NOT LISTED FOR SALE

160 E Main Rd Middletown, RI 02842

Newport East Neighborhood

Estimated Value: $698,110

0.62 Acre
$1,125,984 Price per Acre
27,007 Sq Ft Lot

Last Sold December 29, 2022

Last sale price $525,000

Est. 33% increase in value since last sale

Current estimated payment $4,344/month

175 Days on Market

Highlights

  • 0.62 Acre Lot
  • Public Transportation
  • Paved or Partially Paved Lot
  • Recreation Facilities
  • Shops

About This Lot

As of December 2022

Are you looking for a highly visible location for your retail, restaurant, fast food operation or medical office? Just over a half acre lot is now for sale in Middletown in close proximity to the intersection of East and West Main Road. This high traffic area sees over 16k cars per day and is surrounded by operations such as BJ's, Shaws, Dunkin Donuts, Midas, Starbucks, Chipotle, McDonalds, Wendys, Toyota, Bed Bath and Beyond and Marshals. See site plan proposals along with zoning code attached below. Please note, this is a Commercial Lot. MLS does not have selections to denote this commercial zoning use.

Last Agent to Sell the Property

Steve Kirby

Kirby & Kirby License #REB.0014902 Listed on: 07/06/2022

Last Buyer's Agent

Stephen Kirby

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,377

Lot Details

  • 0.62 Acre Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Finished Lot(s)
  • Property is zoned GB, Condominium,Multi-Family,Residential

Listing and Financial Details

  • Tax Lot 72
  • Assessor Parcel Number 160EASTMAINRDMDLT

Community Details

Amenities

  • Shops
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Property Type

Land

Est. Annual Taxes

$6,377

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.62
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Possible Use: Development, Residential

Exterior Features

  • Lot Features: Paved, Level
  • Topography: Cleared,Level

Utilities

  • Utilities: Other, Water Available

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Public Transportation, Recreation Area, Shopping, High Traffic Location, Sidewalks
  • Senior Community: No

Lot Info

  • Development Status: Finished Lot(s)
  • Land Lease: No
  • Lot Size Sq Ft: 27007.0
  • Parcel #: 160EASTMAINRDMDLT
  • Zoning Description: Condominium,Multi-Family,Residential
  • Zoning: GB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6377.0
  • Tax Lot: 72
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Dec 27, 2022
Sold by
Re Lopes Assn Llc
Bought by
160 E Main Rd Llc
Seller's Agent
Steve Kirby
Kirby & Kirby
Buyer's Agent
Stephen Kirby
List Price
$575,000
Sold Price
$525,000
Premium/Discount to List
-$50,000
-8.7%
Views
157
Current Estimated Value
$698,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,110
Avg. Annual Appreciation
8.78%
Source: Public Records

Range of Values:

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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
160 E Main Rd Llc $525,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 160 East Main Road Llc $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2022 12/29/22 Sold $525,000 -8.7% --
07/06/2022 07/06/22 For Sale $575,000 -- --
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 $6,493 $500,200 $480,700 $19,500
2023 $6,706 $358,600 $339,100 $19,500
2022 $6,401 $358,600 $339,100 $19,500
2021 $6,179 $358,600 $339,100 $19,500
2020 $6,377 $350,200 $330,700 $19,500
2018 $6,374 $350,200 $330,700 $19,500
2016 $7,029 $343,900 $324,400 $19,500
2015 $6,864 $343,900 $324,400 $19,500
2014 $8,252 $386,700 $373,700 $13,000
2013 $8,070 $386,700 $373,700 $13,000
Source: Public Records

Agents Affiliated with this Home

  • Steve Kirby

    Seller's Agent in 2022

    Steve Kirby

    Kirby & Kirby

    (401) 862-6761

    11 in this area

    109 Total Sales

    Section Image

  • S

    Buyer's Agent in 2022

    Stephen Kirby

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Map

Source: State-Wide MLS

MLS Number: 1314779

State-Wide MLS

APN: MIDD-000107-S000000E-000072

Rhode Island Newport County Middletown 02842 Newport East

160 E Main Rd, Middletown, RI

This home is located at 160 E Main Rd, Middletown, RI 02842 since 06 July 2022 and is currently estimated at $698,110. 160 E Main Rd is a home located in Newport County with nearby schools including Middletown High School, All Saints STEAM Academy, and St Michael's Country Day School.

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