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DRASTICALLY REDUCED, below assessment !!!

Listing ID 20578074 | Updated 355 days ago

$429,000
Willing to negotiate


Middletown, RI 02842

3 beds, 2 baths
Single Family

Listing is inactive

About this Property

Bedrooms:3 Bathrooms:2 Floors:2.0 Square Footage:2740
Year Built:1940 School District:Middletown Garage Size:1.5 Lot Size:30,000s.f.
Amenities:Fireplace, Wood Floors

A must-see executive cape. Custom built by area master builder as his own home and occupied by his family since new. This unique home was featured in the "Providence Journal" newspaper home section, as was the builder in "American Builders" magazine for the attention to detail and workmanship. The estate-like setting contains many beech, pine and maple trees and many shrubs. An additional outbuilding with electricity provides a neat workshop. There is a legal efficiency apartment over the oversize garage containing a full bath off the living/kitchen/sleeping area. The apartment has its' own, separate utilities. It makes a good provision for extra income, or teen/in-law quarters or guest accomodations.It has a 40 year long, continuous rental history (the last 12 years documented) and is currently rented, month to month for $700 per month. The main house has a new furnace and the entire home and garage has a new roof. Exterior walls are wood-shingled. The newly renovated kitchen features a "country" eating area and new wood floors. There is a large, formal dining room, formal living room w/FP, family room/den/office w/FP and master bedroom and full bath on first floor. Two bedrooms and full bath occupy the second floor. Partial owner financing possible. Owner/Broker has creative financing expertise. The site has historical significance as a stagecoach stop for the Newport to Fall River/Boston stagecoach line.

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