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.
Est. $1,727 per month, based on comparable rentals
Sale and tax history for 48 Lane 2
Sale History
Tax History
Date
Event
Price
RIS #1413017
Aug 4, 2026
Sold
$80,000
$129/sq ft
Jun 26, 2026
Pending
—
May 19, 2026
Listed
$123,000
$198/sq ft
RIS #1409098
May 11, 2026
Listing Removed
—
Apr 3, 2026
Listed
$130,000
$209/sq ft
RIS #1406522
Apr 2, 2026
Listing Removed
—
Mar 13, 2026
Listed
$130,000
$209/sq ft
RIS #1400253
Mar 13, 2026
Listing Removed
—
Jan 15, 2026
Price Changed
$140,000
$225/sq ft
Nov 15, 2025
Listed
$145,000
$233/sq ft
RIS #1287453
Dec 29, 2021
Sold
$50,000
$81/sq ft
Jul 28, 2021
Pending
—
Jul 7, 2021
Contingent
—
Jul 6, 2021
Relisted
—
Jul 6, 2021
Listing Removed
—
Jul 6, 2021
Listed
$50,000
$81/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,296 (+80.5%)
$180,800
2024
$1,272 (+2.0%)
$87,900
2023
$1,247 (+46.7%)
$87,900
2022
$850
$45,400
2021
$850
$45,400
2020
$850
$45,400
2019
$850 (−8.0%)
$45,400
2018
$924 (+2.8%)
$44,400
2017
$899
$44,400
2016
$899 (+17.4%)
$44,400
2015
$766 (+3.5%)
$36,900
2014
$740 (+1.4%)
$36,900
2013
$730 (−16.4%)
$36,900
2012
$873
$48,100
Public record
Public record
Permits
Beds
1
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
621
Year built
1935
Style
Single Family Residential
County
Kent County
APN
654643
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
Mar 31, 2025 • Active
Demolition
Demolition
Mar 20, 2025 • Active
Building
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking
Features: No Garage
# of Parking (Total): 2
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 1
Room Information
# of Rooms (Total): 4
Has Basement
Basement Information: Crawl Space, Unfinished
Equipment
Appliances: No Hot Water
Exterior
Building Information
Stories: 1
Stories (Total): 1
Lot Information
Lot Features: Wooded
Waterfront Features: Beach Access, Water Access, Walk to Water
Property Information
Above Grade Finished Area: 621
Foundation Details: Stone
Fixer
Financial
Assessments and Fees
Assessed Value: $180,800
Tax Information
Annual Tax Amount: $2,296
Tax Year: 2025
Land Lease Information
Has Land Lease
Utilities
Utility Information
Utilities: Sewer Connected
Sewer: Connected
Water Source: Public
Heating & Cooling
Heating: Electric
Location
HOA Information
Association Fee: $452
Monthly
Public facts
Beds: 1
Baths: 1.0
Sq. Ft.: 621
Stories: 1.0
Lot Size: —
Style: Single Family Residential
Year Built: 1935
Year Renovated: —
County: Kent County
APN: 654643
Home facts updated by county records on Jun 22, 2026
Around this home
Schools
Holliman School
Public K-5 • Assigned • 1.6mi
6/10
Warwick Veterans Jr. High School
Public 6-8 • Assigned • 3.1mi
5/10
Pilgrim High School
Public 9-12 • Assigned • 1.6mi
7/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
6/10 Wind Factor
74% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Warwick, RI • 02888
Average low and high temperatures (°F)
35
22
36
23
50
33
59
42
67
52
80
62
83
67
79
61
74
59
64
48
54
38
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Warwick. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$170,000 – $206,000
Reach more buyers when you sell with Redfin. Plus, you'll save $1,788 in fees.