NOT LISTED FOR SALE

Estimated Value: $1,580,000 - $2,227,808

6 Beds
4 Baths
5,806 Sq Ft
$333/Sq Ft Est. Value

Last Sold March 09, 2021

Last sale price $1,200,000 $207 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $12,392/month

175 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Recreation Facilities
  • Deck
  • Corner Lot
  • Walking Distance to Water

About This Home

As of March 2021

Rare Multi-Family in desirable Easton's Point neighborhood. Perfectly situated on an over 15,000 sq ft corner lot. Solid rental history with potential to increase rental income, or decide to occupy one side and lease the other. Perhaps it would make a perfect Family compound! Whatever your desire, this home has been well maintained and is turn-key with central AC,efficient gas heat,newer appliances, fresh paint, and modern conveniences. Each one-level unit has three bedrooms and two full baths. Cavernous basements under each unit, one with walkout.Convenient off-street parking, entertaining deck and patio. One unit has fully fenced in yard for pets or private enjoyment of the back yard.
Take the time to view this remarkable property in one of the most sought after areas in beautiful Middletown RI. Just steps from Newport's Easton's Beach, one mile to downtown Newport, a quick bike ride to Middletown's Sachuest Beach and "Surfers End", walking trails, and a nature preserve.

Last Agent to Sell the Property

Patrick McGrath

First Resort, LLC License #REC.0018932 Listed on: 08/15/2020

Last Buyer's Agent

Kathleen Greenman

Gustave White Sotheby's Realty License #RES.0014874

Gustave White Sotheby's Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,216

Year Built

  • Built in 2000

Lot Details

  • 0.35 Acre Lot
  • Fenced
  • Corner Lot

Home Design

  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,806 Sq Ft Home
  • 1-Story Property
  • Storage Room
  • Laundry in unit
  • Utility Room
  • Water Views
  • Storm Doors

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Partially Finished Basement

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

Parking

  • 8 Parking Spaces
  • No Garage

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 72 / SE
  • Assessor Parcel Number 911HOOVERRDMDLT

Community Details

Recreation

  • Recreation Facilities

Additional Features

  • 2 Units
  • Shops
  • Operating Expense $17,498

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,216

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.35
  • Above Grade Finished Sq Ft: 5806.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 2000
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower, Cable TV
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot
  • View: Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Shingle Siding
  • Exterior Features: Deck, Porch, Patio
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Multiple Meters

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15246.0
  • Parcel #: 911HOOVERRDMDLT
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 17498.0

Tax Info

  • Tax Annual Amount: 12216.0
  • Tax Block: SE
  • Tax Lot: 72
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2020
Closed on
Mar 1, 2021
Sold by
Hydrangea House Of Newprt
Bought by
Kimmel Cary M and Cooper Caroline
Seller's Agent
Patrick McGrath
First Resort, LLC
Buyer's Agent
Kathleen Greenman
Gustave White Sotheby's Realty
List Price
$1,395,000
Sold Price
$1,200,000
Premium/Discount to List
-$195,000
-13.98%
Current Estimated Value
$1,931,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$731,702
Avg. Annual Appreciation
14.06%
Original Mortgage
$960,000
Outstanding Balance
$877,992
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,262,654

Purchase Details

Closed on
Jul 14, 2014
Sold by
Evans Marylee and Light Kathleen A
Bought by
Difanti Gino M

Purchase Details

Closed on
Sep 6, 1974
Bought by
Difanti Gino M
Source: Public Records

Range of Values:

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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
Kimmel Cary M $1,200,000 None Available
Difanti Gino M -- --
Difanti Gino M $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kimmel Cary M $960,000
Previous Owner Hydrangea House Of New $1,140,000
Previous Owner Hydrangea House Of New $50,000
Previous Owner Difante Gino M $417,000
Previous Owner Difanti Gino M $468,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2021 03/09/21 Sold $1,200,000 -14.0% $207 / Sq Ft
02/07/2021 02/07/21 Pending -- -- --
08/15/2020 08/15/20 For Sale $1,395,000 -- $240 / 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 $20,691 $1,837,600 $1,099,200 $738,400
2023 $14,193 $1,127,300 $673,900 $453,400
2022 $13,550 $1,127,300 $673,900 $453,400
2021 $13,550 $1,127,300 $673,900 $453,400
2020 $12,216 $887,800 $563,500 $324,300
2018 $12,207 $887,800 $563,500 $324,300
2016 $10,206 $661,900 $407,200 $254,700
2015 $9,955 $661,900 $407,200 $254,700
2014 $10,444 $649,900 $467,500 $182,400
2013 $10,210 $649,900 $467,500 $182,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1261777

State-Wide MLS

APN: MIDD-000116-S000000E-000072