NOT LISTED FOR SALE

10 Shangri la Ln Unit 12 Middletown, RI 02842

Newport East Neighborhood

Estimated Value: $682,000 - $768,000

4 Beds
2 Baths
1,764 Sq Ft
$411/Sq Ft Est. Value

Last Sold October 19, 2015

Last sale price $282,750 $160 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $4,490/month

109 Days on Market

Highlights

  • Wood Flooring
  • Skylights
  • Shops
  • Thermal Windows
  • Public Transportation
  • Property near a hospital

About This Home

As of October 2015

Well maintained duplex in quiet area close to Navy base, downtown, and beaches. Beautiful kitchens. Vinyl siding. Low maintenance.

Last Agent to Sell the Property

Susan McCoy

RE/MAX Profnl. Newport, Inc. License #RES.0025786 Listed on: 06/01/2015

Last Buyer's Agent

Christopher Eyre

Hogan Associates Christie's License #RES.0040448

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,564

Year Built

  • Built in 1944

Lot Details

  • 5,663

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 1,764 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Thermal Windows
  • Storm Doors

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 5,663 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Legal Lot and Block 78 / NE
  • Assessor Parcel Number 1012SHANGRILALANEMDLT

Community Details

Overview

  • 2 Units
  • Magnolia Terrace Subdivision

Amenities

  • Shops
  • Public Transportation

Building Details

  • Operating Expense $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,564

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Subdivision Name: MAGNOLIA TERRACE
  • Above Grade Finished Sq Ft: 1764.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1944
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Skylights, Cable TV
  • Living Area: 1764.0
  • Stories: 2
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Plaster, Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5663.0
  • Parcel #: 1012SHANGRILALANEMDLT
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 6000.0

Tax Info

  • Tax Annual Amount: 3564.0
  • Tax Block: NE
  • Tax Lot: 78
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2015
Closed on
Oct 20, 2015
Sold by
Sabatino Properties Ll
Bought by
Sl Holdings Llc
Seller's Agent
Susan McCoy
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
Christopher Eyre
Hogan Associates Christie's
List Price
$315,000
Sold Price
$282,750
Premium/Discount to List
-$32,250
-10.24%
Current Estimated Value
$725,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$442,875
Original Mortgage
$169,650
Outstanding Balance
$137,788
Interest Rate
3.88%

Purchase Details

Closed on
Aug 30, 2012
Sold by
Joseph Sabatino T
Bought by
Sabatino Props Llc

Purchase Details

Closed on
May 28, 2008
Sold by
Bourne Andrew M and Silvia Florence
Bought by
Sabatino Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Sl Holdings Llc $282,750 --
Sabatino Props Llc -- --
Sabatino Joseph $295,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sl Holdings Llc $169,650
Previous Owner Sabatino Joseph $236,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2015 10/19/15 Sold $282,750 -10.2% $160 / Sq Ft
09/19/2015 09/19/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $315,000 -- $179 / 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 $6,205 $551,100 $254,700 $296,400
2023 $4,211 $334,500 $164,300 $170,200
2022 $4,021 $334,500 $164,300 $170,200
2021 $4,021 $334,500 $164,300 $170,200
2020 $3,807 $276,700 $121,500 $155,200
2018 $3,805 $276,700 $121,500 $155,200
2016 $3,801 $246,500 $100,300 $146,200
2015 $3,707 $246,500 $100,300 $146,200
2014 $3,564 $221,800 $91,100 $130,700
2013 $3,484 $221,800 $91,100 $130,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Susan McCoy

    RE/MAX Profnl. Newport, Inc.

  • C

    Buyer's Agent in 2015

    Christopher Eyre

    Hogan Associates Christie's

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Map

Source: State-Wide MLS

MLS Number: 1098025

State-Wide MLS

APN: MIDD-000109-N000000E-000078

Rhode Island Newport County Middletown 02842 Newport East

10 Shangri la Ln Unit 12, Middletown, RI

This home is located at 10 Shangri la Ln Unit 12, Middletown, RI 02842 since 01 June 2015 and is currently estimated at $725,625, approximately $411 per square foot. This property was built in 1944. 10 Shangri la Ln Unit 12 is a home located in Newport County with nearby schools including Middletown High School, St Michael's Country Day School, and All Saints STEAM Academy.

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