NOT LISTED FOR SALE

3 Jefferson St Warwick, RI 02888

Palace Garden Neighborhood

Estimated Value: $454,000 - $467,000

3 Beds
2 Baths
1,479 Sq Ft
$311/Sq Ft Est. Value

Last Sold July 02, 2025

Last sale price $465,000 $314 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,817/month

32 Days on Market

Highlights

  • 0.44 Acre Lot
  • Wood Flooring
  • 1 Car Detached Garage
  • Wooded Lot
  • Attic
  • Thermal Windows

About This Home

As of July 2025

Don't miss the chance to own this well-maintained two-family home in the heart of Warwick. The first floor offers two spacious bedrooms, beautiful hardwood floors throughout, and a generous living and dining area perfect for comfortable living or rental income. The second-floor unit was recently renovated, offering modern updates and move-in-ready appeal. Exterior features include low-maintenance vinyl siding and a detached garage, all situated on a nearly half-acre lot ideal for outdoor entertaining, gardening, or future expansion. Whether you're an investor or looking to live in one unit and rent the other, this property offers great value and potential.

Last Agent to Sell the Property

Lucy Heelon

RE/MAX Real Estate Center License #RES.0028935 Listed on: 05/22/2025

RE/MAX Real Estate Center

Last Buyer's Agent

Yvonne Sousa

RISE REC License #REB.0019004

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,898

Year Built

  • Built in 1915

Lot Details

  • 0.44 Acre Lot
  • Wooded Lot

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Brick Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,479 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Storage
  • Laundry Room
  • Utility Room
  • Storm Doors
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Patio
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 510
  • Assessor Parcel Number 3JEFFERSONSTWARW

Community Details

Overview

  • 2 Units
  • Lakewood Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Building Details

  • Operating Expense $10,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,898

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.44
  • Subdivision Name: Lakewood
  • Above Grade Finished Sq Ft: 1479.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1915
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Attic, Storage, Tub Shower, Cable TV
  • Dining Room Type: Laundry, Utility Room
  • Stories: 2
  • Window Features: Thermal Windows

Exterior Features

  • Lot Features: Multiple lots, Wooded
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Porch, Patio, Paved Driveway
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Public Transportation, Restaurant, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 19166.0
  • Parcel #: 3JEFFERSONSTWARW

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Annual Amount: 5898.0
  • Tax Lot: 510
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2025
Closed on
Jul 2, 2025
Sold by
Rainville Denise A
Bought by
Cabral Nicolaus D
Seller's Agent
Lucy Heelon
RE/MAX Real Estate Center
Buyer's Agent
Yvonne Sousa
RISE REC
List Price
$459,900
Sold Price
$465,000
Premium/Discount to List
$5,100
1.11%
Views
59
Current Estimated Value
$459,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,059
Avg. Annual Appreciation
-1.81%
Original Mortgage
$15,000
Outstanding Balance
$14,910
Interest Rate
6.86%
Mortgage Type
Second Mortgage Made To Cover Down Payment
Estimated Equity
$445,031

Purchase Details

Closed on
May 22, 1998
Sold by
Falcone Kim B
Bought by
Rainville Andrew P and Rainville Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,200
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cabral Nicolaus D $465,000 --
Cabral Nicolaus D $465,000 --
Rainville Andrew P $96,000 --
Rainville Andrew P $96,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cabral Nicolaus D $15,000
Closed Cabral Nicolaus D $15,000
Previous Owner Rainville Andrew P $78,000
Previous Owner Rainville Andrew P $90,000
Previous Owner Rainville Andrew P $91,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2025 07/02/25 Sold $465,000 +1.1% $314 / Sq Ft
06/23/2025 06/23/25 Pending -- -- --
05/22/2025 05/22/25 For Sale $459,900 -- $311 / Sq Ft
Source: State-Wide MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,147 $405,300 $148,700 $256,600
2024 $4,755 $328,600 $129,200 $199,400
2023 $4,663 $328,600 $129,200 $199,400
2022 $4,634 $247,400 $94,900 $152,500
2021 $4,634 $247,400 $94,900 $152,500
2020 $4,634 $247,400 $94,900 $152,500
2019 $4,634 $247,400 $94,900 $152,500
2018 $4,071 $195,700 $94,900 $100,800
2017 $3,961 $195,700 $94,900 $100,800
2016 $3,961 $195,700 $94,900 $100,800
2015 $4,324 $208,400 $105,800 $102,600
2014 $4,181 $208,400 $105,800 $102,600
2013 $4,124 $208,400 $105,800 $102,600
Source: Public Records

Agents Affiliated with this Home

  • Lucy Heelon

    Seller's Agent in 2025

    Lucy Heelon

    RE/MAX Real Estate Center

    (401) 641-2221

    1 in this area

    81 Total Sales

    Lucy Heelon
    Section Image
  • Yvonne Sousa

    Buyer's Agent in 2025

    Yvonne Sousa

    RISE REC

    (401) 379-2929

    4 in this area

    168 Total Sales

    Yvonne Sousa
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1385706

State-Wide MLS

APN: WARW-000293-000510-000000

Rhode Island Kent County Warwick 02888 Palace Garden

3 Jefferson St, Warwick, RI

Not Listed for Sale

MultiFamily

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