NOT LISTED FOR SALE

1299 Ocean Ave Block Island, RI 02807

Estimated Value: $1,096,000 - $1,260,000

2 Beds
1 Bath
864 Sq Ft
$1,321/Sq Ft Est. Value

Last Sold October 04, 2023

Last sale price $960,000 $1,111 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $6,765/month

429 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Bathtub with Shower
  • Water Access
  • Cottage
  • Baseboard Heating

About This Home

As of October 2023

This island cottage with a strong rental history is a classic beach house tucked between the Great Salt Pond and Trim's Pond, allowing for water views all around. Built in 2000 with recently updated flooring and a brand new boiler, this house is a perfect landing pad for all Block Island has to offer. Lovingly maintained, it boasts 2 bedrooms, a spacious living and kitchen area, and a newly tiled bathroom with a walk-in shower. An inviting front porch flanked with hydrangeas adorns the entry of the house, which is the perfect place to sit, unwind, and watch the sunsets over Great Salt Pond. With close proximity to New Harbor, the beaches, and town, this home lends to an easy lifestyle of biking or walking to everything you need on Block Island! Come and see what life on the water could like like for you.

Last Listed By

Jennifer Phillips

Phillips Real Estate License #REB.0015012 Listed on: 07/14/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,279

Year Built

  • Built in 2000

Lot Details

  • 8,276 Sq Ft Lot
  • Property is zoned Mixed

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Shingle Siding

Interior Spaces

  • 864 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Water Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 2 Parking Spaces
  • No Garage

Outdoor Features

  • Water Access
  • Walking Distance to Water

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • New Harbor Subdivision

Listing and Financial Details

  • Tax Lot 95
  • Assessor Parcel Number 1299OCEANAVNSHM

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,279

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.19
  • Subdivision Name: New Harbor
  • Above Grade Finished Sq Ft: 864.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2000
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower
  • Living Area: 864.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Water Access, Walk to Water
  • Construction Type: Drywall, Shingle Siding
  • Foundation Details: Pillar/Post/Pier

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8276.0
  • Parcel #: 1299OCEANAVNSHM
  • Zoning: Mixed
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4279.0
  • Tax Lot: 95
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Sep 29, 2023
Sold by
Jane C Gustafson Lt and Gustafson
Bought by
Brakefield William H
Seller's Agent
Jennifer Phillips
Phillips Real Estate
Buyer's Agent
Abigail Duarte
Sullivan Sotheby's Intl.Realty
List Price
$995,000
Sold Price
$960,000
Premium/Discount to List
-$35,000
-3.52%
Total Days on Market
429
Views
3208
Current Estimated Value
$1,141,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,523
Avg. Annual Appreciation
10.73%

Purchase Details

Closed on
Dec 21, 2012
Sold by
Gustafson Charles M and Gustafson Jane C
Bought by
Gustafson Charles M and Gustafson Jane C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2010
Sold by
Gustafson Charles and Gustafson Jane
Bought by
Gustafson Charles and Gustafson Jane

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
Brakefield William H $960,000 None Available
Gustafson Charles M -- --
Gustafson Charles M -- --
Gustafson Charles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gustafson Charles M $410,000
Previous Owner Gustafson Charles M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2023 10/04/23 Sold $960,000 -3.5% $1,111 / Sq Ft
09/17/2023 09/17/23 Pending -- -- --
07/15/2023 07/15/23 For Sale $995,000 +3.6% $1,152 / Sq Ft
07/14/2023 07/14/23 Off Market $960,000 -- --
07/14/2022 07/14/22 For Sale $995,000 -- $1,152 / 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 $5,228 $947,100 $582,200 $364,900
2023 $5,702 $947,100 $582,200 $364,900
2022 $4,522 $638,720 $517,520 $121,200
2021 $4,279 $638,720 $517,520 $121,200
2020 $4,062 $638,720 $517,520 $121,200
2019 $3,935 $638,720 $517,520 $121,200
2018 $3,592 $603,680 $460,000 $143,680
2017 $3,538 $603,680 $460,000 $143,680
2016 $3,453 $603,680 $460,000 $143,680
2015 $4,193 $760,900 $575,000 $185,900
2014 $4,063 $760,900 $575,000 $185,900
2013 $3,964 $760,900 $575,000 $185,900
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Phillips

    Seller's Agent in 2023

    Jennifer Phillips

    Phillips Real Estate

    (401) 466-8806

    32 Total Sales

    Jennifer Phillips
    Section Image

  • A

    Buyer's Agent in 2023

    Abigail Duarte

    Sullivan Sotheby's Intl.Realty

    (774) 644-9744

    1 Total Sale

    Abigail Duarte
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1315193

State-Wide MLS

APN: BLOC-000005-000000-000095

Rhode Island Washington County Block Island 02807

1299 Ocean Ave, Block Island, RI

Homes for Sale in Block Island, RI

This home is located at 1299 Ocean Ave, Block Island, RI 02807 since 14 July 2022 and is currently estimated at $1,141,523, approximately $1,321 per square foot. This property was built in 2000. 1299 Ocean Ave is a home located in Washington County with nearby schools including Block Island School.

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