NOT LISTED FOR SALE

33 Ocean Ave Unit 2 New Shoreham, RI 02807

Studio
1 Bath
1,100 Sq Ft
$650/mo HOA Fee

Last Sold October 22, 2022

Last sale price $630,000 $573 Per Sq Ft

63 Days on Market

Highlights

  • Marina
  • Walking Distance to Water
  • Restaurant
  • Water Views
  • Bathtub with Shower
  • Hot Water Heating System

About This Home

As of October 2022

The Albion Unit #2, permitted to be used as either Commercial or residential. Currently the home of The Cracked Mug cafe, this 1,100 sq. Ft. condominium may also be converted into a residential unit! Run your business in a fabulous downtown location or enjoy this space as a private home. Large, private deck for watching the activities on the street below or long summer sunsets. Includes 2 designated parking spaces. Current lessee will vacate with 30 day notice. Shown by appointment.

Last Agent to Sell the Property

Robin Lewis Vila

Ballard Hall Sales Group License #REB.0018194 Listed on: 07/14/2022

Last Buyer's Agent

Rosemary Tobin

Lila Delman Compass License #RES.0028817

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,748

Year Built

  • Built in 1954

HOA Fees

  • $650 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Shingle Siding

Interior Spaces

  • 1,100 Sq Ft Home
  • 3-Story Property
  • Water Views

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 2 Parking Spaces
  • No Garage
  • Assigned Parking

Outdoor Features

  • Walking Distance to Water

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 3-2
  • Assessor Parcel Number 33OCEANAV2NSHM

Community Details

Overview

  • Association fees include ground maintenance, parking, snow removal
  • 5 Units
  • Old Harbor Subdivision

Amenities

  • Restaurant

Recreation

  • Marina

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,748

Year Built

Built in 1954

Lot Details

0 Sq Ft Lot

HOA Fees

$650 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Old Harbor
  • Above Grade Finished Sq Ft: 1100.0
  • Building Name: Albion Condo
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1954
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Tub Shower
  • Living Area: 1100.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Shingle Siding
  • Foundation Details: Slab

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Propane
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Water Source: Multiple Meters

Condo/Co-op/Association

  • Community Features: Marina, Restaurant
  • Senior Community: No
  • Amenities: Restaurant
  • Association Fee: 650.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: No Pet Restrictions, Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Maintenance Grounds, Parking, Snow Removal

Lot Info

  • Parcel #: 33OCEANAV2NSHM
  • Zoning: SC
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 5

Tax Info

  • Tax Annual Amount: 2748.0
  • Tax Lot: 3-2
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Oct 20, 2022
Sold by
33 2 Ocean Ave Llc
Bought by
33 Ocean Ave Llc
Seller's Agent
Robin Lewis Vila
Ballard Hall Sales Group
Buyer's Agent
Rosemary Tobin
Lila Delman Compass
List Price
$785,000
Sold Price
$630,000
Premium/Discount to List
-$155,000
-19.75%
Views
19

Purchase Details

Listed on
Jan 13, 2017
Closed on
Feb 10, 2020
Sold by
Gaffett Lewis H Est and Gaffett
Bought by
33-2 Ocean Ave Llc
Seller's Agent
Jennifer Phillips
Phillips Real Estate
Buyer's Agent
Robin Lewis Vila
Ballard Hall Sales Group
List Price
$679,000
Sold Price
$302,500
Premium/Discount to List
-$376,500
-55.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.22%
Original Mortgage
$242,000
Interest Rate
3.74%
Mortgage Type
Commercial
Source: Public Records
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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
33 Ocean Ave Llc $630,000 None Available
33-2 Ocean Ave Llc $302,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 33-2 Ocean Ave Llc $242,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/22/2022 10/22/22 Sold $630,000 -19.7% $573 / Sq Ft
09/15/2022 09/15/22 Pending -- -- --
07/14/2022 07/14/22 For Sale $785,000 +159.5% $714 / Sq Ft
02/11/2020 02/11/20 Sold $302,500 -55.4% $275 / Sq Ft View Prior Sale
01/12/2020 01/12/20 Pending -- -- --
01/13/2017 01/13/17 For Sale $679,000 -- $617 / Sq Ft
Source: State-Wide MLS

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
2025 $3,258 $565,600 $0 $565,600
2024 $3,165 $573,300 $0 $573,300
2023 $3,451 $573,300 $0 $573,300
2022 $2,904 $410,160 $0 $410,160
2021 $2,748 $410,160 $0 $410,160
2020 $2,609 $410,160 $0 $410,160
2019 $2,527 $410,160 $0 $410,160
2018 $2,384 $400,720 $0 $400,720
2017 $2,348 $400,720 $0 $400,720
2016 $2,292 $400,720 $0 $400,720
2015 $2,368 $429,700 $0 $429,700
2014 $2,295 $429,700 $0 $429,700
2013 $2,239 $429,700 $0 $429,700
Source: Public Records

Agents Affiliated with this Home

  • Robin Lewis Vila

    Seller's Agent in 2022

    Robin Lewis Vila

    Ballard Hall Sales Group

    (401) 465-7986

    20 in this area

    20 Total Sales

    Robin Lewis Vila
    Section Image
  • Rosemary Tobin

    Buyer's Agent in 2022

    Rosemary Tobin

    Lila Delman Compass

    (401) 741-1825

    52 in this area

    54 Total Sales

    Rosemary Tobin
    Section Image
  • Jennifer Phillips

    Seller's Agent in 2020

    Jennifer Phillips

    Phillips Real Estate

    (401) 466-8806

    27 in this area

    27 Total Sales

    Jennifer Phillips
    Section Image

  • K

    Seller Co-Listing Agent in 2020

    Kerri Gaffett

    Ballard Hall Sales Group

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1315441

State-Wide MLS

APN: BLOC-000006-000000-000003-000002-2

Rhode Island Washington County New Shoreham 02807

33 Ocean Ave Unit 2, New Shoreham, RI

Not Listed for Sale

Condos

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