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118 Wolcott Ave, Middletown, RI, 02842

$1,800,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
1,600 SqFt
$1,125/SqFt
House

Location

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118 Wolcott Ave, Middletown$1,800,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Garage
Attached GarageYes
Year Built1953
HeatingBaseboard, Natural Gas, Hot Water
CoolingCentral Air
BasementYes
FireplaceInsert, Gas, Masonry
MLS #1372308
Lot Size0.85 Acres
StatusActive

About 118 Wolcott Ave

A RARE FIND ON EASTON'S POINT....A parcel of land large enough for a family compound! The solidly built, well-maintained ranch home is in move-in condition. The house features a living room, dining room, and 3 bedrooms with hardwood flooring; a kitchen with linoleum flooring; 2 full bathrooms with tile flooring; full dry basement; an efficient 95% AFUE direct vent gas boiler; architectural shingles; first floor and basement washer/dryer hookups; huge fenced-in back yard; knotty pine breezeway to attached 2-car garage; tool shed; brick patio and front walkway; basement cedar closet; and retractable awnings on the front windows. ATTENTION INVESTORS: The property consists of 2 lots and the existing house is grandfathered to allow short-term rentals without a special permit or owner residency on the property. As an added bonus, duplexes are allowed by special permit in this zoning district. Each lot is legally nonconforming with respect to frontage and lot width. An administrative subdivision is in the works to remove a minor encroachment of the house over the common lot line and to increase the area of one lot to 20,000 sf, which would allow an accessory dwelling unit by right if the proposed ordinance is adopted. The house and 2 lots are currently being offered as a package, but once the administrative subdivision is completed the owner will entertain selling the 2 parcels individually.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1953
  • Living Area: 1,600 SqFt

Listing Office:

  • Office Name: Connell Real Property
  • Office Phone: (401) 662-1356

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Laminate
  • Interior: Attic, Cedar Closet(s), Permanent Attic Stairs, Stall Shower, Tub Shower, Cable TV
  • Fireplace: Insert, Gas, Masonry

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Paved Driveway

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.85 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Hot Water
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000
  • Price Per SqFt: $1,125/SqFt

Tax Information:

  • Annual Amount: $5,105
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Middletown, RI.

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Middletown, RI

City

Med. Sold Price

$717.5K

Med. Price/SqFt

$427

Avg. Days On Market

70

# of Sold Homes

11

118 Wolcott Ave vs Middletown

40 DAYS ON ROCKET

-30 Days

$1,800,000

+$1.0M More

$1,125/SqFt

+$698 More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $698/SqFt more than other homes in Middletown, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1372308

Listing Office:

  • Office Name: Connell Real Property
  • Office Phone: (401) 662-1356

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 10:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 18, 2000Home Sold
$230,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,105$396,700
2018$5,455$396,700

History based on county public records data.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4486245
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 1.61 miles

  • Public District Grades 4-4

school-card-donut-4486246
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 1.65 miles

  • Public District Grades PK-4

school-card-donut-4486247
7
/10

  • Melrose Avenue School

  • 76 Melrose Ave

  • 5.32 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $68,881. Most Middletown, RI residents have annual incomes between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Middletown, RI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Middletown, RI?

Middletown's housing market is diverse, offering a mix of residential options that cater to a range of preferences. Single-family homes are prevalent, making up a significant portion of the housing stock, with architectural styles that span from classic colonial to contemporary. The market also includes a selection of condominiums and townhouses, providing alternatives for those seeking a more communal living experience. The area's construction history is varied, with many homes dating back to the mid-20th century, while recent developments have introduced modern amenities and designs into the mix.

Is Middletown, RI a good place to live?

Middletown is celebrated for its serene coastal charm and a strong sense of community. The town's character is defined by its picturesque landscapes, including well-maintained beaches and public parks that offer residents a peaceful retreat. Local events and festivals throughout the year, such as the Middletown Founders Day Parade, reflect the town's rich history and foster a sense of pride among residents. The community's ambiance is further enhanced by its commitment to preserving its natural beauty and historical significance.

Are things conveniently located in Middletown, RI?

The community is served by a range of essential services, ensuring residents have access to necessary amenities. The educational landscape includes several public schools that cater to different age groups, as well as private institutions that offer alternative educational pathways. Healthcare needs are met by local clinics and nearby hospitals that provide a spectrum of medical services. Middletown also features a public library system that supports lifelong learning. Retail and dining options are plentiful, with local businesses and eateries reflecting the town's coastal culture and culinary diversity.

What does the transportation in Middletown, RI look like?

Transportation in Middletown is facilitated by a network of roads that connect residents to neighboring cities and attractions. Public transit options are available, providing connections to key areas within the town and beyond. The community's layout encourages walkability in certain districts, particularly around commercial centers and residential neighborhoods. For those who prefer cycling, there are bike-friendly routes that make navigating the town more accessible. While specific ride-sharing services are not mentioned, such options are commonly used by residents for added convenience.

Frequently Asked Questions About 118 Wolcott Ave

What is the listing price of this property?

The listing price of 118 Wolcott Ave property is $1,800,000.

What type of property is this?

The property 118 Wolcott Ave is a house located in Middletown, Rhode Island, 02842.

Is this property for sale now?

Active Listing: 118 Wolcott Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,105 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 18, 2000 for $230,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 118 Wolcott Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 118 Wolcott Ave is 1,600 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 118 Wolcott Ave is 1953.

Rocket Homes›Rhode Island›Newport County›Middletown›02842›118 Wolcott Ave

This home is located at 118 Wolcott Ave in Middletown, RI and zip code 02842. This 1,600 square foot home, which was built in 1953, sits on a 0.85 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 07, 2024 and is currently priced at $1,800,000.

While more than 2 listings in Middletown, RI in November 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 6 were sold below. The number of listings in Middletown, RI decreased by 5.7% between October 2024 and November 2024. In November 2024 median list price was $717,500 and the average listing age was 70 days.

From Rocket Homes Real Estate and based on county public records data.

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