NOT LISTED FOR SALE

7 Farnum Terrace Middletown, RI 02842

Estimated Value: $513,000 - $615,000

2 Beds
1 Bath
738 Sq Ft
$768/Sq Ft Est. Value

Last Sold May 16, 2016

Last sale price $230,000 $312 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $3,360/month

100 Days on Market

Highlights

  • Marina
  • Deck
  • Corner Lot
  • Above Ground Pool
  • Wood Flooring
  • Tennis Courts

About This Home

As of May 2016

Attention Automobile Buffs! 2 Bedroom 1 Bath Cape w/ Fenced Yard, 200amp Electric, New Boiler, New Oil Tank, 55 x 21-25 Heated Garage, Convertible Paint Booth w/Exhaust Fan,Lg. Compressor w/Hard Piped Air Throughout. Property Priced To Sell "As Is"!!

Last Agent to Sell the Property

Jennifer Lawrence

Lila Delman Compass License #REB.0014569 Listed on: 01/06/2016

Last Buyer's Agent

Cathy Furtado

RE/MAX Profnl. Newport, Inc. License #REB.0013533

RE/MAX Profnl. Newport, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,865

Year Built

  • Built in 1938

Lot Details

  • 7,841 Sq Ft Lot
  • Fenced
  • Corner Lot
  • Property is zoned R10

Parking

  • 6 Car Detached Garage
  • Garage Door Opener

Home Design

  • Aluminum Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 738 Sq Ft Home
  • 1-Story Property
  • Storage Room
  • Laundry Room
  • Utility Room

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Partially Finished Basement

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

Outdoor Features

  • Above Ground Pool
  • Deck

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • 200+ Amp Service
  • Tankless Water Heater
  • Oil Water Heater

Listing and Financial Details

  • Legal Lot and Block 72 / SE
  • Assessor Parcel Number 7FARNUMTERMDLT

Community Details

Overview

  • Miantonomi Avenue Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,865

Year Built

Built in 1938

Lot Details

0

Parking

6

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • Subdivision Name: MIANTONOMI AVENUE
  • Above Grade Finished Sq Ft: 738.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1938
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater
  • Has Basement: Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Vinyl
  • Living Area: 738.0
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot
  • Pool Features: Above Ground
  • Construction Type: Plaster, Aluminum Siding, Vinyl Siding
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 6.0
  • Garage Spaces: 6.0
  • Parking Features: Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 10.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7841.0
  • Parcel #: 7FARNUMTERMDLT
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2865.0
  • Tax Block: SE
  • Tax Lot: 72
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2016
Closed on
May 16, 2016
Sold by
Gomes Rose
Bought by
Santos Justine and Johnson Christopher
Seller's Agent
Jennifer Lawrence
Lila Delman Compass
Buyer's Agent
Cathy Furtado
RE/MAX Profnl. Newport, Inc.
List Price
$249,900
Sold Price
$230,000
Premium/Discount to List
-$19,900
-7.96%
Current Estimated Value
$566,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,940
Avg. Annual Appreciation
10.03%
Original Mortgage
$223,100
Outstanding Balance
$177,892
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$389,048

Purchase Details

Closed on
Nov 27, 2013
Sold by
Gomes Andrew
Bought by
Gomes Rose

Purchase Details

Closed on
Oct 9, 1992
Sold by
Anderson Roger D and Anderson Colleen
Bought by
Gomes John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.99%
Source: Public Records

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
Santos Justine $230,000 --
Gomes Rose -- --
Gomes John R $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santos Justine $223,100
Previous Owner Gomes John R $90,000
Previous Owner Gomes John R $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2016 05/16/16 Sold $230,000 -8.0% $312 / Sq Ft
04/16/2016 04/16/16 Pending -- -- --
01/06/2016 01/06/16 For Sale $249,900 -- $339 / 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 $4,368 $387,900 $279,100 $108,800
2023 $3,003 $238,500 $144,000 $94,500
2022 $29 $238,500 $144,000 $94,500
2021 $3,842 $238,500 $144,000 $94,500
2020 $3,022 $219,600 $125,300 $94,300
2018 $3,020 $219,600 $125,300 $94,300
2016 $2,749 $178,300 $88,700 $89,600
2015 $2,682 $178,300 $88,700 $89,600
2014 $3,013 $187,500 $94,000 $93,500
2013 $2,946 $187,500 $94,000 $93,500
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Lawrence

    Seller's Agent in 2016

    Jennifer Lawrence

    Lila Delman Compass

    (401) 848-2101

    16 in this area

    64 Total Sales

    Jennifer Lawrence
    Section Image

  • C

    Buyer's Agent in 2016

    Cathy Furtado

    RE/MAX Profnl. Newport, Inc.

    (401) 862-2603

    1 in this area

    2 Total Sales

    Cathy Furtado
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1115229

State-Wide MLS

APN: MIDD-000108-S000000E-000072

Rhode Island Newport County Middletown 02842

7 Farnum Terrace, Middletown, RI

This home is located at 7 Farnum Terrace, Middletown, RI 02842 since 06 January 2016 and is currently estimated at $566,940, approximately $768 per square foot. This property was built in 1938. 7 Farnum Terrace 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.

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