NOT LISTED FOR SALE

46 Vernon Ave Middletown, RI 02842

Newport East Neighborhood

Estimated Value: $666,000 - $902,000

3 Beds
3 Baths
1,370 Sq Ft
$608/Sq Ft Est. Value

Last Sold October 18, 2023

Last sale price $787,000 $574 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,999/month

35 Days on Market

Highlights

  • Colonial Architecture
  • Ductless Heating Or Cooling System
  • Tankless Water Heater
  • Attic
  • Bathtub with Shower
  • 2-minute walk to Vernon Park

About This Home

As of October 2023

Welcome to 46 Vernon! This delightful completely updated home is the perfect coastal retreat you've been looking for. This home is situated on a corner lot and across the street from the park, just 5 minutes from Downtown Newport! Step inside to find an open floor plan with a bright and modern kitchen with stainless steel appliances, shaker cabinets and quartz countertops. The first floor also has a full bathroom for your convenience, and a cozy living room/dining area. Upstairs, you'll find three spacious bedrooms, including a master ensuite and an additional full bathroom. All new mechanicals including mini splits for heat and air. One of the many perks of this home is its proximity to all that Newport has to offer. You'll be just minutes away from stunning beaches, scenic parks, and the vibrant downtown area of Newport, offering a plethora of dining, shopping, and entertainment options. Don't miss the opportunity to make 46 Vernon Avenue your home. Schedule a viewing today and experience coastal living at its best!

Last Agent to Sell the Property

Joe Fitzpatrick

RE/MAX Results Listed on: 09/12/2023

RE/MAX Results

Last Buyer's Agent

Ryan Shea

HomeSmart Professionals License #RES.0041770

HomeSmart Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,571

Year Built

  • Built in 1940

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,370 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • No Garage

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Gas
  • Heat Pump System
  • 100 Amp Service
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 183/A/ / SW
  • Assessor Parcel Number 46VERNONAVMDLT

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,571

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Above Grade Finished Sq Ft: 1370.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1940
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: Attic, Bathtub, Permanent Attic Stairs, Tub Shower
  • Living Area: 1370.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Gas, Heat Pump
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 0.7
  • Parcel #: 46VERNONAVMDLT
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3571.0
  • Tax Block: SW
  • Tax Lot: 183/A/
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Oct 18, 2023
Sold by
Rhodey Holdings Llc
Bought by
Alessandro Brett D and Modero Alexa
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Ryan Shea
HomeSmart Professionals
List Price
$779,000
Sold Price
$787,000
Premium/Discount to List
$8,000
1.03%
Views
22
Current Estimated Value
$833,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,430
Avg. Annual Appreciation
-2.66%
Original Mortgage
$629,600
Outstanding Balance
$617,445
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$130,442

Purchase Details

Listed on
Sep 2, 2021
Closed on
Oct 27, 2021
Sold by
Panasci Felix and Panasci Melanie P
Bought by
Pacestter Properties Llc
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$299,000
Sold Price
$284,900
Premium/Discount to List
-$14,100
-4.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
67.06%
Original Mortgage
$330,510
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 1997
Sold by
Holmes James S and Holmes Gail
Bought by
Panasci Felix

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,850
Interest Rate
7.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 1996
Sold by
Archway Re Llc
Bought by
Holmes James S and Holmes Gail
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Alessandro Brett D $787,000 None Available
Pacestter Properties Llc $284,900 None Available
Panasci Felix $86,500 --
Holmes James S $37,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alessandro Brett D $629,600
Previous Owner Rhodey Holdings Llc $500,000
Previous Owner Pacestter Properties Llc $330,510
Previous Owner Pacesetter Prop Llc $28,490
Previous Owner Holmes James S $77,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2023 10/18/23 Sold $787,000 +1.0% $574 / Sq Ft
09/12/2023 09/12/23 For Sale $779,000 +173.4% $569 / Sq Ft
10/27/2021 10/27/21 Sold $284,900 -4.7% $264 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $299,000 -- $277 / 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 $5,918 $525,600 $213,000 $312,600
2023 $3,691 $293,200 $137,400 $155,800
2022 $3,325 $276,600 $137,400 $139,200
2021 $3,325 $276,600 $137,400 $139,200
2020 $2,997 $217,800 $101,500 $116,300
2018 $2,995 $217,800 $101,500 $116,300
2016 $2,877 $186,600 $85,100 $101,500
2015 $2,806 $186,600 $85,100 $101,500
2014 $2,807 $174,700 $77,400 $97,300
2013 $2,745 $174,700 $77,400 $97,300
Source: Public Records

Agents Affiliated with this Home

  • Joe Fitzpatrick

    Seller's Agent in 2023

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    46 in this area

    697 Total Sales

    Joe Fitzpatrick
    Section Image
  • Ryan Shea

    Buyer's Agent in 2023

    Ryan Shea

    HomeSmart Professionals

    (401) 855-3778

    5 in this area

    79 Total Sales

    Ryan Shea
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1343812

State-Wide MLS

APN: MIDD-000108-S000000W-000183A

Rhode Island Newport County Middletown 02840 Newport East

46 Vernon Ave, Middletown, RI

This home is located at 46 Vernon Ave, Middletown, RI 02842 since 12 September 2023 and is currently estimated at $833,430, approximately $608 per square foot. This property was built in 1940. 46 Vernon Ave is a home located in Newport County with nearby schools including Middletown High School, St Michael's Country Day School, and All Saints STEAM Academy.

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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