NOT LISTED FOR SALE

499 Aquidneck Ave Middletown, RI 02842

Estimated Value: $841,000 - $1,014,000

4 Beds
3 Baths
3,166 Sq Ft
$304/Sq Ft Est. Value

Last Sold September 02, 2022

Last sale price $740,000 $234 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,840/month

140 Days on Market

Highlights

  • Wood Flooring
  • Walking Distance to Water
  • Bathtub with Shower
  • Attic
  • Window Unit Cooling System
  • Public Transportation

About This Home

As of September 2022

Multi family located 1 and 1/2 mile to 1st or 2nd Beach. First time in 50 years that this attractive home has been available to own. This low maintenance property has seen many substantial upgrades. First floor unit has 2 bedrooms and two baths, laundry and private access to basement. Second floor offers 2 bedrooms with laundry in unit. Ideal for investor or owner occupied.

Last Agent to Sell the Property

Karen O'Brien

William Raveis Inspire License #RES.0015351 Listed on: 04/07/2022

William Raveis Inspire

Last Buyer's Agent

Ben Willett

RE/MAX Results License #REB.0019095

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,747

Year Built

  • Built in 1900

Lot Details

  • 9,583

Home Design

  • Combination Foundation
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 3,166 Sq Ft Home
  • 2-Story Property
  • Attic

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Heating System Uses Steam
  • 220 Volts
  • 100 Amp Service
  • Private Water Source
  • Well
  • Electric Water Heater

Additional Features

  • Walking Distance to Water
  • 9,583 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 43
  • Assessor Parcel Number 499AQUIDNECKAVMDLT

Community Details

Overview

  • 2 Units
  • Aquidneck Avenue Subdivision

Amenities

  • Shops
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,747

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Subdivision Name: Aquidneck Avenue
  • Above Grade Finished Sq Ft: 3166.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Tub Shower
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Shingle Siding, Wood Siding
  • Foundation Details: Combination

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Hot Water, Oil, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 220 Volts
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9583.0
  • Parcel #: 499AQUIDNECKAVMDLT
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3747.0
  • Tax Lot: 43
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
Sep 1, 2022
Sold by
Pedro Arthur J
Bought by
Spengler Stephen and Spengler Leslie
Seller's Agent
Karen O'Brien
William Raveis Inspire
Buyer's Agent
Ben Willett
RE/MAX Results
List Price
$800,000
Sold Price
$740,000
Premium/Discount to List
-$60,000
-7.5%
Views
11
Current Estimated Value
$962,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,827
Avg. Annual Appreciation
9.08%
Original Mortgage
$592,000
Outstanding Balance
$569,039
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$393,788

Purchase Details

Closed on
Aug 28, 2014
Sold by
Pedro Grace A
Bought by
Pedro Arthur J
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
Spengler Stephen $740,000 None Available
Pedro Arthur J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spengler Stephen $592,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2022 09/02/22 Sold $740,000 -1.3% $234 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
07/18/2022 07/18/22 Price Changed $750,000 -3.2% $237 / Sq Ft
05/24/2022 05/24/22 Price Changed $775,000 -3.1% $245 / Sq Ft
04/07/2022 04/07/22 For Sale $800,000 -- $253 / 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 $8,515 $756,200 $241,100 $515,100
2023 $3,904 $310,100 $137,200 $172,900
2022 $3,727 $310,100 $137,200 $172,900
2021 $3,727 $310,100 $137,200 $172,900
2020 $3,894 $283,000 $119,300 $163,700
2018 $3,891 $283,000 $119,300 $163,700
2016 $3,756 $243,600 $90,600 $153,000
2015 $3,664 $243,600 $90,600 $153,000
2014 $3,510 $218,400 $86,700 $131,700
2013 $3,431 $218,400 $86,700 $131,700
Source: Public Records

Agents Affiliated with this Home

  • Karen O'Brien

    Seller's Agent in 2022

    Karen O'Brien

    William Raveis Inspire

    (401) 662-4888

    3 in this area

    10 Total Sales

    Karen O'Brien
    Section Image
  • Ben Willett

    Buyer's Agent in 2022

    Ben Willett

    RE/MAX Results

    (401) 835-8810

    12 in this area

    131 Total Sales

    Ben Willett
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1307028

State-Wide MLS

APN: MIDD-000120-000000-000043

Rhode Island Newport County Middletown 02842

499 Aquidneck Ave, Middletown, RI

This home is located at 499 Aquidneck Ave, Middletown, RI 02842 since 07 April 2022 and is currently estimated at $962,827, approximately $304 per square foot. This property was built in 1900. 499 Aquidneck Ave 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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