SOLD OCT 29, 2025

Off Market Oct 2025 for $485K

$589,572

•

1,250

sq ft

116 Balsam Rd, Wakefield, RI 02879

About this home

Tucked away in the sought-after Ocean Ridge community, this charming cottage offers the perfect blend of comfort, character, and coastal living. With Deeded Water Rights and membership in the Ocean Ridge Civic Association (O. R. C. A. ), you'll enjoy exclusive access to a private beach on Green Hill Pond, kayak/canoe storage, two boat ramps, a 22-slip marina, beach pavilion, clubhouse, and vibrant year-round events. Whether you're a first-time buyer, downsizing, seeking a summer escape, or looking for a smart investment, this home fits the bill. The fenced backyard provides privacy and space to relax, entertain, or garden. Inside, the cozy interior is filled with warmth and natural light, while the dry basement with its efficient wood stove offers flexible space for storage, a home office, or guest overflow. Bike to nearby Charlestown Beach, or explore local caf s, restaurants, and ice cream shops just minutes away. With easy access to Route 1 and close proximity to URI, this home is ideally located for enjoying everything coastal Rhode Island has to offer. Embrace the laid-back lifestyle where every day feels like a vacation. Your coastal escape awaits in Ocean Ridge

Single-familyProperty Type

1956Year Built

4,792 sq ftLot Size

$472Est. Price/Sq.Ft.

4 spacesParking

Listed by David Cappucci • KEY Real Estate Services

Bought with Caitlyn Wass • Residential Properties Ltd.

Redfin checked: a few seconds ago

•Source:RIS #1388340

Redfin Estimate

$589,572

$105K since sold in October 2025$10K since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 6.4% lower than the average sale price ($630K) of 6 comparable homes.

SOLD AUG 7, 2026
$920,000
A
2 beds2 baths1,222 sq ft
155 Green Hill Ave, Wakefield, RI 02879
SOLD JAN 2, 2026
$490,000
B
2 beds1 bath900 sq ft
108 Balsam Rd, Wakefield, RI 02879
SOLD JUL 31, 2026
$550,000
C
3 beds2 baths1,378 sq ft
76 Hemlock Rd, Wakefield, RI 02879
SOLD JUN 30, 2026
$601,000
D
3 beds1 bath620 sq ft
75 Spruce Rd, Charlestown, RI 02813
SOLD APR 29, 2026
$550,000
E
2 beds1 bath600 sq ft
4 Juniper Rd, Wakefield, RI 02879
SOLD JUL 1, 2026
$670,000
F
2 beds2 baths1,736 sq ft
121 Tupelo Rd, Wakefield, RI 02879

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$170,646

Est. take-home

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Rent

$1,777/mo

Redfin rental estimate

List your home for rent

Market trends in 02879, RI

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.2%

0.5% MoM

Median sale price

$675K

$23K MoM

Avg. days on market

27d

7 days MoM

Recently sold homes

13 MoM

New listings for sale

OPEN SAT, 11AM TO 12:30PM
$999,900
2 beds3 baths2,692 sq ft
156 Driver Ln, Wakefield, RI 02879
$329,900
2 beds2 baths1,248 sq ft
158 Holiday Ct, Wakefield, RI 02879
$699,000
3 beds2 baths1,634 sq ft
433 Gravelly Hill Rd, Wakefield, RI 02879
$5,500,000
4 beds2.5 baths2,614 sq ft
66 B Torrey Rd, Wakefield, RI 02879
$989,000
2 beds1 bath1,116 sq ft
6 Arbeth Ave, Narragansett, RI 02882
$659,900
3 beds2 baths1,747 sq ft
60 Brookwood Rd, Wakefield, RI 02879
OPEN FRI, 4PM TO 6PM
$850,000
4 beds2.5 baths2,066 sq ft
172 Broad Rock Rd, Wakefield, RI 02879
OPEN SAT, 12PM TO 2PM
$1,320,000
4 beds2.5 baths3,204 sq ft
3548 B Commodore Perry Hwy, South Kingstown, RI 02879
$585,000
2 beds2 baths1,776 sq ft
29 Oak Rd, Wakefield, RI 02879
3D WALKTHROUGH
$729,000
4 beds3 baths2,058 sq ft
813 South Rd, Wakefield, RI 02879
See all

Provided by Redfin

Sale history for 116 Balsam Rd

Date

Event

Price

RIS #1388340

Oct 29, 2025

Sold

$485,000

$388/sq ft

Sep 23, 2025

Pending

—

Sep 12, 2025

Price Changed

$489,000

$391/sq ft

Jun 23, 2025

Listed

$499,000

$399/sq ft

RIS #1384934

Jun 23, 2025

Listing Removed

—

May 16, 2025

Listed

$510,000

$408/sq ft

RIS #1035194

Apr 30, 2013

Sold

$177,500

$142/sq ft

Mar 25, 2013

Listing Removed

—

Mar 7, 2013

Listed

$199,000

$159/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$4,107 (+5.8%)

$282,600 + $176,800

$459,400

2024

$3,882

$217,300 + $134,000

$351,300

2023

$3,882 (+0.9%)

$217,300 + $134,000

$351,300

2022

$3,847 (+15.5%)

$217,300 + $134,000

$351,300

2021

$3,331

$132,800 + $97,700

$230,500

2020

$3,331

$132,800 + $97,700

$230,500

2019

$3,331 (+2.8%)

$132,800 + $97,700

$230,500

2018

$3,241 (+2.4%)

$122,600 + $84,100

$206,700

2017

$3,165 (+1.5%)

$122,600 + $84,100

$206,700

2016

$3,119 (+6.5%)

$122,600 + $84,100

$206,700

2015

$2,930 (+0.2%)

$111,500 + $77,300

$188,800

2014

$2,923

$111,500 + $77,300

$188,800

2013

$2,921 (−1.4%)

$111,500 + $77,300

$188,800

2012

$2,962

$114,700 + $89,600

$204,300

Tax history for 116 Balsam Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,107 (+5.8%)

$282,600 + $176,800

$459,400

2024

$3,882

$217,300 + $134,000

$351,300

2023

$3,882 (+0.9%)

$217,300 + $134,000

$351,300

2022

$3,847 (+15.5%)

$217,300 + $134,000

$351,300

2021

$3,331

$132,800 + $97,700

$230,500

2020

$3,331

$132,800 + $97,700

$230,500

2019

$3,331 (+2.8%)

$132,800 + $97,700

$230,500

2018

$3,241 (+2.4%)

$122,600 + $84,100

$206,700

2017

$3,165 (+1.5%)

$122,600 + $84,100

$206,700

2016

$3,119 (+6.5%)

$122,600 + $84,100

$206,700

2015

$2,930 (+0.2%)

$111,500 + $77,300

$188,800

2014

$2,923

$111,500 + $77,300

$188,800

2013

$2,921 (−1.4%)

$111,500 + $77,300

$188,800

2012

$2,962

$114,700 + $89,600

$204,300

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

4,792 Sq. Ft.

Year renovated

—

Sq. Ft.

850

Year built

1956

Style

Single Family Residential

County

Washington County

APN

234112

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 22, 2026.

R30

CCO

Medium Density Residential District

This district allows a residential density of up to 1.45 du per acre. Single-household detached units will be the predominant type of housing, although duplexes will be allowed by special use permit. Residential cluster developments should be considered for major subdivision proposals in this district. The lot sizes for single-household detached dwellings is 30,000 sq ft. Water service generally is available to this district, or could easily be provided. While public sewers presently serve some of this district, public sewers should not be considered for the outlying villages as designated on the Land Use Plan, except for Middlebridge and the industrially zoned area of West Kingston.

Zone overlays

Carrying Capacity Overlay District

Permitted uses

Include but are not limited to:

Livestock production
Community / recreation center
Housing-Group
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service
Golf related
Agriculture-Cropland
Park & open space

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): 5
Has Basement
Basement Information: Exterior Entry, Full, Interior Entry, Unfinished

Fireplace Information
Has Fireplace
# of Fireplaces: 2
Features: Insert, Wood Burning

Equipment
Appliances: Dryer, Electric Water Heater, Oven, Range, Refrigerator

Interior Features
Window Features: Thermal Windows
Door Features: Storm Door(s)
Flooring: Ceramic Tile, Laminate
Other Features: Tub Shower, Cable TV, Wood Burning Stove

Exterior

Building Information
Stories: 1
Stories (Total): 1
Construction Details: Drywall, Vinyl Siding

Exterior Features
Exterior Features: Deck
Patio And Porch Features: Deck, Porch, Screened
Other Structures: Outbuilding

Lot Information
Lot Size Area: 4,792
Lot Size Acres: 0.11
Waterfront Features: Beach Access, Dock Access, Water Access, Walk to Water
Frontage Length: 50
Zoning: R30

Property Information
Below Grade Finished Area: 400
Above Grade Finished Area: 850
Foundation Details: Concrete Perimeter

Financial

Assessments and Fees
Assessed Value: $351,300

Tax Information
Annual Tax Amount: $3,882
Tax Year: 2024

Utilities

Utility Information
Sewer: Septic Tank
Water Source: Public

Heating & Cooling
Has Heating
Heating: Baseboard, Electric, Wood

Location

HOA Information
Association Fee: $55
Annually

Community Information
Community Features: Golf, Highway Access, Marina, Near Hospital, Recreation Area

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 850
Stories: 1.0
Lot Size: 4,792 square feet
Style: Single Family Residential
Year Built: 1956
Year Renovated: —
County: Washington County
APN: 234112

Home facts updated by county records on Jun 22, 2026

Around this home

Schools
Places
Transit

Matunuck School

Public K-5 • Assigned • 3.5mi

8/10

Broad Rock Middle School

Public 6-8 • Assigned • 8.2mi

9/10

South Kingstown High School

Public 9-12 • Assigned • 7.4mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 89° expected this year, 17 days in 30 years

8/10 Wind Factor

80% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Wakefield, RI • 02879

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 4.6 hours in December, which is comparable to the U.S. average for solar exposure.

9.1 hrs

4.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$561,000 – $679,000

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New listings for sale in 02879

OPEN SAT, 11AM TO 12:30PM

$999,900

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156 Driver Ln, Wakefield, RI 02879

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2 beds2 baths1,248 sq ft

158 Holiday Ct, Wakefield, RI 02879

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$5,500,000

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66 B Torrey Rd, Wakefield, RI 02879

$989,000

2 beds1 bath1,116 sq ft

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3 beds2 baths1,747 sq ft

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OPEN FRI, 4PM TO 6PM

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4 beds2.5 baths2,066 sq ft

172 Broad Rock Rd, Wakefield, RI 02879

OPEN SAT, 12PM TO 2PM

$1,320,000

4 beds2.5 baths3,204 sq ft

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$585,000

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Home values near 116 Balsam Rd

Data from public records.

Address	Redfin Estimate
108 Balsam Road, Wakefield, RI 2 Beds \| 1 Baths \| 900 Sq. Ft.	$572,697
126 Balsam Road, Wakefield, RI 2 Beds \| 1 Baths \| 672 Sq. Ft.	$494,921

Address	Redfin Estimate
98 Balsam Road, Wakefield, RI 3 Beds \| 1 Baths \| 720 Sq. Ft.	$454,377
122 Balsam Road, Wakefield, RI 2 Beds \| 1 Baths \| 720 Sq. Ft.	$561,026

Address	Redfin Estimate
121 Balsam Road, South Kingstown, RI 3 Beds \| 1 Baths \| 1152 Sq. Ft.	$604,027
97 Balsam Road, Wakefield, RI 2 Beds \| 1 Baths \| 1280 Sq. Ft.	$651,506

Property information provided by RIS when last listed in 2025. This data may not match . Learn more.

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