NOT LISTED FOR SALE

262 Prospect Ave Middletown, RI 02842

Newport East Neighborhood

Estimated Value: $1,030,000 - $1,476,000

4 Beds
2.5 Baths
3,556 Sq Ft
$342/Sq Ft Est. Value

Last Sold January 12, 2015

Last sale price $487,000 $137 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $7,589/month

93 Days on Market

Highlights

  • Golf Course Community
  • Colonial Architecture
  • Wood Flooring
  • 0.81 Acre Lot
  • Deck
  • 2 Fireplaces

About This Home

As of January 2015

Well Maintained SF with 4 Bedrooms,2.5 Bthrms, Walk in Closets, Master En Suite, Hardwoods, New Additional Grand Room, Large Deck. 2 mins to two beaches, Aquidneck and St Georges Schools, Just under an acre of land. Hidden and Quiet. A must see!!

Last Agent to Sell the Property

Denise Murray

Keller Williams Coastal License #RES.0031675 Listed on: 09/10/2014

Keller Williams Coastal

Last Buyer's Agent

Michele Mullowney

Hogan Associates Christie's License #RES.0028743

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,377

Year Built

  • Built in 1984

Lot Details

  • 0.81 Acre Lot
  • Property is zoned R40

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 2-Story Property
  • 2 Fireplaces
  • Marble Fireplace
  • Fireplace Features Masonry
  • Thermal Windows
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Cedar Closet

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Walking Distance to Water
  • Deck

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Steam
  • Underground Utilities
  • Well
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 114
  • Assessor Parcel Number 262PROSPECTAVMDLT

Community Details

Overview

  • St. Georges / Paradise Avenue Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,377

Year Built

Built in 1984

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.81
  • Subdivision Name: ST. GEORGES / PARADISE AVENUE
  • Above Grade Finished Sq Ft: 2708.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1984
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Oven, Oil Water Heater, Range, Refrigerator
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 848.0
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry, Marble
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Cedar Closet(s)
  • Living Area: 3556.0
  • Stories: 2
  • Window Features: Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Clapboard, Shingle Siding, Wood Siding
  • Exterior Features: Deck, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • Total Parking Spaces: 1.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected, Underground Utilities
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Golf, Near Schools, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 35284.0
  • Parcel #: 262PROSPECTAVMDLT
  • Zoning: R40
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 7377.0
  • Tax Lot: 114
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2014
Closed on
Jan 12, 2015
Sold by
Rich Thomas C and Rich Corinne J
Bought by
Ryan Patrick C and Ryan Kathy A
Seller's Agent
Denise Murray
Keller Williams Coastal
Buyer's Agent
Michele Mullowney
Hogan Associates Christie's
List Price
$569,000
Sold Price
$487,000
Premium/Discount to List
-$82,000
-14.41%
Total Days on Market
93
Current Estimated Value
$1,216,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$729,025
Avg. Annual Appreciation
9.19%
Original Mortgage
$340,000
Outstanding Balance
$265,575
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$950,450
Source: Public Records

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Range of Values:

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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
Ryan Patrick C $487,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryan Patrick C $340,000
Previous Owner Rich Thomas C $300,000
Previous Owner Rich Thomas C $180,000
Previous Owner Rich Thomas C $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2015 01/12/15 Sold $487,000 -14.4% $137 / Sq Ft
12/13/2014 12/13/14 Pending -- -- --
09/10/2014 09/10/14 For Sale $569,000 -- $160 / 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
2024 $9,471 $841,100 $473,800 $367,300
2023 $6,860 $544,900 $297,000 $247,900
2022 $6,550 $544,900 $297,000 $247,900
2021 $6,550 $544,900 $297,000 $247,900
2020 $7,064 $513,400 $288,900 $224,500
2018 $7,059 $513,400 $288,900 $224,500
2016 $7,301 $473,500 $246,500 $227,000
2015 $7,651 $508,700 $246,500 $262,200
2014 $7,546 $469,600 $216,100 $253,500
2013 $7,377 $469,600 $216,100 $253,500
Source: Public Records

Agents Affiliated with this Home

  • Denise Murray

    Seller's Agent in 2015

    Denise Murray

    Keller Williams Coastal

    (401) 855-4946

    2 Total Sales

    Denise Murray
    Section Image
  • Michele Mullowney

    Buyer's Agent in 2015

    Michele Mullowney

    Hogan Associates Christie's

    (401) 680-6588

    Michele Mullowney
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1078452

State-Wide MLS

APN: MIDD-000121-N000000W-000114

Rhode Island Newport County Middletown 02842 Newport East

262 Prospect Ave, Middletown, RI

This home is located at 262 Prospect Ave, Middletown, RI 02842 since 10 September 2014 and is currently estimated at $1,216,025, approximately $341 per square foot. This property was built in 1984. 262 Prospect Ave is a home located in Newport County with nearby schools including Middletown High School, St Michael's Country Day School, and St George's School.

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