566 E Main Rd

Middletown, RI 02842

$775,000
Last Sold Price
5
Beds
2,856 Sq. Ft.
$271 / Sq. Ft.
2,856
Sq. Ft.
$271
per Sq. Ft.
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Closed 2/3/21
Closed 2/3/21

Description

Unique owner occupied or investment opportunity! Two beautiful, single family homes with two detached garages and a large shed on 1.18 acres. Centrally located on Aquidneck Island quickly access great schools, shopping, wedding venues, wineries, athletic fields, beaches, and downtown Newport. The front house was recently built in 2017 with approximately 1,800 square feet, 3 bedrooms 2.5 bathrooms and central air. The 1st floor consists of an open floor plan between the large eat in kitchen with a...Unique owner occupied or investment opportunity! Two beautiful, single family homes with two detached garages and a large shed on 1.18 acres. Centrally located on Aquidneck Island quickly access great schools, shopping, wedding venues, wineries, athletic fields, beaches, and downtown Newport. The front house was recently built in 2017 with approximately 1,800 square feet, 3 bedrooms 2.5 bathrooms and central air. The 1st floor consists of an open floor plan between the large eat in kitchen with a generous granite center island and the expansive living room with hardwood floors and a half bathroom. The second floor includes a full bathroom, laundry hookups, 2 guest bedrooms and a large master suite. The master features a walk-in closet and large bathroom with a granite double vanity. Other features include a walk out deck off the kitchen, fenced in area for pets and an 884 square foot garage with a loft. The basement is unfinished but allows for expansion opportunity or great storage space. This unit is rented for $3,100 a month through October 2021. The rear building is a 2-bedroom, 1-bathroom single level home with a detached garage and hardwood floors. The washer and dryer are in the large and dry unfinished basement. This home has lots of character and privacy and has been well maintained over the years. This unit is also rented through October 2021 for $2,200. Both dwellings are equipped with business quality wifi. Many Possibilities including Air BnB!
  1. Listed by Benjamin Willett • Brokerage DRE #REB.0016699 • KELLER WILLIAMS RLTY NEWPORT
    P: (401)-835-8810 benjamin.willett@kw.com

Amenities

  • Air Conditioning
  • Baseboard Heating
  • Basement
  • Central AC
  • Central Vacuum
  • Ceramic Floors
  • Deck
  • Detached Garage
LISTING CLOSED: 02/03/2021 12:00 AM

Property Details for 566 East Main Road

StatusClosed
MLS #1263504
Days on Market131
Taxes$6,911 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built2017
Lot Size1.18 AC / 51,401 SF
CountyNewport County
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Location

Listing Courtesy of KELLER WILLIAMS RLTY NEWPORT

Sold By Hogan Associates

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Building Information for 566 East Main Road

Stories-Residences2Year Built2017Building Size-Lot Size1.18 AC / 51,401 SF

Payment Calculator

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$4,515 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,939

Property Taxes

$576

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 566 East Main Road

Summary
Location and General Information
  • City: Middletown
  • Community Features: Near Schools, Public Transportation, Recreation Area, Shopping
  • Postal City: Middletown
  • Postal Code: 02840
  • State Or Province: RI
  • Zoning: R20A
  • Human Modified Y N: No
Parking
  • Attached Garage Y N: No
  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage Y N: Yes
  • Parking Features: Detached, Garage
  • Parking Total: 12
Taxes and HOA Information
  • Tax Annual Amount: $6,911.00
  • Tax Assessed Value: 502300
  • Tax Lot: 160
  • Tax Year: 2018
Property
Lot Information
  • Above Grade Fin SQFT: 2856.0
  • Building Area Total: 2856.0
  • Living Area Source: Public Records
  • Lot Size Acres: 1.18
  • Lot Size Area: 51401.0
  • Lot Size Square Feet: 51401.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 5
  • Parcel Number: 566570EASTMAINRDMDLT
  • Stories Total: 0
Property and Assessments
  • Business Type: Other
  • Buyer Financing: Private
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 2017
Utilities
  • Electric: Amps200Or More
  • Sewer: Connected, Septic Tank
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Interior Features
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 5
  • Cooling: Central Air, Window Unit(s)
  • Cooling Y N: Yes
  • Fireplaces Total: 1
  • Fireplace Y N: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Heating: Baseboard, Forced Air, Gas, Oil
  • Heating Y N: Yes
  • Interior Features: Tub Shower, Central Vacuum
  • Laundry Features: In Unit
  • Rooms Total: 14
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $2,200.00
  • Description: water included in rent
  • Unit Type Area: 1067.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $3,100.00
  • Description: water included in rent
  • Unit Type Area: 1792.0
  • Baths Total: 3
  • Beds Total: 3
  • Num of Full Baths: 2
  • Num of Half Baths: 1
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 566 East Main Road

DateEvent & SourcePriceAppreciation
Feb 3, 2021

Sold

Rhode Island Association of REALTORS® #1263504

$775,000—
Jan 12, 2021

Contract Signed

Rhode Island Association of REALTORS® #1263504

—
Nov 4, 2020

Sold (Public Record)

Public Record #1449534956

$775,000—
DateEvent & SourcePrice
02/03/2021

Sold

Rhode Island Association of REALTORS® #1263504

$775,000
01/12/2021

Contract Signed

Rhode Island Association of REALTORS® #1263504

—
11/04/2020

Sold (Public Record)

Public Record #1449534956

$775,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 566 East Main Road

Taxable ValueLand$303,300Additions$566,400Total$869,700
Tax Record2025$10,254 ($854 / month)
Home Facts
Lot Size51,401 SqFtStyleMulti-Family Dwelling (2-4)ZoningR20ACountyNEWPORTAPNMIDD M:0113 B:00 L:160A

Schools near 566 East Main Road

This home is within Middletown School District.
Rating
School
Type
Grades
Distance
Joseph Gaudet Academy
Public - 4 to 5
Joseph H. Gaudet School
Public - 6 to 8
Middletown High School
Public - 9 to 12
Forest Avenue School
Public - K to 3
Rating
School
Distance
Joseph Gaudet Academy
Public4 to 5

Joseph H. Gaudet School
Public6 to 8

Middletown High School
Public9 to 12

Forest Avenue School
PublicK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS RLTY NEWPORT

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.