 $374,900 $221,100 $153,800
2022 $4,506 $374,900 $221,100 $153,800
2021 $4,506 $374,900 $221,100 $153,800
2020 $4,444 $323,000 $169,200 $153,800
2018 $4,441 $323,000 $169,200 $153,800
2016 $4,265 $276,600 $145,000 $131,600
2015 $4,160 $276,600 $145,000 $131,600
2014 $4,151 $258,300 $131,700 $126,600
2013 $4,058 $258,300 $131,700 $126,600
Source: Public Records

Agents Affiliated with this Home

  • Jason Saphire

    Seller's Agent in 2024

    Jason Saphire

    www.HomeZu.com

    (877) 249-5478

    1 in this area

    1,202 Total Sales

    Jason Saphire
    Section Image
  • Louise Cardoni

    Buyer's Agent in 2024

    Louise Cardoni

    Century 21 Topsail Realty

    (401) 835-5987

    4 in this area

    31 Total Sales

    Louise Cardoni
    Section Image
  • Connor Dowd

    Seller's Agent in 2019

    Connor Dowd

    Keller Williams Coastal

    (401) 864-4488

    14 in this area

    406 Total Sales

    Connor Dowd
    Section Image
  • Ryan Hazinakis

    Buyer's Agent in 2019

    Ryan Hazinakis

    Keller Williams Coastal

    (401) 477-4251

    11 in this area

    129 Total Sales

    Ryan Hazinakis
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1350557

State-Wide MLS

APN: MIDD-000108-000000-000038

Rhode Island Newport County Middletown 02842 Newport East

1 Granada Terrace, Middletown, RI

This home is located at 1 Granada Terrace, Middletown, RI 02842 since 05 January 2024 and is currently estimated at $758,280, approximately $357 per square foot. This property was built in 1962. 1 Granada Terrace is a home located in Newport County with nearby schools including Middletown High School, All Saints STEAM Academy, and St Michael's Country Day School.

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