$145,000
Price
1
Bed
621 Sq. Ft.
$233 / Sq. Ft.
621
Sq. Ft.
$233
per Sq. Ft.

Description

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.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.
  1. Listed by Kara Guerette • Brokerage DRE #REC.0005668 • RE/MAX Professionals
    P: (401)-787-0970 karasellsri@gmail.com

Property Details for 48 Lane 2

Subdivision Name
Gaspee Point
Architectural Style
Cabin
Waterfront Features
Beach Access, Water Access, Walk To Water
LISTING UPDATED: 11/26/2025 12:31 AM

Property Details for 48 Lane 2

StatusActive
MLS #1400253
Days on Market42
Taxes$2,296 / year
HOA Fees$452 / month
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1935
Lot Size-
CountyKent County

Location

Listing Courtesy of RE/MAX Professionals
Add your commute

Building Information for 48 Lane 2

Stories1Year Built1935Building Size-Lot Size-

Payment Calculator

$1,360 per month

30 year fixed, 6.28% Interest

Principal and Interest

$716

Property Taxes

$191

HOA Dues

$452

The Payment Calculator is for illustrative purposes only.

Property Information for 48 Lane 2

Summary
Location and General Information
  • City: Warwick
  • Postal City: Warwick
  • Postal Code: 02888
  • State Or Province: RI
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 2
Taxes and HOA Information
  • Association Fee: $452.00
  • Association Fee Frequency: Monthly
  • Tax Annual Amount: $2,296.00
  • Tax Assessed Value: 180800
  • Tax Lot: 0058/9648
  • Tax Map Number: 305
  • Tax Year: 2025
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 621.0
  • Below Grade Finished Area: 0.0
  • Building Area Total: 621.0
  • Living Area: 621.00
  • Living Area Source: Public Records
  • Lot Features: Wooded
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Square Feet: 0.0
  • Lot Size Units: Square Feet
  • Parcel Number: 48LANE2WARW
  • Stories: 1
  • Stories Total: 1
  • Property Sub Type Additional: Single Family Residence
Property and Assessments
  • New Construction Y N: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community Y N: No
  • Year Built: 1935
Utilities
  • Electric: None
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Stone
Interior Features
  • Appliances: No Hot Water
  • Basement: Crawl Space, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 1
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Other
  • Heating: Electric, None
  • Heating Y N: No
  • Levels: One
  • Rooms Total: 4
Rental
Rental Information
  • Land Lease Y N: Yes

Property History for 48 Lane 2

DateEvent & SourcePriceAppreciation
Nov 15, 2025

Listed (Active)

Rhode Island Association of REALTORS® #1400253

$145,000
Dec 29, 2021

Sold

Rhode Island Association of REALTORS® #1287453

$50,000
Jul 28, 2021

Contract Signed

Rhode Island Association of REALTORS® #1287453

Jul 6, 2021

Listed (Active)

Rhode Island Association of REALTORS® #1287453

$50,000
DateEvent & SourcePrice
11/15/2025

Listed (Active)

Rhode Island Association of REALTORS® #1400253

$145,000
12/29/2021

Sold

Rhode Island Association of REALTORS® #1287453

$50,000
07/28/2021

Contract Signed

Rhode Island Association of REALTORS® #1287453

07/06/2021

Listed (Active)

Rhode Island Association of REALTORS® #1287453

$50,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 48 Lane 2

Taxable ValueLand-Additions$180,800Total-
Tax Record2025$2,296 ($191 / month)
Home Facts
Beds1Baths1Total Finished SqFt621 SqFtAbove Grade Finished SqFt621 SqFtUnfinished Basement SqFt414 SqFtStories1StyleMiscellaneous ResidentialYear Built1935CountyKENTAPNWARW M:305 B:0058 L:9648

Schools near 48 Lane 2

This home is within Warwick School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Wyman School
PublicK to 5

Warwick Veterans Jr. High School
Public6 to 8

Pilgrim High School
Public9 to 12

Warwick Early Learning Center
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

48 Lane 2 is a single family home for sale in Warwick, RI 02888. This property was listed for sale on November 15, 2025 by RE/MAX Professionals, it's currently listed at $145,000. It has been on the market for a total of 42 days and was last sold on December 29, 2021. This listing's school district is Warwick School District. Nearby schools include Wyman School, Warwick Veterans Jr. High School and Pilgrim High School. 48 Lane 2 is a 1-bed, 1-bath, 621 sqft single family home built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX Professionals

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.