NOT LISTED FOR SALE

291 Prospect Ave Middletown, RI 02842

Newport East Neighborhood
5 Beds
3 Baths
5,556 Sq Ft
0.53 Acres

Last Sold March 26, 2021

Last sale price $1,280,000 $230 Per Sq Ft

15 Days on Market

Highlights

  • Water Views
  • Deck
  • Attic
  • 0.53 Acre Lot
  • Wood Flooring
  • Tennis Courts

About This Home

As of March 2021

Sold in conjunction with MLS#1274295 which is a single family home on the same lot. Ideal family compound or 1031 Exchange opportunity. Enjoy this prime location within walking distance to Easton's Beach (First Beach), Sachuest Beach (Second Beach), and Easton's Pond as well the Middletown beach district which comprises trendy cafes, surf & bike shops, and restaurants. This three family is fully rented with yearly leases in place. Each unit has its own private outdoor space and entry. Unit 1 composes most of the second floor with spacious deck & water views. Unit 2 is townhouse style with updated kitchen cabinetry, granite countertops, and private yard. Unit 3 has its own front porch, updated kitchen, and large bedroom. All units have laundry and come with two parking spaces each. Lovely southwestern sunlight abounds in all the units. Potential for expansion in the untapped attic space. Wonderful grounds make entertaining easy and enjoyable. Engineering and development plans included with the sale for potential subdivision or condo conversion. (Approximate living square footage of the three family is 3000. Licensee estimated.)

Last Agent to Sell the Property

Karin Jackson

Compass / Lila Delman Compass Listed on: 02/08/2021

Compass / Lila Delman Compass

Last Buyer's Agent

Karin Jackson

Compass / Lila Delman Compass Listed on: 02/08/2021

Compass / Lila Delman Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,121

Year Built

  • Built in 1960

Lot Details

  • 0.53 Acre Lot

Home Design

  • Slab Foundation
  • Wood Siding
  • Shingle Siding
  • Plaster

Interior Spaces

  • 5,556 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Water Views
  • Attic
  • Unfinished Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Porch

Utilities

  • Window Unit Cooling System
  • Zoned Heating and Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • 200+ Amp Service
  • 100 Amp Service
  • Well
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 47
  • Assessor Parcel Number 291PROSPECTAVMDLT

Community Details

Overview

  • 3 Units
  • Paradise/Wolcott Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Tennis Courts
  • Recreation Facilities

Building Details

  • Operating Expense $20,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,121

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.53
  • Subdivision Name: Paradise/Wolcott
  • Above Grade Finished Sq Ft: 5556.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1960
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: None, Unfinished
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
  • Interior Amenities: Attic, Bathtub, Skylights, Tub Shower
  • Stories: 2
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: Estimated

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Shingle Siding, Wood Siding
  • Exterior Features: Deck, Porch, Paved Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Hot Water, Oil, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 200+ Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 23086.0
  • Parcel #: 291PROSPECTAVMDLT
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 20200.0

Tax Info

  • Tax Annual Amount: 11121.0
  • Tax Lot: 47
  • Tax Year: 2020

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2021 03/26/21 Sold $1,280,000 -8.6% $230 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $1,400,000 -- $252 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Karin Jackson

    Seller's Agent in 2021

    Karin Jackson

    Compass / Lila Delman Compass

    (401) 338-3771

    10 in this area

    157 Total Sales

    Karin Jackson
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Map

Source: State-Wide MLS

MLS Number: 1274296

State-Wide MLS

Rhode Island Newport County Middletown 02842 Newport East

291 Prospect Ave, Middletown, RI

This home is located at 291 Prospect Ave, Middletown, RI 02842 since 08 February 2021. This property was built in 1960. 291 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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