460 Chapel St Unit 3 Block Island, RI 02807
1
Bed
1
Bath
775
Sq Ft
$233/mo
HOA Fee
Highlights
- Wood Flooring
- Bathtub with Shower
- 1-minute walk to Ocean View Park
- Window Unit Cooling System
- Heating System Uses Steam
About This Home
As of December 2024Discover the perfect blend of convenience and investment potential with this top-floor one-bedroom, one-bathroom condo in Chapel Cottage, located in the heart of Block Island's Old Harbor. Offering 775 square feet of open living space, this condo features a spacious living room, kitchen, and dining area that seamlessly extends to a significant deck, ideal for indoor-outdoor living. The unique crisscross stairway leads to a cozy upstairs bedroom and full bath. Situated just steps away from the ferry, popular restaurants, and the beach, this condo is perfect for enjoying the vibrant Island life. Designed for hassle-free ownership, this property ensures that you can relax and enjoy your time. With Block Island's high demand for nightly rentals, this property presents an excellent opportunity to generate consistent income when you're not using it. Use it as your personal getaway and capitalize on its prime location to maximize rental potential, making this charming condo a smart addition to your investment portfolio. Old Harbor Commercial Zone- zoned for residential/commercial.
Last Agent to Sell the Property
Lila Delman Compass License #RES.0028817 Listed on: 06/14/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,377
Year Built
- Built in 1968
HOA Fees
- $233 Monthly HOA Fees
Home Design
- Combination Foundation
- Shingle Siding
Interior Spaces
- 775 Sq Ft Home
- 2-Story Property
- Wood Flooring
- Unfinished Basement
- Partial Basement
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- No Garage
- Unassigned Parking
Utilities
- Window Unit Cooling System
- Heating System Uses Oil
- Heating System Uses Steam
- 100 Amp Service
- Water Heater
Listing and Financial Details
- Tax Lot 112-3
- Assessor Parcel Number 460CHAPELST3NSHM
Community Details
Overview
- Association fees include parking, sewer, water
- 4 Units
- Town Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2024
Closed on
Dec 11, 2024
Sold by
Nelson Denise
Bought by
Clark Daniel K and Clark Kelly
Seller's Agent
Rosemary Tobin
Lila Delman Compass
Buyer's Agent
Rosemary Tobin
Lila Delman Compass
List Price
$795,000
Sold Price
$715,000
Premium/Discount to List
-$80,000
-10.06%
Views
92
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
$9,411
Avg. Annual Appreciation
2.45%
Original Mortgage
$400,000
Outstanding Balance
$398,272
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$326,139
Purchase Details
Closed on
Nov 20, 2019
Sold by
Noreiko Dennis
Bought by
Nelson Denise B
Purchase Details
Closed on
Dec 17, 2002
Sold by
Berry Christine
Bought by
Noreiko Dennis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,400
Interest Rate
6.17%
Similar Home in Block Island, RI
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 | $715,000 | None Available | |
| Warranty Deed | $715,000 | None Available | |
| Warranty Deed | $715,000 | None Available | |
| Warranty Deed | $300,000 | -- | |
| Warranty Deed | $300,000 | -- | |
| Deed | $306,000 | -- | |
| Deed | $306,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | Purchase Money Mortgage | |
| Closed | $400,000 | Purchase Money Mortgage | |
| Previous Owner | $230,000 | No Value Available | |
| Previous Owner | $275,400 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/11/2024 12/11/24 | Sold | $715,000 | -4.7% | $923 / Sq Ft |
| 11/15/2024 11/15/24 | Pending | -- | -- | -- |
| 09/05/2024 09/05/24 | Price Changed | $750,000 | -5.7% | $968 / Sq Ft |
| 06/14/2024 06/14/24 | For Sale | $795,000 | -- | $1,026 / 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 | $2,180 | $394,900 | $0 | $394,900 |
| 2023 | $2,377 | $394,900 | $0 | $394,900 |
| 2022 | $1,784 | $251,920 | $0 | $251,920 |
| 2021 | $1,688 | $251,920 | $0 | $251,920 |
| 2020 | $1,602 | $251,920 | $0 | $251,920 |
| 2019 | $1,552 | $251,920 | $0 | $251,920 |
| 2018 | $1,499 | $251,920 | $0 | $251,920 |
| 2017 | $1,476 | $251,920 | $0 | $251,920 |
| 2016 | $1,441 | $251,920 | $0 | $251,920 |
| 2015 | $1,661 | $301,400 | $0 | $301,400 |
| 2014 | $1,609 | $301,400 | $0 | $301,400 |
| 2013 | $1,570 | $301,400 | $0 | $301,400 |
Source: Public Records
Agents Affiliated with this Home
-
Rosemary Tobin
Seller's Agent in 2024
Rosemary Tobin
Lila Delman Compass
(401) 741-1825
60 Total Sales
-
Wendy Crawford
Seller Co-Listing Agent in 2024
Wendy Crawford
Lila Delman Compass
(401) 714-1999
33 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1361690
APN: BLOC-000006-000112-000003
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