NOT LISTED FOR SALE

283 Spring St Block Island, RI 02807

Estimated Value: $2,611,141 - $2,910,000

3 Beds
2 Baths
2,660 Sq Ft
$1,040/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $1,575,000 $592 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $15,510/month

46 Days on Market

Highlights

  • Beach Front
  • Wine Cellar
  • Cathedral Ceiling
  • Water Access
  • Antique Architecture
  • Wood Flooring

About This Home

As of December 2017

Historic waterfront cottage, meticulously renovated in 2008. Views to north and east. Solar heating hot water. Easy walk to town. Kayak out the front door.

Last Agent to Sell the Property

Susan Weissman

Sullivan Sotheby's Intl.Realty License #REB.0015149 Listed on: 09/29/2017

Sullivan Sotheby's Intl.Realty

Last Buyer's Agent

Chelsea Phelan Redd

Ballard Hall Sales Group License #RES.0033813

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,738

Year Built

  • Built in 1920

Lot Details

  • 0.79 Acre Lot
  • Beach Front
  • Property is zoned RA

Home Design

  • Antique Architecture
  • Combination Foundation
  • Shingle Siding
  • Plaster

Interior Spaces

  • 2,660 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Thermal Windows
  • Wine Cellar
  • Utility Room
  • Wood Flooring
  • Water Views
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 2 Parking Spaces
  • No Garage

Eco-Friendly Details

  • Solar Water Heater

Outdoor Features

  • Water Access
  • Walking Distance to Water

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • 200+ Amp Service
  • Well
  • Septic Tank
  • Satellite Dish

Community Details

  • Spring St Subdivision
  • Shops

Listing and Financial Details

  • Tax Lot 078
  • Assessor Parcel Number 283SpringSTNSHM

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,738

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.7912
  • Subdivision Name: Spring St
  • Above Grade Finished Sq Ft: 2660.0
  • Architectural Style: Historic/Antique
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1920
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Solar Hot Water, Washer
  • Other Equipment: Satellite Dish
  • Has Basement: Partial, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Attic, Cathedral Ceiling(s), Tub Shower, Wine Cellar
  • Living Area: 2660.0
  • Dining Room Type: Utility Room, Wine Cellar
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Ocean Front, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Plaster, Shingle Siding
  • Foundation Details: Combination

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 34463.0
  • Parcel #: 283SpringSTNSHM
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 8738.0
  • Tax Lot: 078
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2017
Closed on
Dec 18, 2017
Sold by
Taber George M and Taber Jean B
Bought by
Horan John G and Horan Rachel
Seller's Agent
Susan Weissman
Sullivan Sotheby's Intl.Realty
Buyer's Agent
Chelsea Phelan Redd
Ballard Hall Sales Group
List Price
$1,595,000
Sold Price
$1,575,000
Premium/Discount to List
-$20,000
-1.25%
Current Estimated Value
$2,767,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,192,380
Avg. Annual Appreciation
7.33%
Original Mortgage
$825,000
Outstanding Balance
$687,696
Interest Rate
3.38%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,045,036
Source: Public Records

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
Horan John G $1,575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horan John G $825,000
Previous Owner Horan John G $202,000
Previous Owner Horan John G $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2017 12/15/17 Sold $1,575,000 -1.3% $592 / Sq Ft
11/15/2017 11/15/17 Pending -- -- --
09/29/2017 09/29/17 For Sale $1,595,000 -- $600 / 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 $10,050 $1,820,600 $1,170,300 $650,300
2023 $10,960 $1,820,600 $1,170,300 $650,300
2022 $9,261 $1,308,000 $1,040,400 $267,600
2021 $8,764 $1,308,000 $1,040,400 $267,600
2020 $8,319 $1,308,000 $1,040,400 $267,600
2019 $8,057 $1,308,000 $1,040,400 $267,600
2018 $8,872 $1,491,120 $1,194,960 $296,160
2017 $8,738 $1,491,120 $1,194,960 $296,160
2016 $8,529 $1,491,120 $1,194,960 $296,160
2015 $10,319 $1,872,700 $1,493,700 $379,000
2014 $10,024 $1,877,100 $1,493,700 $383,400
2013 $9,780 $1,877,100 $1,493,700 $383,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Susan Weissman

    Sullivan Sotheby's Intl.Realty

    (401) 466-5521

    12 Total Sales

    Susan Weissman
    Section Image

  • C

    Buyer's Agent in 2017

    Chelsea Phelan Redd

    Ballard Hall Sales Group

    (401) 258-5383

    3 Total Sales

    Chelsea Phelan Redd
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1173758

State-Wide MLS

APN: BLOC-000008-000000-000078

Rhode Island Washington County Block Island 02807

283 Spring St, Block Island, RI

This home is located at 283 Spring St, Block Island, RI 02807 since 29 September 2017 and is currently estimated at $2,767,380, approximately $1,040 per square foot. This property was built in 1920. 283 Spring St is a home located in Washington County with nearby schools including Block Island School.

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