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42 Thornton Way
Score
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North Kingstown, RI

42 Thornton Way

17.0M
4 bd • 6 ba • 8,264 sf

This analysis was generated on 2/20/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$17,000,000

Price/Sq.Ft

$2,057

Year Built

2007

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Exceptional Privacy and Tranquility: Surrounded by hundreds of acres of conservation land and accessed via a gated entrance, this property offers unparalleled privacy and tranquility. The 7-acre lot provides ample space and seclusion. • High-End Finishes and Design: The main house has been completely reimagined by Blakely Interior Design and features high-end finishes throughout, including a one-of-a-kind glass wine room, custom walnut cabinetry, and floor-to-ceiling windows. The property is sold fully furnished with pieces from Holly Hunt, Baker, and other renowned brands. • Resort-Style Amenities: The property boasts a wide range of resort-style amenities, including an in-ground saltwater swimming pool, cabana with dual kitchens, a helipad, a turf playground area, an in-ground trampoline, a stone pizza oven, an outdoor sauna, and a koi pond. These features cater to a luxurious and entertaining lifestyle. • Proximity to Top-Rated Schools: The property is located within a reasonable distance of Fishing Cove Elementary (8/10), Wickford Middle School (8/10), and North Kingstown Sr. High School (7/10), making it attractive to families with school-aged children. • Low Flood Risk: The property has a minimal flood risk (1/10) and is located in FEMA Zone A, suggesting a relatively low likelihood of flooding.

The Bad

• High Price per Square Foot: At $2,057.12 per square foot, this property is significantly more expensive than the average home in North Kingstown. While the high-end finishes and unique features justify some of the premium, it may limit the pool of potential buyers. Comparable properties in the area typically sell for between $400 and $600 per square foot. • Limited Public Transportation: North Kingstown has limited public transportation options, which may be a drawback for buyers who prefer not to rely on a car. The property's location within a gated compound further reduces accessibility to public transportation. • High Estimated Insurance Costs: The estimated annual insurance cost of $61,200 is exceptionally high, reflecting the property's value, size, and potential risks. This cost will add significantly to the overall cost of ownership. • Dependence on Private Well and Septic System: While the listing mentions water connected, the property may rely on a private well and septic system. These systems require regular maintenance and may be subject to stricter regulations than public utilities. The property description does not specify well and septic, however, many rural properties in North Kingstown use them. • Long Days on Market: The property has been on the market for 174 days, which is longer than the average for luxury homes in North Kingstown. This may indicate that the price is too high or that there are other factors deterring potential buyers.

The Ugly

• Severe Wind Risk: The property has a severe wind risk (8/10), which may result in higher insurance premiums and potential damage from coastal storms. North Kingstown's coastal location makes it vulnerable to strong winds and hurricanes. • High Property Taxes: Rhode Island has relatively high property taxes, which would add significantly to the overall cost of ownership for this estate. The exact property tax amount is not provided in the listing, but it is likely to be substantial given the property's value. • Potential Maintenance Costs: The 2007 construction suggests systems and appliances may need replacement soon. The in-ground saltwater swimming pool and cabana equipped with 2 kitchens, bathroom and laundry, helipad, turf playground area, in-ground trampoline, chic chicken coop, stone pizza oven, outdoor sauna and 20+ koi fish pond all require ongoing maintenance and upkeep, which can be costly and time-consuming. Deferred maintenance could negatively impact the property's value and appeal. • Dependence on Septic System: Many rural properties in North Kingstown depend on septic systems. These systems require regular maintenance and may be subject to stricter regulations than public sewer systems. The property description does not specify well and septic, however, many rural properties in North Kingstown use them. • Limited Rental Potential: While the property could potentially be rented out for short-term events or as a luxury vacation rental, the high price point and unique features may limit its appeal to a broader rental market.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• High-Net-Worth Individuals Seeking a Private Estate: The property's gated entrance, 7-acre lot, and proximity to conservation land provide a high degree of privacy and tranquility. The extensive amenities and resort-style features are ideal for those seeking a luxurious and secluded retreat. • Car Collectors and Hobbyists: The four-bay garage and separate industrial garage offer ample space for storing and maintaining a collection of vehicles or pursuing other hobbies requiring significant space. • Frequent Entertainers: The property is exceptionally well-suited for hosting large gatherings, with its in-ground saltwater pool, cabana with dual kitchens, stone pizza oven, and expansive outdoor spaces. The swanky home theater also provides an indoor entertainment option. • Buyers Valuing High-End Design and Furnishings: The home is sold fully furnished with pieces from renowned brands like Holly Hunt and Baker, appealing to those who appreciate high-quality design and are willing to pay a premium for it. • Families Seeking Top-Rated Schools: The property is located within a reasonable distance of Fishing Cove Elementary (8/10), Wickford Middle School (8/10), and North Kingstown Sr. High School (7/10), making it attractive to families prioritizing access to good public schools.

Not For

• Buyers on a Strict Budget: With a price tag of $17 million and estimated annual insurance costs of $61,200, this property is only accessible to a very small segment of the population. The high price per square foot ($2,057.12) also indicates a premium for luxury and exclusivity. • Individuals Seeking a Low-Maintenance Property: The 7-acre estate requires significant upkeep, including landscaping, pool maintenance, and care for the koi pond and chicken coop. The presence of specimen trees and mature plantings also necessitates professional horticultural services. • Buyers Prioritizing Walkability and Urban Amenities: While the property offers privacy and tranquility, it is not located in a walkable area with easy access to shops, restaurants, and other urban amenities. The proximity to conservation land also suggests a more rural setting. • Those Unwilling to Pay for High-End Furnishings: As the property is sold fully furnished with pieces from brands like Holly Hunt and Baker, buyers who prefer to furnish the home themselves or have existing furniture may find this aspect less appealing. • Buyers Concerned About High Property Taxes: Rhode Island has relatively high property taxes, which would add significantly to the overall cost of ownership for this estate.
Demographics
Area Median Income

$96,100

Property History

Price History
Ownership Timeline
$0Cash Purchase
Jan 16, 2025
Mark Depasquale, June DepasqualeMark P Depasquale T, Mark P Depasquale
Correction Deed
Non-Arm's Length Transactions
$0Financed
Oct 17, 2022
Mark P DepasqualeMark P Depasquale T, Mark P Depasquale
Warranty Deed
Non-Arm's Length Transactions
$0Cash Purchase
Sep 30, 2022
June Depasquale, Mark DepasqualeMark P Depasquale
Warranty Deed
Non-Arm's Length Transactions
$0Cash Purchase
Jan 1, 1970
North Kingstown GreenMark Depassquale, June Depasquale
Quit Claim Deed
Non-Arm's Length Transactions
$0Cash Purchase
Jan 1, 1970
Rossi Ft, Debra A RossiMark Depasqauale, June Depasquale
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jan 1, 1970
Steven L Rossi, Debra A RossiMark Depasquale, June Depasquale
Deed
Standard Sale (Purchase/Resales)

Property Taxes

$23,845
2024 Tax Assessment
0.0%from previous year
Assessed Value$1,662,800
Tax Rate1.43%

Sunlight Analysis

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Sunlight Analysis

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Schools

Nearby school quality by education level

Elementary

8.0/10
Excellent

Middle

8.0/10
Excellent

High

7.0/10
Good

Financials

Monthly Costs
Market Rent (4 bed)

$1,160

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