NOT LISTED FOR SALE

78 King St East Greenwich, RI 02818

Downtown East Greenwich Neighborhood

Estimated Value: $499,000 - $688,949

6 Beds
2.5 Baths
2,160 Sq Ft
$267/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $465,000 $215 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,711/month

39 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Walking Distance to Water
  • James H. Eldredge Elementary School Rated A
  • Recreation Facilities
  • 3-minute walk to Barbara Tufts Memorial Park

About This Home

As of October 2023

Best and Final Offers due by Monday 9/11 at 6:00PM. Location. Set in the desirable Hill & Harbor area of East Greenwich this 2 family home is vacant and ready for immediate occupancy. The first level features a 2 bed, 1 bath one level unit with kitchen, dining area & laundry in unit. The spacious second unit is townhouse style and features private access from the rear parking lot. The first level offers your kitchen, living & dining areas, bedroom & bathroom. The upper level features four more bedrooms and a half bath. Plenty of flex space! Also offering a nice roof, gas heat/hot water, replaced windows, separate electric and gas meters, ample parking, greenspace/garden, shed, basement laundry & more. Prime location just steps to the EG waterfront, marinas, restaurants, Main Street, highways, air, rail & all points. EG Schools. Excellent income potential or live for less!

Last Agent to Sell the Property

Michael Russo

RI Real Estate Services License #REB.0018125 Listed on: 09/07/2023

RI Real Estate Services

Last Buyer's Agent

Matthew St. Ours

RE/MAX Professionals License #RES.0035829

RE/MAX Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,592

Year Built

  • Built in 1878

Lot Details

  • 5,663

Home Design

  • Wood Siding
  • Clapboard

Interior Spaces

  • 2,160 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Storage Room
  • Utility Room
  • Storm Doors

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Outbuilding

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • 220 Volts
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • 5,663 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Legal Lot and Block 186 / 1
  • Assessor Parcel Number 78KINGSTEGRN

Community Details

Overview

  • 2 Units
  • Hill & Harbor Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Recreation Facilities

Building Details

  • Operating Expense $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,592

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Subdivision Name: Hill & Harbor
  • Above Grade Finished Sq Ft: 2160.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1878
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Laminate, Vinyl
  • Interior Amenities: Tub Shower
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Clapboard, Wood Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: See Remarks
  • Other Structures: Outbuilding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, 220 Volts
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Other, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5663.0
  • Parcel #: 78KINGSTEGRN
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 2000.0

Tax Info

  • Tax Annual Amount: 6592.0
  • Tax Block: 1
  • Tax Lot: 186
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2023
Closed on
Oct 17, 2023
Sold by
Beecher Yvonne and Ryder Thomas
Bought by
Disegna Ross P and Saint Ours Matthew
Seller's Agent
Michael Russo
RI Real Estate Services
Buyer's Agent
Matthew St. Ours
RE/MAX Professionals
List Price
$475,000
Sold Price
$465,000
Premium/Discount to List
-$10,000
-2.11%
Views
71
Current Estimated Value
$575,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,987
Avg. Annual Appreciation
12.38%
Original Mortgage
$346,984
Outstanding Balance
$341,104
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$235,980

Purchase Details

Closed on
Oct 6, 2004
Sold by
Finnegan Michael J and Finnegan Laurie A
Bought by
Beecher Yvonne and Ryder Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 2000
Sold by
Ferland Diane
Bought by
Finnegan Michael J and Finnegan Laurie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
8.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 1998
Sold by
Loven Richard E
Bought by
Ferland Diane
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Disegna Ross P $465,000 None Available
Beecher Yvonne $305,000 --
Finnegan Michael J $120,000 --
Ferland Diane $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Disegna Ross P $346,984
Previous Owner Ferland Diane $213,500
Previous Owner Ferland Diane $138,000
Previous Owner Ferland Diane $96,000
Previous Owner Ferland Diane $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2023 10/17/23 Sold $465,000 -2.1% $215 / Sq Ft
09/07/2023 09/07/23 For Sale $475,000 -- $220 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,866 $466,100 $230,300 $235,800
2023 $6,592 $301,700 $184,200 $117,500
2022 $6,462 $301,700 $184,200 $117,500
2021 $6,339 $301,700 $184,200 $117,500
2020 $5,375 $229,400 $160,200 $69,200
2019 $5,324 $229,400 $160,200 $69,200
2018 $5,276 $229,400 $160,200 $69,200
2017 $4,720 $199,500 $122,700 $76,800
2016 $4,806 $199,500 $122,700 $76,800
2015 $4,640 $199,500 $122,700 $76,800
2014 $4,873 $209,500 $132,200 $77,300
Source: Public Records

Agents Affiliated with this Home

  • Michael Russo

    Seller's Agent in 2023

    Michael Russo

    RI Real Estate Services

    (401) 465-0417

    9 in this area

    301 Total Sales

    Michael Russo
    Section Image
  • Matthew St. Ours

    Buyer's Agent in 2023

    Matthew St. Ours

    RE/MAX Professionals

    (401) 230-0180

    16 in this area

    118 Total Sales

    Matthew St. Ours
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1343305

State-Wide MLS

APN: EGRE-000085-000001-000186

Rhode Island Kent County East Greenwich 02818 Downtown East Greenwich

78 King St, East Greenwich, RI

This home is located at 78 King St, East Greenwich, RI 02818 since 07 September 2023 and is currently estimated at $575,987, approximately $266 per square foot. This property was built in 1878. 78 King St is a home located in Kent County with nearby schools including James H. Eldredge Elementary School, East Greenwich High School, and Our Lady of Mercy School.

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