33 Ocean Ave Unit 6 New Shoreham, RI 02807
2
Beds
1
Bath
528
Sq Ft
$333/mo
HOA Fee
Highlights
- Water Views
- Wood Flooring
- Walking Distance to Water
- Deck
- Furnished
- Cooling System Mounted In Outer Wall Opening
About This Home
As of September 2024This two-bedroom, one-bath condominium, situated atop Block Island's Albion Building, offers an unparalleled location in the heart of town, providing VIP access to the island's vibrant entertainment, dining, and shopping scene. With proximity to the ferry, popular restaurants, and the beach, it combines luxury with convenience. Boasting a back penthouse unit encompassing 528 square feet, this property offers both a hassle-free personal retreat and a lucrative investment opportunity. Nightly rentals are in high demand, making it ideal for year-round use and income generation. Whether you seek a weekend getaway or aspire to start an investment portfolio on Block Island, this condominium offers the flexibility to enjoy the Island on your terms and profit from it when you're not there.
Last Agent to Sell the Property
Lila Delman Compass License #RES.0028187 Listed on: 07/07/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,870
Year Built
- Built in 1956
HOA Fees
- $333 Monthly HOA Fees
Interior Spaces
- 528 Sq Ft Home
- 3-Story Property
- Furnished
- Wood Flooring
- Water Views
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- No Garage
- Assigned Parking
Outdoor Features
- Walking Distance to Water
- Deck
Utilities
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating System
- Heating System Uses Propane
- Gas Water Heater
Listing and Financial Details
- The owner pays for hot water
- Tax Lot 3-6
- Assessor Parcel Number 33OCEANAV6NSHM
Community Details
Overview
- 6 Units
- Old Harbor/Town Subdivision
Amenities
- Shops
- Restaurant
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 20, 2023
Closed on
Feb 6, 2023
Sold by
Kroll Kenneth M and Johnstone David L
Bought by
Smith Donald F
Seller's Agent
Rosemary Tobin
Lila Delman Compass
Buyer's Agent
Wendy Crawford
Lila Delman Compass
List Price
$585,000
Sold Price
$575,000
Premium/Discount to List
-$10,000
-1.71%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,661
Avg. Annual Appreciation
7.90%
Purchase Details
Closed on
Sep 2, 2009
Sold by
Gaffett Lewis H
Bought by
Kroll Kenneth M and Johnstone David L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Similar Home in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $575,000 | None Available | |
| Deed | $290,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $532,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $217,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2024 09/23/24 | Sold | $665,000 | -1.5% | $1,259 / Sq Ft |
| 07/23/2024 07/23/24 | Pending | -- | -- | -- |
| 07/07/2024 07/07/24 | For Sale | $675,000 | +17.4% | $1,278 / Sq Ft |
| 02/10/2023 02/10/23 | Sold | $575,000 | -1.7% | $1,089 / Sq Ft |
| 01/20/2023 01/20/23 | For Sale | $585,000 | -- | $1,108 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $2,143 | $388,300 | $0 | $388,300 |
| 2023 | $2,338 | $388,300 | $0 | $388,300 |
| 2022 | $955 | $134,880 | $0 | $134,880 |
| 2021 | $904 | $134,880 | $0 | $134,880 |
| 2020 | $858 | $134,880 | $0 | $134,880 |
| 2019 | $831 | $134,880 | $0 | $134,880 |
| 2018 | $951 | $159,840 | $0 | $159,840 |
| 2017 | $937 | $159,840 | $0 | $159,840 |
| 2016 | $914 | $159,840 | $0 | $159,840 |
| 2015 | $1,125 | $204,200 | $0 | $204,200 |
| 2014 | $1,102 | $206,400 | $0 | $206,400 |
| 2013 | $1,075 | $206,400 | $0 | $206,400 |
Source: Public Records
Agents Affiliated with this Home
-
Wendy Crawford
Seller's Agent in 2024
Wendy Crawford
Lila Delman Compass
(401) 714-1999
33 Total Sales
-
Rosemary Tobin
Buyer's Agent in 2024
Rosemary Tobin
Lila Delman Compass
(401) 741-1825
60 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1363156
APN: BLOC-000006-000000-000003-000002-6
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