NOT LISTED FOR SALE

2 Village Ln Middletown, RI 02842

Newport East Neighborhood

Estimated Value: $648,568

6 Beds
4 Baths
5,722 Sq Ft
$113/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $750,000 $131 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $4,183/month

54 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Forced Air Heating System

About This Home

As of November 2022

Welcome home to your new source of pride and joy at 2 Village Lane in Middletown! Built upon land that was formerly part of the Vanderbilt estate, this multi-family home has a newly remodeled unit on one side with original hardwood floors, new bathroom features with lifetime warranties, and incredible closet space. The original unit boasts of paneled walls, hardwood floors as well as a floor plan that mirrors the opposite unit. Conveniently located near Newport, this property also has a pristine vinyl privacy fence and both backyards feature a view of the historic Muriel Vanderbilt Phelps Carraige house. You will enjoy entertaining in the spacious living areas and the large backyards have plenty of room for DIY enthusiasts to add a deck, pool and additional storage buildings. For property investors, this is a great opportunity to earn a sizeable income as it is located in a highly desired Middletown neighborhood where properties move fast.

Last Agent to Sell the Property

Dorothy McInnis

Real Broker, LLC License #RES.0047077 Listed on: 07/05/2022

Real Broker, LLC

Last Buyer's Agent

Ben Willett

RE/MAX Results License #REB.0019095

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,252

Year Built

  • Built in 1950

Lot Details

  • 0.29 Acre Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Combination Foundation
  • Block Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,722 Sq Ft Home
  • Crawl Space

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 144A
  • Assessor Parcel Number 2VILLAGELANEMDLT

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,252

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.29
  • Above Grade Finished Sq Ft: 5722.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1950
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Other, Vinyl
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Block, Combination, Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12632.0
  • Parcel #: 2VILLAGELANEMDLT
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 7252.0
  • Tax Lot: 144A
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2023
Sold by
Cbs Partners Llc
Bought by
Giarrusso Kristen
Current Estimated Value
$648,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Outstanding Balance
$460,714
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 2023
Sold by
Cbs Partners Llc
Bought by
Babcock William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Outstanding Balance
$460,714
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 5, 2022
Closed on
Nov 4, 2022
Sold by
Morris Korey
Bought by
Cbs Partners Llc
Seller's Agent
Dorothy McInnis
Real Broker, LLC
Buyer's Agent
Ben Willett
RE/MAX Results
List Price
$950,000
Sold Price
$750,000
Premium/Discount to List
-$200,000
-21.05%
Views
111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,250
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 5, 2022
Closed on
Sep 30, 2022
Sold by
Ashby Ellaveve H Est
Bought by
Morris Korey
Seller's Agent
Dorothy McInnis
Real Broker, LLC
Buyer's Agent
Ben Willett
RE/MAX Results
List Price
$950,000
Sold Price
$750,000
Premium/Discount to List
-$200,000
-21.05%
Views
111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,250
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2022
Sold by
Ashby Ellaveve H Est
Bought by
Morris Korey

Purchase Details

Closed on
Jul 5, 1984
Bought by
Ellaveve Morris
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
Giarrusso Kristen $529,000 None Available
Babcock William E $529,000 None Available
Cbs Partners Llc $750,000 None Available
Morris Korey -- None Available
Morris Korey -- None Available
Ellaveve Morris -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giarrusso Kristen $472,500
Closed Babcock William E $502,550
Previous Owner Cbs Partners Llc $656,250
Previous Owner Ellaveve Morris $547,500
Previous Owner Ellaveve Morris $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $750,000 -3.2% $131 / Sq Ft
08/28/2022 08/28/22 Pending -- -- --
08/23/2022 08/23/22 Price Changed $775,000 -6.1% $135 / Sq Ft
08/01/2022 08/01/22 Price Changed $825,000 -2.9% $144 / Sq Ft
07/12/2022 07/12/22 Price Changed $850,000 -10.5% $149 / Sq Ft
07/05/2022 07/05/22 For Sale $950,000 -- $166 / 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
2022 $6,220 $517,500 $253,300 $264,200
2021 $6,220 $517,500 $253,300 $264,200
2020 $5,984 $434,900 $193,800 $241,100
2018 $5,980 $434,900 $193,800 $241,100
2016 $5,889 $381,900 $167,400 $214,500
2015 $5,744 $381,900 $167,400 $214,500
2014 $5,367 $334,000 $152,200 $181,800
2013 $5,247 $334,000 $152,200 $181,800
Source: Public Records

Agents Affiliated with this Home

  • Dorothy McInnis

    Seller's Agent in 2022

    Dorothy McInnis

    Real Broker, LLC

    (401) 479-0799

    1 in this area

    6 Total Sales

    Section Image
  • Ben Willett

    Buyer's Agent in 2022

    Ben Willett

    RE/MAX Results

    (401) 835-8810

    7 in this area

    130 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1314766

State-Wide MLS

APN: MIDD-000108-S000000W-000144A

Rhode Island Newport County Middletown 02842 Newport East

2 Village Ln, Middletown, RI

This home is located at 2 Village Ln, Middletown, RI 02842 since 05 July 2022 and is currently priced at $648,568, approximately $113 per square foot. This property was built in 1950. 2 Village Ln is a home located in Newport County with nearby schools including Middletown High School, St Michael's Country Day School, and All Saints STEAM Academy.

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