NOT LISTED FOR SALE

222 Prospect Ave Middletown, RI 02842

8 Beds
3 Baths
2,249 Sq Ft
1.86 Acres

Last Sold September 30, 2020

Last sale price $825,000 $367 Per Sq Ft

404 Days on Market

Highlights

  • Golf Course Community
  • Wood Burning Stove
  • Wooded Lot
  • 1.86 Acre Lot
  • Private Lot
  • Wood Flooring

About This Home

As of September 2020

Updated interior photos and floor plans--- The unique Sea Whale cottages offer an investment opportunity for weekly rentals, a family compound, or owner-occupied property with the ability for good income. The 3 units have seasonal revenues potential from April through October of approximately $6K a week. All cottages have their own utilities, including heat, and may be rented off-season. The property is located one mile from Second Beach. Restaurants and beaches are nearby. The grounds of these cottages are immaculate. Each cottage has its own driveway, picnic table. etc. The property has its own new well that provides water to all units. The 1.86 ac of land has beautiful plantings and grapevines on the parklike grounds. Units are turnkey furnished with stoves, refrigerators, washers, and dryers.The heated garages/workshop provide space for cars, equipment, and winter storage. The nearly 2-acre parcel provides privacy and may offer an opportunity for expansion. A sub-divison may be possible. This property must be seen to be appreciated. The owners have painstakingly cared for it. Pictures tell a thousand words.

Last Agent to Sell the Property

Kate Leonard

Lila Delman Compass License #RES.0031901 Listed on: 07/23/2019

Lila Delman Compass

Last Buyer's Agent

Joe Fitzpatrick

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,208

Year Built

  • Built in 1930

Lot Details

  • 1.86 Acre Lot
  • Security Fence
  • Private Lot
  • Secluded Lot
  • Wooded Lot

Parking

  • 4 Car Attached Garage
  • Driveway

Home Design

  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,249 Sq Ft Home
  • Furnished
  • Wood Burning Stove
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Outdoor Features

  • Walking Distance to Water
  • Outbuilding

Location

  • Property near a hospital

Utilities

  • Ductless Heating Or Cooling System
  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • 100 Amp Service
  • Well
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 117
  • Assessor Parcel Number 222PROSPECTAVMDLT

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Easton's Point Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,208

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 1.86
  • Subdivision Name: Easton's Point
  • Above Grade Finished Sq Ft: 2249.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1930
  • Special Features: None
  • Stories: 0

Interior Features

  • Furnished: Furnished
  • Number Of Buildings: 3
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Wood, Carpet
  • Interior Amenities: Attic, Permanent Attic Stairs, Tub Shower, Furnished, Cable TV, Wood Burning Stove
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Security
  • Lot Features: Private, Secluded, Wooded
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Other, Vinyl Siding, Wood Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 4.0
  • Garage Spaces: 4.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 13.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Ductless, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 200+ Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 81022.0
  • Parcel #: 222PROSPECTAVMDLT
  • Zoning: R40
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 8208.0
  • Tax Lot: 117
  • Tax Year: 2018
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2020 09/30/20 Sold $825,000 -40.9% $367 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
07/23/2019 07/23/19 For Sale $1,395,000 -- $620 / 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 $13,645 $1,157,300 $569,800 $587,500
2024 $13,031 $1,157,300 $569,800 $587,500
2023 $10,294 $817,600 $365,100 $452,500
2022 $9,828 $817,600 $365,100 $452,500
2021 $9,284 $772,400 $365,100 $407,300
2020 $8,215 $597,000 $311,800 $285,200
2018 $8,209 $597,000 $311,800 $285,200
2016 $7,745 $502,300 $267,000 $235,300
2015 $7,555 $502,300 $267,000 $235,300
2014 $7,259 $451,700 $235,800 $215,900
2013 $7,096 $451,700 $235,800 $215,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1229625

State-Wide MLS

APN: MIDD M:0121 B:NW L:117