NOT LISTED FOR SALE

66 Continental Dr Middletown, RI 02842

Estimated Value: $1,069,000 - $1,399,000

6 Beds
2 Baths
2,000 Sq Ft
$584/Sq Ft Est. Value

Last Sold August 29, 2018

Last sale price $525,000 $262 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $6,977/month

107 Days on Market

Highlights

  • Attic
  • Skylights
  • Bathtub with Shower
  • Thermal Windows
  • Storm Windows
  • Patio

About This Home

As of August 2018

Two houses for the price of one! This Cape Cod style duplex offers two 3- bedroom units with all separate utilities, a yard, private patio and off-street parking. The location is quiet yet convenient to Newport (1 mile) and Middletown beaches (2 miles). Close enough to local attractions without the noise and traffic congestion of downtown Newport. Each unit has two bedrooms on the first floor and a third bedroom on the second floor. The second floor also has unfinished space for storage or future development. This property can also be easily converted into 2 condominiums with the required documents almost ready for filing. Convenient retail shopping is just around the corner!

Last Agent to Sell the Property

Bill Dwyer

Seaport Realty License #REB.0008634 Listed on: 04/13/2018

Last Buyer's Agent

Janie Aracil

Hogan Associates Christie's License #REB.0019886

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,955

Year Built

  • Built in 1987

Lot Details

  • 0.38

Home Design

  • Slab Foundation
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Thermal Windows
  • Laundry in unit
  • Attic
  • Unfinished Basement

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Central Heating
  • Baseboard Heating
  • 200+ Amp Service
  • Electric Water Heater
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Patio
  • 0.38 Acre Lot

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 651
  • Assessor Parcel Number 66CONTINENTALDRMDLT

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Shops
  • Public Transportation

Building Details

  • Operating Expense $9,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,955

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.38
  • Above Grade Finished Sq Ft: 2000.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1987
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dishwasher, Exhaust Fan, Electric Water Heater, Oven, Range, Refrigerator, Range Hood, Water Heater
  • Other Equipment: Satellite Dish
  • Has Basement: None, Unfinished
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Attic, Internal Expansion, Skylights, Tub Shower, Cable TV
  • Stories: 2
  • Window Features: Skylight(s), Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: Owner

Exterior Features

  • Construction Type: Drywall, Clapboard, Shingle Siding, Wood Siding
  • Exterior Features: Patio
  • Foundation Details: Concrete Perimeter, Slab
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Central, Electric
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Public Transportation, Shopping
  • Senior Community: No
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16553.0
  • Parcel #: 66CONTINENTALDRMDLT
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 9000.0

Tax Info

  • Tax Annual Amount: 5955.0
  • Tax Lot: 651
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2018
Closed on
Aug 29, 2018
Sold by
Dwyer William J and Dwyer Sharon A
Bought by
Sevich Jeffrey S and Sevich Nancy
Seller's Agent
Bill Dwyer
Seaport Realty
Buyer's Agent
Janie Aracil
Hogan Associates Christie's
List Price
$675,000
Sold Price
$525,000
Premium/Discount to List
-$150,000
-22.22%
Current Estimated Value
$1,167,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$642,032
Avg. Annual Appreciation
11.38%
Original Mortgage
$260,000
Outstanding Balance
$225,975
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$941,057

Purchase Details

Closed on
Aug 7, 1986
Bought by
Dwyer William J and Dwyer Sharon A
Source: Public Records
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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
Sevich Jeffrey S $525,000 --
Dwyer William J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sevich Jeffrey S $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2018 08/29/18 Sold $525,000 -22.2% $263 / Sq Ft
07/30/2018 07/30/18 Pending -- -- --
04/13/2018 04/13/18 For Sale $675,000 -- $338 / Sq Ft
Source: State-Wide MLS

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
2025 $11,000 $933,000 $491,000 $442,000
2024 $10,506 $933,000 $491,000 $442,000
2023 $6,716 $533,400 $264,000 $269,400
2022 $6,411 $533,400 $264,000 $269,400
2021 $6,411 $533,400 $264,000 $269,400
2020 $5,871 $426,700 $202,000 $224,700
2018 $5,867 $426,700 $202,000 $224,700
2016 $5,955 $386,200 $174,600 $211,600
2015 $5,808 $386,200 $174,600 $211,600
2014 $5,494 $341,900 $158,700 $183,200
2013 $5,371 $341,900 $158,700 $183,200
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Bill Dwyer

    Seaport Realty

    (401) 846-7300

    2 in this area

    3 Total Sales

    Bill Dwyer
    Section Image
  • Janie Aracil

    Buyer's Agent in 2018

    Janie Aracil

    Hogan Associates Christie's

    (401) 855-5577

    2 in this area

    28 Total Sales

    Janie Aracil
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1184797

State-Wide MLS

APN: MIDD-000114-000000-000651

Rhode Island Newport County Middletown 02842

66 Continental Dr, Middletown, RI

Not Listed for Sale

MultiFamily

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