3 months on rocket

216 Gray Craig Rd, Middletown, RI, 02842

$5,400,000

5 Bedrooms
4 Full Baths, 2 Partial
10,263 SqFt
$526/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage
Year Built1926
HeatingForced Air, Oil, Radiant
CoolingCentral Air
BasementYes
FireplaceMarble, Stone
MLS #1362082
Lot Size2.76 Acres
StatusActive

About 216 Gray Craig Rd

Built in 1926 and nestled within a 77 acre estate association, The Stables at Gray Craig" is one of the more peaceful and private residences on Aquidneck Island. Offering 5 bedrooms, 4 full and 2 half baths within more than 10,000ft., the main house and its guest quarters are abundant in period detail and charm. The first level is both elegant and comfortable and is comprised of a spacious great room, an office which leads to a beautiful patio, dining room which is conveniently located next to the expansive kitchen, family room, two bathrooms, and two bedrooms. The second level consists of a large primary suite, a guest bedroom and 2 full baths. The third level is a separate seating area with a private balcony that overlooks spectacular grounds with a wonderful ocean view. The lower level is partially finished w/ a magnificent wine cellar and lounge area, gym and half bath. The original Gray Craig estate was designed by well-known architect Harrie T. Lindeberg and was centered around a chateau-like home which included kennels, greenhouses, a secret garden, tea house, gate house and "The Stables". Currently, the Gray Craig estate is a private association which abuts acres of conservation land and wildlife sanctuaries. Located 2+ miles from Newport and a mile from Sachuest Beach, the location is a perfect retreat for those who desire privacy, but also enjoy having the ocean and all that Newport has to offer within close proximity.

Property Details

Property Features

Property Information:

  • Architectural Style: Historic/Antique
  • Year Built: 1926
  • Stories: 2
  • Living Area: 10,263 SqFt

Listing Office:

  • Office Name: Lila Delman Compass
  • Office Phone: (401) 848-2101

Interior Features

Interior Information:

  • Appliances: Water Heater
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Marble
  • Interior: Bathtub, Stall Shower, Wine Cellar
  • Fireplace: Marble, Stone

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Garage

Lot Features

Lot Information:

  • Lot Size: 2.76 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Oil, Radiant
  • Cooling: Central Air

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: $5,400,000
  • Price Per SqFt: $526/SqFt

HOA Fees:

  • Amount: $500
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $54,995
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$715K

Med. Price/SqFt

$399

Avg. Days On Market

63

# of Sold Homes

19

216 Gray Craig Rd vs Middletown

113 DAYS ON ROCKET

+50 Days

$5,400,000

+$4.6M More

$526/SqFt

+$126 More

KEY TAKEAWAY

This property is $4.6M more than the Median Sold Price and $126/SqFt more than other homes in Middletown, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1362082

Listing Office:

  • Office Name: Lila Delman Compass
  • Office Phone: (401) 848-2101

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: 10/18/2024, 12:55:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 08, 1999Home Sold
$1,500,000
Feb 08, 1999Home Sold
$100,000
Feb 03, 1993Home Sold
$97,500
Aug 17, 1992Home Sold
$315,000

Tax History

YEARPROP. TAXASSESSMENT
2020$54,995$3,996,700
2018$54,955$3,996,700

History based on county public records data.

Payment Calculator

$27.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$16.2K

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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-586705
8
/10
  • Joseph H. Gaudet School

  • 1113 Aquidneck Ave

  • 1.63 miles

  • Public District Grades 5-8

High School

school-card-donut-586706
4
/10
  • Middletown High School

  • 130 Valley Rd

  • 1.80 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $107,000. Most Middletown, RI residents have annual incomes between $100k-200k. The most common type of family is single, no kids. Most residents in this area have post secondary degree 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.

Frequently Asked Questions About 216 Gray Craig Rd

What is the listing price of this property?

The listing price of 216 Gray Craig Rd property is $5,400,000.

What type of property is this?

The property 216 Gray Craig Rd is a house located in Middletown, Rhode Island, 02842.

Is this property for sale now?

Active Listing: 216 Gray Craig Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 216 Gray Craig Rd are:
Joseph H. Gaudet School: GreatSchools Rating 8/10
Middletown High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $54,995 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 8, 1999 for $1,500,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 216 Gray Craig Rd has 5 bedrooms and 4 full and 2 half bathrooms.

What is the square footage of this property?

The property 216 Gray Craig Rd is 10,263 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 216 Gray Craig Rd is 1926.
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Rocket Homes›Rhode Island›Newport County›Middletown›02842›216 Gray Craig Rd

This home is located at 216 Gray Craig Rd in Middletown, RI and zip code 02842. This 10,263 square foot home, which was built in 1926, sits on a 2.76 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $5,400,000.

While more than 3 listings in Middletown, RI in September 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 14 were sold below. Between August 2024 and September 2024, Middletown, RI real estate market has seen increase in the number of listings by 8.3%. Listings spent 63 days on the market in September 2024, and had a median list price of $715,000 during the same period.

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

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