NOT LISTED FOR SALE

68 Lane 5 Warwick, RI 02888

Palace Garden Neighborhood

Estimated Value: $231,000 - $348,000

1 Bed
1 Bath
863 Sq Ft
$336/Sq Ft Est. Value

Last Sold January 04, 2016

Last sale price $78,000 $90 Per Sq Ft

Est. 271% increase in value since last sale

Current estimated payment $1,740/month

73 Days on Market

Highlights

  • Marina
  • Water Access
  • Wood Flooring
  • Golf Course Community
  • Deck
  • Tennis Courts

About This Home

As of January 2016

SPACIOUS 1 BED RANCH ON LEASED LAND WITH ACCESS TO A PRIVATE BEACH. HARDWOOD FLOORS, REPLACEMENT WINDOWS, GAS HEAT, HOT WATER & COOKING. SLIDER TO LARGE DECK, NICE BIG YARD, DETACHED GARAGE, VINYL SIDED & CONNECTED TO SEWERS.

Last Agent to Sell the Property

Gayle Moone

Real Estate Masters, Inc. License #REB.0015049 Listed on: 09/22/2015

Last Buyer's Agent

Gayle Moone

Real Estate Masters, Inc. License #REB.0015049 Listed on: 09/22/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,239

Year Built

  • Built in 1935

Lot Details

  • Land Lease

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 863 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Storm Doors

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 58
  • Assessor Parcel Number 68LANE5.WARW

Community Details

Overview

  • Gaspee Point Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,239

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Subdivision Name: GASPEE POINT
  • Above Grade Finished Sq Ft: 863.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • 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: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Living Area: 863.0
  • Stories: 1
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Water Access, Walk to Water
  • Construction Type: Drywall, Wood Siding, Vinyl Siding
  • Exterior Features: Deck, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 3.0

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Land Lease: Yes
  • Parcel #: 68LANE5.WARW
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1239.0
  • Tax Lot: 58
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2017
Sold by
Wallace John and Wallace Eleanor
Bought by
Pedder Tracey
Current Estimated Value
$289,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,875
Interest Rate
3.91%
Mortgage Type
Unknown

Purchase Details

Listed on
Sep 22, 2015
Closed on
Jan 4, 2016
Sold by
Wayne Vera S
Bought by
Wallace John A and Wallace Eleanor G
Seller's Agent
Gayle Moone
Real Estate Masters, Inc.
Buyer's Agent
Gayle Moone
Real Estate Masters, Inc.
List Price
$79,900
Sold Price
$78,000
Premium/Discount to List
-$1,900
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.36%
Original Mortgage
$62,400
Interest Rate
3.98%

Purchase Details

Closed on
Aug 25, 2006
Sold by
Papa Anthony F and Papa Patricia A
Bought by
Wayne Vera S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage
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
Pedder Tracey $92,500 --
Wallace John A $78,000 --
Wayne Vera S $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pedder Tracey $227,920
Closed Pedder Tracey $188,237
Closed Pedder Tracey $144,841
Closed Pedder Tracey $108,109
Closed Pedder Tracey $87,875
Previous Owner Wayne Vera S $62,400
Previous Owner Wayne Vera S $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2016 01/04/16 Sold $78,000 -2.4% $90 / Sq Ft
12/05/2015 12/05/15 Pending -- -- --
09/22/2015 09/22/15 For Sale $79,900 -- $93 / 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 $1,959 $135,400 $0 $135,400
2023 $1,921 $135,400 $0 $135,400
2022 $1,982 $105,800 $0 $105,800
2021 $1,982 $105,800 $0 $105,800
2020 $1,982 $105,800 $0 $105,800
2019 $1,982 $105,800 $0 $105,800
2018 $1,662 $79,900 $0 $79,900
2017 $1,617 $79,900 $0 $79,900
2016 $1,617 $79,900 $0 $79,900
2015 $1,239 $59,700 $0 $59,700
2014 $1,198 $59,700 $0 $59,700
2013 $1,181 $59,700 $0 $59,700
Source: Public Records

Agents Affiliated with this Home

  • Gayle Moone

    Seller's Agent in 2016

    Gayle Moone

    Real Estate Masters, Inc.

    (401) 447-6587

    1 in this area

    38 Total Sales

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Map

Source: State-Wide MLS

MLS Number: 1108393

State-Wide MLS

APN: WARW-000305-000058-009868

Rhode Island Kent County Warwick 02888 Palace Garden

68 Lane 5, Warwick, RI

This home is located at 68 Lane 5, Warwick, RI 02888 since 22 September 2015 and is currently estimated at $289,564, approximately $335 per square foot. This property was built in 1935. 68 Lane 5 is a home located in Kent County with nearby schools including St. Peter School and Saint Paul School.

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