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Sold for $80,000
    • $80,000

    48 Lane #2, Warwick, RI 02888

    1beds
    621sqft
    Single Family Residence
    Built in 1935
    -- sqft lot
    $120,100 Zestimate®
    $129/sqft
    $1,896 Estimated rent

    Home value

    $120,100

    $114,000 - $126,000

    $1,896/mo

    Zestimate® history
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    $876/mo

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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kara Guerette 401-787-0970,

    REMAX Revolution

    Bought with:

    Joseph Caprara, RES.0034854

    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

    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
    • Special conditions: Conventional/Market Value

    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: $129/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.

    Price history

    DateEventPrice
    8/4/2026Sold$80,000-35%$129/sqft
    Source: StateWide MLS RI #1413017 Report a problem
    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

    Neighborhood: 02888

    Nearby schools

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    Estimated market value
    $120,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $120,100

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