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118 Wolcott Avenue, Middletown, RI 02842
$1,800,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
2
baths
1,600
sqft
Built in
1953
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.
Features & Amenities
Interior
- General:
- Attic,Cedar Closet(s),Permanent Attic Stairs,Stall Shower,Tub Shower,Cable TV
- Appliances:
- Dryer,Dishwasher,Exhaust Fan,Gas Water Heater,Oven,Range,Refrigerator,Range Hood,Washer
- Basement:
- Full,Interior Entry,Unfinished
- Flooring:
- Ceramic Tile,Hardwood,Laminate
- A/C:
- true, Central Air
- Heating:
- true, Baseboard,Gas,Hot Water
- Fireplace:
- Insert,Gas,Masonry, Fireplace, Fireplaces: 1
Exterior
- General:
- Paved Driveway, Outbuilding
- Style:
- Ranch
- Other Structures:
- Outbuilding
- Parking:
- Attached,Garage, Parking spaces: 6
Construction
- General:
- Drywall,Vinyl Siding, 1, Concrete Perimeter
Location
- Originating MLS:
- RIS
- County:
- Newport
Lot
- Zoning:
- R-10, 118WOLCOTTAVMDLT
- Fencing:
- Fenced
Utilities
- Utilities:
- Sewer Connected, 110 Volts,100 Amp Service,Circuit Breakers
- Water:
- Public
- Sewer:
- Connected,Public Sewer
Financial
- Source:
- RIS
This listing courtesy of:
Connell Real Property
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Middletown, RI
Housing
- Number of Units
- 8,049
- Median Home Value
- $415,660
- Median Rent
- $1,482
45.67% of housing units are renter occupied.
10.76% are vacant.
Commute
- Car
-
79.59%
- Public Transportation
-
0.62%
- Walk to Work
-
2.92%
- Work from Home
-
16.26%
- Other
-
0.35%
The median travel time to work is 16 minutes.
People
- Population
- 16,768
- Median Age
- 44.70
- Median Household Size
- 2.58
Education
- High School
-
22.07%
- Associate’s Degree
-
7.56%
- Bachelor’s Degree
-
25.16%
- Graduate Degree
-
23.08%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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