NOT LISTED FOR SALE

440 Forest Ave Middletown, RI 02842

Estimated Value: $844,000 - $993,000

4 Beds
2 Baths
3,011 Sq Ft
$303/Sq Ft Est. Value

Last Sold June 08, 2022

Last sale price $725,000 $241 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,471/month

5 Days on Market

Highlights

  • Beach Access
  • Wood Flooring
  • Tennis Courts
  • Golf Course Community
  • Corner Lot
  • 4 Car Attached Garage

About This Home

As of June 2022

Just in time for summer-Exceptional opportunity awaits with this completely renovated 2 Unit conveniently located minutes from downtown Newport and area beaches. Endless possibilities, turn this beautiful property in to summer rentals or rent one side and live in the other, more importantly live close to the ocean and enjoy all that Aquidneck Island has to offer. Both units have updated kitchens w/SS appliances, bathrooms, new heating systems, central air, updated electrical, new flooring, interior and exterior painting, new utility room for both units and much more. Units are spacious w/large windows & high ceilings leaving plenty of sunshine in for those warm sunny days. There is a large driveway for off street parking for each unit totaling 4 spots-2 for each unit. Gas, water & sewer located near all conveniences. Showings start on Friday-Don't miss out on this amazing opportunity.

Last Agent to Sell the Property

Jason Saphire

www.HomeZu.com License #REB.0016418 Listed on: 05/18/2022

Last Buyer's Agent

Karen Dill

Homes By Connect License #RES.0034999

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,910

Year Built

  • Built in 1979

Lot Details

  • 0.29 Acre Lot
  • Corner Lot

Home Design

  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 3,011 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Car Attached Garage
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Underground Utilities
  • 200+ Amp Service
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Beach Access
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 152
  • Assessor Parcel Number 440FORESTAVMDLT

Community Details

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Additional Features

  • 2 Units
  • Operating Expense $5,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,910

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.287
  • Above Grade Finished Sq Ft: 3011.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront Features: Beach Access
  • Construction Type: Clapboard
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Built In
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Available, Sewer Connected, Underground Utilities, Water Available
  • Water Source: Connected, Multiple Meters

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12500.0
  • Parcel #: 440FORESTAVMDLT
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 5000.0

Tax Info

  • Tax Annual Amount: 4910.0
  • Tax Block: 00
  • Tax Lot: 152
  • Tax Year: 2021

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
06/08/2022 06/08/22 Sold $725,000 -9.3% $241 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $799,000 -- $265 / 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 $7,331 $651,100 $315,300 $335,800
2023 $5,143 $408,500 $203,400 $205,100
2022 $4,910 $408,500 $203,400 $205,100
2021 $4,910 $408,500 $203,400 $205,100
2020 $4,819 $350,200 $150,400 $199,800
2018 $4,815 $350,200 $150,400 $199,800
2016 $4,894 $317,400 $126,100 $191,300
2015 $4,774 $317,400 $126,100 $191,300
2014 $4,440 $276,300 $114,600 $161,700
2013 $4,336 $276,000 $114,600 $161,400
Source: Public Records

Agents Affiliated with this Home

  • Jason Saphire

    Seller's Agent in 2022

    Jason Saphire

    www.HomeZu.com

    (877) 249-5478

    3 in this area

    1,204 Total Sales

    Jason Saphire
    Section Image
  • Karen Dill

    Buyer's Agent in 2022

    Karen Dill

    Homes By Connect

    (401) 741-2541

    10 in this area

    26 Total Sales

    Karen Dill
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1310544

State-Wide MLS

APN: MIDD-000113-000000-000152

Rhode Island Newport County Middletown 02842

440 Forest Ave, Middletown, RI

This home is located at 440 Forest Ave, Middletown, RI 02842 since 18 May 2022 and is currently estimated at $912,218, approximately $302 per square foot. This property was built in 1979. 440 Forest Ave is a home located in Newport County with nearby schools including Middletown High School, All Saints STEAM Academy, and The Pennfield 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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