new - 1 day on rocket

16 Race St, Middletown, RI, 02842

$599,000

Home List Price

$7,113*

Closing Credit

4 Bedrooms
2 Full Baths, 2 Partial
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

16 Race St, Middletown$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1987
HeatingBaseboard, Electric, Oil
CoolingWindow Unit(s)
BasementYes
MLS #1368847
Lot Size0.11 Acres
StatusActive

About 16 Race St

Excellent Investment opportunity!! This beautifully side by side two-family property is now available for sale in Middletown, RI. This property is a quick drive to everything Aquidneck Island has to offer including the Naval War College, Downtown Newport, easy on and off to the Newport Bridge, local shopping areas and restaurants. Each unit is bi-level, provides two bedrooms, one full bathroom, half bathroom and provides access to the basement area which is perfect for any tenants looking to have room for storage. Both units have a designated backyard area perfect for entertaining along with driveways for each unit to park at least two vehicles. There is some cosmetic work needed but overall, the property is in very good shape. Both tenants are currently on month-to-month leases. Please note that the property is being sold "As Is" and has received an independent appraisal in its current condition at $650,000. Come see this property during the open house this Sunday from 2-3:30pm!!

Property Details

Property Features

Property Information:

  • Year Built: 1987

Listing Office:

  • Office Name: Castle Keep Realty Corp.
  • Office Phone: (401) 846-0386

Interior Features

Interior Information:

  • Appliances: Electric Water Heater, Microwave, Oven, Water Heater, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Laminate, Carpet
  • Interior: Tub Shower

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Electric, Oil
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Middletown High School, Public District Grades 9-12
  • Joseph H. Gaudet School, Public District Grades 5-8

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000

Tax Information:

  • Annual Amount: $3,586
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Middletown, RI.

Map thumbnail provided by MapBox

Middletown, RI

City

Med. Sold Price

$695.5K

Med. Price/SqFt

$390

Avg. Days On Market

41

# of Sold Homes

13

16 Race St vs Middletown

1 DAY ON ROCKET

-40 Days

$599,000

-$96.5K Less

KEY TAKEAWAY

This property is $96.5K less than the Median Sold Price in Middletown, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1368847

Listing Office:

  • Office Name: Castle Keep Realty Corp.
  • Office Phone: (401) 846-0386

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/19/2024, 7:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,586$260,600
2018$3,583$260,600

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-3629073
8
/10

  • Joseph H. Gaudet School

  • 1113 Aquidneck Ave

  • 1.25 miles

  • Public District Grades 5-8

High School

school-card-donut-3629074
4
/10

  • Middletown High School

  • 130 Valley Rd

  • 0.86 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,300. Residents of Middletown, RI typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Middletown, RI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Middletown, RI?

Middletown's housing market is diverse, offering a mix of residential options that cater to a range of preferences. Single-family homes are prevalent, making up a significant portion of the housing stock, with architectural styles that span from classic colonial to contemporary. The market also includes a selection of condominiums and townhouses, providing alternatives for those seeking a more communal living experience. The area's construction history is varied, with many homes dating back to the mid-20th century, while recent developments have introduced modern amenities and designs into the mix.

Is Middletown, RI a good place to live?

Middletown is celebrated for its serene coastal charm and a strong sense of community. The town's character is defined by its picturesque landscapes, including well-maintained beaches and public parks that offer residents a peaceful retreat. Local events and festivals throughout the year, such as the Middletown Founders Day Parade, reflect the town's rich history and foster a sense of pride among residents. The community's ambiance is further enhanced by its commitment to preserving its natural beauty and historical significance.

Are things conveniently located in Middletown, RI?

The community is served by a range of essential services, ensuring residents have access to necessary amenities. The educational landscape includes several public schools that cater to different age groups, as well as private institutions that offer alternative educational pathways. Healthcare needs are met by local clinics and nearby hospitals that provide a spectrum of medical services. Middletown also features a public library system that supports lifelong learning. Retail and dining options are plentiful, with local businesses and eateries reflecting the town's coastal culture and culinary diversity.

What does the transportation in Middletown, RI look like?

Transportation in Middletown is facilitated by a network of roads that connect residents to neighboring cities and attractions. Public transit options are available, providing connections to key areas within the town and beyond. The community's layout encourages walkability in certain districts, particularly around commercial centers and residential neighborhoods. For those who prefer cycling, there are bike-friendly routes that make navigating the town more accessible. While specific ride-sharing services are not mentioned, such options are commonly used by residents for added convenience.

Rocket Homes›Rhode Island›Newport County›Middletown›02842›16 Race St

This home is located at 16 Race St in Middletown, RI and zip code 02842. This home, which was built in 1987, sits on a 0.11 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $599,000.

Over 4 listings were sold over their listed price in August 2024 in Middletown, RI. In the same period over 5 listings were sold below the listed price and 4 listings were sold for the listed price. The number of listings in Middletown, RI decreased by 3.2% between July 2024 and August 2024. The median list price of listings available in August 2024 was $695,500, while the average time on the real estate market was 41 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources