NOT LISTED FOR SALE

1724 Corn Neck Rd New Shoreham, RI 02807

Estimated Value: $1,557,000 - $1,712,188

2 Beds
2 Baths
1,620 Sq Ft
$111/mo HOA Fee

Last Sold December 14, 2023

Last sale price $1,350,000 $833 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $9,507/month

198 Days on Market

Highlights

  • Beach Front
  • Water Access
  • Tennis Courts
  • Marina
  • Wood Flooring
  • Thermal Windows

About This Home

As of December 2023

Looking for the ultimate vacation spot on Block Island? Then look no further than this immaculate condo in the highly sought after location of Crescent Beach. Imagine days spent on the amazing sandy beaches just steps away from your home, nights admiring the twinkling lights of Old Harbor and don't forget the spectacular ocean views all day long! This condo has 2 plus bedrooms and 2 baths, with a beautifully renovated kitchen, gleaming hardwood floors and 3 levels of decks for outdoor entertaining and relaxation. Tastefully decorated and completely turnkey this property is a must see. Excellent rental history.

Last Agent to Sell the Property

Cindy Pappas

Sullivan Sotheby's Intl.Realty License #REB.0010926 Listed on: 05/29/2023

Sullivan Sotheby's Intl.Realty

Co-Listed By

Shannon Morgan

Sullivan Sotheby's Intl.Realty License #RES.0032068

Last Buyer's Agent

Gail Heinz

Sullivan Sotheby's Intl.Realty License #RES.0015359

Sullivan Sotheby's Intl.Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,627

Year Built

  • Built in 1989

Lot Details

  • 12.5

HOA Fees

  • $111 Monthly HOA Fees

Home Design

  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,620 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 2 Parking Spaces
  • No Garage
  • Assigned Parking

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Outdoor Grill

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • 220 Volts
  • Well
  • Oil Water Heater
  • Septic Tank

Additional Features

  • Beach Front
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 1724CORNNECKRDNSHM

Community Details

Overview

  • Association fees include ground maintenance
  • 21 Units
  • Crescent Beach Subdivision

Amenities

  • Shops

Recreation

  • Marina
  • Tennis Courts

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,627

Year Built

Built in 1989

Lot Details

0

HOA Fees

$111 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 12.5
  • Co List Office Mls Id: SURE
  • Co List Office Phone: 401-466-5521
  • Subdivision Name: Crescent Beach
  • Above Grade Finished Sq Ft: 1620.0
  • Building Name: Crescent Beach Condo's
  • Entry Level: 11
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1989
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Tub Shower
  • Living Area: 1620.0
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • Waterfront Features: Beach Access, Beach Front, Ocean Front, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Shingle Siding, Wood Siding
  • Exterior Features: Barbecue
  • Foundation Details: Concrete Perimeter

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: Circuit Breakers, 220 Volts
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 1330.57
  • Association Fee Frequency: Annually
  • Pets Allowed: Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Maintenance Grounds

Lot Info

  • Lot Size Sq Ft: 544500.0
  • Parcel #: 1724CORNNECKRDNSHM
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 21

Tax Info

  • Tax Annual Amount: 5627.2
  • Tax Lot: 13
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2023
Closed on
Dec 14, 2023
Sold by
Olin W Thompson Jr T W and Olin Thompson
Bought by
Morris Timothy and Morris Molly
Seller's Agent
Cindy Pappas
Sullivan Sotheby's Intl.Realty
Buyer's Agent
Gail Heinz
Sullivan Sotheby's Intl.Realty
List Price
$1,725,000
Sold Price
$1,350,000
Premium/Discount to List
-$375,000
-21.74%
Views
210
Current Estimated Value
$1,614,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,547
Avg. Annual Appreciation
11.10%
Original Mortgage
$945,000
Outstanding Balance
$931,589
Interest Rate
7.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$682,958

Purchase Details

Closed on
Jan 5, 2015
Sold by
Thompson Olin W
Bought by
Olin W Thompson Jr T W and Olin Thompson
Source: Public Records

Range of Values:

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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
Morris Timothy $135,000 None Available
Morris Timothy $135,000 None Available
Olin W Thompson Jr T W -- --
Olin W Thompson Jr T W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morris Timothy $945,000
Closed Morris Timothy $945,000
Previous Owner Thompson Olin $620,000
Previous Owner Thompson Olin $482,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Sold $1,350,000 -16.9% $833 / Sq Ft
08/07/2023 08/07/23 Price Changed $1,625,000 -5.8% $1,003 / Sq Ft
05/29/2023 05/29/23 For Sale $1,725,000 -- $1,065 / 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 $7,183 $1,301,300 $0 $1,301,300
2023 $7,834 $1,301,300 $0 $1,301,300
2022 $5,657 $799,040 $0 $799,040
2021 $5,354 $799,040 $0 $799,040
2020 $5,082 $799,040 $0 $799,040
2019 $4,922 $799,040 $0 $799,040
2018 $4,942 $830,560 $0 $830,560
2017 $4,867 $830,560 $0 $830,560
2016 $4,751 $830,560 $0 $830,560
2015 $6,423 $1,165,700 $0 $1,165,700
2014 $6,225 $1,165,700 $0 $1,165,700
2013 $6,148 $1,180,100 $0 $1,180,100
Source: Public Records

Agents Affiliated with this Home

  • Cindy Pappas

    Seller's Agent in 2023

    Cindy Pappas

    Sullivan Sotheby's Intl.Realty

    (401) 864-0996

    39 Total Sales

    Cindy Pappas
    Section Image
  • Shannon Morgan

    Seller Co-Listing Agent in 2023

    Shannon Morgan

    Sullivan Sotheby's Intl.Realty

    (401) 580-0521

    23 Total Sales

    Shannon Morgan
    Section Image
  • Gail Heinz

    Buyer's Agent in 2023

    Gail Heinz

    Sullivan Sotheby's Intl.Realty

    (401) 741-0149

    27 Total Sales

    Gail Heinz
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1336494

State-Wide MLS

APN: BLOC-000004-000013-000011

Rhode Island Washington County New Shoreham 02807

1724 Corn Neck Rd, New Shoreham, RI

This home is located at 1724 Corn Neck Rd, New Shoreham, RI 02807 since 29 May 2023 and is currently estimated at $1,614,547, approximately $996 per square foot. This property was built in 1989. 1724 Corn Neck Rd is a home located in Washington County with nearby schools including Block Island School.

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