1623 Payne Rd Block Island, RI 02807
Estimated Value: $1,458,000 - $1,826,000
3
Beds
3
Baths
1,728
Sq Ft
$960/Sq Ft
Est. Value
Highlights
- Water Views
- Cathedral Ceiling
- Attic
- Colonial Architecture
- Wood Flooring
- Skylights
About This Home
As of October 2023Picturesque 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 Agent to Sell the Property
Sullivan Sotheby's Intl.Realty License #RES.0032068 Listed on: 04/24/2023
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
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%
Views
605
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,257
Avg. Annual Appreciation
16.42%
Original Mortgage
$60,000
Outstanding Balance
$59,144
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,573,456
Similar Homes in Block Island, RI
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Home Values in the Area
Average Home Value in this Area
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
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
-
Laurel Littlefield
L
Seller Co-Listing Agent in 2023
Laurel Littlefield
Ballard Hall Sales Group
(401) 741-4953
4 Total Sales
-
Gail Heinz
Buyer's Agent in 2023
Gail Heinz
Sullivan Sotheby's Intl.Realty
(401) 466-5951
30 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1333940
APN: BLOC-000010-000000-000019-000002
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