2 Stimpson St Middletown, RI 02842
Newport East NeighborhoodEstimated Value: $1,292,000 - $1,437,000
4
Beds
2
Baths
1,767
Sq Ft
$761/Sq Ft
Est. Value
Highlights
- Marina
- Wood Flooring
- Corner Lot
- Golf Course Community
- Attic
- Tennis Courts
About This Home
As of May 2024Easton's Point - Set on an expansive, south- facing corner lot, sits this four bed, two bath home offering so many possibilities! Currently zoned as a legal two family, the next owner could keep the cottage as a single family home, enjoy income from one or both of the units, or it would be a perfect property to have a single level in-law unit! The outdoor space, especially for this neighborhood, is so special and unique. With a newly installed fenced in yard, there is perfect space on the southern side of the property for a gorgeous pool and hardscape. There is additional outdoor space with its own private patio and newly built outdoor pizza oven for outdoor entertainment while enjoying gorgeous sunsets. A short distance to local restaurants/eateries, ice cream shops, beaches, and a short drive to Downtown Newport, completes the lifestyle for relaxation and enjoyment.
Last Agent to Sell the Property
Gustave White Sotheby's Realty Brokerage Phone: 401-849-3000 Listed on: 10/12/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,587
Year Built
- Built in 1940
Lot Details
- 0.26 Acre Lot
- Fenced
- Corner Lot
Parking
- 1 Car Attached Garage
Home Design
- Cottage
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,767 Sq Ft Home
- 2-Story Property
- Fireplace Features Masonry
- Thermal Windows
- Unfinished Basement
- Crawl Space
- Storm Doors
- Attic
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Outdoor Features
- Walking Distance to Water
- Patio
Location
- Property near a hospital
Utilities
- Window Unit Cooling System
- Forced Air Zoned Heating System
- Heating System Uses Gas
- Heating System Uses Oil
- Baseboard Heating
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 61
- Assessor Parcel Number 2STIMPSONSTMDLT
Community Details
Overview
- Easton's Point Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 12, 2023
Closed on
May 24, 2024
Sold by
Eastons Point Prop Llc
Bought by
Lion Capital Llc
Seller's Agent
Dina Karousos
Gustave White Sotheby's Realty
Buyer's Agent
Lea Savas
Edge Realty RI
List Price
$1,395,000
Sold Price
$1,300,000
Premium/Discount to List
-$95,000
-6.81%
Total Days on Market
154
Views
183
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
$45,025
Avg. Annual Appreciation
3.30%
Original Mortgage
$971,250
Outstanding Balance
$962,885
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$382,140
Purchase Details
Listed on
Apr 12, 2021
Closed on
Mar 28, 2022
Sold by
Difazio Diane L and Case Edward A
Bought by
Eastons Point Prop Llc
Seller's Agent
Jennifer Lawrence
Compass / Lila Delman Compass
Buyer's Agent
David Lawrence
Compass / Lila Delman Compass
List Price
$995,000
Sold Price
$850,000
Premium/Discount to List
-$145,000
-14.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.74%
Original Mortgage
$637,500
Interest Rate
3.69%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lion Capital Llc | $1,295,000 | None Available | |
| Lion Capital Llc | $1,295,000 | None Available | |
| Eastons Point Prop Llc | $850,000 | None Available | |
| Eastons Point Prop Llc | $850,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lion Capital Llc | $971,250 | |
| Closed | Lion Capital Llc | $971,250 | |
| Previous Owner | Eastons Point Prop Llc | $637,500 | |
| Previous Owner | Case Edward A | $20,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2024 05/24/24 | Sold | $1,300,000 | +0.4% | $736 / Sq Ft |
| 03/14/2024 03/14/24 | Pending | -- | -- | -- |
| 11/03/2023 11/03/23 | Price Changed | $1,295,000 | -7.2% | $733 / Sq Ft |
| 10/12/2023 10/12/23 | For Sale | $1,395,000 | +64.1% | $789 / Sq Ft |
| 03/28/2022 03/28/22 | Sold | $850,000 | -14.6% | $320 / Sq Ft |
| 02/26/2022 02/26/22 | Pending | -- | -- | -- |
| 04/12/2021 04/12/21 | For Sale | $995,000 | -- | $375 / 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 | $15,430 | $1,370,300 | $1,010,400 | $359,900 |
| 2023 | $9,587 | $761,500 | $594,700 | $166,800 |
| 2022 | $9,037 | $751,800 | $585,000 | $166,800 |
| 2021 | $9,037 | $751,800 | $585,000 | $166,800 |
| 2020 | $8,907 | $647,300 | $489,200 | $158,100 |
| 2018 | $8,900 | $647,300 | $489,200 | $158,100 |
| 2016 | $7,701 | $499,400 | $353,400 | $146,000 |
| 2015 | $7,511 | $499,400 | $353,400 | $146,000 |
| 2014 | $8,157 | $507,600 | $367,600 | $140,000 |
| 2013 | $7,974 | $507,600 | $367,600 | $140,000 |
Source: Public Records
Agents Affiliated with this Home
-
Dina Karousos
Seller's Agent in 2024
Dina Karousos
Gustave White Sotheby's Realty
(401) 849-3000
13 in this area
219 Total Sales
-
Lea Savas
Buyer's Agent in 2024
Lea Savas
Edge Realty RI
(401) 580-4484
1 in this area
22 Total Sales
-
Jennifer Lawrence
Seller's Agent in 2022
Jennifer Lawrence
Compass / Lila Delman Compass
(401) 848-2101
7 in this area
65 Total Sales
-
David Lawrence
Buyer's Agent in 2022
David Lawrence
Compass / Lila Delman Compass
(401) 339-1010
4 in this area
10 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1345715
APN: MIDD-000116-S000000E-000061
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