NOT LISTED FOR SALE

56 Middleton Ave Unit 58 Newport, RI 02840

Memorial Boulevard Neighborhood

Estimated Value: $945,000 - $1,565,000

5 Beds
3 Baths
3,336 Sq Ft
$358/Sq Ft Est. Value

Last Sold October 26, 2021

Last sale price $773,000 $232 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $7,216/month

93 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Heating System Uses Steam
  • Recreation Facilities
  • Shops
  • 3-minute walk to Freebody Park

About This Home

As of October 2021

Great investment property or owner occupied three family with excellent rental history. Located near Bellevue Avenue shops and shopping center, Cliff Walk, and beach. 1st and 2nd floor apartments have 2 bedrooms, full bath, eat in kitchen, and large spacious living rooms with lots of light and hardwood floors. First floor has a separate entrance. 3rd floor apartment has 1 bedroom, full tiled bath, eat in kitchen and living room with hardwood floors. Recent improvements include a new 1st floor burner and oil tank, exterior paint, and roof section. Separate utilities for all units.

Last Agent to Sell the Property

John Trifero

RE/MAX Profnl. Newport, Inc. License #RES.0044639 Listed on: 06/24/2021

RE/MAX Profnl. Newport, Inc.

Co-Listed By

John Silvia

RE/MAX Profnl. Newport, Inc. License #REB.0011287

Last Buyer's Agent

James Toppa

Century 21 Topsail Realty License #RES.0023593

Century 21 Topsail Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,202

Year Built

  • Built in 1900

Lot Details

  • 2,124 Sq Ft Lot

Parking

  • No Garage

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Siding
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 3,336 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Steam
  • Oil Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 214
  • Assessor Parcel Number 5658MIDDLETONAVNEWP

Community Details

Recreation

  • Recreation Facilities

Additional Features

  • 3 Units
  • Shops
  • Operating Expense $8,435

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,202

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0488
  • Co List Office Mls Id: RMAX01
  • Co List Office Phone: 401-849-0100
  • Above Grade Finished Sq Ft: 3336.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Oil Water Heater, Range, Refrigerator, Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Construction Type: Masonry, Wood Siding
  • Foundation Details: Brick/Mortar, Concrete Perimeter, Stone

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2124.0
  • Parcel #: 5658MIDDLETONAVNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 8435.0

Tax Info

  • Tax Annual Amount: 5202.41
  • Tax Lot: 214
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Oct 26, 2021
Sold by
Trifero John J
Bought by
Eickson John C and Eickson Michael D
Seller's Agent
John Trifero
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
James Toppa
Century 21 Topsail Realty
List Price
$925,000
Sold Price
$773,000
Premium/Discount to List
-$152,000
-16.43%
Total Days on Market
93
Current Estimated Value
$1,195,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$422,110
Avg. Annual Appreciation
12.79%
Original Mortgage
$579,750
Outstanding Balance
$533,246
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$661,864

Purchase Details

Closed on
Sep 17, 1985
Bought by
Trifero John J
Source: Public Records

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Range of Values:

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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
Eickson John C $773,000 None Available
Trifero John J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eickson John C $579,750
Previous Owner Trifero John J $175,000
Previous Owner Trifero John J $238,000
Previous Owner Trifero John J $175,000
Previous Owner Trifero John J $169,000
Previous Owner Trifero John J $200,000
Previous Owner Trifero John J $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2021 10/26/21 Sold $773,000 -16.4% $232 / Sq Ft
09/26/2021 09/26/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $925,000 -- $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 $6,101 $875,300 $341,900 $533,400
2023 $5,531 $557,600 $223,500 $334,100
2022 $5,359 $557,600 $223,500 $334,100
2021 $5,202 $557,600 $223,500 $334,100
2020 $4,790 $466,000 $217,200 $248,800
2019 $4,790 $466,000 $217,200 $248,800
2018 $4,655 $466,000 $217,200 $248,800
2017 $4,429 $395,100 $155,400 $239,700
2016 $4,318 $395,100 $155,400 $239,700
2015 $4,216 $395,100 $155,400 $239,700
2014 $3,903 $323,600 $132,100 $191,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    John Trifero

    RE/MAX Profnl. Newport, Inc.

    (401) 862-3539

    1 in this area

    3 Total Sales

    John Trifero
    Section Image
  • John Silvia

    Seller Co-Listing Agent in 2021

    John Silvia

    RE/MAX Profnl. Newport, Inc.

    1 in this area

    24 Total Sales

    John Silvia
    Section Image
  • James Toppa

    Buyer's Agent in 2021

    James Toppa

    Century 21 Topsail Realty

    (401) 480-6706

    1 in this area

    8 Total Sales

    James Toppa
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1286610

State-Wide MLS

APN: NEWP-000034-000000-000214

Rhode Island Newport County Newport 02840 Memorial Boulevard

56 Middleton Ave Unit 58, Newport, RI

This home is located at 56 Middleton Ave Unit 58, Newport, RI 02840 since 24 June 2021 and is currently estimated at $1,195,110, approximately $358 per square foot. This property was built in 1900. 56 Middleton Ave Unit 58 is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

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