NOT LISTED FOR SALE

288 Spring St Block Island, RI 02807

Estimated Value: $3,369,899 - $3,572,000

3 Beds
2 Baths
2,044 Sq Ft
$1,695/Sq Ft Est. Value

Last Sold August 16, 2023

Last sale price $3,300,000 $1,614 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $20,560/month

280 Days on Market

Highlights

  • Beach Front
  • Contemporary Architecture
  • Furnished
  • Water Access
  • Wood Flooring
  • Recreation Facilities

About This Home

As of August 2023

This waterfront retro-modern Block Island cottage sits on almost four acres and is the front row seat to the Atlantic Ocean. Arguably one of the best views on the Island, this elegant property has privacy and invites you to sit and rest while experiencing the uplifting sensations that only the ocean can provide. Built in 1967 and fully renovated, this 3-bedroom 2 bath home takes full advantage of its location. Fresh open inverted floor plan with a second-floor combined kitchen, living, dining and primary suite offers unparalleled, plunging views of the ocean. An exceptional home for outdoor entertaining with several elevated waterside decks, a well-appointed lower patio area, a cleared lawn, walking path and a custom designed fire pit area. All aspects of this home inside and out, take full advantage of beachfront living. Wake up to the colors of the Block Island sky for sunrise, fish, swim, surf, entertain, vacation. Do it all or just sit back and appreciate each mesmerizing wave and the peaceful privacy of waterfront living.

Last Agent to Sell the Property

Rosemary Tobin

Compass / Lila Delman Compass License #RES.0028817 Listed on: 11/08/2022

Co-Listed By

Emma Andy

Compass / Lila Delman Compass License #RES.0046875

Last Buyer's Agent

Rosemary Tobin

Compass / Lila Delman Compass License #RES.0028817 Listed on: 11/08/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,692

Year Built

  • Built in 1967

Lot Details

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

Parking

  • 2 Car Detached Garage

Home Design

  • Contemporary Architecture
  • Raised Ranch Architecture
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,044 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Skylights
  • Family Room
  • Storage Room
  • Utility Room
  • Water Views
  • Security System Owned

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Outdoor Grill

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Private Water Source
  • Well
  • Gas Water Heater
  • Septic Tank
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 59
  • Assessor Parcel Number 288SPRINGSTNSHM

Community Details

Recreation

  • Recreation Facilities

Additional Features

  • Southeast Subdivision
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,692

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3.34
  • Co List Office Mls Id: LILA05
  • Co List Office Phone: 401-466-8777
  • Subdivision Name: Southeast
  • Above Grade Finished Sq Ft: 2044.0
  • Architectural Style: Contemporary, Raised Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1967
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Other Equipment: Satellite Dish
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Skylights, Furnished
  • Living Area: 2044.0
  • Dining Room Type: Bathroom, Bedroom, Family Room, Laundry, Storage Room, Utility Room
  • Stories: 1
  • Window Features: Skylight(s)
  • 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, Shingle Siding
  • Exterior Features: Barbecue
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 7.0

Utilities

  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Near Schools, Recreation Area, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 145490.0
  • Parcel #: 288SPRINGSTNSHM
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 12692.46
  • Tax Lot: 59
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2022
Closed on
Aug 10, 2023
Sold by
Gorayeb Christopher J
Bought by
Abraham Edward P and Abraham Mindy M
Seller's Agent
Rosemary Tobin
Compass / Lila Delman Compass
Buyer's Agent
Rosemary Tobin
Compass / Lila Delman Compass
List Price
$3,995,000
Sold Price
$3,300,000
Premium/Discount to List
-$695,000
-17.4%
Total Days on Market
280
Views
611
Current Estimated Value
$3,463,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,966
Avg. Annual Appreciation
2.67%
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
Abraham Edward P $3,300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gorayeb Christopher J $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2023 08/16/23 Sold $3,300,000 -2.8% $1,614 / Sq Ft
06/13/2023 06/13/23 Price Changed $3,395,000 -15.0% $1,661 / Sq Ft
11/08/2022 11/08/22 For Sale $3,995,000 -- $1,955 / 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 $14,492 $2,625,400 $1,695,300 $930,100
2023 $15,805 $2,625,400 $1,695,300 $930,100
2022 $12,692 $1,792,720 $1,498,800 $293,920
2021 $12,011 $1,792,720 $1,498,800 $293,920
2020 $11,402 $1,792,720 $1,498,800 $293,920
2019 $11,043 $1,792,720 $1,498,800 $293,920
2018 $10,733 $1,803,920 $1,498,800 $305,120
2017 $10,571 $1,803,920 $1,498,800 $305,120
2016 $10,318 $1,803,920 $1,498,800 $305,120
2015 $12,470 $2,263,100 $1,873,500 $389,600
2014 $11,871 $2,223,000 $1,852,100 $370,900
2013 $10,649 $2,043,900 $1,852,100 $191,800
Source: Public Records

Agents Affiliated with this Home

  • Rosemary Tobin

    Seller's Agent in 2023

    Rosemary Tobin

    Compass / Lila Delman Compass

    (401) 741-1825

    61 Total Sales

    Rosemary Tobin
    Section Image

  • E

    Seller Co-Listing Agent in 2023

    Emma Andy

    Compass / Lila Delman Compass

    (860) 681-8889

    1 Total Sale

    Emma Andy
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1323499

State-Wide MLS

APN: BLOC-000008-000000-000059

Rhode Island Washington County Block Island 02807

288 Spring St, Block Island, RI

This home is located at 288 Spring St, Block Island, RI 02807 since 08 November 2022 and is currently estimated at $3,463,966, approximately $1,694 per square foot. This property was built in 1967. 288 Spring St is a home located in Washington County with nearby schools including Block Island School.

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