$665,000
SOLD SEP 23, 2024

33 Ocean Ave Unit 6 New Shoreham, RI 02807

2 Beds
1 Bath
528 Sq Ft
$333/mo HOA Fee

Recently Sold

$1,259 Per Sq Ft

1% Below List Price

15 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Walking Distance to Water
  • Deck
  • Furnished
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of September 2024

This 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

Wendy Crawford

Compass / Lila Delman Compass License #RES.0028187

Compass / Lila Delman Compass

Last Buyer's Agent

Rosemary Tobin

Compass / Lila Delman Compass License #RES.0028817

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,870

Year Built

Built in 1956

Lot Details

0

HOA Fees

$333 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Old Harbor/Town
  • Above Grade Finished Sq Ft: 528.0
  • Building Name: Albion Building
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1956
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Owner Pays: Hot Water
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: Third Floor or higher Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower, Furnished
  • Living Area: 528.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall
  • Exterior Features: Deck
  • Foundation Details: See Remarks
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Assigned, No Garage

Utilities

  • Laundry Features: In Unit
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Restaurant, Shopping
  • Senior Community: No
  • Amenities: Restaurant
  • Association Fee: 333.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 33OCEANAV6NSHM
  • Zoning: SC
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 6

Tax Info

  • Tax Annual Amount: 1870.0
  • Tax Lot: 3-6
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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

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

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

Deed History

Date Type Sale Price Title Company
Warranty Deed $575,000 None Available
Deed $290,000 --
Source: Public Records

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  • 72 W Side Rd Unit 6, Block Island, RI 02807

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    • 2 Baths
    • 843 Sq Ft
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Source: State-Wide MLS

MLS Number: 1363156

State-Wide MLS

APN: BLOC-000006-000000-000003-000002-6

Rhode Island Washington County New Shoreham 02807

33 Ocean Ave Unit 6, New Shoreham, RI

Homes for Sale in New Shoreham, RI

This home is located at 33 Ocean Ave Unit 6, New Shoreham, RI 02807 and is currently priced at $665,000, approximately $1,259 per square foot. This property was built in 1956. 33 Ocean Ave Unit 6 is a home located in Washington County with nearby schools including Block Island School.

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