$4,829,219
RENTED APR 15, 2025

132 Prospect Ave Middletown, RI 02842

3 Beds
1.5 Baths
1,375 Sq Ft
$3,512 Price per Sq Ft

Highlights

  • Water Views
  • Wood Flooring
  • No HOA
  • 10 Acre Lot
  • Furnished
  • 5-minute walk to Paradise Valley Park

About This Home

As of April 2025

Location, location, location. This recently and meticulously renovated 3 bedroom, 1.5 bath is just steps from Middletown's Second Beach and the Sachuest Point National Wildlife Refuge. Enjoy sunrises, sunsets, water views, rolling hillsides, a walk around Boyd's Windmill, and views of the iconic St. George's steeple from your personal back deck. A quiet oasis in the highly sought-after Paradise Avenue neighborhood. Take advantage of Meadowlark RV Park's 10 acres of green space, fire pits, picnic tables, etc. -- without the feeling of living at an RV park. The $3,200 monthly rent includes all utilities, optional linens, and kitchenware. A worry-free experience in an incredible location. A Naval War College favorite with a flexible yearly lease. Sorry, no pets.

Last Agent to Rent the Property

Lisa morrison

Coldwell Banker Realty Listed on: 03/21/2025

Coldwell Banker Realty

Co-Listed By

Gregory Adams

Coldwell Banker Realty License #RES.0048200

Last Renter's Agent

Heather Mason

Coldwell Banker Realty License #RES.0047589

Coldwell Banker Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $28,338

Year Built

  • 1952

Lot Details

  • 10

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,375 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Wood Flooring
  • Water Views

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • No Garage
  • Driveway
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Walking Distance to Water
  • 10 Acre Lot

Listing and Financial Details

  • Property Available on 7/1/25
  • 12 Month Lease Term
  • Assessor Parcel Number 132PROSPECTAVMDLT

Community Details

Overview

  • No Home Owners Association
  • Paradise Avenue Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$28,338

Year Built

1952

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2025-07-01
  • Security Deposit: 3200.0

Listing Details

  • Prop. Type: Residential Lease
  • Lot Size Acres: 10.0
  • Co List Office Mls Id: CBRB11
  • Co List Office Phone: 401-845-6900
  • Subdivision Name: Paradise Avenue
  • Above Grade Finished Sq Ft: 1375.0
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Apartment
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1952

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: First Floor Access,Private Entry,Second Floor Acce
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Stall Shower, Furnished, Cable TV
  • Living Area: 1375.0
  • Stories: 2

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Other
  • Exterior Features: Paved Driveway

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Water Source: Water Tap Fee

Condo/Co-op/Association

  • Community Features: Near Schools
  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Electricity, Heat, Hot Water, Internet, Laundry Facilities, Other, Parking, Sewer, See Remarks, Trash Collection, Water
  • Association: No
  • Pets Allowed: No

Lot Info

  • Parcel #: 132PROSPECTAVMDLT
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2019
Sold by
Rideout Mae L Est
Bought by
Beach View Rv Park Llc
Current Estimated Value
$4,829,219
Source: Public Records

Range of Values:

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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
Beach View Rv Park Llc $2,650,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2025 04/15/25 Rented $3,200 0.0% --
04/12/2025 04/12/25 Under Contract -- -- --
03/21/2025 03/21/25 For Rent $3,200 +6.7% --
05/14/2024 05/14/24 Rented $3,000 0.0% --
04/30/2024 04/30/24 Under Contract -- -- --
04/23/2024 04/23/24 For Rent $3,000 0.0% --
04/10/2024 04/10/24 Under Contract -- -- --
02/01/2024 02/01/24 For Rent $3,000 0.0% --
07/20/2023 07/20/23 Rented $3,000 0.0% --
07/20/2023 07/20/23 For Rent $3,000 -- --
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 $28,338 $2,183,200 $1,897,500 $285,700
2023 $28,992 $1,550,400 $1,320,000 $230,400
2022 $27,675 $1,550,400 $1,320,000 $230,400
2021 $26,713 $1,550,400 $1,320,000 $230,400
2020 $0 $1,009,800 $806,300 $203,500
2018 $0 $1,009,800 $806,300 $203,500
2016 $0 $906,100 $722,900 $183,200
2015 -- $906,100 $722,900 $183,200
2014 -- $808,200 $657,000 $151,200
2013 -- $808,200 $657,000 $151,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1380623

State-Wide MLS

APN: MIDD-000121-000000-000001