Middletown, RI 02842,1 Indian TER
Middletown, RI 02842,1 Indian TER
Middletown, RI 02842,1 Indian TER
$1,706,000
Est. payment /mo
$1,750,000
2.5%
Est.Price: ?

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4,679 SqFt
SOLD DATE : 09/27/2021

Key Details

Sold Price $1,706,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 4,679 sqft

Price per Sqft $364

Subdivision Indian Ave.

MLS Listing ID 1286809

Sold Date 09/27/21

Style Cabin/Cottage

HOA Y/N No

Abv Grd Liv Area 4,679

Year Built 1945

Annual Tax Amount $13,308

Tax Year 2020

Lot Size 1.060 Acres

Acres 1.06

Property Description

Rare find in one of Middletown's most sought after neighborhoods: Private compound, comprises two lots that are being sold together. Property includes 1, 1A, 2, 3 and 4 Indian Terrace. The 4 absolutely charming cottages are one bedroom cottages with open living areas, cathedral ceiling, washer dryer and separately metered utilities. The largest cottage has two full baths. The 4 cottages all have electric heat, 3 have a wood burning stove, 2 have ductless air conditioning, one has central air. Each cottage has a different layout and its own charm with either a patio or deck and there is enough open space between them to give the tenants privacy. Cottage 1A, with its stunning interior, has central ac, a partial basement and a large fully fenced yard. Cottage 4 has a very private yard that is semi fenced. The main house has 2 full baths, two levels of living, oil heat, 2 fireplaces, each with an insert, a very cozy loft, full basement and a fenced yard. The cathedral ceiling and the second floor deck give this home an airy feeling. The hardwood floors and wood paneled ceiling give it warmth. 1 and 1A are situated on lot 37 and 2,3 and 4 are on lot 38. This property is only a few steps from Pebble Beach and a short bike ride to Middletown beaches. These homes have been consistently rented year round over the last 20 years. Rents under market value.

Location

State RI

County Newport

Community Indian Ave.

Zoning R-40

Rooms

Basement Full

Interior

Heating Baseboard, Central, Hot Water, Other, Radiant

Cooling Ductless, Window Unit(s), Central Air

Furnishings Unfurnished

Laundry In Unit

Exterior

Community Features Near Schools, Other, Recreation Area

Utilities Available Cable Available, Electricity Available, Natural Gas Not Available, Water Available

Street Surface Gravel

Total Parking Spaces 12

Building

Lot Description Wooded

Foundation Block, Slab

Sewer Septic Tank

Water Private, Well

Architectural Style Cabin/Cottage

New Construction No

Others

Tax ID 11A-4INDIANTERMDLT

Financing Other

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Listed by Hogan Associates Christie's
Bought with RE/MAX Profnl. Newport, Inc.

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agent

Eric Chauvin

+1(617) 448-0910

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