House Lust: $250,000-$300,000 Range Homes on the Market in Rhode Island
From a fisherman's cottage in Point Judith to a 3,700-square-foot condo with a private tower, here's what's new and affordable in Rhode Island.
Home prices continue to go up, up, up in the Ocean State — last month’s RI Association of Realtors report cited a $287,225 median sales price, a 5.7 percent increase over last year — but have no fear: Affordable homes are still here. December’s inventory is low, which is to be expected, but some of my favorite affordable places of the year also hit the market this month. Folks complain about the state’s absurd cost of living, but only in Rhode Island can you buy a fisherman’s cottage by the sea for less than $300,000 and a city perch with a $63 per-square-foot price point.
Here are five new-to-market properties that won’t break the bank in Rhode Island:
Point Judith Fisherman’s Cottage
836 Point Judith Rd., Narragansett
Three beds, two baths, 850 square feet
“A tear down for some or a gem in the rough for others,” says the listing. Knowing nothing about the state of the roof, foundation or mechanicals — as-is, what fun! — this place sure does seem like a treasure for the right buyer. No water view to speak of, but it’s smack-dab in the middle of Point Judith Neck, with Scarborough on one side, Point Judith Pond on the other, and a Dunkin’ across the street. How it manages to squeeze three beds and two baths into 850 square feet is beyond me, but a big side deck offers a nice escape hatch. For more information, call Durkin Cottage Realty’s Jim Durkin at 401-789-6659 or visit durkincottages.com.
Airy Condo off Blackstone Boulevard
242 President Ave. apartment 9, Providence
Two beds, one bath, 1,166 square feet
Clean, bright, updated: There’s not much more you can ask for in a condo. The building, which requires a $280 monthly homeowner’s association fee, sits at the corner of President and Blackstone Boulevard, making for easy bike path access. The condo includes two parking spaces. For more information, call Residential Properties’ Rebecca Rubin at 401-481-1500 or visit residentialproperties.com.
Contemporary Cottage Abutting the Pawtuxet River
This place is about a mile from Bald Hill but feels like a woodsy retreat, with a large backyard that rolls down to the Pawtuxet River (and no flood insurance required). The interior is updated and boasts a wood-burning stove, as well as a finished basement with a bathroom and kitchen that, with a few tweaks, would be a sweet retreat for guests or the in-laws. For more information, call HomeSmart Professionals’ Josh DeBrossard at 401-903-2257 or visit homesmart.com.
Maple Ave. Bungalow Near Restaurants and Shops
Though she be but little, she could definitely be fierce — especially given O and J Studio next door, where you’ll spend all the money you saved on this bargain bungalow. Built in 1922, the house is just around the corner from the best of Barrington, including shopping, restaurants, a playground, the public library and the East Bay Bike Path. For more information, call Residential Properties’ Nancy Weaver at 401-257-6384 or visit residentialproperties.com.
Old Stone Courthouse Loft with a Private Tower
I know: This condo is less than $250,000. But are you really mad about it? It “has more space than you’ll know what to do with,” according to the listing. And it has a tower with 360-degree city views of the city. And exposed timber beams. And an incredible stone fireplace. It just goes to show: Woonsocket is the underdog in Rhode Island real estate. Watch this city and, in the meantime, call Mott and Chace Sotheby’s Sam Glicksman at 401-480-0852 or visit mottandchace.com.