$785,000
SOLD OCT 13, 2022

33 Ocean Ave Unit 5 New Shoreham, RI 02807

2 Beds
2 Baths
768 Sq Ft
$465/mo HOA Fee

Recently Sold

$1,022 Per Sq Ft

7% Below List Price

273 Days on Market

Highlights

  • Water Views
  • Walking Distance to Water
  • Shops
  • Wood Flooring
  • <<tubWithShowerToken>>
  • Heating System Uses Steam

About This Home

As of October 2022

Experience the heart of Block Island in this beautifully updated, 2 bedroom, 2 bathroom condominium located in the historic Albion Building, steps from the island's finest restaurants, shopping, and beaches. The open floor plan features shining hardwoods throughout, granite countertops, and a gas fireplace- perfect for year-round living. Step out onto your private deck overlooking the hustle and bustle of town and take in the ocean views! Excellent rental income.

Last Agent to Sell the Property

Jennifer Phillips

Phillips Real Estate License #REB.0015012 Listed on: 01/10/2022

Co-Listed By

Carolyn Casady

Phillips Real Estate License #RES.0041929

Last Buyer's Agent

Cindy Pappas

Sullivan Sotheby's Intl.Realty License #REB.0010926

Sullivan Sotheby's Intl.Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,652

Year Built

  • Built in 1956

HOA Fees

  • $465 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Water Views

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • <<tubWithShowerToken>>

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • No Garage
  • Assigned Parking

Outdoor Features

  • Walking Distance to Water

Utilities

  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3/2
  • Assessor Parcel Number 33OCEANAV5NSHM

Community Details

Overview

  • 6 Units

Amenities

  • Shops

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,652

Year Built

Built in 1956

Lot Details

0

HOA Fees

$465 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.37
  • Co List Office Mls Id: PHRE
  • Co List Office Phone: 401-466-8806
  • Above Grade Finished Sq Ft: 768.0
  • Building Name: Albion Building
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1956
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Private Entry,Third Floor or higher Access
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower, Cable TV
  • Living Area: 768.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Shingle Siding
  • Foundation Details: Concrete Perimeter, Slab

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: Partial
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Shopping
  • Senior Community: No
  • Association Fee: 465.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: No Pet Restrictions, Yes
  • Common Interest: Condominium

Lot Info

  • Lot Size Sq Ft: 16117.2
  • Parcel #: 33OCEANAV5NSHM
  • Zoning: OHC
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 6

Tax Info

  • Tax Annual Amount: 2652.0
  • Tax Lot: 3/2
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Oct 13, 2022
Sold by
Canzellarini Cameron and Canzellarini Samantha
Bought by
Zettell Scott A and Zettell Christine H
Seller's Agent
Jennifer Phillips
Phillips Real Estate
Buyer's Agent
Cindy Pappas
Sullivan Sotheby's Intl.Realty
List Price
$845,000
Sold Price
$785,000
Premium/Discount to List
-$60,000
-7.1%
Views
8
Current Estimated Value
$962,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,793
Avg. Annual Appreciation
7.71%
Original Mortgage
$528,500
Outstanding Balance
$510,458
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$452,335

Purchase Details

Closed on
Sep 27, 2019
Sold by
Canzellarini Cameron and Canzellarini Samantha
Bought by
Canzellarini Cameron and Canzellarini Samantha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
4.13%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 3, 2017
Closed on
Apr 13, 2018
Sold by
Yerxa Gavin M and Yerxa Haley M
Bought by
Canzellarini Cameron and Smolicz Samantha
Seller's Agent
Rosemary Tobin
Lila Delman Compass
Buyer's Agent
Rosemary Tobin
Lila Delman Compass
List Price
$429,000
Sold Price
$312,000
Premium/Discount to List
-$117,000
-27.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.79%
Original Mortgage
$262,200
Interest Rate
5.88%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $785,000 None Available
Quit Claim Deed -- --
Not Resolvable $312,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $528,500 Purchase Money Mortgage
Previous Owner $262,000 Adjustable Rate Mortgage/ARM
Previous Owner $262,200 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2022 10/13/22 Sold $785,000 -7.1% $1,022 / Sq Ft
10/11/2022 10/11/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $845,000 +170.8% $1,100 / Sq Ft
04/12/2018 04/12/18 Sold $312,000 -27.3% $406 / Sq Ft
03/13/2018 03/13/18 Pending -- -- --
02/03/2017 02/03/17 For Sale $429,000 -- $559 / 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 $4,127 $747,700 $0 $747,700
2023 $4,501 $747,700 $0 $747,700
2022 $1,738 $245,440 $0 $245,440
2021 $1,644 $245,440 $0 $245,440
2020 $1,561 $245,440 $0 $245,440
2019 $1,512 $245,440 $0 $245,440
2018 $2,973 $499,600 $0 $499,600
2017 $2,928 $499,600 $0 $499,600
2016 $2,858 $499,600 $0 $499,600
2015 $3,516 $638,200 $0 $638,200
2014 $3,408 $638,200 $0 $638,200
2013 $3,361 $645,100 $0 $645,100
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Phillips

    Seller's Agent in 2022

    Jennifer Phillips

    Phillips Real Estate

    (401) 466-8806

    32 Total Sales

    Jennifer Phillips
    Section Image

  • C

    Seller Co-Listing Agent in 2022

    Carolyn Casady

    Phillips Real Estate

    (203) 605-2672

    13 Total Sales

    Carolyn Casady
    Section Image
  • Cindy Pappas

    Buyer's Agent in 2022

    Cindy Pappas

    Sullivan Sotheby's Intl.Realty

    (401) 864-0996

    42 Total Sales

    Cindy Pappas
    Section Image
  • Rosemary Tobin

    Seller's Agent in 2018

    Rosemary Tobin

    Lila Delman Compass

    (401) 741-1825

    60 Total Sales

    Rosemary Tobin
    Section Image
  • Kaylan McAleer

    Seller Co-Listing Agent in 2018

    Kaylan McAleer

    Lila Delman Compass

    (401) 829-1595

    3 Total Sales

    Kaylan McAleer
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1301244

State-Wide MLS

APN: BLOC-000006-000000-000003-000002-5

Rhode Island Washington County New Shoreham 02807

33 Ocean Ave Unit 5, New Shoreham, RI

This home is located at 33 Ocean Ave Unit 5, New Shoreham, RI 02807 and is currently priced at $785,000, approximately $1,022 per square foot. This property was built in 1956. 33 Ocean Ave Unit 5 is a home located in Washington County with nearby schools including Block Island School.

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