NOT LISTED FOR SALE

1623 Payne Rd Block Island, RI 02807

Estimated Value: $1,450,000 - $1,770,000

3 Beds
3 Baths
1,728 Sq Ft
$945/Sq Ft Est. Value

Last Sold October 18, 2023

Last sale price $1,257,000 $727 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $9,515/month

145 Days on Market

Highlights

  • Water Views
  • Cathedral Ceiling
  • Attic
  • Colonial Architecture
  • Wood Flooring
  • Skylights

About This Home

As of October 2023

Picturesque 1.1 acre lot off Payne Road. This Sands Pond cluster 6 home subdivision boasts approximately 7 acres of shared open space and abuts conservation land as well. Centrally located in close proximity to Old Harbor, Mohegan Bluffs and Southeast Lighthouse. This charming island home offers an upside-down floor plan featuring an open kitchen, living, dining, den and full bath. The first floor has 3 bedrooms, 2 of which are primary with en-suite bathrooms. The main floor has high ceilings with beautifully exposed beams and skylights letting in exceptional light and gleaming hardwood floors throughout. Multiple decks allow for outdoor dining and relaxing, taking full advantage of the lovely island and distant ocean views. Spacious yard with pretty plantings, mature trees and tidy landscaping. Some additional benefits include a backyard shed to provide for overflow guests or additional storage. Integral one car garage, large basement with plenty of room for toys or equipment. This house is a must see, so much potential and promise as well as a great capacity for rental income.

Last Listed By

Shannon Morgan

Sullivan Sotheby's Intl.Realty License #RES.0032068 Listed on: 04/24/2023

Sullivan Sotheby's Intl.Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,701

Year Built

  • Built in 1993

Lot Details

  • Property is zoned RB

Parking

  • 1 Car Attached Garage

Home Design

  • Colonial Architecture
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,728 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • Gas Fireplace
  • Water Views
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater
  • Septic Tank
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 19-2
  • Assessor Parcel Number 1623PAYNERDNSHM

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,701

Year Built

Built in 1993

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Co List Office Mls Id: SURE
  • Co List Office Phone: 401-466-5521
  • Above Grade Finished Sq Ft: 1728.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1993
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Other Equipment: Satellite Dish
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Bathtub, Cathedral Ceiling(s), Skylights, Tub Shower, Cable TV
  • Living Area: 1728.0
  • Stories: 2
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • View: Water
  • View: Yes
  • Construction Type: Drywall, Shingle Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Built In
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1.13
  • Parcel #: 1623PAYNERDNSHM
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4701.12
  • Tax Lot: 19-2
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2023
Closed on
Oct 18, 2023
Sold by
Kelly Eamon
Bought by
Ccad T T and Ccad Grant
Seller's Agent
Shannon Morgan
Sullivan Sotheby's Intl.Realty
Buyer's Agent
Gail Heinz
Sullivan Sotheby's Intl.Realty
List Price
$1,399,000
Sold Price
$1,257,000
Premium/Discount to List
-$142,000
-10.15%
Total Days on Market
145
Views
605
Current Estimated Value
$1,632,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,600
Avg. Annual Appreciation
17.41%
Original Mortgage
$60,000
Outstanding Balance
$59,353
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,552,692

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
Ccad T T $125,700 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ccad T T $60,000
Previous Owner Kelly Damon $530,500
Previous Owner Kelly Damon $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2023 10/18/23 Sold $1,257,000 -6.9% $727 / Sq Ft
09/16/2023 09/16/23 Pending -- -- --
07/26/2023 07/26/23 Price Changed $1,350,000 -3.5% $781 / Sq Ft
04/24/2023 04/24/23 For Sale $1,399,000 -- $810 / 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 $5,571 $1,009,300 $501,900 $507,400
2023 $6,028 $1,001,300 $501,900 $499,400
2022 $4,701 $664,000 $445,920 $218,080
2021 $4,449 $664,000 $445,920 $218,080
2020 $4,223 $664,000 $445,920 $218,080
2019 $4,090 $664,000 $445,920 $218,080
2018 $4,142 $696,160 $444,080 $252,080
2017 $4,079 $696,160 $444,080 $252,080
2016 $3,982 $696,160 $444,080 $252,080
2015 $4,858 $881,700 $555,100 $326,600
2014 $4,708 $881,700 $555,100 $326,600
2013 $4,594 $881,700 $555,100 $326,600
Source: Public Records

Agents Affiliated with this Home

  • Shannon Morgan

    Seller's Agent in 2023

    Shannon Morgan

    Sullivan Sotheby's Intl.Realty

    (401) 580-0521

    24 Total Sales

    Shannon Morgan
    Section Image

  • L

    Seller Co-Listing Agent in 2023

    Laurel Littlefield

    Ballard Hall Sales Group

    (401) 741-4953

    4 Total Sales

    Laurel Littlefield
    Section Image
  • Gail Heinz

    Buyer's Agent in 2023

    Gail Heinz

    Sullivan Sotheby's Intl.Realty

    (401) 466-5951

    31 Total Sales

    Gail Heinz
    Section Image
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Map

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Source: State-Wide MLS

MLS Number: 1333940

State-Wide MLS

APN: BLOC-000010-000000-000019-000002

Rhode Island Washington County Block Island 02807

1623 Payne Rd, Block Island, RI

Homes for Sale in Block Island, RI

This home is located at 1623 Payne Rd, Block Island, RI 02807 since 24 April 2023 and is currently estimated at $1,632,600, approximately $944 per square foot. This property was built in 1993. 1623 Payne Rd is a home located in Washington County with nearby schools including Block Island School.

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