$487,000
SOLD JAN 22, 2026

41 Drake Rd Warwick, RI 02888

Palace Garden Neighborhood
3 Beds
1 Bath
1,242 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$392 Per Sq Ft

2% Below List Price

51 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Corner Lot
  • Golf Course Community
  • Attic
  • Tennis Courts

About This Home

As of January 2026

Experience effortless one-level living in this completely renovated brick ranch just a short walk to the water. This beautifully updated home features new hardwood floors, an inviting open floor plan, and a stunning modern kitchen with high end finishes. A spacious family room with a brick fireplace adds warmth, charm, and the perfect gathering space for any season. The new bath, nw roof, new windows. new plumbing and updated electrical provide peace of mind and a true move-in readiness. With three spacious bedrooms a corner lot, and a garage, this home blends style, comfort, and convenience in an unbeatable location.

Last Agent to Sell the Property

Terry Cipolla

First Choice Real Estate Group License #RES.0032941 Listed on: 11/25/2025

Last Buyer's Agent

Nelson Taylor

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,567

Year Built

  • Built in 1955

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Brick Exterior Construction
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 1,242 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Storage Room
  • Laundry Room
  • Utility Room
  • Storm Windows
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Heating System Uses Steam
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Walking Distance to Water
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 0228
  • Assessor Parcel Number 41DRAKERDWARW

Community Details

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,567

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Above Grade Finished Sq Ft: 1242.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1955
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Cable TV
  • Living Area: 1242.0
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 1
  • Window Features: Storm Window(s)

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Brick, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 5.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil, Steam
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.0
  • Parcel #: 41DRAKERDWARW

Tax Info

  • Tax Annual Amount: 4567.0
  • Tax Lot: 0228
  • Tax Year: 2025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2025
Closed on
Jan 22, 2026
Sold by
Cipolla Terry
Bought by
Ferguson Sarah M
Seller's Agent
Terry Cipolla
First Choice Real Estate Group
Buyer's Agent
Nelson Taylor
Compass
List Price
$499,000
Sold Price
$487,000
Premium/Discount to List
-$12,000
-2.4%
Views
98

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.24%
Original Mortgage
$389,600
Outstanding Balance
$389,600
Interest Rate
6.22%
Mortgage Type
New Conventional
Estimated Equity
$92,581

Purchase Details

Closed on
Aug 12, 2025
Sold by
Swanson Jeffrey K
Bought by
Cipolla Terry

Purchase Details

Closed on
Jun 30, 2025
Sold by
Warwick City Of
Bought by
Mufasa Cap Llc

Purchase Details

Closed on
Jul 10, 2023
Sold by
Warwick City Of
Bought by
Reservoir Adventures Llc
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 Type Sale Price Title Company
Warranty Deed $487,000 --
Quit Claim Deed $98,333 --
Quit Claim Deed $98,333 --
Deed $196,666 --
Deed $196,666 --
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $11,972 --
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $11,972 --
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $11,378 None Available
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $11,378 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $389,600 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2026 01/22/26 Sold $487,000 -2.4% $392 / Sq Ft
01/15/2026 01/15/26 Pending -- -- --
11/25/2025 11/25/25 For Sale $499,000 -- $402 / 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 $4,982 $392,300 $170,000 $222,300
2024 $4,839 $334,400 $147,800 $186,600
2023 $4,745 $334,400 $147,800 $186,600
2022 $4,533 $242,000 $103,700 $138,300
2021 $4,533 $242,000 $103,700 $138,300
2020 $4,533 $242,000 $103,700 $138,300
2019 $4,533 $242,000 $103,700 $138,300
2018 $4,162 $200,100 $96,300 $103,800
2017 $4,050 $200,100 $96,300 $103,800
2016 $4,050 $200,100 $96,300 $103,800
2015 $3,777 $182,000 $91,400 $90,600
2014 $3,651 $182,000 $91,400 $90,600
2013 $3,602 $182,000 $91,400 $90,600
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2026

    Terry Cipolla

    First Choice Real Estate Group

    (401) 821-2901

    3 in this area

    126 Total Sales

    Terry Cipolla
    Section Image
  • Nelson Taylor

    Buyer's Agent in 2026

    Nelson Taylor

    Compass

    (401) 214-1524

    20 in this area

    596 Total Sales

    Nelson Taylor
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1400566

State-Wide MLS

APN: WARW-000304-000228-000000

Rhode Island Kent County Warwick 02888 Palace Garden

41 Drake Rd, Warwick, RI

Sold

Detached

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