NOT LISTED FOR SALE

362 Forest Ave Middletown, RI 02842

Estimated Value: $537,000 - $721,000

3 Beds
2 Baths
2,294 Sq Ft
$282/Sq Ft Est. Value

Last Sold February 12, 2021

Last sale price $432,000 $188 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,899/month

29 Days on Market

Highlights

  • Golf Course Community
  • Wood Flooring
  • Corner Lot
  • Cape Cod Architecture
  • Attic
  • 1 Car Detached Garage

About This Home

As of February 2021

Well constructed and maintained Cape Cod style house on a generously sized corner lot centrally located to shopping, schools, beaches and a 10 minute drive to downtown Newport. Pride of ownership is apparent throughout. There is a finished lower level previously used as an in-law apartment that lends itself to a multitude of uses such as a home office, artist's studio or guest accommodations. The lower level has its own private access from Winfield Court with plenty of off-street parking. The detached garage and shed, both with electricity, is perfect for a hobbyist or woodworker. This home has a versatile, flexible floor plan is a good value at $439,000.

Last Agent to Sell the Property

Paul Tobak

Hogan Associates Christie's License #REB.0007427 Listed on: 12/14/2020

Co-Listed By

Norann Warner

Hogan Associates Christie's License #RES.0042950

Last Buyer's Agent

Linda Dimauro

Redfin Corporation License #RES.0042075

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,096

Year Built

  • Built in 1941

Lot Details

  • 0.37 Acre Lot
  • Corner Lot
  • Property is zoned R-20

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Cape Cod Architecture
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 2-Story Property
  • Gas Fireplace
  • Storage Room
  • Utility Room
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

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

Utilities

  • No Cooling
  • Zoned Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 133&140A
  • Assessor Parcel Number 362FORESTAVMDLT

Community Details

Overview

  • Forest Ave Elementary School Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,096

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.3673
  • Co List Office Mls Id: HOGN
  • Co List Office Phone: 401-845-9500
  • Subdivision Name: Forest Ave Elementary School
  • Above Grade Finished Sq Ft: 1433.0
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1941
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 861.0
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Wood
  • Interior Amenities: Attic, Permanent Attic Stairs, Tub Shower, Cable TV
  • Living Area: 2294.0
  • Dining Room Type: Bathroom, Bedroom, Kitchen, Laundry, Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Drywall, Plaster, Clapboard, Shingle Siding, Wood Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 5.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Central, Gas, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Near Schools, Public Transportation, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16000.0
  • Parcel #: 362FORESTAVMDLT
  • Zoning: R-20
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4096.0
  • Tax Lot: 133&140A
  • Tax Year: 2020

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2020
Closed on
Feb 4, 2021
Sold by
Pucciarelli Karen C
Bought by
Floyd Erik L and Green Britany
Seller's Agent
Paul Tobak
Hogan Associates Christie's
Buyer's Agent
Linda Dimauro
Redfin Corporation
List Price
$439,000
Sold Price
$432,000
Premium/Discount to List
-$7,000
-1.59%
Current Estimated Value
$647,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,285
Avg. Annual Appreciation
8.79%
Original Mortgage
$424,175
Outstanding Balance
$376,962
Interest Rate
2.6%
Mortgage Type
FHA
Estimated Equity
$270,323

Purchase Details

Closed on
Nov 27, 1995
Sold by
Sullivan Karen Costell and Sullivan Jeremiah D
Bought by
Sullivan Karen Costell
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Floyd Erik L $432,000 None Available
Sullivan Karen Costell $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Floyd Erik L $424,175
Previous Owner Sullivan Karen Costell $120,955
Previous Owner Sullivan Karen Costell $105,390
Previous Owner Sullivan Karen Costell $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2021 02/12/21 Sold $432,000 -1.6% $188 / Sq Ft
01/13/2021 01/13/21 Pending -- -- --
12/14/2020 12/14/20 For Sale $439,000 -- $191 / 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 $6,052 $513,300 $307,200 $206,100
2024 $5,780 $513,300 $307,200 $206,100
2023 $4,561 $362,300 $198,200 $164,100
2022 $4,355 $362,300 $198,200 $164,100
2021 $4,355 $362,300 $198,200 $164,100
2020 $3,933 $285,800 $146,500 $139,300
2018 $3,930 $285,800 $146,500 $139,300
2016 $3,932 $255,000 $122,900 $132,100
Source: Public Records

Agents Affiliated with this Home

  • Paul Tobak

    Seller's Agent in 2021

    Paul Tobak

    Hogan Associates Christie's

    (401) 862-9962

    4 in this area

    29 Total Sales

    Paul Tobak
    Section Image

  • N

    Seller Co-Listing Agent in 2021

    Norann Warner

    Hogan Associates Christie's

    (401) 787-0969

    2 in this area

    4 Total Sales

    Norann Warner
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1271547

State-Wide MLS

APN: MIDD M:0113 B:00 L:133

Rhode Island Newport County Middletown 02842

362 Forest Ave, Middletown, RI

Not Listed for Sale

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