470 Shippee Road East Greenwich

$324,000
2 1 865 sq ft

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The Property

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. Do not walk the property without an agent present; access is by appointment only.

See MLS#1411843 for vacant land listing

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Listing Details

MLS Number

1411833

Lot Size:

1.48 acres

Features

  • Golf
  • Highway Access
  • Hospital
  • Interstate
  • Marina
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Tennis
  • Heating: Wood, None
  • Heating Fuel: Wood, None
  • Barn
  • Horse Permitted
  • Type: Cottage
  • Year Built: 1945

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Listed by Ri Real Estate Services

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