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118 Wolcott Avenue, Middletown
118 Wolcott Avenue, Middletown

118 Wolcott Avenue Middletown

$1,800,000
3 2 1,600 sq ft

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The Property

Attention investors! The solidly built and well-maintained ranch home is “grandfathered” to allow short-term rentals without a special permit or owner occupancy, and comes with an additional lot. As an added bonus, duplexes are allowed on either lot by special permit. Each lot is legally nonconforming with respect to frontage and lot width, but an administrative subdivision is required to remove a slight encroachment of the house over the common lot line. The administrative subdivision will increase the size of one lot to at least 20,000 sf, which would allow an accessory dwelling unit “by right” if the proposed ordinance is adopted.

The other lot will be approximately 16,915 sf.

The house features hardwood flooring, except for the eat-in kitchen (linoleum) and bathrooms (tile), an efficient 95% AFUE direct vent gas boiler (2015), attic fan, architectural shingles (2013), optional 1st floor washer/dryer hookups, huge back yard with 6’ chain link fence, knotty pine breezeway to attached 2-car garage, tool shed, brick patio and front walkway, basement cedar closet, new efficient toilets, and window awnings on west side.

The property is being offered as a package, but the owner will entertain selling individually (subject to approval of the administrative subdivision).

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Listing Details

MLS Number

1372308

Lot Size:

0.85 acres

Features

  • Basement: Full, Interior Only, Unfinished
  • Golf
  • Highway Access
  • Hospital
  • Interstate
  • Marina
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Fireplace: Brick, Gas Insert
  • Heating: Natural Gas, Baseboard, Forced Water
  • Heating Fuel: Natural Gas, Baseboard, Forced Water
  • Garage: 1
  • Extra Lot
  • Fenced
  • Out Building
  • Paved Driveway
  • Type: Ranch
  • Year Built: 1953

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Market Trends for Single Family Homes
in Middletown

  • Overview
    Homes for Sale Today26-93.8% decrease in inventory
    New on Market *1385.7% increase in new listings
    Avg. Asking Price/Sq.Ft. *$610.17$44 increase in List Price/Sq.Ft.
    Avg. Sale Price *$1,270,833$195,948 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *92.91%-1.5% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$680.41$34 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *12556 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Connell Real Property

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