NOT LISTED FOR SALE

13 Ludlow Rd Middletown, RI 02842

Estimated Value: $431,303 - $558,000

4 Beds
2 Baths
1,426 Sq Ft
$362/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $350,000 $245 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,025/month

32 Days on Market

Highlights

  • Marina
  • Tennis Courts
  • Public Transportation
  • Golf Course Community
  • Bathtub with Shower
  • Shops

About This Home

As of June 2021

Solid investment property in Middletown, between West Main and East Main Road. This 2 family property boasts two, side by side two bedroom units, and has been gutted by the current owner. All new floors, kitchens and baths. Laundry in units, dishwashers, shared yard space... This property takes in $2500 per month, with room to increase rents. Tenants pay their own utilities. Stellar rental history.

Last Agent to Sell the Property

Scott Champagne

Compass License #REB.0018893 Listed on: 04/23/2021

Compass

Last Buyer's Agent

Eric Chauvin

Weichert Realtors-Penrose Grp License #REB.0018204

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,400

Year Built

  • Built in 1954

Lot Details

  • 7,405 Sq Ft Lot
  • Fenced

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,426 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Outbuilding
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 69
  • Assessor Parcel Number 13A&BLUDLOWRDMDLT

Community Details

Overview

  • 2 Units
  • Commodore Perry Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,400

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Subdivision Name: COMMODORE PERRY
  • Above Grade Finished Sq Ft: 1426.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1954
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: None, Unfinished
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Tub Shower
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Slab
  • Other Structures: Outbuilding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.0
  • Parcel #: 13A&BLUDLOWRDMDLT
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2400.0
  • Tax Lot: 69
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2021
Closed on
Jun 25, 2021
Sold by
Dennison Robert L
Bought by
Chauvin Eric and Chauvin Natalie
Seller's Agent
Scott Champagne
Compass
Buyer's Agent
Eric Chauvin
Weichert Realtors-Penrose Grp
List Price
$339,500
Sold Price
$350,000
Premium/Discount to List
$10,500
3.09%
Current Estimated Value
$516,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,326
Avg. Annual Appreciation
9.13%
Original Mortgage
$262,500
Outstanding Balance
$237,143
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$279,183

Purchase Details

Closed on
Feb 18, 2021
Sold by
Dennison Robert L
Bought by
Dennison Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2014
Sold by
Dennison Robert L and Dennison Laza M
Bought by
Dennison Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,262
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Chauvin Eric $350,000 None Available
Dennison Robert L -- None Available
Dennison Robert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chauvin Eric $262,500
Previous Owner Dennison Robert L $238,000
Previous Owner Dennison Robert L $173,262
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2024 10/08/24 Off Market $2,100 -- --
10/01/2024 10/01/24 For Rent $2,100 0.0% --
06/25/2021 06/25/21 Sold $350,000 +3.1% $245 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $339,500 -- $238 / 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
2025 $3,805 $322,700 $150,800 $171,900
2024 $3,634 $322,700 $150,800 $171,900
2023 $2,624 $208,400 $97,300 $111,100
2022 $2,505 $208,400 $97,300 $111,100
2021 $2,505 $208,400 $97,300 $111,100
2020 $2,559 $186,000 $84,600 $101,400
2018 $2,558 $186,000 $84,600 $101,400
2016 $2,678 $173,700 $72,500 $101,200
2015 $2,612 $173,700 $72,500 $101,200
2014 $2,647 $164,700 $79,000 $85,700
2013 $2,587 $164,700 $79,000 $85,700
Source: Public Records

Agents Affiliated with this Home

  • Scott Champagne

    Seller's Agent in 2021

    Scott Champagne

    Compass

    (401) 447-8210

    2 in this area

    81 Total Sales

    Scott Champagne
    Section Image
  • Eric Chauvin

    Buyer's Agent in 2021

    Eric Chauvin

    Weichert Realtors-Penrose Grp

    (617) 448-0910

    1 in this area

    10 Total Sales

    Eric Chauvin
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1280478

State-Wide MLS

APN: MIDD-000107-N000000E-000069

Rhode Island Newport County Middletown 02842

13 Ludlow Rd, Middletown, RI

Not Listed for Sale

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