40 Mill Cove Rd Warwick, RI 02889
Long Meadow Neighborhood
4
Beds
2
Baths
2,782
Sq Ft
0.27
Acres
Highlights
- Water Views
- Cathedral Ceiling
- 1 Fireplace
- Beach Access
- Wood Flooring
- 3 Car Detached Garage
About This Home
As of January 2025Location, location, location! Seize this rare chance to own a stunning two-family property in the charming Riverview community of Warwick. Nestled on a quiet dead-end street and just one house away from the beach, you'll relish morning strolls, beachside picnics, and breathtaking views every day! This meticulously maintained property sits on nearly 12,000 sqft of land and includes two distinct structures. The main house boasts water views, 2 bedrooms, 1 bath, and a remarkable cathedral-ceiling sunroom. Additionally, a separate three-car garage features a 2-bedroom, 1-bath apartment above. With its unique layout and tremendous potential, this property represents a fantastic investment opportunity or year-round home with a separate guest suite. Complete with individual laundry facilities, ample parking and move-in readiness, it's a must-see! Open Houses Saturday and Sunday from 11-12:30!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,878
Year Built
- Built in 1940
Parking
- 3 Car Detached Garage
- Driveway
Home Design
- Shingle Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,782 Sq Ft Home
- 1-Story Property
- Cathedral Ceiling
- 1 Fireplace
- Utility Room
- Water Views
Kitchen
- Oven
- Range
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Partial Basement
- Interior Basement Entry
Outdoor Features
- Beach Access
- Water Access
- Walking Distance to Water
Utilities
- Cooling Available
- Heating System Uses Gas
- Radiant Heating System
- Heating System Uses Steam
- 200+ Amp Service
- Gas Water Heater
- Septic Tank
- Private Sewer
Additional Features
- 0.27 Acre Lot
- Property near a hospital
Listing and Financial Details
- Tax Lot 224
- Assessor Parcel Number 4044MILLCOVERDWARW
Community Details
Overview
- 2 Buildings
- 2 Units
- Riverview Neighborhood Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2024
Closed on
Jan 8, 2025
Sold by
Sciscento Stephen
Bought by
Penny Deborah L
Seller's Agent
Regina Conley
Gibson Sotheby's Int'l Realty
Buyer's Agent
Amy Doorley-Lucas
Mott & Chace Sotheby's Intl.
List Price
$599,000
Sold Price
$640,000
Premium/Discount to List
$41,000
6.84%
Total Days on Market
7
Views
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,452
Avg. Annual Appreciation
-9.41%
Original Mortgage
$150,000
Outstanding Balance
$149,872
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$469,597
Purchase Details
Closed on
May 8, 2009
Sold by
Ragno Janet C
Bought by
Sciscento Stephen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,276
Interest Rate
4.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 22, 2004
Sold by
Lunadelli Patricia M
Bought by
Ragno Janet C
Purchase Details
Closed on
Mar 17, 1994
Sold by
Antone Dawn M
Bought by
Lunardelli Joseph A
Purchase Details
Closed on
Nov 20, 1992
Sold by
Palardy William H and Palardy Patricia
Bought by
Antone Dawn M
Map
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Similar Homes in Warwick, RI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $640,000 | None Available | |
| Deed | $316,000 | -- | |
| Deed | $316,000 | -- | |
| Deed | $305,000 | -- | |
| Deed | $305,000 | -- | |
| Warranty Deed | $120,000 | -- | |
| Warranty Deed | $120,000 | -- | |
| Warranty Deed | $125,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $150,000 | Purchase Money Mortgage | |
| Previous Owner | $310,276 | Commercial | |
| Previous Owner | $20,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/08/2025 01/08/25 | Sold | $640,000 | +6.8% | $230 / Sq Ft |
| 09/11/2024 09/11/24 | Pending | -- | -- | -- |
| 09/04/2024 09/04/24 | For Sale | $599,000 | -- | $215 / Sq Ft |
Source: State-Wide MLS
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 | $7,014 | $484,700 | $194,200 | $290,500 |
| 2023 | $6,878 | $484,700 | $194,200 | $290,500 |
| 2022 | $6,147 | $328,200 | $118,300 | $209,900 |
| 2021 | $6,147 | $328,200 | $118,300 | $209,900 |
| 2020 | $6,147 | $328,200 | $118,300 | $209,900 |
| 2019 | $6,147 | $328,200 | $118,300 | $209,900 |
| 2018 | $5,916 | $284,400 | $118,300 | $166,100 |
| 2017 | $5,756 | $284,400 | $118,300 | $166,100 |
| 2016 | $5,756 | $284,400 | $118,300 | $166,100 |
| 2015 | $5,490 | $264,600 | $115,900 | $148,700 |
| 2014 | $5,308 | $264,600 | $115,900 | $148,700 |
| 2013 | $5,236 | $264,600 | $115,900 | $148,700 |
Source: Public Records
Source: State-Wide MLS
MLS Number: 1367888
APN: WARW-000335-000224-000000
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