NOT LISTED FOR SALE

54 Lane 1 Warwick, RI 02888

Palace Garden Neighborhood

Estimated Value: $286,568 - $339,000

2 Beds
1 Bath
667 Sq Ft
$463/Sq Ft Est. Value

Last Sold March 17, 2016

Last sale price $75,000 $112 Per Sq Ft

Est. 312% increase in value since last sale

Current estimated payment $2,119/month

199 Days on Market

Highlights

  • Walking Distance to Water
  • Wood Siding
  • 1-Story Property
  • Space Heater
  • Carpet

About This Home

As of March 2016

Cozy cottage in desirable Gaspee. Quiet Setting. Spacious Yard.Short Walk to Narragansett Bay and Private Beach. No flood Insurance needed. Discover the uniqueness of Gaspee! The only neighborhood of its kind in RI. Seller Financing Available.

Last Agent to Sell the Property

Roger Tortolani

HomeSmart Professionals License #REB.0015210 Listed on: 07/31/2015

Last Buyer's Agent

Roger Tortolani

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,050

Year Built

  • Built in 1935

HOA Fees

  • $296 Monthly HOA Fees

Home Design

  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 667 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Walking Distance to Water
  • Land Lease

Community Details

  • Gaspee Point Subdivision

Listing and Financial Details

  • Tax Lot 0058-9554
  • Assessor Parcel Number 54LANE1.WARW

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,050

Year Built

Built in 1935

Lot Details

0

HOA Fees

$296 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Subdivision Name: GASPEE POINT
  • Above Grade Finished Sq Ft: 667.0
  • Garage Yn: No
  • 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: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Living Area: 667.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Shingle Siding, Wood Siding
  • Foundation Details: See Remarks

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Space Heater
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Sewer Assessment(s)
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 296.0
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease: Yes
  • Parcel #: 54LANE1.WARW
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1050.0
  • Tax Lot: 0058-9554
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2004
Sold by
Villinis Jennifer L
Bought by
Johnston Beth
Current Estimated Value
$308,642
Source: Public Records

Range of Values:

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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
Johnston Beth $101,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salo Jannine $90,775
Closed Salo Jannine $60,000
Closed Johnston Beth $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2016 03/17/16 Sold $75,000 -16.6% $112 / Sq Ft
02/16/2016 02/16/16 Pending -- -- --
07/31/2015 07/31/15 For Sale $89,900 -- $135 / 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 $1,849 $127,800 $0 $127,800
2023 $1,813 $127,800 $0 $127,800
2022 $1,180 $63,000 $0 $63,000
2021 $1,180 $63,000 $0 $63,000
2020 $1,180 $63,000 $0 $63,000
2019 $1,180 $63,000 $0 $63,000
2018 $1,281 $61,600 $0 $61,600
2017 $1,247 $61,600 $0 $61,600
2016 $1,247 $61,600 $0 $61,600
2015 $1,050 $50,600 $0 $50,600
2014 $1,015 $50,600 $0 $50,600
2013 $1,001 $50,600 $0 $50,600
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Roger Tortolani

    HomeSmart Professionals

    (401) 741-1160

    19 Total Sales

    Roger Tortolani
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Map

Source: State-Wide MLS

MLS Number: 1103902

State-Wide MLS

APN: WARW-000305-000058-009554

Rhode Island Kent County Warwick 02888 Palace Garden

54 Lane 1, Warwick, RI

This home is located at 54 Lane 1, Warwick, RI 02888 since 31 July 2015 and is currently estimated at $308,642, approximately $462 per square foot. This property was built in 1935. 54 Lane 1 is a home located in Kent County with nearby schools including St. Peter School and Saint Paul School.

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