See Home Value
Newport 02842
Gray Craig Road
$2,677,501*
House - Off Market

Gray Craig Road

Middletown, RI 02842
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4550 Sqft
$1,508,000 - $1,842,000
Reference Base Price*
59.85%
Since Aug 1, 2017
National-US
Primary Model
Sold Aug 11, 2021
$2,250,000
$900,000 by Baycoast Mortgage Company
Mortgage
Sold Nov 01, 1993
$157,500

About This Property

"Paradise Ledge" nestled amongst stone walls, flowering meadows and century-old specimen trees in the private enclave of "Gray Craig".  This home provides ultimate privacy and was beautifully custom- designed with walls of glass windows, an open floor plan, sunlight filled interiors hardwood floors, 4 fireplaces, central air conditioning and a gourmet kitchen.  Second Beach is a short walk away and the Norman Bird Sanctuary with its 300 conserved acres and 7 miles of hiking trails is just behind this house.  The Sachuest Point National Wildlife Refuge which protects 242 acres of beach, nature trails and some of the best fishing spots in New England is nearby.  The City by the Sea, as Newport is also known as, with famed Cliff Walk, Bellevue Avenue, Gilded Age mansions and the Newport Harbor with regattas and sailing activity is a 10 minute drive as are the wharf areas with fabulous shops, restaurants and marinas.  Relax and dine under your Pergola bluestone terrace with fish pond, outdoor shower and an English Conservatory.  All faces conserved land for ultimate privacy.  A one-of-a-kind gem.

The manager has listed the unit size as 4550 square feet.
Unit Size
4,550Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$368
Property Type
House
Property Taxes
$28,396
HOA Dues
$1,500
Year Built
1994

Price History

Date / Event Date Event Price
Aug 11, 2021 Sold to Amelia E Malateata, James F... $2,250,000
Sold to Amelia E Malateata, James F...
Jul 9, 2017 Listed $1,675,000
Listed
Nov 1, 1993 Sold to Daniel R Conway, Paula Conway $157,500
Sold to Daniel R Conway, Paula Conway

Property Highlights

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 1,933
  • Garage Type: Underground/basement
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 32,670
  • Total Building Area: 5,169
  • Gross Building Area: 8,694
  • Building Area: 5,169
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 5,169
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.75
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MALATESTA JAMES F
  • Current Owner 2: MALATEATA AMELIA E
  • Previous Owner : DANIEL P CONWAY RET
  • Owner Before Previous Owner: ESTS GRAY CRAIG
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Newport School District
  • School Tax School District: MIDDLETOWN PS
  • Census Tract: 040400

Zoning

  • Zoning: R60

Geography

  • Account Number: 202200033
  • Parcel: MIDD M:0126 B:00 L:202
  • Lot: 202
  • Municipality: MIDDLETOWN
  • Latitude: 41.497
  • Longitude: -71.2646

    Address

  • Full Address: 60 Gray Craig Rd
  • Address - House Number: 60
  • Address - Street Name: Gray Craig
  • Address - Suffix Type: Rd
  • State: RI
  • City Name: Middletown
  • Carrier Code: R001
  • 4-Digit Zip Code: 5776
  • Zip Code: 02842

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $24,807
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2053
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 72
  • Final Value: 3,195,461
  • High Value: 3,851,787
  • Low Value: 2,539,135

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $900,000
  • First Open Lien Mortgage Lender: BAYCOAST MORTGAGE COMPANY
  • First Open Lien Mortgage Recording Date: Aug 11, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $900,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,970,400
  • Assessed Land Value: $921,600
  • Assessed Improvements Value: $1,048,800

    Sales

  • Current Sale Contract Date: Aug 11, 2021
  • Current Sale Recording Date: Aug 11, 2021
  • Current Sale Transaction ID: 11849543903
  • Current Sale Price: $2,250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2724
  • Previous Sale Recording Date: Nov 01, 1993
  • Previous Sale Amount: $157,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BAYCOAST MORTGAGE COMPANY
  • First Mortgage Transaction Date: Aug 11, 2021
  • First Mortgage Loan Amount: $900,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN RES MTG CORP



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
-
$1,300,000 Jun 15, 2022
$1,300,000 Jul 29, 2022
$565/mo
Condo
5 Beds
5 Baths
-
$1,800,000 Jul 25, 2012
$1,800,000 Jan 4, 2013
$3,636/mo
House
3 Beds
3 Baths
2,592 ft²
$559/ft²
$1,449,000 Oct 8, 2023
-
$601/mo
House
7 Beds
4.5 Baths
3,346 ft²
$508/ft²
$1,700,000 Oct 26, 2023
-
$717/mo

About Newport


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Nearby Rentals



Frequently Asked Questions

When was property at 60 Gray Craig Road built and last sold?
The property at 60 Gray Craig Road was built in 1994 and last sold on Aug 11, 2021 for $2,250,000.
How much is this home worth?
The estimated value of the home located at 60 Gray Craig Road is $1,764,879.
What are some comparable homes to 60 Gray Craig Road?
There are currently no comparable homes to 60 Gray Craig Road.

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