WaterfrontBeach, Water Access, Waterfront, Wetlands
ViewWater
MLS #1335504
Lot Size14.40 Acres
StatusAccepting Backup Offers (Active Under Contract)
About 242 Phillips St
An amazing opportunity! This 14.5 acre, majestic, waterfront, lot is located in the heart of the historic Village of Wickford on Wickford Cove. From the moment you step on the property you are welcomed by the exquisite, natural beauty of Wickford Cove, both the fauna and flora, peaceful water views and a wooded pathway leading you into an enchanting, private forest that is ready for you to make your home. The land is lined with historic farmland stone walls and abuts 10 acres of conservation land. The land has previously been home to an apple orchard, farmland, walking paths, private camp site and a Native American Summer Camp. The wildlife is plentiful with sightings of Osprey, Herons, Egrets, Redtail Hawks, Owls, Turkeys, Red Fox, Eagles, Otter and many varieties of birds and ducks. This spectacular setting allows for an incredible opportunity to live within nature but have all of the conveniences of town. All local shops, restaurants, library, beach, yoga studio, fishmonger and more are just minutes away. Call today to schedule an appointment to tour the property and let your imagination fly!
Property Details
Property Features
Listing Office:
Office Name: Island Realty
Office Phone: (203) 246-6899
Exterior Features
Exterior Information:
Waterfront: Beach, Water Access, Waterfront, Wetlands
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,531
Per Month
Principal & Interest
$6,464
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,949
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
10
/10
Hamilton School
25 Salisbury Ave
Distance between this listing and this school1.66 miles
Public District Grades KG-5
7
/10
Fishing Cove Elementary School
110 Wickford Point Rd
Distance between this listing and this school1.68 miles
Public District Grades PK-5
9
/10
Stony Lane Elementary School
825 Stony Ln
Distance between this listing and this school2.32 miles
Public District Grades KG-5
Nearby Schools
8
/10
Wickford Middle School
250 Tower Hill Rd
Distance between this listing and this school0.07 miles
Public District Grades 6-8
6
/10
Davisville Middle School
200 School St
Distance between this listing and this school3.67 miles
Public District Grades 6-8
6
/10
The Compass School
537 Old North Rd
Distance between this listing and this school5.78 miles
Public Charter Grades KG-8
Nearby Schools
7
/10
North Kingstown Sr. High School
150 Fairway Dr
Distance between this listing and this school0.95 miles
Public District Grades 9-12
9
/10
East Greenwich High School
300 Avenger Dr
Distance between this listing and this school5.14 miles
Public District Grades 9-12
8
/10
South Kingstown High School
215 Columbia St
Distance between this listing and this school8.48 miles
The neighbors living near this home have an average income of $44,534. Residents of North Kingstown, RI typically earn less than $35k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 242 Phillips St
What is the listing price of this property?
The listing price of 242 Phillips St property is $1,295,000.
What type of property is this?
The property 242 Phillips St is land located in North Kingstown, Rhode Island, 02852.
Is this property for sale now?
Accepting Backup Offers: 242 Phillips St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $7,576 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 242 Phillips St in North Kingstown, RI and zip code 02852. This home sits on a 14.40 acre lot. It has been listed on Rocket Homes since May 17, 2023 and is currently priced at $1,295,000.
While more than 7 listings in North Kingstown, RI in March 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 6 were sold below. In March 2024 in North Kingstown, RI there were 21.8% more homes for sale than in February 2024. While the average time on the market in March 2024 was 33 days, the median list price was $545,180.
From Rocket Homes Real Estate and based on county public records data.
Skiing/snowboarding
Skiing/snowboarding
PGA/LPGA
Figure Skating
BJs Wholesale Club
Stein Mart
Kmart
Panera
Cracker Barrel
Bob Evans
Infiniti
Lexus
Buick
Adult Hits
Oldies
News/Talk/Information