247 Asylum Road, Warwick, RI, 02886 | $389,900

OFFER DEADLINE FOR HIGHEST AND BEST OFFERS IS SUNDAY, MARCH 1, 2026 AT 1: 00 PM. Popular Buttonwoods neighborhood just 6 houses from City Park! City Park is 126 acres offering residents a saltwater beach with bathhouse, paved hiking/bike trail, playground with kiddie area, baseball fields, a basketball court, tennis, pickleball, a picnic area and more!
This beloved property is in an estate and needs some updating. . . however. . . already has a brand new roof, kitchen appliances (stove, refrigerator and dishwasher and new carpeting. Some other features include a wood burning fireplace, hardwood floors and central air!
The upper level offers 2 oversized bedrooms and a full bath, kitchen, dining room and living room and the lower level (space is above grade) offers an abundance of additional space including a 3rd bedroom with half bath and laundry along with 2 large finished rooms allowing for flexible space. . . could be offices, additional bedrooms, rec rooms, playrooms, etc. . . whatever your needs may be!
There is a slider in the dining room leading out to a lovely deck which overlooks the fenced backyard with 2 potting sheds! Don't miss this tremendous opportunity to make this wonderful home your own! Property being sold "as is".

Features

  • Amenities: Near Schools,Pool,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
  • Rooms: 8
  • Bedrooms: 3
  • Baths: 1 full / 1 half
  • Style: Raised Ranch
  • Year Built: 1967
  • Garage: No Garage
  • Heating: Gas
  • Cooling: Central Air
  • Basement: Exterior Entry,Full,Finished,Interior Entry
  • Approx Sq. Feet: 1,913
  • Acreage: 0.17
  • Est. Taxes: $4,563
  • Lot Desc: Corner Lot
  • Appliances: Dryer,Dishwasher,Gas Water Heater,Oven,Range,Refrigerator,Range Hood,Water Heater,Washer
  • MLS#: 1405527
  • Website: https://www.raveis.com
    /prop/1405527/247asylumroad_warwick_ri?source=qrflyer
Copyright © 2026  State-Wide MLS, Inc. All rights reserved.
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by Mott & Chace Sotheby's Intl.   Phone: 401-245-3050

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.

Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

247 Asylum Road, Warwick, RI, 02886

$389,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $311,920 $311,920 $311,920
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.125% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.258% 6.292% 5.628%
Monthly Tax Payment $380 $380 $380
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,796 $1,895 $2,528
Total Monthly Payment $2,251 $2,350 $2,983

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.