NOT LISTED FOR SALE

49 Reservoir Rd Middletown, RI 02842

Estimated Value: $563,000 - $935,000

3 Beds
1 Bath
700 Sq Ft
$986/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $415,000 $593 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,051/month

Highlights

  • Water Views
  • No HOA
  • Bungalow
  • Furnished
  • Ductless Heating Or Cooling System
  • Shops

About This Home

As of February 2024

This single family 3BR/1BA home has recently been completely renovated. The home is located right off of Aquidneck Drive and just a short walk to Easton's beach and downtown Middletown. Very close to all the local beaches and just a short drive to downtown Newport. Comes with a large backyard and plenty of off-street parking. Winter Rental (Seasonal); Available 9/3/2024 through May 22nd 2025. Utilities Not Included. Fully Furnished.

Last Agent to Rent the Property

John Long

HomeSmart Professionals Brokerage Phone: 401-921-5011 License #RES.0041079 Listed on: 02/12/2024

HomeSmart Professionals

Last Renter's Agent

Matthew Reynolds

Edge Realty RI License #RES.0048366

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,697

Year Built

  • Built in 1950

Lot Details

  • 7,841

Home Design

  • Bungalow
  • Vinyl Siding

Interior Spaces

  • 700 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Laminate Flooring
  • Water Views
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 4 Parking Spaces
  • No Garage
  • Unassigned Parking

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 9/3/24
  • Month-to-Month Lease Term
  • Assessor Parcel Number 49RESERVOIRRDMDLT

Community Details

Overview

  • No Home Owners Association

Amenities

  • Shops
  • Restaurant

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,697

Year Built

Built in 1950

Lot Details

0

Rental Info

  • Lease Term: Month To Month
  • Available Date: 2024-09-03
  • Security Deposit: 2200.0

Listing Details

  • Prop. Type: Residential Lease
  • Inclusions: This apartment is small ~700 square feet.
  • Above Grade Finished Sq Ft: 700.0
  • Architectural Style: Bungalow
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1950
  • Attribution Contact: 401-921-5011
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Appliances: Electric Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: First Floor Access,Private Entry
  • Flooring: Laminate
  • Living Area: 700.0
  • Stories: 1

Exterior Features

  • View: Water
  • View: Yes
  • Construction Type: Drywall, Vinyl Siding

Garage/Parking

  • Parking Features: No Garage, Unassigned
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Individual
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Water Tap Fee

Condo/Co-op/Association

  • Community Features: Near Schools, Restaurant, Shopping
  • Senior Community: No
  • HOA Rent Includes: Laundry Facilities, Parking
  • Association: No
  • Pets Allowed: No

Lot Info

  • Parcel #: 49RESERVOIRRDMDLT
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2023
Sold by
Acrobatico Invs Inc
Bought by
49 Reservoir Road Llc
Current Estimated Value
$690,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$442,225
Interest Rate
7.29%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$248,090

Purchase Details

Listed on
Oct 27, 2021
Closed on
Dec 21, 2021
Sold by
Pine Paul J Est and Pine
Bought by
Acrobatico Invs Inc
Seller's Agent
Teri Degnan
Teri Degnan RE & Consulting
Buyer's Agent
John Long
HomeSmart Professionals
List Price
$429,000
Sold Price
$415,000
Premium/Discount to List
-$14,000
-3.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.41%

Purchase Details

Closed on
Mar 25, 2011
Sold by
Pine Andrew D
Bought by
Pine Paul J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.07%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
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
49 Reservoir Road Llc -- None Available
49 Reservoir Road Llc -- None Available
Acrobatico Invs Inc $415,000 None Available
Acrobatico Invs Inc $415,000 None Available
Pine Paul J -- --
Pine Paul J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 49 Reservoir Road Llc $450,000
Closed 49 Reservoir Road Llc $450,000
Previous Owner Pine Paul J $285,000
Previous Owner Pine Paul J $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2024 02/20/24 Rented $2,200 0.0% --
02/20/2024 02/20/24 Under Contract -- -- --
02/12/2024 02/12/24 For Rent $2,200 0.0% --
12/22/2021 12/22/21 Sold $415,000 -3.3% $774 / Sq Ft
11/22/2021 11/22/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $429,000 -- $800 / 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 $4,697 $417,100 $320,900 $96,200
2023 $3,819 $303,300 $234,000 $69,300
2022 $3,646 $303,300 $234,000 $69,300
2021 $3,646 $303,300 $234,000 $69,300
2020 $3,505 $254,700 $180,000 $74,700
2018 $3,502 $254,700 $180,000 $74,700
2016 $3,550 $230,200 $162,600 $67,600
2015 $3,462 $230,200 $162,600 $67,600
2014 $3,592 $223,500 $147,700 $75,800
2013 $3,511 $223,500 $147,700 $75,800
Source: Public Records

Agents Affiliated with this Home

  • John Long

    Landlord's Agent in 2024

    John Long

    HomeSmart Professionals

    (774) 451-2163

    3 in this area

    55 Total Sales

    John Long
    Section Image

  • M

    Tenant's Agent in 2024

    Matthew Reynolds

    Edge Realty RI

    (401) 477-0056

    2 Total Sales

    Matthew Reynolds
    Section Image
  • Teri Degnan

    Seller's Agent in 2021

    Teri Degnan

    Teri Degnan RE & Consulting

    (401) 474-9191

    29 in this area

    138 Total Sales

    Teri Degnan
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1352686

State-Wide MLS

APN: MIDD-000115-S000000E-000032

Rhode Island Newport County Middletown 02842

49 Reservoir Rd, Middletown, RI

This home is located at 49 Reservoir Rd, Middletown, RI 02842 since 12 February 2024 and is currently priced at $690,315. This property was built in 1950. 49 Reservoir Rd is a home located in Newport County with nearby schools including Middletown High School, St Michael's Country Day School, and St George's School.

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