NOT LISTED FOR SALE

32 Lane 1 Warwick, RI 02888

Palace Garden Neighborhood

Estimated Value: $266,000 - $333,478

2 Beds
1 Bath
888 Sq Ft
$342/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $225,000 $253 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,852/month

Highlights

  • Marina
  • Beach Access
  • Recreation Facilities
  • Water Views
  • Cottage
  • 1 Car Detached Garage

About This Home

As of June 2022

What a unique opportunity to own a beach house with great water views set under Norway Spruces in a huge fenced in yard! There are public steps to the beach just a few houses over, and the inside of this house is very cute. There is an open concept living room and entryway, and big kitchen featuring a new dishwasher, newer appliances, and a great view to the backyard. There is also a 1 car garage with opener, and a fire pit in the back yard. Come live by the beach!

Last Agent to Sell the Property

Eric Ouhrabka

HomeSmart Professionals License #REB.0049069 Listed on: 03/29/2022

Last Buyer's Agent

Cynthia Carlson

Regal Realty License #RES.0043058

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,523

Year Built

  • Built in 1935

Lot Details

  • Fenced
  • Land Lease

Parking

  • 1 Car Detached Garage

Home Design

  • Cottage
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 888 Sq Ft Home
  • 1-Story Property
  • Water Views
  • Unfinished Basement
  • Partial Basement

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 9532 / 0058
  • Assessor Parcel Number 32LANE1WARW

Community Details

Overview

  • Gaspee Point Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,523

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Inclusions: House is being offered with the buyer assuming the remaining payoff of the sewer connection. Current balance as of 29 March 2022 is $8245.78 or a $91 monthly payment to Spring Green Corporation until loan matures
  • Subdivision Name: Gaspee Point
  • Above Grade Finished Sq Ft: 888.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1935
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Tub Shower
  • Living Area: 888.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Vinyl Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

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

Utilities

  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Sewer Assessment(s)
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Marina, Near Schools, Public Transportation, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: Yes
  • Parcel #: 32LANE1WARW
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1522.75
  • Tax Block: 0058
  • Tax Lot: 9532
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2009
Sold by
Pianka Craig S
Bought by
Zonghetti Theresa E
Current Estimated Value
$303,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Outstanding Balance
$40,026
Interest Rate
5.19%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$291,676
Source: Public Records

Range of Values:

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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
Zonghetti Theresa E $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zonghetti Theresa E $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $225,000 +13.1% $253 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
03/29/2022 03/29/22 For Sale $199,000 -- $224 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $2,415 $166,900 $0 $166,900
2023 $2,368 $166,900 $0 $166,900
2022 $1,523 $81,300 $0 $81,300
2021 $1,523 $81,300 $0 $81,300
2020 $1,523 $81,300 $0 $81,300
2019 $1,523 $81,300 $0 $81,300
2018 $1,652 $79,400 $0 $79,400
2017 $1,607 $79,400 $0 $79,400
2016 $1,607 $79,400 $0 $79,400
2015 $1,494 $72,000 $0 $72,000
2014 $1,444 $72,000 $0 $72,000
2013 $1,425 $72,000 $0 $72,000
Source: Public Records

Agents Affiliated with this Home

  • Eric Ouhrabka

    Seller's Agent in 2022

    Eric Ouhrabka

    HomeSmart Professionals

    (401) 601-6166

    11 in this area

    41 Total Sales

    Eric Ouhrabka
    Section Image

  • C

    Buyer's Agent in 2022

    Cynthia Carlson

    Regal Realty

    (401) 808-5558

    2 in this area

    33 Total Sales

    Cynthia Carlson
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1306178

State-Wide MLS

APN: WARW-000305-000058-009532

Rhode Island Kent County Warwick 02888 Palace Garden

32 Lane 1, Warwick, RI

This home is located at 32 Lane 1, Warwick, RI 02888 since 29 March 2022 and is currently estimated at $303,620, approximately $341 per square foot. This property was built in 1935. 32 Lane 1 is a home located in Kent County with nearby schools including St. Peter School and Saint Paul School.

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