NOT LISTED FOR SALE

34 Lane 2 Warwick, RI 02888

Palace Garden Neighborhood

Estimated Value: $416,000 - $452,463

2 Beds
1 Bath
1,004 Sq Ft
$435/Sq Ft Est. Value

Last Sold February 09, 2022

Last sale price $315,000 $314 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,842/month

54 Days on Market

Highlights

  • Beach Front
  • Golf Course Community
  • Attic
  • Marina
  • Water Access
  • Tennis Courts

About This Home

As of February 2022

Admit it! You've always wanted a place on the water but weren't sure you could afford it. Nevermind one perched up on a plateau overlooking your beach and Narragansett Bay. Well, here is the perfect opportunity. This 2 bedroom cottage features an open floor plan, front deck overlooking the water, skylights, all stainless appliances, and a jacuzzi bath tub. There is also a huge unfinished attic beaming with possibilities. No flood insurance needed! The current owners have done a fantastic job maintaining the upkeep of their property over their 20+ years of ownership. Gaspee Point is on leased land, and has one of the most festive neighborhoods around. Just ask anyone who knows about the famous 3rd of July party. This is a must see for anyone who wants to cook dinner in their kitchen while watching boats sail past on the Bay!

Last Agent to Sell the Property

Eric Ouhrabka

HomeSmart Professionals License #REB.0049069 Listed on: 11/16/2021

Last Buyer's Agent

Eric Ouhrabka

HomeSmart Professionals License #REB.0049069 Listed on: 11/16/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,952

Year Built

  • Built in 1935

Lot Details

  • 6,600 Sq Ft Lot
  • Beach Front
  • Land Lease

Home Design

  • Cottage
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,004 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Water Views
  • Washer
  • Attic

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 2 Parking Spaces
  • No Garage

Outdoor Features

  • Water Access
  • Walking Distance to Water

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 127
  • Assessor Parcel Number 34LANE2LANEWARW

Community Details

Overview

  • Gaspee Point Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,952

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1515
  • Subdivision Name: Gaspee Point
  • Above Grade Finished Sq Ft: 1004.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1935
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Attic, Skylights, Tub Shower, Cable TV
  • Living Area: 1004.0
  • Stories: 1
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Water Access, Walk to Water
  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: Yes
  • Lot Size Sq Ft: 6600.0
  • Parcel #: 34LANE2LANEWARW
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2952.0
  • Tax Lot: 127
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2000
Sold by
Mann Graham P
Bought by
Kemph Steven W
Current Estimated Value
$436,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.23%
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
Kemph Steven W $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kemph Steven W $60,000
Closed Kemph Steven W $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2022 02/09/22 Sold $315,000 +16.7% $314 / Sq Ft
01/10/2022 01/10/22 Pending -- -- --
11/16/2021 11/16/21 For Sale $269,900 -- $269 / 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
2025 $6,527 $513,900 $0 $513,900
2024 $3,768 $260,400 $0 $260,400
2023 $3,695 $260,400 $0 $260,400
2022 $2,971 $158,600 $0 $158,600
2021 $2,952 $157,600 $0 $157,600
2020 $2,952 $157,600 $0 $157,600
2019 $2,952 $157,600 $0 $157,600
2018 $3,093 $148,700 $0 $148,700
2017 $3,010 $148,700 $0 $148,700
2016 $3,010 $148,700 $0 $148,700
2015 $2,256 $108,700 $0 $108,700
2014 $2,181 $108,700 $0 $108,700
2013 $2,151 $108,700 $0 $108,700
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

    42 Total Sales

    Eric Ouhrabka
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Map

Source: State-Wide MLS

MLS Number: 1298593

State-Wide MLS

APN: WARW-000305-000058-009634

Rhode Island Kent County Warwick 02888 Palace Garden

34 Lane 2, Warwick, RI

Not Listed for Sale

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