Landlord's Agent in 2022
Edith Cushing
RE/MAX Profnl. Newport, Inc.
(401) 848-6750
3 in this area
45 Total Sales
16 Paddock Ln Middletown, RI 02842
Estimated Value: $1,114,000 - $1,326,000
4
Beds
3
Baths
2,604
Sq Ft
$475/Sq Ft
Est. Value
Highlights
- Marina
- 0.69 Acre Lot
- Deck
- Golf Course Community
- Colonial Architecture
- Wooded Lot
About This Home
As of March 2022*PLEASE READ* No pets, no animals, no smoking, unfurnished, ANNUAL LEASE Available July 1, 2022. Desirable Island Farm beautifully designed Old Port Home sited on a 2/3 of an acre on a corner lot. This spacious Colonial has 4 bedrooms and 3 full baths. First floor has an entry foyer with formal dining room, library/den/office and a wonderful great room with gas fireplace flowing into an open kitchen with stainless appliances and granite counters. Sliding doors off the kitchen/great room to deck overlooking yard and grounds. 1st floor laundry and full bath off the kitchen leading to the mudroom, back door and attached garage. The second floor has four bedrooms and two full baths which includes a large Master bedroom suite with walk in closet and private bath. Features include hardwoods, hunter blinds throughout, central air, gas heat & gas hot water. Oversize driveway easily fits 4 cars. Garage is a 2 car garage but the 2nd car needs to be small due to the stairway access from the garage into the house. Corner lot which is nicely landscaped including a lovely stone wall. Tenant is responsible for all utilities lawn care and snow removal. Trash is also responsibility of the tenant which is municipal "pay as you throw". HOA rules apply. Great central location with easy access on and off the Island. Minutes to the Naval Base, Downtown Newport and the beaches.
Last Agent to Rent the Property
RE/MAX Profnl. Newport, Inc. License #REB.0017022 Listed on: 03/04/2022
Last Renter's Agent
Edith Cushing
RE/MAX Profnl. Newport, Inc.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,017
Year Built
- Built in 2004
Lot Details
- 0.69 Acre Lot
- Security Fence
- Corner Lot
- Wooded Lot
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
- Assigned Parking
Home Design
- Colonial Architecture
- Entry on the 1st floor
- Shingle Siding
- Clapboard
Interior Spaces
- 2,604 Sq Ft Home
- 2-Story Property
- Fireplace Features Masonry
- Gas Fireplace
- Thermal Windows
- Storage Room
- Utility Room
- Security System Owned
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- Compressor
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Gas
- Underground Utilities
- Gas Water Heater
- Cable TV Available
Additional Features
- Deck
- Property near a hospital
Listing and Financial Details
- Property Available on 7/1/22
- Tenant pays for hot water
- Month-to-Month Lease Term
- Assessor Parcel Number 16PADDOCKLANEMDLT
Community Details
Overview
- Property has a Home Owners Association
- Island Farm Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
- Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 3, 2018
Closed on
Nov 29, 2018
Sold by
Benedict James E and Benedict Heidi
Bought by
Cushing-Mcelroy Edith A and Mcelroy Sean R
Seller's Agent
Edith Cushing
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
Edith Cushing
RE/MAX Profnl. Newport, Inc.
Sold Price
$3,200
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,234,977
Avg. Annual Appreciation
10.59%
Original Mortgage
$136,500
Outstanding Balance
$120,259
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$1,117,918
Purchase Details
Listed on
Dec 4, 2016
Closed on
Mar 31, 2017
Sold by
Simone Gerald A and Simone Carol T
Bought by
Benedict James E and Benedict Heidi
Seller's Agent
Susan Gustavson
Lila Delman Compass
Buyer's Agent
Anthony Young
Coldwell Banker Realty
List Price
$599,000
Sold Price
$580,000
Premium/Discount to List
-$19,000
-3.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Original Mortgage
$300,000
Interest Rate
3.35%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cushing-Mcelroy Edith A | $620,000 | -- | |
| Benedict James E | $580,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cushing-Mcelroy Edith A | $136,500 | |
| Previous Owner | Benedict James E | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/04/2022 03/04/22 | For Rent | $3,800 | +5.6% | -- | |
| 03/04/2022 03/04/22 | Rented | $3,600 | +4.3% | -- | |
| 11/05/2021 11/05/21 | Rented | $3,450 | -4.2% | -- | |
| 10/06/2021 10/06/21 | Under Contract | -- | -- | -- | |
| 09/10/2021 09/10/21 | For Rent | $3,600 | +5.9% | -- | |
| 09/01/2020 09/01/20 | Rented | $3,400 | -2.9% | -- | |
| 08/02/2020 08/02/20 | Under Contract | -- | -- | -- | |
| 07/20/2020 07/20/20 | For Rent | $3,500 | 0.0% | -- | |
| 12/06/2018 12/06/18 | Sold | $620,000 | 0.0% | $238 / Sq Ft | View Prior Sale |
| 12/03/2018 12/03/18 | For Rent | $3,200 | 0.0% | -- | |
| 12/03/2018 12/03/18 | Rented | $3,200 | 0.0% | -- | |
| 11/06/2018 11/06/18 | Pending | -- | -- | -- | |
| 08/30/2018 08/30/18 | For Sale | $639,000 | +10.2% | $245 / Sq Ft | |
| 03/31/2017 03/31/17 | Sold | $580,000 | -3.2% | $223 / Sq Ft | View Prior Sale |
| 03/01/2017 03/01/17 | Pending | -- | -- | -- | |
| 12/04/2016 12/04/16 | For Sale | $599,000 | -- | $230 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $12,017 | $1,067,200 | $580,900 | $486,300 |
| 2023 | $8,433 | $669,800 | $306,000 | $363,800 |
| 2022 | $8,051 | $669,800 | $306,000 | $363,800 |
| 2021 | $8,051 | $669,800 | $306,000 | $363,800 |
| 2020 | $7,829 | $569,000 | $236,900 | $332,100 |
| 2018 | $7,824 | $569,000 | $236,900 | $332,100 |
| 2016 | $8,843 | $573,500 | $244,200 | $329,300 |
| 2015 | $8,625 | $573,500 | $244,200 | $329,300 |
| 2014 | $9,086 | $565,400 | $213,800 | $351,600 |
| 2013 | $8,882 | $565,400 | $213,800 | $351,600 |
Source: Public Records
Agents Affiliated with this Home
-
Edith Cushing
-
Stacie Mills
Seller's Agent in 2018
Stacie Mills
Vanderbilt International Prop.
(401) 862-2793
10 in this area
102 Total Sales
-
Sean McElroy
Buyer's Agent in 2018
Sean McElroy
RE/MAX Profnl. Newport, Inc.
1 in this area
14 Total Sales
-
S
Seller's Agent in 2017
Susan Gustavson
Lila Delman Compass
-
Anthony Young
Buyer's Agent in 2017
Anthony Young
Coldwell Banker Realty
(401) 855-3716
2 in this area
14 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1304319
APN: MIDD-000117-000000-000839
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