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48 Fairway Dr, Cranston, RI, 02920

2beds
1baths
1,736sqft
$379,999
$219price/sqft
$2,898/moest. monthly cost
$115,920/yrincome needed

About This Home

Located in Oaklawn Terrace neighborhood of Cranston, this well-maintained home is full of potential and ready for its next chapter. Town records reflects a 3-bedroom home, currently configured as 2 bedrooms, with an opportunity to convert to a third bedroom, subject to buyer verification. The kitchen features granite countertops and opens to the dining room, creating a welcoming layout for living and entertaining. A finished breezeway offers flexible living space that can be used as a family room, home office, playroom, or whatever best suits your lifestyle. This home is in great condition, while offering the opportunity for modern updates to make it your own. A moderately sized side yard with room for outdoor entertaining, recreation, or simply relaxing. Conveniently located near shopping, restaurants, schools, parks, and major highways. This home has endless possibilities. Don't miss your chance to appreciate the quality, potential, and value this home has to offer!

Getting Around

59
WalkingSomewhat Walkable
33
TransitSome Transit
55
BikeBikeable

Schools

5/10
Glen Hills SchoolGrades PK-51.3 mi
5/10
9/10
Cranston High School WestGrades 9-122.2 mi

Construction

Condition

  • Year built: 1942

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Brick,Shingles,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cape Cod
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Range Hood,Microwave,Oven/Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Full,Interior Entry,Partially Finished,Family Room,Storage Space,Utility

Bathroom

  • Level: First

Bedroom1

  • Level: First

Bedroom2

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First

Family Room

  • Level: First

Features

  • Dry Bar,Stairs,Plumbing (Mixed),Ceiling Fan(s)
  • Window features: Skylight(s)
  • Flooring: Ceramic Tile,Hardwood,Carpet
  • Fireplace features: None
  • Finished area below ground: 550
  • Finished area above ground: 1,186

Heating & Cooling

  • Heating features: Natural Gas,Wood,Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 1,186
  • Total interior livable area: 1,736 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Property

Details

  • Parcel number: CRANM183L1271U
  • Zoning: A6
  • Other equipment: Cable TV,Wood Stove

Features

  • Fencing: Fenced
  • Waterfront features: Flood Insurance

Lot

  • Lot size: 4,791 sqft
  • Features: Corner Lot

Parking

  • Total spaces: 6
  • Parking features: Attached,Driveway
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,921$23,052
Home Insurance *$158$1,896
Property Taxes $430$5,160
Electricity $389$4,675
Total$2,898$34,776
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$99,360/yr
40% on housing$86,940/yr
45% on housing$77,280/yr

Rhode Island FAIR Plan Programs

Rhode Island Joint Reinsurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 16,029Commercial: 109
Total Premiums$36.73M
Total Exposure$6.14B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -2.5%
-2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$219This listing

vs Other Active Listings

Avg $/sqft

ZIP 02920$226
Providence County$248

vs Homes Sold Last Month

Median $/sqft

ZIP 02920$254
Providence County$271

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-07Contingent$379,999
2026-07-24Listed for sale$379,999

For Sale by Agent

AgentValerie Stadnik
BrokerageReal Broker, LLC

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