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.
For sale
$145,000
48 Lane #2, Warwick, RI 02888
1beds
621sqft
Est.:
Single Family Residence
Built in 1935
-- sqft lot
$143,200 Zestimate®
$233/sqft
$452/mo HOA
What's special
Great lot
- 26 days |
- 1,865 |
- 33 |
Zillow last checked: 8 hours ago
Listing updated: November 25, 2025 at 09:34pm
Listed by:
Kara Guerette 401-787-0970,
RE/MAX Professionals
Source: StateWide MLS RI,MLS#: 1400253
Tour with a local agent
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
- Additional structures: Guest House
- 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: $233/sqft
- Tax assessed value: $87,900
- Annual tax amount: $2,296
- Date on market: 11/15/2025
- 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
$143,200
$136,000 - $150,000
$1,745/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/15/2025 | Listed for sale | $145,000+190%$233/sqft |
Source:  StateWide MLS RI #1400253 Report a problem | ||
| 12/29/2021 | Sold | $50,000$81/sqft |
Source: StateWide MLS RI #1287453 Report a problem | ||
| 7/28/2021 | Pending sale | $50,000$81/sqft |
Source: StateWide MLS RI #1287453 Report a problem | ||
| 7/7/2021 | Contingent | $50,000$81/sqft |
Source: StateWide MLS RI #1287453 Report a problem | ||
| 7/6/2021 | Listed for sale | $50,000$81/sqft |
Source: StateWide MLS RI #1287453 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,272 | $87,900 |
| 2024 | $1,272 +2% | $87,900 |
| 2023 | $1,247 +46.7% | $87,900 +93.6% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,216/mo
Principal & interest
$562
HOA Fees
$452
Other costs
$202
Climate risks
Neighborhood: 02888
Nearby schools
GreatSchools rating
- 7/10Holliman SchoolGrades: K-5Distance: 1.6 mi
- 4/10Warwick Veterans Jr. High SchoolGrades: 6-8Distance: 2.9 mi
- 7/10Pilgrim High SchoolGrades: 9-12Distance: 1.6 mi
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