NOT LISTED FOR SALE

86 Lane 5 Warwick, RI 02888

Palace Garden Neighborhood

Estimated Value: $243,000 - $312,660

3 Beds
1 Bath
1,154 Sq Ft
$235/Sq Ft Est. Value

Sale Details

Date Sold: December 3, 2025

Last sale price $250,000 $217 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,250 / mo

28 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 1-Story Property
  • Public Transportation

About This Home

As of December 2025

Fantastic ranch in Gaspee! 3 nice size bedrooms, full bathroom, laundry with a large eat in kitchen. Nice living/family room as well! There is a nice finished basement perfect for play room or office and it walks out to the nice size yard. The grounds are beautiful with gardens and a patio. The association fees include the common area maintenance, trash removal, snow plowing, and the land lease. Call today!

Last Agent to Sell the Property

Jonathan Weinstein

Compass License #REB.0016858 Listed on: 09/30/2025

Compass

Last Buyer's Agent

Jonathan Weinstein

Compass License #REB.0016858 Listed on: 09/30/2025

Compass

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,880

Year Built

  • Built in 1935

Lot Details

  • Land Lease

HOA Fees

  • $475 Monthly HOA Fees

Parking

  • No Garage

Interior Spaces

  • 1-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Partially Finished Basement

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

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 86LANE5AVWARW

Community Details

Overview

  • Gaspee Point Subdivision

Amenities

  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,880

Year Built

Built in 1935

Lot Details

0 Sq Ft Lot

HOA Fees

$475 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Subdivision Name: Gaspee Point
  • Above Grade Finished Sq Ft: 854.0
  • 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: None
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 300.0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 1154.0
  • Stories: 1

Exterior Features

  • Construction Type: Drywall
  • Exterior Features: None
  • Foundation Details: See Remarks

Garage/Parking

  • Parking Features: No Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Public Transportation
  • Senior Community: No
  • Association Fee: 475.0
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease: Yes
  • Parcel #: 86LANE5AVWARW

Tax Info

  • Tax Annual Amount: 1880.0
  • Tax Lot: 58
  • Tax Year: 2018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2013
Closed on
Aug 6, 2013
Sold by
Cary Dorothea
Bought by
Seller's Agent
Diane Foley
REAL ESTATE ONE
Buyer's Agent
George Avedisian
REAL ESTATE ONE
List Price
$89,900
Sold Price
$59,900
Premium/Discount to List
-$30,000
-33.37%
Current Estimated Value
$270,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,015
Avg. Annual Appreciation
12.21%
Original Mortgage
$56,905
Outstanding Balance
$40,212
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$230,703
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Palace Garden, RI

  • Brenda Holmes Real Estate Agent - RE/MAX ADVANTAGE GROUP

    Brenda Holmes

    RE/MAX ADVANTAGE GROUP

    (401) 535-7364

    23 Total Sales

    1 in Palace Garden

    $250,000 Price

    Brenda Holmes
     Section Image
  • Jason Ferri Real Estate Agent - RE/MAX Professionals

    Jason Ferri

    RE/MAX Professionals

    (401) 373-4579

    42 Total Sales

    1 in Palace Garden

    $480,000 Price

    Jason Ferri
     Section Image
  • Joy Gilkeson Real Estate Agent - Keller Williams Coastal

    Joy Gilkeson

    Keller Williams Coastal

    (401) 593-2128

    41 Total Sales

    1 in Palace Garden

    $605,000 Price

    Joy Gilkeson
     Section Image
  • Mark Mello Real Estate Agent - Coldwell Banker Realty

    Mark Mello

    Coldwell Banker Realty

    (401) 399-3593

    60 Total Sales

    1 in Palace Garden

    $250,000 Price

    Mark Mello
     Section Image
  • James Duffer Real Estate Agent - RISE REC

    James Duffer

    RISE REC

    (401) 681-8732

    167 Total Sales

    1 in Palace Garden

    $630,000 Price

    James Duffer
     Section Image
  • Shannon Krasnowiecki Real Estate Agent - RI Real Estate Services

    Shannon Krasnowiecki

    RI Real Estate Services

    (401) 340-2022

    45 Total Sales

    1 in Palace Garden

    $370,000 Price

    Shannon Krasnowiecki
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$59,900 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $56,905
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/03/2025 12/03/25 Sold $250,000 -7.1% $217 / Sq Ft
10/28/2025 10/28/25 Pending -- -- --
09/30/2025 09/30/25 For Sale $269,000 +163.7% $233 / Sq Ft
08/30/2019 08/30/19 Sold $102,000 -15.0% $88 / Sq Ft View Prior Sale
07/31/2019 07/31/19 Pending -- -- --
06/11/2019 06/11/19 For Sale $120,000 +100.3% $104 / Sq Ft
08/05/2013 08/05/13 Sold $59,900 -33.4% $70 / Sq Ft View Prior Sale
07/06/2013 07/06/13 Pending -- -- --
05/08/2013 05/08/13 For Sale $89,900 -- $105 / Sq Ft
Source: State-Wide MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,360 $264,600 $0 $264,600
2024 $1,972 $136,300 $0 $136,300
2023 $1,934 $136,300 $0 $136,300
2022 $1,749 $93,400 $0 $93,400
2021 $1,749 $93,400 $0 $93,400
2020 $1,749 $93,400 $0 $93,400
2019 $1,749 $93,400 $0 $93,400
2018 $1,880 $90,400 $0 $90,400
2017 $1,830 $90,400 $0 $90,400
2016 $1,830 $90,400 $0 $90,400
2015 $1,446 $69,700 $0 $69,700
2014 $1,398 $69,700 $0 $69,700
2013 $1,379 $69,700 $0 $69,700
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Weinstein Real Estate Agent - Compass

    Seller's Agent in 2025

    Jonathan Weinstein

    Compass

    (401) 339-1341

    2 in this area

    44 Total Sales

    Jonathan Weinstein
    Section Image
  • Nathan Clark Real Estate Agent - Your Home Sold Guaranteed, NCT

    Seller's Agent in 2019

    Nathan Clark

    Your Home Sold Guaranteed, NCT

    (401) 232-8301

    27 in this area

    2,012 Total Sales

    Nathan Clark
    Section Image

  • DF

    Seller's Agent in 2013

    Diane Foley

    REAL ESTATE ONE

    Section Image

  • GA

    Buyer's Agent in 2013

    George Avedisian

    REAL ESTATE ONE

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1396591

State-Wide MLS

APN: WARW-000305-000058-009886

Rhode Island Kent County Warwick 02888 Palace Garden

86 Lane 5, Warwick, RI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

State-Wide MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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