31 Lakeside Dr, Hope Valley, RI, 02832
About This Home
WATERFRONT ON LOCUSTVILLE POND. Location Location! Sitting on a quiet, serene cove, this adorable Ranch offers the perfect escape with 2 bedrooms and 1 full bath. Main level(672') features a bright living room, kitchen, dining room, 1 bedroom and a full bath. Glass sliders off the living room open directly onto an oversized deck-perfect for entertaining or relaxing. Finished lower level (approx.600'): This walkout space includes a second bedroom, a dedicated home office, and direct access to the waterfront. Peace of mind comes included with a new roof (2025), a new Septic(2015) and a new well(2015). By combining the property with the neighboring lot, this home now sits on 0.42 acres(nearly half an acre)giving you significantly more prime water frontage(334 sq ft of water frontage). Dock rights! Don't miss this chance to spend your summer swimming, boating and fishing right from your own backyard! Located on a private road. Close to 95, Shopping, and schools. Many outstanding Golf courses nearby and a short ride to RI's beautiful beaches!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1962
Materials
- Foundation: Block
- Construction materials: Clapboard,Shingles
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Water Heater,Dryer,Microwave,Oven/Range,Refrigerator,Washer
Basement
- Has basement: Yes
- Basement: Full,Walk-Out Access,Finished,Bedroom(s),Laundry,Office
Bathroom
- Level: First
Bedroom1
- Level: First
Bedroom2
- Level: Lower
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: First
Features
- Plumbing (Mixed),Insulation (Ceiling),Insulation (Walls)
- Window features: Insulated Windows
- Flooring: Hardwood,Vinyl,Carpet
- Fireplace features: None
- Finished area below ground: 600
- Finished area above ground: 672
Heating & Cooling
- Heating features: Oil,Forced Air
- Cooling features: None
Interior Area
- Total structure area: 672
- Total interior livable area: 1,272 sqft
Kitchen
- Level: First
Living Room
- Level: First
Office
- Level: Lower
Other
- Level: Lower
Property
Accessibility
- Accessibility features: One Level
Details
- Parcel number: HOPKM027B000L00115
- Zoning: R1
- Foundation area: 672
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- On waterfront: Yes
- Waterfront features: Waterfront,Freshwater Front,Walk to Fresh Water,Walk To Water
Lot
- Lot size: 0.42 Acres
- Features: Wooded
Parking
- Total spaces: 2
- Parking features: No Garage
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
- Inland Flooding
- Ice Storm
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,462 | $29,544 |
| Home Insurance * | $157 | $1,884 |
| Property Taxes | $616 | $7,392 |
| Electricity | $389 | $4,675 |
| Total | $3,624 | $43,488 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Price change | $487,000 |
| 2026-07-03 | Listed for sale | $500,000 |
| 2003-07-24 | Sold | $194,900 |
| 1991-05-14 | Sold | $100,000 |
| 1989-01-27 | Sold | $120,000 |
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