NOT LISTED FOR SALE

245 Southeast Rd Block Island, RI 02807

Estimated Value: $1,844,632

4 Beds
2 Baths
1,268 Sq Ft
$1,455/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $830,000 $655 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $10,898/month

8 Days on Market

Highlights

  • Water Views
  • Cape Cod Architecture
  • Walking Distance to Water
  • Under Construction
  • Plywood Flooring
  • 1 Car Attached Garage

About This Home

As of May 2021

This property is being SOLD AS IS. The structure is a "shell" with studs visible on the second floor. New foundation poured in October 2004 and first floor of structure was moved from Mohegan Trail in October 2004. Second floor construction and Cape-style roof system was started in late October 2004. Building permits were obtained. In August 2005, an electrical permit was obtained to bring service to the structure. There is an approved 4-bedroom ISDS for a AX20 Advantex system issued by the RI Dept. of Environmental Management. The system has never been used. There is a drilled well near the eastern boundary which has never been used. There are ocean views to the northeast as well as views of Clayhead, Crescent Beach, the entrance to Old Harbor and the mainland. Walking access to a rocky beach at the end of the lane abutting property. The property is being sold by a Trust and the Trustee has never been in the structure. All information provided comes from the Town of New Shoreham Building Official's office and the Trustee has no knowledge if the information is correct.

Last Agent to Sell the Property

Michele Phelan

Ballard Hall Sales Group License #RES.0012286 Listed on: 04/08/2021

Last Buyer's Agent

Nancy Pike

Beach Real Estate License #REB.0016220

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,163

Year Built

  • Built in 2004 | Under Construction

Lot Details

  • 0.96 Acre Lot
  • Property is zoned RA

Parking

  • 1 Car Attached Garage

Home Design

  • Cape Cod Architecture
  • Fixer Upper
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,268 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Utility Room
  • Plywood Flooring
  • Water Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Outdoor Features

  • Walking Distance to Water

Utilities

  • No Cooling
  • No Heating
  • Private Water Source
  • Well
  • No Hot Water
  • Septic Tank

Community Details

  • Southeast Subdivision

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 245SOUTHEASTRDNSHM

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,163

Year Built

Built in 2004 | Under Construction

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.9552
  • Subdivision Name: Southeast
  • Above Grade Finished Sq Ft: 1268.0
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Building Stories: 2
  • Year Built: 2004
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 4098
  • Stories: 2

Interior Features

  • Appliances: No Hot Water
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Plywood/Composite
  • Interior Amenities: Bathroom Rough-In, Bathtub, Tub Shower
  • Living Area: 1268.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Shingle Siding
  • Foundation Details: Concrete Perimeter
  • Property Condition: Under Construction, Fixer

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Built In
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Sewer: Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 41610.0
  • Parcel #: 245SOUTHEASTRDNSHM
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6163.09
  • Tax Lot: 36
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
May 14, 2021
Sold by
Gwendolyn M Hart Ft and Male
Bought by
Conant James A and Beickler Sophie
Seller's Agent
Michele Phelan
Ballard Hall Sales Group
Buyer's Agent
Nancy Pike
Beach Real Estate
List Price
$850,000
Sold Price
$830,000
Premium/Discount to List
-$20,000
-2.35%
Total Days on Market
8
Current Estimated Value
$1,844,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,014,632
Avg. Annual Appreciation
21.56%
Original Mortgage
$750,000
Outstanding Balance
$686,865
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,171,861

Purchase Details

Closed on
Feb 27, 2017
Sold by
Woods Robert R and Block Island Town Of
Bought by
Gwendolyn Hart Ft

Purchase Details

Closed on
Oct 18, 2010
Sold by
Hart Gwendolyn M
Bought by
Hart Gwendolyn M

Purchase Details

Closed on
Aug 23, 2010
Sold by
Jacobsen John A
Bought by
Hart Gwendolyn M
Source: Public Records

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Range of Values:

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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
Conant James A $830,000 None Available
Gwendolyn Hart Ft $16,130 --
Hart Gwendolyn M -- --
Hart Gwendolyn M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Conant James A $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2021 05/17/21 Sold $830,000 -2.4% $655 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $850,000 -- $670 / 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 $9,111 $1,650,600 $992,100 $658,500
2023 $9,937 $1,650,600 $992,100 $658,500
2022 $6,936 $979,600 $880,640 $98,960
2021 $6,493 $969,040 $880,640 $88,400
2020 $6,163 $969,040 $880,640 $88,400
2019 $5,969 $969,040 $880,640 $88,400
2018 $5,754 $967,120 $872,240 $94,880
2017 $5,667 $967,120 $872,240 $94,880
2016 $5,532 $967,120 $872,240 $94,880
2015 $6,661 $1,208,900 $1,090,300 $118,600
2014 $6,456 $1,208,900 $1,090,300 $118,600
2013 $6,298 $1,208,900 $1,090,300 $118,600
Source: Public Records

Agents Affiliated with this Home

  • Michele Phelan

    Seller's Agent in 2021

    Michele Phelan

    Ballard Hall Sales Group

    (401) 741-6577

    14 Total Sales

    Michele Phelan
    Section Image

  • N

    Buyer's Agent in 2021

    Nancy Pike

    Beach Real Estate

    (401) 466-2312

    14 Total Sales

    Nancy Pike
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1279597

State-Wide MLS

APN: BLOC-000008-000000-000036

Rhode Island Washington County Block Island 02807

245 Southeast Rd, Block Island, RI

This home is located at 245 Southeast Rd, Block Island, RI 02807 since 08 April 2021 and is currently priced at $1,844,632, approximately $1,454 per square foot. This property was built in 2004. 245 Southeast Rd is a home located in Washington County with nearby schools including Block Island School.

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