NOT LISTED FOR SALE

460 Chapel St Unit 3 Block Island, RI 02807

Estimated Value: $684,000 - $734,000

1 Bed
1 Bath
775 Sq Ft
$233/mo HOA Fee

Last Sold December 11, 2024

Last sale price $715,000 $923 Per Sq Ft

Current estimated payment $4,380/month

153 Days on Market

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 2024

Discover 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 Listed By

Rosemary Tobin

Compass / 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

Lot Details

  • 0.26

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,377

Year Built

Built in 1968

Lot Details

0

HOA Fees

$233 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 0.26
  • Co List Office Mls Id: LILA05
  • Co List Office Phone: 401-466-8777
  • Inclusions: Association Fee also includes Insurance.
  • Subdivision Name: Town
  • Above Grade Finished Sq Ft: 775.0
  • Building Name: Chapel Cottage Condos
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Two, One
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1968
  • Property Sub Type Additional: Condominium
  • Pets No Pets Comments: No Restrictions
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Common Water Heater, Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower
  • Living Area: 775.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Shingle Siding
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage, Unassigned

Utilities

  • Laundry Features: In Unit
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 233.25
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Parking, Sewer, Water

Lot Info

  • Lot Size Sq Ft: 11325.6
  • Parcel #: 460CHAPELST3NSHM
  • Zoning: OHC
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 4

Tax Info

  • Tax Annual Amount: 2377.0
  • Tax Lot: 112-3
  • Tax Map Number: 6
  • Tax Year: 2023

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
Compass / Lila Delman Compass
Buyer's Agent
Rosemary Tobin
Compass / Lila Delman Compass
List Price
$795,000
Sold Price
$715,000
Premium/Discount to List
-$80,000
-10.06%
Total Days on Market
153
Views
92
Current Estimated Value
$715,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175
Avg. Annual Appreciation
0.06%
Original Mortgage
$400,000
Outstanding Balance
$398,622
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$316,553

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%

Range of Values:

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List Price
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 Buyer Sale Price Title Company
Clark Daniel K $715,000 None Available
Clark Daniel K $715,000 None Available
Clark Daniel K $715,000 None Available
Nelson Denise B $300,000 --
Nelson Denise B $300,000 --
Noreiko Dennis $306,000 --
Noreiko Dennis $306,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Daniel K $400,000
Closed Clark Daniel K $400,000
Previous Owner Noreiko Dennis $230,000
Previous Owner Noreiko Dennis $275,400
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

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 $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

    Compass / Lila Delman Compass

    (401) 741-1825

    62 Total Sales

    Rosemary Tobin
    Section Image
  • Wendy Crawford

    Seller Co-Listing Agent in 2024

    Wendy Crawford

    Compass / Lila Delman Compass

    (401) 714-1999

    34 Total Sales

    Wendy Crawford
    Section Image
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Map

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Source: State-Wide MLS

MLS Number: 1361690

State-Wide MLS

APN: BLOC-000006-000112-000003

Rhode Island Washington County Block Island 02807

460 Chapel St Unit 3, Block Island, RI

Homes for Sale in Block Island, RI

This home is located at 460 Chapel St Unit 3, Block Island, RI 02807 since 14 June 2024 and is currently estimated at $715,175, approximately $922 per square foot. This property was built in 1968. 460 Chapel St Unit 3 is a home located in Washington County with nearby schools including Block Island School.

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