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18 Chestnut Ave, Narragansett, RI, 02882

2beds
2baths
875sqft
$925,000
$1,057price/sqft
$6,001/moest. monthly cost
$240,040/yrincome needed

About This Home

Welcome to this totally renovated turn key beach house within a 5 minute walk to Roger Wheeler State Beach and 15 to Galilee. Enjoy the cute coastal community of Sand Hill Cove on your back deck, or enclosed front porch. Tasteful renovations include custom cabinets, insulated garage with storage system, extra full bathroom and outdoor shower. Single level living makes this home very accessible. This home could be used as a college rental, summer rental, or yearly residence. There is a 8 weeks summer rental lease in place starting June 15th to middle of August. Occupancy would need to start after that. All furniture is included in sale.

Getting Around

17
WalkingCar-Dependent
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

7/10
Narragansett Pier SchoolGrades 5-83.8 mi
10/10
Narragansett High SchoolGrades 9-124.0 mi
9/10

Construction

Condition

  • Year built: 1970

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Dry Wall,Clapboard

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater,Dishwasher,Dryer,Disposal,Microwave,Oven/Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Interior Entry,Unfinished

Bathroom

  • Features: Bath w Shower Stall

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Wall (Dry Wall),Skylight,Plumbing (Mixed),Insulation (Ceiling),Insulation (Floors),Insulation (Walls),Ceiling Fan(s)
  • Window features: Skylight(s)
  • Flooring: Laminate
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 875

Heating & Cooling

  • Heating features: Natural Gas,Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 875
  • Total interior livable area: 875 sqft

Property

Details

  • Parcel number: NARRMRB184
  • Zoning: 02882
  • Other equipment: Cable TV

Features

  • Waterfront features: Walk to Salt Water,Walk To Water

Lot

  • Lot size: 5,201 sqft

Parking

  • Total spaces: 5
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Lightning
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Fire
Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,677$56,124
Home Insurance *$424$5,088
Property Taxes $511$6,132
Electricity $389$4,675
Total$6,001$72,012
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$205,748/yr
40% on housing$180,030/yr
45% on housing$160,026/yr

Rhode Island FAIR Plan Programs

Rhode Island Joint Reinsurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 16,029Commercial: 109
Total Premiums$36.73M
Total Exposure$6.14B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.1%
-0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,057This listing

vs Other Active Listings

Avg $/sqft

ZIP 02882$690
Washington County$616

vs Homes Sold Last Month

Median $/sqft

ZIP 02882$570
Washington County$360

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-04Listed for sale$949,000
2021-07-30Sold$541,000
2021-05-31Pending sale$529,900
2021-05-29Listed for sale$529,900
2021-02-26Listing removed--
2020-04-14Listing removed$1,000
2020-03-23Listed for rent$1,000
2019-03-05Listing removed$1,000
2019-01-20Listed for rent$1,000
2000-08-31Sold$175,000

For Sale by Agent

AgentJim Durkin
BrokerageDurkin Cottage Realty

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