This home's estimate is 0.2% higher than the average sale price ($413K) of 6 comparable homes.
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470 Shippee Rd, East Greenwich, RI 02818
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About this home
* * Highest & Best Due Saturday, 5/30 by 12:30 PM * * In the heart of desirable East Greenwich where South Road becomes Shippee Road, this 1.48-acre parcel offers a rare opportunity for a new build in a peaceful country setting. The land is mostly flat and lightly wooded with classic stone walls, mature plantings, and seasonal flowers; an inviting backdrop for a future custom home or small hobby/equestrian use, subject to approvals. Upon property transfer, the zoning will change from F2 to F1. DEM Site Eval, OWTS Inspection Report and Soil Eval Report Available. The existing cottage is a tear-down: it sits on cinder blocks, has no permanent heat source (wood stove only), and will not qualify for conventional, FHA, VA, or rehab/construction financing. If purchasing as a single-family residence with the existing structure, cash buyers only. If purchasing as land, specialized land/lot financing may be obtainable, subject to lender requirements and buyer due diligence. The well and cesspool do not meet current code and will require buyer replacement. Do not walk the property without an agent present; access is by appointment only. See MLS#1411843 for vacant land listing
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Last updated August 2026
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Est. $2,863 per month, based on comparable rentals
Sale and tax history for 470 Shippee Rd
- Sale History
- Tax History
$409/sq ft
$375/sq ft
$375/sq ft
$405/sq ft
Public record
- Public record
- Zoning
F-2
Farming District 2 Acres District
This district is designed to preserve farmland and open space and provide for very-low-density residential development within the Town.Include but are not limited to:
- Agriculture
- Housing-Group
- Housing-Single unit
- Golf related
- Marina
Property details
Parking
- Parking
- Features: No Garage
- # of Parking (Total): 4
Interior
- Virtual Tour
- Bathroom Information
- # of Full Bathrooms: 1
- Room Information
- # of Rooms (Total): 4
- Equipment
- Appliances: Electric Water Heater
- Interior Features
- Flooring: Carpet, Ceramic Tile, Laminate
Exterior
- Building Information
- Stories: 1
- Stories (Total): 1
- Construction Details: Wood Siding
- Exterior Features
- Other Structures: Barn(s)
- Land Information
- Horses Allowed
- Horse Amenities: Horses Allowed
- Lot Information
- Lot Size Area: 82,764
- Lot Size Acres: 1.9
- Zoning: F2
- Property Information
- Above Grade Finished Area: 865
- Foundation Details: Block
Financial
- Assessments and Fees
- Assessed Value: $280,400
- Tax Information
- Annual Tax Amount: $4,366
- Tax Year: 2025
Utilities
- Utility Information
- Electric: Fuses
- Sewer: Cesspool
- Water Source: Well
- Heating & Cooling
- Heating: Wood
Location
- Community Information
- Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Recreation Area, Restaurant, Shopping, Tennis Courts
Public facts
- Beds: 2
- Baths: 1.0
- Sq. Ft.: 865
- Stories: 1.0
- Lot Size: 1.48 acres
- Style: Single Family Residential
- Year Built: 1945
- Year Renovated: —
- County: Kent County
- APN: 472301
Around this home
Schools
Public K-2 • Assigned • 2.0mi
Public 6-8 • Assigned • 4.7mi
Public 9-12 • Assigned • 3.4mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 96° expected this year, 16 days in 30 years
80% chance of strong winds in next 30 years
2 unhealthy days expected this year, 2 days in 30 years
Sun exposure
Low sunlight
SunscoreThere appears to be significant shading by surrounding buildings, terrain, and vegetation.
Nearby similar homes
New listings for sale in 02818
Home values near 470 Shippee Rd
| Address | Redfin Estimate |
|---|---|
4 Beds | 3 Baths | 4791 Sq. Ft. | $1,296,654 |
4 Beds | 1.5 Baths | 2050 Sq. Ft. | $721,146 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2.5 Baths | 3972 Sq. Ft. | $1,009,114 |
4 Beds | 3 Baths | 4959 Sq. Ft. | $1,222,484 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 1.5 Baths | 2260 Sq. Ft. | $786,302 |
4 Beds | 2.5 Baths | 3972 Sq. Ft. | $999,979 |
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