NOT LISTED FOR SALE

1052 Spring St Block Island, RI 02807

Estimated Value: $2,488,434 - $2,896,000

2 Beds
2.5 Baths
2,304 Sq Ft
$1,155/Sq Ft Est. Value

Last Sold November 21, 2022

Last sale price $2,120,000 $920 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $15,666/month

814 Days on Market

Highlights

  • Beach Front
  • 2 Car Detached Garage
  • Bathtub with Shower
  • Deck
  • Porch
  • Laundry Room

About This Home

As of November 2022

Amazing views of the Atlantic, breathtaking sunrises in the mornings and otherworldly visions of the moon rising from the horizon at sunset are complemented by the sound of crashing waves and rolling boulders. The sensory cocktail of ocean scents, bayberry and blackberry, gorgeous blooming flowers, apple trees and concord grapes are all apart of the once flourishing gardens which are awaiting their new owner. The lush vegetation of the rolling terrain has a soulful message for those who meandering through, peaceful nooks throughout the property offer a place of rest and calming ocean views. The open one-story floor plan with high vaulted ceilings and natural light flows with the mysterious landscape that abounds. When combined with the sounds and views, loved ones and friends, an atmosphere is created that can only be experienced firsthand and will never be forgotten by all who are fortunate enough to have access to this secluded property. Property is sold as is, inquire for additional details.

Last Listed By

Wendy Crawford

Compass / Lila Delman Compass License #RES.0028187 Listed on: 08/28/2020

Compass / Lila Delman Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,133

Year Built

  • Built in 1982

Lot Details

  • 2.3 Acre Lot
  • Beach Front
  • Property is zoned RA

Parking

  • 2 Car Detached Garage

Home Design

  • Fixer Upper
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Wood Siding
  • Shingle Siding
  • Plaster

Interior Spaces

  • 2-Story Property
  • Storage Room
  • Water Views

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Deck
  • Outbuilding
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Steam
  • 100 Amp Service
  • Well
  • Gas Water Heater
  • Septic Tank

Community Details

  • Cat Rock Cove Subdivision

Listing and Financial Details

  • Tax Lot 13-2
  • Assessor Parcel Number 1052SPRINGSTNSHM

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,133

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 2.2998
  • Subdivision Name: Cat Rock Cove
  • Above Grade Finished Sq Ft: 1267.0
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1982
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 1037.0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Tub Shower
  • Living Area: 2304.0
  • Dining Room Type: Bathroom, Laundry, Storage Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Front, Ocean Front, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Plaster, Wood Siding, Shingle Siding
  • Exterior Features: Deck, Porch
  • Foundation Details: Block, Pillar/Post/Pier
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Porch
  • Property Condition: Fixer

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 100178.0
  • Parcel #: 1052SPRINGSTNSHM
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 9133.44
  • Tax Lot: 13-2
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2020
Closed on
Nov 21, 2022
Sold by
Edward P Phillips Ret
Bought by
Meiser Daniel S and Meiser Jane
Seller's Agent
Wendy Crawford
Compass / Lila Delman Compass
Buyer's Agent
Julie Kiley
Block Island Realty
List Price
$2,900,000
Sold Price
$2,120,000
Premium/Discount to List
-$780,000
-26.9%
Total Days on Market
814
Views
152
Current Estimated Value
$2,660,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$540,109
Avg. Annual Appreciation
9.40%
Original Mortgage
$1,590,000
Outstanding Balance
$1,550,040
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,094,471

Purchase Details

Closed on
May 1, 1979
Bought by
Phillips Edward P and Phillips Dawn L

Range of Values:

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Average Value
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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
Meiser Daniel S $2,120,000 None Available
Phillips Edward P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meiser Daniel S $1,590,000
Previous Owner Phillips Edward P $100,000
Previous Owner Phillips Edward P $625,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2022 11/21/22 Sold $2,120,000 -18.5% $920 / Sq Ft
07/07/2022 07/07/22 Price Changed $2,600,000 -10.3% $1,128 / Sq Ft
08/28/2020 08/28/20 For Sale $2,900,000 -- $1,259 / Sq Ft
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 $11,020 $1,996,400 $1,394,700 $601,700
2023 $12,018 $1,996,400 $1,394,700 $601,700
2022 $9,651 $1,363,200 $1,162,160 $201,040
2021 $9,133 $1,363,200 $1,162,160 $201,040
2020 $8,670 $1,363,200 $1,162,160 $201,040
2019 $8,397 $1,363,200 $1,162,160 $201,040
2018 $8,416 $1,414,480 $1,162,160 $252,320
2017 $8,289 $1,414,480 $1,162,160 $252,320
2016 $8,091 $1,414,480 $1,162,160 $252,320
2015 $9,835 $1,785,000 $1,457,800 $327,200
2014 $9,532 $1,785,000 $1,457,800 $327,200
2013 $9,300 $1,785,000 $1,457,800 $327,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1262452

State-Wide MLS

APN: BLOC-000008-000000-000013-000002