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    1 Ichabod Lane

    Middletown, RI 02842
    • $2,199,000
    • STATUS: Active
    • ON SITE: 79 days
    • MLS #: 1257908
    UPDATED: 27 min ago
    $2,199,000
    • 9
      BEDS
    • 0.43
      ACRES
    • 9
      BATHS
    • 1
      1/2 BATHS
    • 8,000
      SQFT
    • $275
      $/SQFT
    Type:
    Multi-Family
    Built:
    1857
    County:
    Area:

    School Ratings & Info

    Description

    Restmere is a magnificent Italianate mansion designed in 1857 by architect Richard Upjohn. Newport architect John Grosvenor and author Cheryl Hackett restored Restmere, had this landmark listed on the National Register of Historic Places and intentionally designed the living spaces so that the home can function as a 6 bedroom, seven bathroom home with an additional two bedroom, two bathroom townhouse apartment and an airbnb style apartment: Owner's residence, Penthouse and Town House. Either option allows for a steady, income stream. The restoration included replacing the roof, installing HVAC, and upgrading all mechanicals. The owner's 6,000 square foot residence features a classic veranda, entrance hall, grand staircase, formal living room and dining room, powder room, library and gourmet kitchen-all with 12' high ceilings, parquet floors, working fireplaces, and period lighting. The second floor features 10' high ceilings, three bedrooms with ensuite luxurious bathrooms. The basement has several rooms one of which is finished and could be a studio or exercise room. The former kitchen ell has been transformed into a furnished two-bedroom, two-bath townhouse with laundry, basement storage and parking. The three bedroom three bathroom, elegantly furnished, penthouse also has a private entrance, parking and patio. Until Covid, it was Airbnb rental. Currently both are rented on a long term basis. The rental income averages around $60,000/year & could easily be maximized.

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    © 2020 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Dave T Team @ RE/MAX Central are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Dave T Team @ RE/MAX Central. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-09-20T18:37:33.107.
    www.davetteam.com/homes/107447877
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    1 Ichabod Lane Middletown, RI 02842

    • Price: $2,199,000
    • Status: Active
    • Updated: 27 min ago
    • MLS #: 1257908
    9
    Beds
    9
    Baths
    1
    ½ Baths
    0.43
    Acres
    8,000
    SQFT
    $275
    $/SQFT
    1857
    Built
    Neighborhood:
    Newport/Middletown Border
    County:
    Newport
    Area:
    Middletown
    Property Description
    Restmere is a magnificent Italianate mansion designed in 1857 by architect Richard Upjohn. Newport architect John Grosvenor and author Cheryl Hackett restored Restmere, had this landmark listed on the National Register of Historic Places and intentionally designed the living spaces so that the home can function as a 6 bedroom, seven bathroom home with an additional two bedroom, two bathroom townhouse apartment and an airbnb style apartment: Owner's residence, Penthouse and Town House. Either option allows for a steady, income stream. The restoration included replacing the roof, installing HVAC, and upgrading all mechanicals. The owner's 6,000 square foot residence features a classic veranda, entrance hall, grand staircase, formal living room and dining room, powder room, library and gourmet kitchen-all with 12' high ceilings, parquet floors, working fireplaces, and period lighting. The second floor features 10' high ceilings, three bedrooms with ensuite luxurious bathrooms. The basement has several rooms one of which is finished and could be a studio or exercise room. The former kitchen ell has been transformed into a furnished two-bedroom, two-bath townhouse with laundry, basement storage and parking. The three bedroom three bathroom, elegantly furnished, penthouse also has a private entrance, parking and patio. Until Covid, it was Airbnb rental. Currently both are rented on a long term basis. The rental income averages around $60,000/year & could easily be maximized.
    Exterior Features

    Architectural Style Other Construction Materials DrywallPlasterClapboardWood Siding Covered Spaces 0 Exterior Features DeckPorchPatioPaved Driveway Foundation Details Stone Garage YN No Lot Features Cul-De-SacPaved Parking Features None Parking Total 4 Patio And Porch Features DeckPatioPorch Waterfront Features Walk To Water

    Interior Features

    Appliances DryerDishwasherElectric Water HeaterDisposalMicrowaveOvenRangeRefrigeratorWasher Basement Exterior EntryFullInterior EntryPartially Finished Basement YN Yes Cooling 1 UnitCentral Air Fireplace Features GasMarble Fireplace YN Yes Fireplaces Total 3 Flooring HardwoodParquetPlywood/CompositeWood Heating Hot WaterIndividualPropaneZoned Interior Features Wet BarBathtubCedar Closet(S)Internal ExpansionTub Shower

    Property Features

    Electric 200+ Amp Service Land Lease YN No Laundry Features In Unit Operating Expense 4000 Owner Pays Hot Water Property Sub Type Multi Family Security Features Security System Leased Senior Community YN No Sewer ConnectedPublic Sewer Tax Annual Amount 11608 Tax Assessed Value 844200 Tax Lot 140 Tax Year 2020 Utilities Water Connected Water Source ConnectedPublic Zoning R10

    Listing information © 2020 State-Wide Multiple Listing Service.
    Listing provided courtesy of Gustave White Sotheby's Realty.





    © 2020 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Dave T Team @ RE/MAX Central are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Dave T Team @ RE/MAX Central. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-09-20T18:37:33.107.
     
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    Dave T Team @ RE/MAX Central
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    Coventry RI, 02816