NOT LISTED FOR SALE

1605 Off Payne Rd Block Island, RI 02807

Estimated Value: $2,200,000 - $2,761,000

4 Beds
3 Baths
2,840 Sq Ft
$892/Sq Ft Est. Value

Last Sold December 28, 2017

Last sale price $1,450,000 $511 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $14,934/month

69 Days on Market

Highlights

  • Water Views
  • Deck
  • Private Lot
  • Guest House
  • Wood Burning Stove
  • Cathedral Ceiling

About This Home

As of December 2017

Perfect architect designed home for multiple generations with 300 degree ocean views south , west and north. Main house has open floor plan with living/dining/ kitchen and lots of light. A loft when you want a quiet nook and a Widow's walk to watch the sunsets and sunrises. Four bedrooms, 2 baths , 2 outdoor showers and laundry. Separate building connected by deck with master suite and bath, walk in closet, another loft, another outdoor shower and sitting area. Third space is a studio/ office/ stretch space. 3 Garages. Nine families at Sheffield Farm , all share 17.21 of open space . First section built in 1983, additions in 1990 and 2000:a loved and well maintained home. These original owners want to pass it on to another family who will enjoy it as much as they have.

Last Listed By

Susan Weissman

Sullivan Sotheby's Intl.Realty License #REB.0015149 Listed on: 09/19/2017

Sullivan Sotheby's Intl.Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,981

Year Built

  • Built in 1983

Lot Details

  • 0.6 Acre Lot
  • Private Lot
  • Secluded Lot
  • Property is zoned RA

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Cottage
  • Combination Foundation
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 2,840 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Dry Bar
  • Cathedral Ceiling
  • Skylights
  • Wood Burning Stove
  • Thermal Windows
  • Workshop
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Plywood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Walking Distance to Water
  • Balcony
  • Deck
  • Breezeway
  • Outdoor Grill
  • Porch

Additional Homes

  • Guest House

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Baseboard Heating
  • 200+ Amp Service
  • Well
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 020
  • Assessor Parcel Number 1605OffPayneRDNSHM

Community Details

Overview

  • Sheffield Farm Subdivision

Amenities

  • Shops

Recreation

  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,981

Year Built

Built in 1983

Lot Details

0

HOA Fees

$67 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.6
  • Subdivision Name: Sheffield Farm
  • Above Grade Finished Sq Ft: 2840.0
  • Architectural Style: Cabin/Cottage
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1983
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Other Equipment: Satellite Dish
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Plywood, Vinyl, Wood
  • Interior Amenities: Cathedral Ceiling(s), Dry Bar, Skylights, Tub Shower, Furnished, Wood Burning Stove
  • Living Area: 2840.0
  • Dining Room Type: Utility Room, Workshop
  • Stories: 3
  • Window Features: Skylight(s), Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Multiple lots, Private, Secluded
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Wood Siding, Shingle Siding
  • Exterior Features: Balcony, Breezeway, Deck, Porch, Barbecue
  • Foundation Details: Combination
  • Other Structures: Guest House
  • Patio And Porch Features: Balcony, Deck, Porch

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Gas, Propane, Wood
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Near Schools, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 800.0
  • Association Fee Frequency: Annually

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 26136.0
  • Parcel #: 1605OffPayneRDNSHM
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5981.0
  • Tax Lot: 020
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2017
Closed on
Dec 29, 2017
Sold by
Lynch John E and Lynch Helen C
Bought by
Greenaway Thomas D and Greenaway Sarah M
Seller's Agent
Susan Weissman
Sullivan Sotheby's Intl.Realty
Buyer's Agent
Cindy Pappas
Sullivan Sotheby's Intl.Realty
List Price
$1,575,000
Sold Price
$1,450,000
Premium/Discount to List
-$125,000
-7.94%
Total Days on Market
69
Current Estimated Value
$2,532,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,082,459
Avg. Annual Appreciation
7.87%
Original Mortgage
$1,000,000
Outstanding Balance
$853,835
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,678,624

Purchase Details

Closed on
Oct 1, 1982
Bought by
Lynch John E and Lynch Helen C

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
Greenaway Thomas D $1,667,500 --
Lynch John E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenaway Thomas D $75,000
Open Lynch John E $1,000,000
Previous Owner Lynch John E $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2017 12/28/17 Sold $1,450,000 -7.9% $511 / Sq Ft
11/28/2017 11/28/17 Pending -- -- --
09/19/2017 09/19/17 For Sale $1,575,000 -- $555 / 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 $9,929 $1,798,700 $807,300 $991,400
2023 $10,828 $1,798,700 $807,300 $991,400
2022 $7,918 $1,118,400 $717,840 $400,560
2021 $7,493 $1,118,400 $717,840 $400,560
2020 $7,000 $1,100,640 $717,840 $382,800
2019 $6,780 $1,100,640 $717,840 $382,800
2018 $6,074 $1,020,800 $612,400 $408,400
2017 $5,982 $1,020,800 $612,400 $408,400
2016 $5,839 $1,020,800 $612,400 $408,400
2015 $7,138 $1,295,400 $765,500 $529,900
2014 $6,917 $1,295,400 $765,500 $529,900
2013 $6,749 $1,295,400 $765,500 $529,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Susan Weissman

    Sullivan Sotheby's Intl.Realty

    (401) 466-5521

    13 Total Sales

    Susan Weissman
    Section Image
  • Cindy Pappas

    Buyer's Agent in 2017

    Cindy Pappas

    Sullivan Sotheby's Intl.Realty

    (401) 864-0996

    44 Total Sales

    Cindy Pappas
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1173732

State-Wide MLS

APN: BLOC-000009-000000-000020-F000000

Rhode Island Washington County Block Island 02807

1605 Off Payne Rd, Block Island, RI

Homes for Sale in Block Island, RI

This home is located at 1605 Off Payne Rd, Block Island, RI 02807 since 19 September 2017 and is currently estimated at $2,532,459, approximately $891 per square foot. This property was built in 1983. 1605 Off Payne Rd is a home located in Washington County with nearby schools including Block Island School.

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