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REAL ESTATE
Rhode Island tackles housing shortage by making it easier to add rental units on to homes
BOSTON (AP) — A new state law designed to streamline the process of developing accessory dwelling units — also known as “granny flats” or “in-law apartments” — is being hailed by advocates as a way to create affordable living spaces amid an ongoing housing crunch.
Luxe custom-built Freetown home with inground pool sells for over $800K: Weekly home sales
This week’s top-selling house in Freetown is a custom-built home that sold for $830,000. At 5 Garden Path, you will get a take of relaxation and luxury with 2,480 square feet of incredibly designed space. Built in 1997, the home features sun-drenched rooms with skylights, high ceilings, and beautiful woodwork. ...
Flawless colonial in Raynham on over an acre of land sold for over $1M: Weekly home sales
This week’s top-selling property in Raynham is an impeccable colonial that sold for $1,240,000. Flawlessly designed from ceiling to flooring 52 Brook Street is a stunning home. With over 6,000 square feet of living space, the home features gleaming hardwood floors, numerous French doors, large bright windows, and decorative...
College Hill Colonial Revival Now on the Market — $1,695,000
GoLocalProv and Residential Properties Content Partnership. Residential Properties is offering a historic colonial revival on one of College Hill’s most splendid streets. The home, located at 82 Keene Street, is now being offered at $1,695,000. Property Description. Arthur L. Kimball House, ca. 1895: This stunning Colonial Revival has fine...
Real Estate: June 17 to June 21
425 Gibbs Ave. was sold by Geoffrey LaPlant & Alexandria Maraccio, Trustees of the LaPlant Family Irrevocable Trust to Edward & Meredith Adams for $3,290,000. 7 Loyola Terr. was sold by Dean & Kimberly Mathews to Daivd & Kerry Dick for $895,000. Middletown. 5 Kent Rd. was sold by Richard,...
RI’s Affordable Housing Strategy Needs More Innovation, Including Modular Homes - McMahon
Rhode Island is in the midst of a brutal housing crisis—the worst since post-World War II. The median asking price of a single-family home in May was $525,000. About 150,000 households in RI—about one-third of all households in the state—are cost-burdened (spending more than 30% of their income on housing). The median rent in Providence in 2023 was $2002/month. The rate of production of new housing units in RI is one of the lowest in the nation. Permits for housing units in RI in 2023 were about one-fifth of what they were in 1986.
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