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$324,000 Just Listed
Property Description
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. Property is currently under contract and in the due diligence period, and the seller is actively soliciting strong backup offers. Do not walk the property without an agent present; access is by appointment only. See MLS#1411843 for vacant land listing
Full Property Details
Full Property Details for 470 Shippee Rd
General
- Price: $324,000
- Taxes: $4,366 (2025)
- Status: Active
- Type: Single Family
- Source: STWMLS
- MLS ID: 1411833
- Updated: Today (5/29/2026)
- Added to Site: Today
Interior
- Number of Rooms: 4
- Fireplace(s): None
- Appliances: Electric Water Heater
- Flooring: Carpet, Ceramic Tile, Laminate
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Additional Information
- Tennis: Yes
Parking
- Total Spaces: 4
- Parking Features: No Garage
Location
- County: Kent
- Subdivision: Shippee
- Near Highway: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: None, Wood
Utilities
- Sewer: Cesspool
- Water: Well
- Well: Yes
Structural Information
- Architectural Style: Cabin
- Detached/Attached: Detached
- Construction: Wood Siding
- Basement Desc.: None
- Stories/Levels: 1
- Building Size: 865
- Square Feet: 865
- Living Area: 865 Sq. Ft.
- Finished Total: 865 Sq. Ft.
- Finished Above Grnd: 865 Sq. Ft.
- Year Built: 1945
Additional Structures
- Other Structures: Barn(s)
Lot Features
- Lot Size (Acres): 1.48
- Lot Size (Sq. Ft.): 64,469
- Lot Size: 64469
Horse Property
- Horse Property: Yes
- Horse Facility Desc.: Horses Allowed
Financial Considerations
- Tax Amount: $4,366
- Tax Year: 2025
Disclosures and Reports
- Property ID: 470SHIPPEERDEGRN
- Lot Number: 019-017
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Schools
Schools serving 470 Shippee Rd
School District:East Greenwich School District
| Name | Grades | Distance |
|---|---|---|
Frenchtown School 1100 Frenchtown Road, East Greenwich, RI 02818 | K-2 | 2 mi |
James H. Eldredge School 101 1st Avenue, East Greenwich, RI 02818 | 3-5 | 5.3 mi |
Archie R. Cole Middle School 100 Cedar Avenue, East Greenwich, RI 02818 | 6-8 | 4.8 mi |
East Greenwich High School 300 Avenger Drive, East Greenwich, RI 02818 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 470 Shippee Rd
Date
Details
Price
Change
Source
5/29/2026
Listed
$324,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 470 Shippee Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,366
6%
$280,400
—
2024
$4,130
-3%
$280,400
45%
2023
$4,237
2%
$193,900
—
2022
$4,153
2%
$193,900
—
2021
$4,074
-11%
$193,900
-1%
2020
$4,595
1%
$196,100
—
2019
$4,551
1%
$196,100
—
2018
$4,510
-15%
$196,100
-13%
2017
$5,316
-2%
$224,700
—
2016
$5,413
2%
$224,700
—
2015
$5,321
1%
$224,700
—
2014
$5,252
15%
$225,800
—
2013
$4,548
—
$225,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 470 Shippee Rd
470 Shippee Road, East Greenwich, RI 02818 (MLS# 1411833) is a Single Family property with 2 bedrooms and 1 full bathroom. 470 Shippee Road is currently listed for $324,000 and was received on May 29, 2026. Want to learn more about 470 Shippee Road? Do you have questions about finding other Single Family real estate for sale in East Greenwich? You can browse all East Greenwich real estate or contact a Coldwell Banker agent to request more information.
