NOT LISTED FOR SALE

103 Chapel St Block Island, RI 02807

Estimated Value: $820,246 - $999,000

0.33 Acre
$2,844,171 Price per Acre
14,183 Sq Ft Lot

Last Sold January 23, 2024

Last sale price $735,000

Est. 26% increase in value since last sale

Current estimated payment $5,312/month

411 Days on Market

Highlights

  • Marina
  • Shops
  • 2-minute walk to Ocean View Park
  • Walking Distance to Water
  • Level Lot

About This Lot

As of January 2024

Last undeveloped parcel in Old Harbor area with over 100 feet of frontage on well travelled Chapel Street. This newly configured vacant lot with increased square footage since it's prior listing is just steps from downtown activity and commerce. Proposed architectural design plans, compatible with surrounding historic district, approved by Rhode Island Historic Preservation and Heritage Commission. CRMC approvals in place. Possibility of two residential units.

Last Listed By

Jennifer Phillips

Phillips Real Estate License #REB.0015012 Listed on: 10/21/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,261

Lot Details

  • 0.33 Acre Lot
  • Level Lot
  • Property is zoned OHC, Condominium,Multi-Family,Residential

Listing and Financial Details

  • Tax Lot 130-2
  • Assessor Parcel Number 103CHAPELSTNSHM

Community Details

Amenities

  • Shops

Recreation

  • Marina
  • Walking Distance to Water

Property Details

Property Type

Land

Est. Annual Taxes

$1,261

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.3256
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0

Exterior Features

  • Lot Features: Level
  • Topography: Level
  • Waterfront Features: Walk to Water

Utilities

  • Sewer: Storm Sewer
  • Utilities: Municipal Utilities, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Marina, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14183.0
  • Parcel #: 103CHAPELSTNSHM
  • Zoning Description: Condominium,Multi-Family,Residential
  • Zoning: OHC
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1261.21
  • Tax Lot: 130-2
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2022
Closed on
Jan 18, 2024
Sold by
Gobern Shirlyne J
Bought by
Andiamo Llc
Seller's Agent
Jennifer Phillips
Phillips Real Estate
Buyer's Agent
Leone Leone
List Price
$899,000
Sold Price
$735,000
Premium/Discount to List
-$164,000
-18.24%
Total Days on Market
411
Views
506
Current Estimated Value
$926,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,062
Avg. Annual Appreciation
21.57%
Original Mortgage
$500,000
Outstanding Balance
$494,074
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$451,582

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Andiamo Llc $735,000 None Available
Andiamo Llc $735,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andiamo Llc $500,000
Closed Andiamo Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2024 01/23/24 Sold $735,000 -9.8% --
12/07/2023 12/07/23 Pending -- -- --
08/25/2023 08/25/23 Price Changed $815,000 -4.0% --
05/30/2023 05/30/23 Price Changed $849,000 -5.6% --
10/21/2022 10/21/22 For Sale $899,000 -- --
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,138 $387,400 $387,400 $0
2023 $1,667 $276,900 $276,900 $0
2022 $1,333 $188,240 $188,240 $0
2021 $1,261 $188,240 $188,240 $0
2020 $1,197 $188,240 $188,240 $0
2019 $1,160 $188,240 $188,240 $0
2018 $1,087 $182,720 $182,720 $0
2017 $1,071 $182,720 $182,720 $0
2016 $1,074 $187,680 $182,720 $4,960
2015 $1,295 $235,000 $228,400 $6,600
2014 $1,255 $235,000 $228,400 $6,600
2013 $1,224 $235,000 $228,400 $6,600
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Phillips

    Seller's Agent in 2024

    Jennifer Phillips

    Phillips Real Estate

    (401) 466-8806

    32 Total Sales

    Jennifer Phillips
    Section Image

  • L

    Buyer's Agent in 2024

    Leone Leone

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Map

Source: State-Wide MLS

MLS Number: 1322732

State-Wide MLS

APN: BLOC-000006-000000-000130-000002

Rhode Island Washington County Block Island 02807

103 Chapel St, Block Island, RI

Homes for Sale in Block Island, RI

This home is located at 103 Chapel St, Block Island, RI 02807 since 21 October 2022 and is currently estimated at $926,062. 103 Chapel St is a home located in Washington County with nearby schools including Block Island School.

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