$269,000

68 Lane 5 Warwick, RI 02888

Palace Garden Neighborhood

Estimated payment $2,153/month

Total Views 13,068
1 Bed
1 Bath
863 Sq Ft
$312 Price per Sq Ft

Highlights

  • Beach Access
  • Wood Flooring
  • Tennis Courts
  • Deck
  • Attic
  • 1 Car Detached Garage

About This Home

Looking for simple and quiet living near the beach? Come see this adorable cottage steps away from the beach within the private community of Gaspee Point on Narragansett Bay. This sweet home has one bedroom and full bathroom with spacious eat-in-kitchen and an extra large living room with a unique opportunity to live near the water. The sweet kitchen has character along with newer appliances. Private fenced-in backyard with a deck for peaceful and relaxing evenings. Young roof, charming built-ins, detached one car garage and short walk to the beach. Make this cottage your year round home or fun summertime getaway. Conveniently located near airport, train, restaurants and shopping in Pawtuxet Village. Pets are welcome, leased land and subject to buyers approval by association. Use your imagination to make this diamond in the rough your forever home. House selling as-is.

Listing Agent

Kristina Dwyer

HomeSmart Professionals Brokerage Phone: 401-921-5011 Listed on: 11/28/2025

HomeSmart Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,280

Year Built

  • Built in 1935

Lot Details

  • Fenced
  • Land Lease

HOA Fees

  • $475 Monthly HOA Fees

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
  • Storm Doors
  • Attic

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Unfinished Basement

  • Interior Basement Entry
  • Crawl Space

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water
  • Deck

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Tax Lot 58
  • Assessor Parcel Number 68LANE5WARW

Community Details

Overview

  • Gaspee Point Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,280

Year Built

Built in 1935

Lot Details

0

HOA Fees

$475 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Inclusions: Leased Land Rent Fee is $475/mo & Sewer Assessment Fee is $91/mo for Spring Green Association total monthly fee of $566
  • Subdivision Name: Gaspee Point
  • Above Grade Finished Sq Ft: 863.0
  • Architectural Style: Cabin
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1935
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: 401-921-5011
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Has Basement: Crawl Space, 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
  • Interior Amenities: Attic, Tub Shower, Cable TV
  • Living Area: 863.0
  • Stories: 1

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: 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: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 475.0
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease: Yes
  • Parcel #: 68LANE5WARW

Tax Info

  • Tax Annual Amount: 3280.41
  • Tax Lot: 58
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $3,280 $258,300 $0 $258,300
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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/28/2025 11/28/25 For Sale $269,000 +244.9% $312 / Sq Ft
01/04/2016 01/04/16 Sold $78,000 -2.4% $90 / Sq Ft View Prior Sale
12/05/2015 12/05/15 Pending -- -- --
09/22/2015 09/22/15 For Sale $79,900 -- $93 / Sq Ft
Source: State-Wide MLS

Purchase History

Date Type Sale Price Title Company
Not Resolvable $92,500 --
Deed $78,000 --
Deed $120,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $87,875 Unknown
Previous Owner $62,400 No Value Available
Previous Owner $70,000 Purchase Money Mortgage
Source: Public Records

Source: State-Wide MLS

MLS Number: 1400900

State-Wide MLS

APN: WARW-000305-000058-009868

Rhode Island Kent County Warwick 02888 Palace Garden

68 Lane 5, Warwick, RI

For Sale

Detached

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Kristina Dwyer
Listing Agent
Kristina Dwyer
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HomeSmart Professionals
(401) 496-9754