56 Somerset St, East Greenwich, RI, 02818
About This Home
Located in East Greenwich's sought-after Hill & Harbour neighborhood, this renovated 1928 home is steps from Main Street's restaurants, cafés, boutiques, and shops, and a short walk to the waterfront and marina. Offering more than 3,100 square feet, the home features an open floor plan, forced-hot-air heat, central air conditioning, and a legal accessory dwelling unit (ADU) operating as a licensed short-term rental. Thoughtfully updated, it blends historic New England charm with modern comfort. The main level centers around a chef's kitchen with quartzite countertops, custom cabinetry, a Wolf range, oversized island, and walk-in butler's pantry. It opens to the living and dining rooms, home office, mudroom, and half bath. The primary suite features a marble en-suite bath, walk-in closet, private three-season porch, and adjoining flex room. Three additional bedrooms, another full bath, and attic provide plenty of space. The private guest residence / ADU includes a separate entrance, kitchen, full bath, three-season porch, and open studio layout. Licensed as a short-term rental, it has generated up to $4,000 per month. Enjoy the welcoming front porch, private stone patio, and mature perennial gardens. A rare opportunity to own a home that blends timeless New England character, modern comfort, walkable village living, and income potential in the heart of Hill & Harbour. *Sale Subject to Seller Finding Suitable Housing*
Getting Around
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1928
Materials
- Foundation: Stone
- Construction materials: Dry Wall,Plaster,Shingles
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Gas Water Heater,Dishwasher,Dryer,Disposal,Range Hood,Microwave,Oven/Range,Refrigerator,Washer
Basement
- Has basement: Yes
- Basement: Full,Interior and Exterior,Unfinished,Laundry,Storage Space
Bathroom
- Level: First
Bathroom
- Level: Second
Bathroom
- Level: First
Bedroom2
- Level: Second
Bedroom3
- Level: Second
Bedroom4
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Dining Room
- Level: First
Family Room
- Level: First
Features
- Wall (Dry Wall),Wall (Plaster),Stairs,Plumbing (Mixed),Insulation (Ceiling),Insulation (Floors),Insulation (Walls)
- Flooring: Ceramic Tile,Hardwood,Marble
- Number of fireplaces: 1
- Fireplace features: Brick
- Fireplace: Yes
- Attic: Attic Stairs, Attic Storage
- Finished area below ground: 0
- Finished area above ground: 3,100
Heating & Cooling
- Heating features: Natural Gas,Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 3,100
- Total interior livable area: 3,100 sqft
Kitchen
- Level: First
Kitchen
- Level: First
Living Room
- Level: First
Master Bedroom
- Level: Second
Office
- Level: First
Other
- Level: First
Property
Details
- Parcel number: EGREM085B002L204U0000
Features
- Waterfront features: Walk to Salt Water
Lot
- Lot size: 9,104 sqft
- Features: Local Historic District
Parking
- Total spaces: 8
- Parking features: Detached,Driveway
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
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
- 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 | $9,860 | $118,320 |
| Home Insurance * | $714 | $8,568 |
| Property Taxes | $2,519 | $30,228 |
| Electricity | $631 | $7,576 |
| Total | $13,724 | $164,688 |
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 |
|---|---|---|
| 2026-08-03 | Listed for sale | $1,950,000 |
| 2014-06-11 | Sold | $395,000 |
| 2014-02-28 | Listed for sale | $449,900 |
View on Zillow