NOT LISTED FOR SALE

357 Valley Rd Middletown, RI 02842

Newport East Neighborhood

Estimated Value: $611,000 - $819,000

3 Beds
1.5 Baths
1,272 Sq Ft
$540/Sq Ft Est. Value

Last Sold November 15, 2021

Last sale price $494,000 $388 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,563/month

52 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Heating System Uses Gas
  • 2 Car Detached Garage

About This Home

As of November 2021

Welcome to 357 Valley Road. This charming, well-maintained home features many original period details. Situated on an oversized lot with plenty of parking, one can wander down the back of the property to Bailey's Brook and beyond. No flood insurance is required! The first floor boasts a circular floor plan, flowing from the foyer, living room, dining room, and kitchen. Powder and laundry rooms are conveniently located right off the kitchen and back entrance. Upstairs you will find three bedrooms, a full bath, and ample closet spaces. Enjoy a short commute to beaches, shopping, and easy access to both the Newport and Sakonnett Bridges. The two-car detached garage/workshop has electricity and a heated pad, yet is in need of some work on the rear wall.

Last Agent to Sell the Property

Shannon Walker

Hogan Associates Christie's License #RES.0044869 Listed on: 08/24/2021

Last Buyer's Agent

Joe Fitzpatrick

RE/MAX Results

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,534

Year Built

  • Built in 1935

Lot Details

  • 0.39 Acre Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,272 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Water Heater

Listing and Financial Details

  • Tax Lot 1B
  • Assessor Parcel Number 357VALLEYRDMDLT

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,534

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 0.39
  • Above Grade Finished Sq Ft: 1272.0
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1935
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Tub Shower
  • Living Area: 1272.0
  • Stories: 2
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: See Remarks

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, 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: 16988.0
  • Parcel #: 357VALLEYRDMDLT
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4534.0
  • Tax Lot: 1B
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Jan 11, 2022
Sold by
Paras Brendan
Bought by
357 Valley Road Llc
Seller's Agent
Shannon Walker
Hogan Associates Christie's
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$470,000
Sold Price
$494,000
Premium/Discount to List
$24,000
5.11%
Current Estimated Value
$745,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,310
Avg. Annual Appreciation
11.30%
Original Mortgage
$444,600
Interest Rate
3.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 24, 2021
Closed on
Nov 15, 2021
Sold by
Mcpherson Gloria J
Bought by
Paras Brendan
Seller's Agent
Shannon Walker
Hogan Associates Christie's
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$470,000
Sold Price
$494,000
Premium/Discount to List
$24,000
5.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,600
Interest Rate
3.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 1993
Sold by
Smith William H
Bought by
Mcpherson Harold W and Mcpherson Gloria
Source: Public Records

Range of Values:

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Average Value
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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
357 Valley Road Llc -- None Available
Paras Brendan $494,000 None Available
Mcpherson Harold W $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paras Brendan $444,600
Previous Owner Mcpherson Harold W $65,000
Previous Owner Mcpherson Harold W $55,000
Previous Owner Mcpherson Harold W $35,000
Previous Owner Mcpherson Harold W $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2021 11/15/21 Sold $494,000 +5.1% $388 / Sq Ft
10/16/2021 10/16/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $470,000 -- $369 / 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 $5,788 $514,000 $266,400 $247,600
2023 $4,062 $322,600 $151,700 $170,900
2022 $3,839 $319,400 $151,700 $167,700
2021 $3,839 $319,400 $151,700 $167,700
2020 $3,785 $275,100 $131,900 $143,200
2018 $3,783 $275,100 $131,900 $143,200
2016 $3,446 $223,500 $100,300 $123,200
2015 $3,361 $223,500 $100,300 $123,200
2014 $3,529 $219,600 $91,200 $128,400
2013 $3,450 $219,600 $91,200 $128,400
Source: Public Records

Agents Affiliated with this Home

  • Shannon Walker

    Seller's Agent in 2021

    Shannon Walker

    Hogan Associates Christie's

    (401) 556-4777

    1 in this area

    34 Total Sales

    Section Image
  • Joe Fitzpatrick

    Buyer's Agent in 2021

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    45 in this area

    698 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1291916

State-Wide MLS

APN: MIDD-000114-000000-000001B

Rhode Island Newport County Middletown 02842 Newport East

357 Valley Rd, Middletown, RI

This home is located at 357 Valley Rd, Middletown, RI 02842 since 24 August 2021 and is currently estimated at $686,611, approximately $539 per square foot. This property was built in 1935. 357 Valley Rd is a home located in Newport County with nearby schools including Middletown High School, All Saints STEAM Academy, and St Michael's Country Day School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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