NOT LISTED FOR SALE

75 Lane 1 Warwick, RI 02888

Palace Garden Neighborhood

Estimated Value: $249,000 - $329,000

2 Beds
1 Bath
770 Sq Ft
$381/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $102,000 $132 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $2,207/month

185 Days on Market

Highlights

  • Beach Front
  • Deck
  • Walking Distance to Water
  • Marina
  • Recreation Facilities
  • Bathtub with Shower

About This Home

As of January 2018

ENJOY WONDERFUL BREEZE FROM NARRAGANSETT BAY IN THIS WATERFRONT COTTAGE ON GASPEE POINT. THE $13,000 SEWER ASSESSMENT HAS BEEN COMPLETELY PAID BY THE CURENT OWNER SO THERE IS NO PASS ON TO THE NEW BUYERS. THE MONTHLY LEASE LAND PAYMENT IS $390 AND GIVES YOU ACCESS TO THE PRIVATE BEACH . PERFECT FOR WEEKEND GET AWAYS OR FOR A STARTER HOME OR RETIREMENT NEST. GAS HEAT AND FRESHLY PAINTED. WONDERFULL WRAP AROUND DECK FOR YOU TO SIT AND CONTEMPLATE THE BEAUTY OF NATURE!

Last Agent to Sell the Property

Frank Sullivan

CALDWELL REALTY LLC License #RES.0040095 Listed on: 06/29/2017

Last Buyer's Agent

Joseph McCarthy

August Associates, LLC License #REC.0018408

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,973

Year Built

  • Built in 1935

Lot Details

  • Beach Front
  • Land Lease

HOA Fees

  • $390 Monthly HOA Fees

Interior Spaces

  • 770 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • No Garage

Outdoor Features

  • Walking Distance to Water
  • Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 75Lane1LANEWARW

Community Details

Overview

  • Waterfront/Gaspee Point Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,973

Year Built

Built in 1935

Lot Details

0

HOA Fees

$390 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Subdivision Name: Waterfront/Gaspee Point
  • Above Grade Finished Sq Ft: 770.0
  • Architectural Style: Ranch
  • 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: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Tub Shower, Cable TV
  • Living Area: 770.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • Waterfront Features: Beach Access, Beach Front, Walk to Water, Waterfront
  • Waterfront: Yes
  • Exterior Features: Deck
  • Foundation Details: See Remarks
  • Patio And Porch Features: Deck

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Schools, Public Transportation, Recreation Area, Shopping
  • Senior Community: No
  • Association Fee: 390.0
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease: Yes
  • Parcel #: 75Lane1LANEWARW
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1973.0
  • Tax Lot: 23
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 1999
Sold by
Simonds Sylvia N
Bought by
Sullivan Francis
Current Estimated Value
$293,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,300
Interest Rate
7.83%
Source: Public Records

Range of Values:

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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
Sullivan Francis $37,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flori Thomas M $93,406
Closed Sullivan Francis $33,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2018 01/31/18 Sold $102,000 -35.8% $132 / Sq Ft
01/01/2018 01/01/18 Pending -- -- --
06/29/2017 06/29/17 For Sale $159,000 -- $206 / 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 $2,603 $179,900 $0 $179,900
2023 $2,553 $179,900 $0 $179,900
2022 $1,669 $89,100 $0 $89,100
2021 $1,669 $89,100 $0 $89,100
2020 $1,669 $89,100 $0 $89,100
2019 $1,669 $89,100 $0 $89,100
2018 $2,028 $97,500 $0 $97,500
2017 $1,973 $97,500 $0 $97,500
2016 $1,973 $97,500 $0 $97,500
2015 $1,573 $75,800 $0 $75,800
2014 $1,521 $75,800 $0 $75,800
2013 $1,500 $75,800 $0 $75,800
Source: Public Records

Agents Affiliated with this Home

  • Frank Sullivan

    Seller's Agent in 2018

    Frank Sullivan

    CALDWELL REALTY LLC

    (401) 480-5276

    63 Total Sales

    Section Image

  • J

    Buyer's Agent in 2018

    Joseph McCarthy

    August Associates, LLC

    (401) 461-0700

    1 in this area

    38 Total Sales

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1165577

State-Wide MLS

APN: WARW-000305-000058-009575

Rhode Island Kent County Warwick 02888 Palace Garden

75 Lane 1, Warwick, RI

This home is located at 75 Lane 1, Warwick, RI 02888 since 29 June 2017 and is currently estimated at $293,648, approximately $381 per square foot. This property was built in 1935. 75 Lane 1 is a home located in Kent County with nearby schools including St. Peter School and Saint Paul School.

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