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Pending
    • $123,000

    48 Lane #2, Warwick, RI 02888

    1beds
    621sqft
    : 
    $1,311/mo
    Get pre-qualified
    Single Family Residence
    Built in 1935
    -- sqft lot
    $120,000 Zestimate®
    $198/sqft
    $452/mo HOA

    What's special

    Great lot
    Investors and Contractors- looking for your next project? This property needs a complete renovation and offers an incredible opportunity, located in the charming Gaspee Point Community, steps from private beach access. The location of this property is fantastic. It's at the end of the street and has a great lot. It is minutes away from Pawtuxet Village with its amazing shops and restaurants. A true diamond in the rough. This property is being sold as-is/as seen and will not qualify for financing.
    70 days
    |
    36
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kara Guerette 401-787-0970,

    REMAX Revolution

    Source: StateWide MLS RI,MLS#: 1413017MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Electric, None
      Cooling
      • None
      Features
      • Insulation (None)
      • Flooring: Other
      • Basement: Crawl Space,Bulkhead,Unfinished
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 621
      • Total interior livable area: 621 sqft
      • Finished area above ground: 621
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: No Garage
      Features
      • Waterfront features: Access, Beach, Walk to Salt Water, Walk To Water
      Lot
      • Features: Wooded
      Details
      • Parcel number: WARWM305B0058L9648
      • On leased land: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cottage
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Stone
      Condition
      • New construction: No
      • Year built: 1935

      Utilities & green energy

      • Electric: None
      • Sewer: In Fee
      • Water: Public
      • Utilities for property: Sewer Connected

      Community & HOA

      Community
      • Subdivision: Gaspee Point
      HOA
      • Has HOA: No
      • HOA fee: $452 monthly
      Location
      • Region: Warwick

      Financial & listing details

      • Price per square foot: $198/sqft
      • Tax assessed value: $87,900
      • Annual tax amount: $2,296
      • Date on market: 5/19/2026
      • Inclusions: The land lease is $361.00, and the sewer assessment is $91.00 for a total of $452.00. The owner has never lived in the property. The property has been gutted.

        Estimated market value

        $120,000

        $114,000 - $126,000

        $1,900/mo

        Price history

        DateEventPrice
        6/26/2026Pending sale$123,000$198/sqft
        Source: StateWide MLS RI #1413017 Report a problem
        5/19/2026Listed for sale$123,000-5.4%$198/sqft
        Source: StateWide MLS RI #1413017 Report a problem
        5/12/2026Listing removed$130,000$209/sqft
        Source: StateWide MLS RI #1409098 Report a problem
        4/3/2026Listed for sale$130,000$209/sqft
        Source: StateWide MLS RI #1409098 Report a problem
        4/2/2026Listing removed$130,000$209/sqft
        Source: StateWide MLS RI #1406522 Report a problem
        3/13/2026Price change$130,000-7.1%$209/sqft
        Source: StateWide MLS RI #1406522 Report a problem
        1/15/2026Price change$140,000-3.4%$225/sqft
        Source: StateWide MLS RI #1400253 Report a problem
        11/15/2025Listed for sale$145,000+190%$233/sqft
        Source: StateWide MLS RI #1400253 Report a problem
        12/29/2021Sold$50,000$81/sqft
        Source: StateWide MLS RI #1287453 Report a problem
        7/28/2021Pending sale$50,000$81/sqft
        Source: StateWide MLS RI #1287453 Report a problem
        7/7/2021Contingent$50,000$81/sqft
        Source: StateWide MLS RI #1287453 Report a problem
        7/6/2021Listed for sale$50,000$81/sqft
        Source: StateWide MLS RI #1287453 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,272 $87,900
        2024$1,272 +2%$87,900
        2023$1,247 +46.7%$87,900 +93.6%
        2022$850 $45,400
        2021$850 $45,400
        2020$850 $45,400
        2019$850 -8%$45,400 +2.3%
        2018$924 +2.8%$44,400
        2017$899 $44,400
        2016$899 +17.4%$44,400 +20.3%
        2015$766 +3.5%$36,900
        2014$740 +1.4%$36,900
        2013$730 -14.2%$36,900 -23.3%
        2011$851 +1.2%$48,100
        2010$841 -30.8%$48,100 -44.1%
        2009$1,216 +5.5%$86,000
        2008$1,153 $86,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 02888

        Getting around

        1 / 100
        Car-Dependent
        17 / 100
        Minimal Transit
        19 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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