2 Stimpson St Middletown, RI 02842
Newport East Neighborhood
3
Beds
2
Baths
2,654
Sq Ft
10,018
Sq Ft Lot
Highlights
- Marina
- Wood Flooring
- Tennis Courts
- Golf Course Community
- Corner Lot
- Walking Distance to Water
About This Home
As of May 2024A RARE FIND ON EASTON'S POINT!! Currently a legal two family in the heart of Easton's Point. This home is nestled between Tuckerman Avenue & Wolcott Avenue. A great opportunity to build a home of your dreams or keep it a two family and do a renovation to take advantage of all its' options. Minutes to Easton Beach or Second Beach, Downtown Newport & all the Attractions & Restaurants that Newport has to offer.
Last Agent to Sell the Property
Lila Delman Compass License #REB.0014569 Listed on: 04/12/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,906
Year Built
- Built in 1940
Lot Details
- 10,018 Sq Ft Lot
- Corner Lot
Parking
- 1 Car Attached Garage
Home Design
- Combination Foundation
- Block Foundation
- Slab Foundation
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,654 Sq Ft Home
- 2-Story Property
- Fireplace Features Masonry
- Unfinished Basement
- Crawl Space
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Outdoor Features
- Walking Distance to Water
- Patio
Location
- Property near a hospital
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Heating System Uses Oil
- Baseboard Heating
- Heating System Uses Steam
- Oil Water Heater
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 61 / SE
- Assessor Parcel Number 2STIMPSONSTMDLT
Community Details
Overview
- 2 Units
- Tuckerman Avenue Wolcott Avenue Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Building Details
- Operating Expense $600
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%
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
$71,104
Avg. Annual Appreciation
2.90%
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
Lila Delman Compass
Buyer's Agent
David Lawrence
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
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,295,000 | None Available | |
| Warranty Deed | $1,295,000 | None Available | |
| Warranty Deed | $850,000 | None Available | |
| Warranty Deed | $850,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $971,250 | Purchase Money Mortgage | |
| Closed | $971,250 | Purchase Money Mortgage | |
| Previous Owner | $637,500 | Purchase Money Mortgage | |
| Previous Owner | $20,000 | Unknown |
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
-
Seller's Agent in 2024
Dina Karousos
Gustave White Sotheby's Realty
(401) 849-3000
12 in this area
217 Total Sales
-
Buyer's Agent in 2024
Lea Savas
Edge Realty RI
(401) 580-4484
1 in this area
21 Total Sales
-
Seller's Agent in 2022
Jennifer Lawrence
Lila Delman Compass
(401) 848-2101
7 in this area
65 Total Sales
-
Buyer's Agent in 2022
David Lawrence
Lila Delman Compass
(401) 339-1010
4 in this area
10 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1279905
APN: MIDD-000116-S000000E-000061
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