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289 Prospect Avenue

289 Prospect Avenue, Middletown, RI 02842
Property in Middletown
Local assessors in Middletown, RI have categorized 289 Prospect Avenue as a residential type of property. The property's lot size has been calculated to be 23,087 square feet.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Residents rely on air conditioning for their cooling system. The property was last sold in Mar 26, 2021 for $1,280,000. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $865,000. 289 Prospect Avenue was last assessed in 2023. The total value of the property was assessed at $914,700. Specifically, the land the property is located on was valued at $291,600. While improvements on the property were assessed at a total of $623,100. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $11,516. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Wood Exterior
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210207
02/07/2021
3 Bed
3 Bath
2858 ft²
$1,400,000
bedrooms
3 Bed
bathrooms
3 Bath
square feet
2858 ft²
$1,280,000 -8.57%
03/26/2021
Newport Living Group
20200304
03/04/2020
3 Bed
3 Bath
2858 ft²
$689,000
bedrooms
3 Bed
bathrooms
3 Bath
square feet
2858 ft²
-
-
-
-

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 23,087
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.53
  • Standard Land Use Code: Residential income (general) (multi-family)

Ownership

  • Current Owner : HOFFMAN JOSHUA L
  • Current Owner 2: HOFFMAN BRYAN
  • Previous Owner : RUSSO MICHAEL S
  • Previous Owner 2: GARCIA NORBERT
  • Owner Before Previous Owner: MCHENRY DONALD A
  • Owner Before Previous Owner 2: MCHENRY DONNA M
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Middletown School District
  • School Tax School District: MIDDLETOWN PS
  • Census Tract: 040400

Zoning

  • Zoning: R20

Geography

  • Account Number: 202100217
  • Parcel: MIDD M:0120 B:00 L:47
  • Lot: 47
  • Municipality: MIDDLETOWN
  • Latitude: 41.4999
  • Longitude: -71.2784

    Address

  • Full Address: 289 Prospect Ave
  • Address - House Number: 289
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: RI
  • City Name: Middletown
  • Carrier Code: R001
  • 4-Digit Zip Code: 5652
  • Zip Code: 02842

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,516

    Appraisal Valuation

  • Standard Deviation: 0.1859
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 62
  • Final Value: 1,465,709
  • High Value: 1,738,244
  • Low Value: 1,193,173

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $914,700
  • Assessed Land Value: $291,600
  • Assessed Improvements Value: $623,100

    Sales

  • Current Sale Contract Date: Mar 26, 2021
  • Current Sale Recording Date: Mar 26, 2021
  • Current Sale Transaction ID: 11827450122
  • Current Sale Price: $1,280,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1134
  • Previous Sale Recording Date: Oct 23, 2015
  • Previous Sale Amount: $865,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Mar 26, 2021
  • First Mortgage Loan Amount: $960,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: HOMESTAR FINANCIAL CORP
  • Previous Mortgage Transaction Date: Oct 23, 2015
  • Previous Mortgage Loan Amount: $648,750
  • Previous Mortgage Term: 95
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Oct 23, 2023

About Newport East



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 289 Prospect Avenue located in?
The 289 Prospect Avenue is a other located in the neighborhood of Middletown in Newport East, Middletown.
What is the average sales price for listings in 289 Prospect Avenue?
The average sales price for units in 289 Prospect Avenue is $1,400,000 , or $490/sqft. currently.

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