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38 Steeple Ln, Lincoln, RI, 02865

5beds
4baths
5,156sqft
$1,450,000
$281price/sqft
$10,548/moest. monthly cost
$421,920/yrincome needed

About This Home

This home is truly unlike anything else on the market. Welcome to 38 Steeple Lane, set on a manicured 2.28-acre lot offering exceptional privacy and ample space for entertaining. Located in the highly sought-after Somerset Farms neighborhood in Lincoln, this brick-front Colonial offers over 5,000 square feet of thoughtfully designed living space. The main level features an elegant open-concept layout with a spacious modern kitchen, dining area, and living room anchored by a gas fireplace. In addition to the open living space, the first floor also includes a formal dining room, formal sitting room, and a convenient half bath. Sliders lead to a full rear deck overlooking the expansive grounds, complete with an 8-zone sprinkler system servicing the entire lawn. A grand staircase leads to the second floor, where the primary suite features an en-suite bath with a two-person jetted tub. Two additional bedrooms offer walk-in closets, while another oversized bedroom includes an attached sitting area or office space. An additional full bathroom completes the upper level. The fully finished walkout lower level includes a private in-law suite with new appliances, two bedrooms, a full bathroom, and a separate bonus room ideal for a dressing room, gym, or storage. Additional upgrades include a Navien heating system, central air, owned solar panels, a three-car garage, and a large detached shed with carpeted bonus space perfect for a workshop, den, or retreat.

Getting Around

4
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

7/10
Lincoln Middle SchoolGrades 6-82.0 mi
9/10

Construction

Condition

  • Year built: 2001

Materials

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

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial,Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full,Walk-Out Access,Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Flooring: Ceramic Tile,Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 5,156

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 5,156
  • Total interior livable area: 5,156 sqft

Property

Details

  • Parcel number: LINCM45L3720U

Lot

  • Lot size: 2.28 Acres

Parking

  • Total spaces: 13
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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

  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Hurricane
Heat Wave
Ice Storm
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 $7,331$87,972
Home Insurance *$562$6,744
Property Taxes $1,605$19,260
Electricity $1,050$12,600
Total$10,548$126,576
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$361,645/yr
40% on housing$316,440/yr
45% on housing$281,280/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

$281This listing

vs Other Active Listings

Avg $/sqft

ZIP 02865$273
Providence County$248

vs Homes Sold Last Month

Median $/sqft

ZIP 02865$272
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
2026-07-21Listed for sale$1,450,000
2026-07-21Listing removed$1,450,000
2026-05-26Listed for sale$1,450,000
2022-08-26Sold$1,050,000
2022-07-20Pending sale$1,050,000
2022-07-12Listed for sale$1,050,000
2015-02-25Sold$579,400
2014-08-31Listing removed$599,900
2014-08-28Price change$599,900
2014-08-15Price change$599,400
2014-07-09Price change$599,900
2014-06-26Price change$599,400
2013-09-15Price change$599,900
2013-05-30Price change$619,000
2013-05-03Listed for sale$639,900
2012-10-02Listing removed$599,000
2012-03-14Price change$599,000
2011-10-19Listed for sale$674,000
2002-03-27Sold$420,000

For Sale by Agent

AgentMichael Caparco
BrokerageKeller Williams Coastal

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