1 Elizabeth Lane Cranston, RI 02921
Other Residential
MLS #: 1377894
Courtesy Of Northeast Realty Asssociates
$595,000
4.8 acres
Print property details
Share
Estimated monthly payments:
$2,601/mo.* (recalculate)
Property InformationDescription
Rare Opportunity in Western Cranston!
This exclusive 4.80-acre lot is part of a private five-lot development, ideal for those seeking privacy and space. The property includes a 1,500-square-foot dwelling, offering several unique advantages:
1. The dwelling has the potential to be converted into a legal ADU because the development can offer the dwelling its own sewer line connection, which is a requirement for ADU approval.
2. The dwelling can provide rental income for the owner
3. The dwelling allows the buyer to secure a conventional mortgage.
4. The buyer can live in the dwelling while building their dream home and obtain a construction loan, which can later be consolidated with the original mortgage.
5. The dwelling can generate future rental income to help offset the mortgage payment.
6. The purchase contract can be made contingent on city approval for the ADU conversion.
Nestled in a prime location in a rural area of western Cranston, each spacious lot features underground utilities, including sewer, electrical, and cable. Road installation in May 2025 secure your future home site now.
NOTE: Homes depicted on plans are for display only. Homes can be built up to 100' off the road.
This exclusive 4.80-acre lot is part of a private five-lot development, ideal for those seeking privacy and space. The property includes a 1,500-square-foot dwelling, offering several unique advantages:
1. The dwelling has the potential to be converted into a legal ADU because the development can offer the dwelling its own sewer line connection, which is a requirement for ADU approval.
2. The dwelling can provide rental income for the owner
3. The dwelling allows the buyer to secure a conventional mortgage.
4. The buyer can live in the dwelling while building their dream home and obtain a construction loan, which can later be consolidated with the original mortgage.
5. The dwelling can generate future rental income to help offset the mortgage payment.
6. The purchase contract can be made contingent on city approval for the ADU conversion.
Nestled in a prime location in a rural area of western Cranston, each spacious lot features underground utilities, including sewer, electrical, and cable. Road installation in May 2025 secure your future home site now.
NOTE: Homes depicted on plans are for display only. Homes can be built up to 100' off the road.
Features
- Architecture Style: Other
- Lot Size: 4.8 Acres
VIDEOS AND TOURS
MAP & DIRECTIONS
School Information
1 Elizabeth Lane, Cranston, RI 02921
Elementary School
Grades PK-5 |
Public School
ORCHARD FARMS ELEMENTARY SCHOOL
Cranston, RI 02921
1555 Scituate Ave
401.270.8801
Distance: 1.6 mi
School Rating
B
Student:Teacher Ratio
16:1
Total Students
451
Middle School
Grades 6-8 |
Public School
HOPE HIGHLANDS MIDDLE SCHOOL
Cranston, RI 02921
300 Hope Rd
401.270.8148
Distance: 1.2 mi
School Rating
B+
Student:Teacher Ratio
13:1
Total Students
357
High School
Grades 9-12 |
Public School
CRANSTON HIGH SCHOOL WEST
Cranston, RI 02920
80 Metropolitan Ave
401.270.8049
Distance: 3.1 mi
School Rating
B-
Student:Teacher Ratio
16:1
Total Students
1629
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Hope School | 2.0 mi | Public | KG-5 | C+ |
| Wakefield Hills Elementary School | 2.5 mi | Public | PK-4 | D |
| Oak Lawn Elementary School | 2.5 mi | Public | KG-5 | B |
| St Joseph School | 2.8 mi | Private | PK-8 | |
| John F. Horgan School | 2.8 mi | Public | KG-4 | C- |
| Islamic School Of Rhode Island | 2.9 mi | Private | PK-8 | |
| Blackrock School | 3.0 mi | Public | KG-5 | C+ |
| Western Hills Middle School | 3.2 mi | Public | 6-8 | B |
| Cranston Career & Tech Center | 3.2 mi | Public | 10-12 | |
| West Warwick High School | 3.2 mi | Public | 9-12 | C |
| John F. Deering Middle School | 3.2 mi | Public | 5-8 | D+ |
| Glen Hills Elementary School | 3.3 mi | Public | PK-5 | C- |
| Stone Hill Elementary School | 3.4 mi | Public | PK-5 | B+ |
| Miss Lee Anns Early Learning Center | 3.4 mi | Private | PK-KG | |
| George J. Peters Elementary School | 3.7 mi | Public | KG-5 | D+ |
| Nel/cps Construction Career | 3.8 mi | Public | 9-12 | D- |
| Dcyf Alternative Education Program | 3.8 mi | Public | 8-12 |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Cranston, RI 02921
| Median Age: | 43.7 |
|---|---|
| Married: | 68% |
| Number of Households: | 4,535 |
| Households with Children: | 31% |
Cranston, RI 02921
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
