NOT LISTED FOR SALE

99 Summerfield Ln Middletown, RI 02842

Estimated Value: $2,722,000 - $2,945,000

4 Beds
3.5 Baths
3,504 Sq Ft
$800/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $2,000,000 $571 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $16,666/month

5 Days on Market

Highlights

  • Golf Course Community
  • Wood Flooring
  • Cottage
  • 1.16 Acre Lot
  • 2 Fireplaces
  • Walking Distance to Water

About This Home

As of May 2022

Beautiful custom shingle style cottage located on a very private dead end lane is in close proximity to the desirable Indian Avenue and beaches. Some of the special features this custom home offers are as follows: primary bedrooms located on both the 1st and 2nd levels, beautiful millwork, hardwood floors throughout, a gourmet kitchen overlooking the serene backyard, 2 fireplaces and central air-conditioning. The stone patio which leads directly into the dining and kitchen area allows for easy entertaining of friends and family both inside and out. A large private lot with room for a pool offers beautiful mature landscaping and flower gardens which give this home a very tranquil park-like setting. Approximately 5 miles from downtown Newport, 2 miles from Newport National Golf Course, and a quick bike ride to the beaches makes this an ideal location.

Last Agent to Sell the Property

Eric Kirton

Lila Delman Compass License #REB.0018697 Listed on: 03/30/2022

Last Buyer's Agent

Eric Kirton

Gustave White Sotheby's Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,253

Year Built

  • Built in 2007

Lot Details

  • 1.16 Acre Lot
  • Cul-De-Sac
  • Property is zoned R-40

Home Design

  • Cottage
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,504 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Stone Fireplace
  • Fireplace Features Masonry
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Parking

  • 6 Parking Spaces
  • No Garage

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • 200+ Amp Service
  • Well
  • Oil Water Heater
  • Septic Tank

Additional Features

  • Walking Distance to Water
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 718
  • Assessor Parcel Number 99SUMMERFIELDLANEMDLT

Community Details

Overview

  • Indian Avenue Area Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,253

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.1591
  • Subdivision Name: Indian Avenue Area
  • Above Grade Finished Sq Ft: 3504.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2007
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Oil Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Masonry, Stone
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Bathtub, Tub Shower
  • Living Area: 3504.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Cul-De-Sac
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Shingle Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 50492.0
  • Parcel #: 99SUMMERFIELDLANEMDLT
  • Zoning: R-40
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 13253.0
  • Tax Lot: 718
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2022
Closed on
May 6, 2022
Sold by
Raby John C
Bought by
Loiselle Dana J
Seller's Agent
Eric Kirton
Lila Delman Compass
Buyer's Agent
Eric Kirton
Gustave White Sotheby's Realty
List Price
$2,075,000
Sold Price
$2,000,000
Premium/Discount to List
-$75,000
-3.61%
Current Estimated Value
$2,804,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$804,136
Avg. Annual Appreciation
9.90%

Purchase Details

Listed on
Jun 8, 2018
Closed on
Jun 8, 2018
Sold by
Kirton Eric and Kirton Melissa
Bought by
Raby Jc and Raby Jennfier
Seller's Agent
Eric Kirton
Lila Delman Compass
Buyer's Agent
Eric Kirton
Lila Delman Compass
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.92%
Original Mortgage
$800,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2007
Sold by
Brayton Benjamin
Bought by
Kirton Eric and Kirton Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Loiselle Dana J $2,000,000 None Available
Raby Jc $1,200,000 --
Kirton Eric $355,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Raby Jc $800,000
Previous Owner Kirton Eric $55,700
Previous Owner Kirton Eric $85,000
Previous Owner Kirton Eric $658,000
Previous Owner Kirton Eric $266,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/09/2022 05/09/22 Sold $2,000,000 -3.6% $571 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $2,075,000 +72.9% $592 / Sq Ft
06/08/2018 06/08/18 Sold $1,200,000 0.0% $341 / Sq Ft View Prior Sale
06/08/2018 06/08/18 For Sale $1,200,000 -- $341 / 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 $22,823 $1,935,800 $1,123,000 $812,800
2024 $23,048 $2,046,900 $1,123,000 $923,900
2023 $13,882 $1,102,600 $506,700 $595,900
2022 $13,253 $1,102,600 $506,700 $595,900
2021 $13,253 $1,102,600 $506,700 $595,900
2020 $17,863 $1,298,200 $797,000 $501,200
2018 $17,850 $1,298,200 $797,000 $501,200
2016 $17,104 $1,109,200 $662,800 $446,400
2015 $16,682 $1,109,200 $662,800 $446,400
2014 $13,561 $843,900 $400,700 $443,200
2013 $13,258 $843,900 $400,700 $443,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1305808

State-Wide MLS

APN: MIDD-000129-000000-000718