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$140,000 -$5,000 (-3.45%) Price Reduced
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Property Description
Investors and Contractors- looking for your next project? This property needs a complete renovation and offers an incredible opportunity, located in the charming Gaspee Point Community, steps from private beach access. The location of this property is fantastic. It's at the end of the street and has a great lot. It is minutes away from Pawtuxet Village with its amazing shops and restaurants. A true diamond in the rough. This property is being sold as-is/as seen and will not qualify for financing.
Full Property Details
Full Property Details for 48 Lane 2
General
- Price: $140,000
- HOA FEE: $452/month
- Taxes: $2,296 (2025)
- Status: Active
- Type: Single Family
- Source: STWMLS
- MLS ID: 1400253
- Updated: 1/15/2026
- Added to Site: 61 day(s) ago
Interior
- Number of Rooms: 4
- Fireplace(s): None
- Appliances: No Hot Water
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Parking
- Total Spaces: 2
- Parking Features: No Garage
Location
- County: Kent
- Subdivision: Gaspee Point
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric, None
Utilities
- Sewer: Connected
- Water: Public
- Utility Description: Sewer Connected
Structural Information
- Architectural Style: Cabin
- Detached/Attached: Detached
- Basement: Yes
- Basement Desc.: Crawlspace, Unfinished
- Stories/Levels: 1
- Building Size: 621
- Square Feet: 621
- Living Area: 621 Sq. Ft.
- Finished Total: 621 Sq. Ft.
- Finished Above Grnd: 621 Sq. Ft.
- Year Built: 1935
Additional Structures
- Other Structures: Guest House
Lot Features
- Lot Features: Wooded
- Land Lease Avail: Yes
Water Features
- Water Front Desc.: Beach Access, Water Access, Walk to Water
Financial Considerations
- Association Fee: $452
- Assoc Fee Freq.: Monthly
- Tax Amount: $2,296
- Tax Year: 2025
Disclosures and Reports
- Inclusions: The land lease is $361.00, and the sewer assessment is $91.00 for a total of $452.00. The owner has never lived in the property. The property has been gutted.
- Property ID: 48LANE2WARW
- Lot Number: 0058/9648
Listed by RE/MAX Professionals
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Schools
Schools serving 48 Lane 2
School District:Warwick School District
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 48 Lane 2
Date
Details
Price
Change
Source
1/15/2026
Price Reduced
$140,000
-3.45%
MLS
11/15/2025
Listed
$145,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 48 Lane 2
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,296
81%
$180,800
106%
2024
$1,272
2%
$87,900
—
2023
$1,247
47%
$87,900
94%
2022
$850
—
$45,400
—
2021
$850
—
$45,400
—
2020
$850
—
$45,400
—
2019
$850
-8%
$45,400
2%
2018
$924
3%
$44,400
—
2017
$899
—
$44,400
—
2016
$899
17%
$44,400
20%
2015
$766
4%
$36,900
—
2014
$740
1%
$36,900
—
2013
$730
—
$36,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 48 Lane 2
48 Lane 2, Warwick, RI 02888 (MLS# 1400253) is a Single Family property with 1 bedroom and 1 full bathroom. 48 Lane 2 is currently listed for $140,000 and was received on November 15, 2025. Want to learn more about 48 Lane 2? Do you have questions about finding other Single Family real estate for sale in Warwick? You can browse all Warwick real estate or contact a Coldwell Banker agent to request more information.

