54 Schaeffer Street South Kingstown

$369,000
7,405 sq ft

The Property

A GREAT NEW OPPORTUNITY IN PEACEDALE-WAKEFIELD! Offered AS-IS, WHERE-IS, unfinished. The asking price excludes completion of construction, improvements, or conversion. All remaining work, permits, approvals, and costs are the buyer’s responsibility.

Bring your vision to this property near downtown shops, restaurants, and schools—approximately 10 minutes from the beach! The 24′ × 20′ garage is estimated at 90% complete.

The main residence has progressed to the stone and concrete foundation and initial framing.

Prior plans contemplated a two-story residence of approximately 1,800–2,000 square feet, 3–4 bedrooms, and 2–3 bathrooms, subject to verification and required approvals. Remaining construction materials on-site are included.

The garage may offer potential for conversion into an accessory dwelling unit (ADU); no ADU approval is represented. Conversion, occupancy, or rental use is subject to feasibility, permits, approvals, state and municipal requirements, zoning, and occupancy and rental restrictions.

Renderings are conceptual only and do not depict current conditions, constitute approved plans, or represent completed improvements included in the price.

Buyer to independently verify condition, dimensions, development potential, permits, zoning, utilities, rental restrictions, and all completion requirements and costs with appropriate authorities. Prior plans or permits do not guarantee current validity or approval of any proposed use.

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Listing Details

MLS Number

1427989

Lot Size:

0.17 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished
  • Commuter Bus
  • Highway Access
  • Hospital
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Garage: 1
  • Type: Cape Cod
  • Year Built: 1860

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Market Trends for Single Family Homes
in South Kingstown

  • Overview
    Homes for Sale Today99-93.3% decrease in inventory
    New on Market *36-23.4% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$466.45$35 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$883,575$41,857 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.18%-1.1% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$523.81$45 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *7510 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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