T
Seller's Agent in 2020
The Donovan Group
Homes By Connect
(401) 323-3546
12 in this area
228 Total Sales
20 Donald Dr Middletown, RI 02842
Estimated Value: $1,245,000 - $1,533,805
7
Beds
5
Baths
7,824
Sq Ft
$172/Sq Ft
Est. Value
Highlights
- Marina
- Golf Course Community
- 1 Fireplace
- Water Views
- Wood Flooring
- Corner Lot
About This Home
As of May 2020INVESTORS TAKE NOTICE of this rare opportunity to own two excellent residential rental properties plus two additional garage rental spots in ideal Middletown location!! Strong rental numbers with projected rents of $70,000 per year and a cap rate of approximately 8%. This unique property includes a 4-bedroom stately colonial home fronting onto a quiet dead end street in Chase Estates as well as a stylish 3-bedroom lofted residence with year round water views fronting onto Chase's Lane. The colonial style home has comfortable layout with kitchen opening into dining room, front-to-back large living room, breezeway to one-car garage and back deck with private back yard. The lofted space has open living area, radiant heating, chef's kitchen, master bedroom with en suite bath and two additional bedrooms and full bath plus large front deck with beautiful sunset views of Narragansett Bay. This property has been extremely well maintained. Two of the three garage bays could be rented separately (third bay being utilized by 3-bedroom loft). Tenants in place and leases run through April 2020.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,625
Year Built
- Built in 1960
Lot Details
- 0.4 Acre Lot
- Cul-De-Sac
- Corner Lot
Parking
- 3 Car Attached Garage
- Driveway
Home Design
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 7,824 Sq Ft Home
- 1 Fireplace
- Storage Room
- Water Views
- Storm Doors
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Location
- Property near a hospital
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Heating System Uses Oil
- Baseboard Heating
- Heating System Uses Steam
- 200+ Amp Service
- Gas Water Heater
- Oil Water Heater
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 27
- Assessor Parcel Number 2022DONALDDRMDLT
Community Details
Overview
- 2 Buildings
- 2 Units
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Building Details
- Operating Expense $5,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 16, 2019
Closed on
May 5, 2020
Sold by
Mccarthy Edward W
Bought by
Carroll Ft
Seller's Agent
The Donovan Group
Homes By Connect
Buyer's Agent
Bertie Macgowan
Gustave White Sotheby's Realty
List Price
$799,000
Sold Price
$799,000
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
$542,951
Avg. Annual Appreciation
10.14%
Purchase Details
Closed on
Jan 4, 2005
Sold by
Carney Patrick and Carney Patricia
Bought by
Mccarthy Edward
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,600
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 14, 1991
Sold by
Carney Joseph F
Bought by
Carney Mary E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
9.41%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Carroll Ft | $799,000 | None Available | |
| Mccarthy Edward | $378,000 | -- | |
| Carney Mary E | $120,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Carney Mary E | $480,000 | |
| Previous Owner | Carney Mary E | $264,600 | |
| Previous Owner | Carney Mary E | $112,000 | |
| Previous Owner | Carney Mary E | $87,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/08/2020 05/08/20 | Sold | $799,000 | 0.0% | $102 / Sq Ft |
| 04/08/2020 04/08/20 | Pending | -- | -- | -- |
| 10/16/2019 10/16/19 | For Sale | $799,000 | -- | $102 / 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 | $12,580 | $1,117,200 | $365,700 | $751,500 |
| 2023 | $8,473 | $673,000 | $236,000 | $437,000 |
| 2022 | $8,003 | $665,800 | $236,000 | $429,800 |
| 2021 | $8,003 | $665,800 | $236,000 | $429,800 |
| 2020 | $7,631 | $554,600 | $174,400 | $380,200 |
| 2018 | $7,626 | $554,600 | $174,400 | $380,200 |
| 2016 | $7,573 | $491,100 | $146,300 | $344,800 |
| 2015 | $7,386 | $491,100 | $146,300 | $344,800 |
| 2014 | $6,825 | $424,700 | $133,000 | $291,700 |
| 2013 | $6,672 | $424,700 | $133,000 | $291,700 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2020
Bertie Macgowan
Gustave White Sotheby's Realty
(401) 225-1061
15 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1239024
APN: MIDD-000107-N000000W-000027
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