NOT LISTED FOR SALE

254 Spring St Block Island, RI 02807

Estimated Value: $1,346,860

3 Beds
1 Bath
950 Sq Ft
$1,418/Sq Ft Est. Value

Last Sold August 19, 2021

Last sale price $950,000 $1,000 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $7,885/month

54 Days on Market

Highlights

  • Marina
  • Deck
  • Tennis Courts
  • Water Views
  • Wood Flooring
  • Walking Distance to Water

About This Home

As of August 2021

Quintessential Block Island summer cottage with lots of charm and character is located in close proximity to Old Harbor, Crescent Beach, shopping and restaurants. Enjoy views of the sunrise over the Atlantic Ocean from the back deck or watch the world go by from the front porch. The cottage consists of 3 bedrooms, 1 bath, living room, dining room and eat-in kitchen all on one floor! Enclosed outdoor shower off the back deck is perfect for after the beach. The property is in the Residential C / Mixed Use Zone and the Town of New Shoreham's Historic District. Available for immediate occupancy - spend your summer on Block Island!

Last Listed By

Gail Hall

Ballard Hall Sales Group License #REB.0014378 Listed on: 05/26/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,970

Year Built

  • Built in 1922

Lot Details

  • 6,300 Sq Ft Lot
  • Property is zoned RCM

Home Design

  • Bungalow
  • Pillar, Post or Pier Foundation
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 950 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Water Views
  • Storm Windows

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 1 Parking Space
  • No Garage

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Porch

Utilities

  • No Cooling
  • No Heating
  • 100 Amp Service
  • Gas Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 254SPRINGSTNSHM

Community Details

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Additional Features

  • Old Harbor Subdivision
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,970

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1446
  • Subdivision Name: Old Harbor
  • Above Grade Finished Sq Ft: 950.0
  • Architectural Style: Bungalow
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1922
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater, Oven, Range, Refrigerator, Water Heater
  • Other Equipment: Satellite Dish
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower
  • Living Area: 950.0
  • Stories: 1
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Shingle Siding, Wood Siding
  • Exterior Features: Deck, Porch
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 1.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Marina, Near Schools, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6300.0
  • Parcel #: 254SPRINGSTNSHM
  • Zoning: RCM
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2970.0
  • Tax Lot: 11
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2021
Closed on
Aug 18, 2021
Sold by
Honan Frances J Est and Perry
Bought by
Ashworth William R
Seller's Agent
Gail Hall
Ballard Hall Sales Group
Buyer's Agent
Nancy Pike
Beach Real Estate
List Price
$995,000
Sold Price
$950,000
Premium/Discount to List
-$45,000
-4.52%
Total Days on Market
54
Current Estimated Value
$1,346,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,860
Avg. Annual Appreciation
7.57%
Original Mortgage
$692,000
Outstanding Balance
$645,305
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$600,907

Purchase Details

Closed on
May 1, 1983
Bought by
Honan Frank and Honan Frances

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
Ashworth William R $950,000 None Available
Honan Frank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ashworth William R $692,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2021 08/19/21 Sold $950,000 -4.5% $1,000 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $995,000 -- $1,047 / 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 $5,011 $907,700 $622,400 $285,300
2023 $5,464 $907,700 $622,400 $285,300
2022 $3,306 $466,960 $423,440 $43,520
2021 $3,129 $466,960 $423,440 $43,520
2020 $2,970 $466,960 $423,440 $43,520
2019 $2,876 $466,960 $423,440 $43,520
2018 $2,746 $461,520 $423,440 $38,080
2017 $2,705 $461,520 $423,440 $38,080
2016 $2,640 $461,520 $423,440 $38,080
2015 $3,190 $579,000 $529,300 $49,700
2014 $3,092 $579,000 $529,300 $49,700
2013 $3,017 $579,000 $529,300 $49,700
Source: Public Records

Agents Affiliated with this Home

  • Gail Hall

    Seller's Agent in 2021

    Gail Hall

    Ballard Hall Sales Group

    (401) 741-7001

    35 Total Sales

    Gail Hall
    Section Image

  • N

    Buyer's Agent in 2021

    Nancy Pike

    Beach Real Estate

    (401) 466-2312

    14 Total Sales

    Nancy Pike
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1283363

State-Wide MLS

APN: BLOC-000007-000000-000011

Rhode Island Washington County Block Island 02807

254 Spring St, Block Island, RI

Homes for Sale in Block Island, RI

This home is located at 254 Spring St, Block Island, RI 02807 since 26 May 2021 and is currently priced at $1,346,860, approximately $1,417 per square foot. This property was built in 1922. 254 Spring St is a home located in Washington County with nearby schools including Block Island School.

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