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Newport 02842
906 Mitchells Lane
$745,000
● House - Off Market

906 Mitchells Lane

Middletown, RI 02842
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,800 Ft²
$4,302
Est. Monthly

About This Property

Welcome home to this large three bedroom one and a half bath Middletown home ! The interior boasts hardwood and tileflooring, stainless steel appliances and a finished basement. The exterior of the home offers many amenities to relax andentertain on your large lot with an awesome patio , deck and beautiful mature plantings. This home is minutes away from NatureLovers Atlantic Ocean Beaches, a golf course, a bird sanctuary, trails, shopping and restaurants , Sweet Berry Farm and all of theflare that Rhode Island has to offer. Come and make this home yours
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$431
Property Type
House
Property Taxes
$496
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73286231)

Price History

Date / Event Date Event Price
Oct 25, 2024 Sold
Premium
Sold
Sep 28, 2024 In contract -
In contract
Aug 31, 2024 Listed by Amaral & Associates RE $775,000
Listed by Amaral & Associates RE
Aug 10, 2016 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 638
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,492
  • Total Building Area: 960
  • Gross Building Area: 2,108
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 960
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000700
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: R60

Geography

  • Account Number: 201700050
  • Parcel: MIDD M:0125 B:00 L:842
  • Lot: 842
  • Municipality: MIDDLETOWN
  • Latitude: 41.5153
  • Longitude: -71.2585

    Address

  • Full Address: 906 Mitchells Ln
  • Address - House Number: 906
  • Address - Street Name: Mitchells
  • Address - Suffix Type: Ln
  • State: RI
  • City Name: Middletown
  • Carrier Code: R002
  • 4-Digit Zip Code: 5379
  • Zip Code: 02842

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $482,100

    Appraisal Valuation

  • Standard Deviation: 0.1972
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 73
  • Final Value: 665,978
  • High Value: 797,338
  • Low Value: 534,618

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $382,900
  • Assessed Land Value: $249,500
  • Assessed Improvements Value: $133,400

    Sales

  • Current Sale Recording Date: Aug 10, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2054
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Newport

Stats & Trends

Median Asking:

$554,450

Sale Price/ft²

$375

Below Asking

0.03%

Average Days on Market

68

Average Home Size

2714 ft²

Average Home Age

53.7 years

Currently For Sale

21 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73286231

Frequently Asked Questions

When was property at 906 Mitchells Lane built and last sold?
The property at 906 Mitchells Lane was built in 1968 and last sold on Jan 1, 1970 for $320,000.
How much is this home worth?
The estimated value of the home located at 906 Mitchells Lane is $777,222.
What are some comparable homes to 906 Mitchells Lane?
There are currently no comparable homes to 906 Mitchells Lane.
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