NOT LISTED FOR SALE

18 Woolsey Rd Middletown, RI 02842

Estimated Value: $474,057 - $584,000

5 Beds
2 Baths
1,587 Sq Ft
$341/Sq Ft Est. Value

Last Sold June 01, 2022

Last sale price $425,000 $268 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,212/month

5 Days on Market

Highlights

  • Public Transportation
  • Satellite Dish
  • 1-Story Property
  • Forced Air Heating System
  • Vinyl Flooring

About This Home

As of June 2022

This two family home would make a great investment opportunity, or first home for a buyer wanted to collect income from a second unit. One unit has two beds and one bath, the other has three beds and one bath. Off-street parking, good sized fenced-in yard, gas heating systems, laundry in units, and low maintenance vinyl siding on the exterior. Centrally located in the heart of Middletown, with easy access to the Base, and downtown Newport. Don't miss out on this great opportunity to buy a multi-family on Aquidneck Island!

Last Agent to Sell the Property

Joe Fitzpatrick

RE/MAX Results Listed on: 04/28/2022

RE/MAX Results

Last Buyer's Agent

Harbor to Hill Real Estate Team

Warner Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,560

Year Built

  • Built in 1954

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,587 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Laundry in unit

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for hot water
  • Legal Lot and Block 45 / NE
  • Assessor Parcel Number 18WOOLSEYRDMDLT

Community Details

Overview

  • 2 Units
  • Commodore Perry Village Subdivision

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,560

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 Village
  • Above Grade Finished Sq Ft: 1587.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1954
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Other Equipment: Satellite Dish
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: Bathtub
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Near Schools, Public Transportation
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.0
  • Parcel #: 18WOOLSEYRDMDLT
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2560.0
  • Tax Block: NE
  • Tax Lot: 45
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2007
Sold by
Cortelo Manuel E
Bought by
Cinotti Amintha K
Current Estimated Value
$541,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Outstanding Balance
$69,330
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$472,185
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cinotti Amintha K $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cinotti Amintha K $117,000
Closed Cinotti Amintha K $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2022 06/01/22 Sold $425,000 0.0% $268 / Sq Ft
05/04/2022 05/04/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $425,000 -- $268 / 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 $4,314 $365,900 $150,800 $215,100
2024 $4,120 $365,900 $150,800 $215,100
2023 $2,682 $213,000 $97,300 $115,700
2022 $2,560 $213,000 $97,300 $115,700
2021 $2,560 $213,000 $97,300 $115,700
2020 $2,619 $190,300 $84,600 $105,700
2018 $2,617 $190,300 $84,600 $105,700
2016 $2,742 $177,800 $72,500 $105,300
2015 $2,674 $177,800 $72,500 $105,300
2014 $2,780 $173,000 $79,000 $94,000
2013 $2,718 $173,000 $79,000 $94,000
Source: Public Records

Agents Affiliated with this Home

  • Joe Fitzpatrick

    Seller's Agent in 2022

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    93 in this area

    688 Total Sales

    Joe Fitzpatrick
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Map

Source: State-Wide MLS

MLS Number: 1308749

State-Wide MLS

APN: MIDD-000107-N000000E-000045

Rhode Island Newport County Middletown 02842

18 Woolsey Rd, Middletown, RI

Not Listed for Sale

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