55 Summerfield Lane Middletown

$925,000
5 3 5,152 sq ft

The Property

Updated 1850’s farmhouse currently set up as a two-family. Situated on a nearly 1-acre lot off a quiet dead-end street surrounded by stone walls, mature trees, and natural landscaping. Consisting of 3 levels of living, 5 good size bedrooms with option to add a 6th, 3 full moderns baths, 3 car garage with 2 lofts, large driveway offering plenty of parking, and walkout basement with workshop.

 Each unit comes with a wood-burning fireplace, modern kitchen and baths, private entrances, separate utilities, spacious decks, and Anderson Windows throughout. This historic home has been well cared for over the years and recently received many updates, including a brand new 6 bedroom septic system installed this July, brand new roof, new cedar siding, and insulation throughout. Please see attached disclosures for a list of improvements. An ideal owner occupying property offering a lot of flexibility.  Just a quick bike ride to 2nd or 3rd Beach, 4.5 miles from downtown Newport, and 2 miles from Newport National. This property is also listed as a single family, please see MLS # 1232386

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Listing Details

MLS Number

1232525

Lot Size:

0.94 acres

Features

  • Basement: Full
  • Clapboard
  • Porch
  • Shingles
  • Fireplace: Brick
  • Heating: Baseboard, Forced Water
  • Heating Fuel: Electric,Oil
  • Garage: Detached
  • Laundry
  • Cul De Sac
  • Paved Driveway
  • Type: Up/Down
  • Year Built: 1850
  • Water Amenities: Beach

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Market Trends for Multi Family Homes
in Middletown

  • Overview
    Homes for Sale Today8-60% decrease in inventory
    New on Market *4300% increase in new listings
    Avg. Asking Price/Sq.Ft. *$248.79$238 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$605,000$545,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *94.95%3.2% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$302.76$126 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *33385 decrease 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 Edge Realty RI, LLC

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