NOT LISTED FOR SALE

115 Purgatory Rd Middletown, RI 02842

Estimated Value: $3,989,071 - $5,607,000

6 Beds
6 Baths
3,955 Sq Ft
$1,153/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $2,600,000 $657 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $28,120/month

14 Days on Market

Highlights

  • Marina
  • Beach Access
  • Wood Flooring
  • Water Views
  • Golf Course Community
  • 3-minute walk to Dunlap Wheeler Park

About This Home

As of October 2018

Sunny Shingle style beach cottage just steps from beach! Stunning ocean views! Large kitchen with family-size center isle, 5 fireplaces, AC, elevator, and garage. Renovations in 2016, new baths, and bath house. Located on a quiet cul de sac and outside flood zone!

Last Agent to Sell the Property

Laurie Hewitt Burke

Lila Delman Compass License #RES.0029271 Listed on: 09/11/2018

Lila Delman Compass

Last Buyer's Agent

Connor Dowd

Keller Williams Coastal License #B16208

Keller Williams Coastal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,638

Year Built

  • Built in 1873

Lot Details

  • 0.33 Acre Lot
  • Property is zoned OS/RES

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Cottage
  • Shingle Siding
  • Plaster

Interior Spaces

  • 3,955 Sq Ft Home
  • 3-Story Property
  • Skylights
  • 5 Fireplaces
  • Fireplace Features Masonry
  • Thermal Windows
  • Water Views
  • Crawl Space

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Parquet
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Full Bathroom
  • Accessible Hallway
  • Accessible Doors

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water
  • Patio
  • Breezeway
  • Outdoor Grill

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 53
  • Assessor Parcel Number 115PURGATORYRDMDLT

Community Details

Overview

  • Purgatory Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,638

Year Built

Built in 1873

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.33
  • Subdivision Name: Purgatory
  • Above Grade Finished Sq Ft: 3955.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1873
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Accessibility Features: Accessible Full Bath, Accessible Elevator Installed, Accessible Doors, Accessible Hallway(s)
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplaces: 5
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Parquet, Carpet
  • Interior Amenities: Bathtub, Skylights, Tub Shower, Elevator, Cable TV
  • Living Area: 3955.0
  • Stories: 3
  • Window Features: Skylight(s), Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Drywall, Plaster, Shingle Siding
  • Exterior Features: Breezeway, Patio, Barbecue
  • Foundation Details: See Remarks
  • Patio And Porch Features: Patio

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Built In, Garage, Garage Door Opener
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14375.0
  • Parcel #: 115PURGATORYRDMDLT
  • Zoning: OS/RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 26638.0
  • Tax Lot: 53
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2018
Closed on
Oct 26, 2018
Sold by
Gretz Michael J
Bought by
115 Purgatory Llc
Seller's Agent
Laurie Hewitt Burke
Lila Delman Compass
Buyer's Agent
Connor Dowd
Keller Williams Coastal
List Price
$2,750,000
Sold Price
$2,600,000
Premium/Discount to List
-$150,000
-5.45%
Current Estimated Value
$4,560,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,960,024
Avg. Annual Appreciation
8.43%
Original Mortgage
$2,080,000
Interest Rate
4.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Mar 17, 2016
Closed on
Sep 30, 2016
Sold by
Seller
Bought by
Gretz Michael J
Seller's Agent
Leslie Hogan
Hogan Associates Christie's
Buyer's Agent
Carol Hopkins
Island Realty
List Price
$2,150,000
Sold Price
$1,900,000
Premium/Discount to List
-$250,000
-11.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.36%
Original Mortgage
$1,500,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 2010
Sold by
Burgo Joyce L
Bought by
Hawthorn Invest Llc
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
115 Purgatory Llc $2,600,000 --
Gretz Michael J $1,900,000 --
Hawthorn Invest Llc $58,000 --
Hawthorn Invest Llc $47,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gretz Michael J $1,500,000
Previous Owner Hawthorn Invest Llc $500,000
Previous Owner Hawthorn Invest Llc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2018 10/26/18 Sold $2,600,000 -5.5% $657 / Sq Ft
09/26/2018 09/26/18 Pending -- -- --
09/11/2018 09/11/18 For Sale $2,750,000 +44.7% $695 / Sq Ft
09/30/2016 09/30/16 Sold $1,900,000 -11.6% $480 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
03/17/2016 03/17/16 For Sale $2,150,000 -- $544 / 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 $47,324 $4,202,800 $2,500,600 $1,702,200
2023 $32,671 $2,595,000 $1,338,000 $1,257,000
2022 $31,192 $2,595,000 $1,338,000 $1,257,000
2021 $25,067 $2,085,400 $1,338,000 $747,400
2020 $23,106 $1,679,200 $1,118,800 $560,400
2018 $23,089 $1,679,200 $1,118,800 $560,400
2016 $19,724 $1,279,100 $808,300 $470,800
2015 $19,238 $1,279,100 $808,300 $470,800
2014 $18,236 $1,134,800 $773,300 $361,500
2013 $17,828 $1,134,800 $773,300 $361,500
Source: Public Records

Agents Affiliated with this Home

  • Laurie Hewitt Burke

    Seller's Agent in 2018

    Laurie Hewitt Burke

    Lila Delman Compass

    (401) 662-5946

    1 in this area

    2 Total Sales

    Laurie Hewitt Burke
    Section Image
  • Connor Dowd

    Buyer's Agent in 2018

    Connor Dowd

    Keller Williams Coastal

    (401) 864-4488

    31 in this area

    397 Total Sales

    Connor Dowd
    Section Image
  • Leslie Hogan

    Seller's Agent in 2016

    Leslie Hogan

    Hogan Associates Christie's

    (401) 845-9500

    19 in this area

    92 Total Sales

    Leslie Hogan
    Section Image
  • Matt Hadfield

    Seller Co-Listing Agent in 2016

    Matt Hadfield

    Hogan Associates Christie's

    (401) 207-0083

    5 Total Sales

    Matt Hadfield
    Section Image

  • C

    Buyer's Agent in 2016

    Carol Hopkins

    Island Realty

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1203821

State-Wide MLS

APN: MIDD-000116-N000000W-000053

Rhode Island Newport County Middletown 02842

115 Purgatory Rd, Middletown, RI

This home is located at 115 Purgatory Rd, Middletown, RI 02842 since 11 September 2018 and is currently estimated at $4,560,024, approximately $1,152 per square foot. This property was built in 1873. 115 Purgatory Rd is a home located in Newport County with nearby schools including Middletown High School, St Michael's Country Day School, and St George's School.

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