NOT LISTED FOR SALE

7 Rego Rd Middletown, RI 02842

Estimated Value: $506,000 - $636,000

3 Beds
2 Baths
2,808 Sq Ft
$213/Sq Ft Est. Value

Last Sold October 04, 2018

Last sale price $325,000 $116 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $3,652/month

31 Days on Market

Highlights

  • Wood Flooring
  • Recreation Facilities
  • Bathtub with Shower
  • Corner Lot
  • Thermal Windows
  • Public Transportation

About This Home

As of October 2018

Wonderful two-family home on large corner lot has spacious two bedroom apartment with open living/dining with hardwood floors, nice kitchen, bathroom was renovated 6 months ago, Private 2nd floor studio was remodeled in 2015, open kitchen/ dining area and large living room/bedroom. Both units have separate entrances, driveways, separate heat and electric, washer and dryer hookups, basement storage. Super convenient location close to shopping, schools, restaurants etc. Perfect scenario to own your own place where your monthly payment would be less than you were paying in rent.... OR live simply on 2nd floor and let 1st floor pay most of your mortgage payment... either way it makes great sense.

Last Agent to Sell the Property

Dawn McCauley

RE/MAX Profnl. Newport, Inc. License #RES.0021916 Listed on: 08/03/2018

RE/MAX Profnl. Newport, Inc.

Co-Listed By

David McCauley

RE/MAX Profnl. Newport, Inc. License #REB.0010905

Last Buyer's Agent

Mary Ulrich Budlong

RE/MAX Profnl. Newport, Inc. License #RES.0032913

RE/MAX Profnl. Newport, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,364

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,808 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Storm Doors

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Oil Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 204
  • Assessor Parcel Number 7REGORDMDLT

Community Details

Overview

  • 4 Units

Amenities

  • Shops
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,364

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Co List Office Mls Id: BHHS
  • Co List Office Phone: 401-849-1800
  • Above Grade Finished Sq Ft: 2808.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1950
  • 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: 2
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Vinyl
  • Interior Amenities: Tub Shower
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air, Individual, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.0
  • Parcel #: 7REGORDMDLT
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4364.0
  • Tax Lot: 204
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2018
Closed on
Oct 4, 2018
Sold by
Obryan Michael P
Bought by
Young Paul
Seller's Agent
Dawn McCauley
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
Mary Ulrich Budlong
RE/MAX Profnl. Newport, Inc.
List Price
$329,900
Sold Price
$325,000
Premium/Discount to List
-$4,900
-1.49%
Current Estimated Value
$597,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,252
Avg. Annual Appreciation
8.88%
Original Mortgage
$33,725
Outstanding Balance
$29,289
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$567,963

Purchase Details

Closed on
Apr 30, 2009
Sold by
Mccauley David A
Bought by
Obryan Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,339
Interest Rate
4.86%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Young Paul $325,000 --
Obryan Michael P $283,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Paul $33,725
Previous Owner Obryan Michael P $292,339
Previous Owner Obryan Michael P $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2018 10/04/18 Sold $325,000 -1.5% $116 / Sq Ft
09/04/2018 09/04/18 Pending -- -- --
08/03/2018 08/03/18 For Sale $329,900 -- $117 / 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
2025 $6,242 $529,400 $274,200 $255,200
2024 $5,961 $529,400 $274,200 $255,200
2023 $3,812 $302,800 $141,500 $161,300
2022 $3,640 $302,800 $141,500 $161,300
2021 $3,640 $302,800 $141,500 $161,300
2020 $3,619 $263,000 $123,100 $139,900
2018 $3,616 $263,000 $123,100 $139,900
2016 $3,366 $218,300 $87,000 $131,300
2015 $3,283 $218,300 $87,000 $131,300
2014 $3,368 $209,600 $92,200 $117,400
2013 $3,293 $209,600 $92,200 $117,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1200136

State-Wide MLS

APN: MIDD-000107-S000000E-000204