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503 Corey Ln, Middletown, RI, 02842

$549,000

Home List Price

$6,519*

Closing Credit

2 Bedrooms
2 Full Baths
1,108 SqFt
$495/SqFt
Condo

Location

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503 Corey Ln, Middletown$549,000

Buyer Closing Credits

$6,519*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAttached, Garage, Unassigned
Attached GarageYes
Year Built1986
HeatingForced Air, Natural Gas
CoolingNone
FireplaceMasonry
MLS #1365150
StatusActive

About 503 Corey Ln

Rare and unique single level 2-bedroom, 2-bathroom Condo in the desirable Whitehall Farm neighborhood of Middletown. The entire exterior of all units underwent a complete restoration, including new roofs, composite siding, and repaving of driveways and access roads. This end unit has lots of natural light and two private patios. The living room has high ceilings, recessed lighting, and a wood-burning fireplace. Sliders lead to a very private patio. The adjacent kitchen and dining area also offer easy access to the patio. There is an up and down laundry closet and convenient garage access. The spacious primary suite has ample closet space and an en-suite bath. The second bedroom is across from a full bath and is perfect for guests. The serene, park-like grounds feature mature trees and plantings. These amenities combined with close access to the beaches and the local post-and-beam farmers market with its own caf , seasonal entertainment and a pick-your-own farm make this condo a highly sought-after investment. It is a short drive to restaurants, shopping and downtown Newport. This property offers the perfect blend of a peaceful setting and convenience to everything you might need or desire.

Property Details

Property Features

Property Information:

  • Year Built: 1986
  • Stories: 1
  • Living Area: 1,108 SqFt

Listing Office:

  • Office Name: William Raveis Inspire
  • Office Phone: (401) 846-3800

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Oven, Range, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Carpet
  • Interior: Tub Shower, Cable TV
  • Fireplace: Masonry

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Patio

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached, Garage, Unassigned

Lot Features

Lot Information:

  • Lot: Wooded

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: None

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: $549,000
  • Price Per SqFt: $495/SqFt

HOA Fees:

  • Amount: $740
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $3,528
  • Tax Year: 2020
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Housing Market Comparison

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

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Middletown, RI

City

Med. Sold Price

$695.5K

Med. Price/SqFt

$390

Avg. Days On Market

41

# of Sold Homes

13

503 Corey Ln vs Middletown

38 DAYS ON ROCKET

-3 Days

$549,000

-$146.5K Less

$495/SqFt

+$104 More

KEY TAKEAWAY

This property is $146.5K less than the Median Sold Price and $104/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: #1365150

Listing Office:

  • Office Name: William Raveis Inspire
  • Office Phone: (401) 846-3800

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: 9/16/2024, 3:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 13, 2003Home Sold
$225,000
Aug 10, 1988Home Sold
$129,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,528$283,400
2018$3,897$283,400

History based on county public records data.

Payment Calculator

$3,548

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,712

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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-2335495
8
/10

  • Joseph H. Gaudet School

  • 1113 Aquidneck Ave

  • 0.56 miles

  • Public District Grades 5-8

High School

school-card-donut-2335496
4
/10

  • Middletown High School

  • 130 Valley Rd

  • 0.77 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 $107,000. The most common annual income of people living in Middletown, RI is between $100k-200k. Typical family type is single, no kids. Residents of this area typically 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.

Types of housing 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.

What is it like to live in Middletown, RI?

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.

Is it easy to get around Middletown, RI without a car?

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.

Transportation in Middletown, RI.

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 503 Corey Ln

What is the listing price of this property?

The listing price of 503 Corey Ln property is $549,000.

What type of property is this?

The property 503 Corey Ln is a condo located in Middletown, Rhode Island, 02842.

Is this property for sale now?

Active Listing: 503 Corey Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 503 Corey Ln 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 $3,528 (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 13, 2003 for $225,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 503 Corey Ln has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 503 Corey Ln is 1,108 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 503 Corey Ln is 1986.

Rocket Homes›Rhode Island›Newport County›Middletown›02842›503 Corey Ln

This home is located at 503 Corey Ln in Middletown, RI and zip code 02842. This 1,108 square foot home was built in 1986. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 09, 2024 and is currently priced at $549,000.

Middletown, RI housing market in August 2024 saw over 4 listings sold above listed price, more than 4 sold at listed price and over 5 sold below. The number of homes for sale in Middletown, RI decreased by 3.2% between July 2024 and August 2024. Listings spent 41 days on the market in August 2024, and had a median list price of $695,500 during the same period.

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

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