NOT LISTED FOR SALE

493 Old Town Rd Block Island, RI 02807

Estimated Value: $1,137,000 - $1,440,000

2 Beds
1 Bath
1,392 Sq Ft
$897/Sq Ft Est. Value

Last Sold November 19, 2020

Last sale price $730,000 $524 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $7,208/month

138 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Game Room
  • Raised Ranch Architecture
  • Attic
  • Tennis Courts

About This Home

As of November 2020

Fantastic vacation home or a great business, or both!! Turn Key perfect either way!! Just show up with your flip flops! Please see our VRBO ad including 40+ 5 star reviews, they say it all! VERY FUN HOUSE! Beautifully Decorated, Currently has Ping Pong, Horseshoes,Cornhole, Darts, Fire Pit. Happy Landing is Charming! Excellent cell service and 4G (some places on the island don't), Directv & Wifi system in place, outdoor shower, additional private sleeping area in finished lower level. Recently remodeled and updated including all new hurricane rated doors and windows, kitchen & appliances. This wonderful home is located on a nearly 3 acre private lot. Zoning allows for a larger, multi story home to be built on the lot. Just installed, a town sewer hookup, house can be connected if desired. Great expansion possibilities for the future which will further enhance the views of the beautiful landscape and vistas. Stellar rental history. Block Island. Excludes furnishings.

Last Agent to Sell the Property

Linda Murphy

Linda M. Murphy License #REB.0018796 Listed on: 06/03/2020

Last Buyer's Agent

Robin Vila

Ballard Hall Sales Group License #REB.0018194

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,057

Year Built

  • Built in 1965

Lot Details

  • 2.83 Acre Lot
  • Property is zoned RB

Parking

  • 1 Car Attached Garage

Home Design

  • Raised Ranch Architecture
  • Block Foundation
  • Clapboard

Interior Spaces

  • 2-Story Property
  • Game Room
  • Attic

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • <<tubWithShowerToken>>

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Steam
  • 100 Amp Service
  • Well
  • Oil Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 493OLDTOWNRDNSHM

Community Details

Amenities

  • Shops

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,057

Year Built

Built in 1965

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.8274
  • Above Grade Finished Sq Ft: 864.0
  • Architectural Style: Raised Ranch
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1965
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Exhaust Fan, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 528.0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood, Carpet
  • Interior Amenities: Attic, Tub Shower
  • Living Area: 1392.0
  • Dining Room Type: Game Room
  • Stories: 2
  • ResoLivingAreaSource: Owner

Exterior Features

  • Construction Type: Drywall, Clapboard
  • Foundation Details: Block

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 7.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer, Septic Tank
  • Utilities: Sewer Connected
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Marina, Near Schools, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 123162.0
  • Parcel #: 493OLDTOWNRDNSHM
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3057.0
  • Tax Lot: 10
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2020
Closed on
Oct 27, 2020
Sold by
493 Old Town Road Llc
Bought by
Carson Victoria M
Seller's Agent
Linda Murphy
Linda M. Murphy
Buyer's Agent
Robin Vila
Ballard Hall Sales Group
List Price
$769,000
Sold Price
$730,000
Premium/Discount to List
-$39,000
-5.07%
Current Estimated Value
$1,248,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$518,542
Avg. Annual Appreciation
9.63%
Original Mortgage
$356,125
Outstanding Balance
$322,631
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$795,777

Purchase Details

Closed on
Feb 20, 2014
Sold by
Smith Robert E
Bought by
493 Old Town Road Llc
Source: Public Records

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
Carson Victoria M $730,000 None Available
493 Old Town Road Llc $580,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carson Victoria M $9,885
Open Carson Victoria M $356,125
Previous Owner Smith Robert $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2020 11/19/20 Sold $730,000 -5.1% $524 / Sq Ft
10/20/2020 10/20/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $769,000 -- $552 / 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 $3,738 $677,100 $411,400 $265,700
2023 $4,076 $677,100 $411,400 $265,700
2022 $3,471 $490,320 $401,040 $89,280
2021 $3,285 $490,320 $401,040 $89,280
2020 $3,118 $490,320 $401,040 $89,280
2019 $3,020 $490,320 $401,040 $89,280
2018 $3,058 $513,920 $401,040 $112,880
2017 $3,012 $513,920 $401,040 $112,880
2016 $2,940 $513,920 $401,040 $112,880
2015 $3,564 $646,800 $501,300 $145,500
2014 $3,466 $649,000 $501,300 $147,700
2013 $3,381 $649,000 $501,300 $147,700
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Linda Murphy

    Linda M. Murphy

  • R

    Buyer's Agent in 2020

    Robin Vila

    Ballard Hall Sales Group

    (401) 465-7986

    24 Total Sales

    Robin Vila
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Map

Source: State-Wide MLS

MLS Number: 1255367

State-Wide MLS

APN: BLOC-000017-000000-000010

Rhode Island Washington County Block Island 02807

493 Old Town Rd, Block Island, RI

This home is located at 493 Old Town Rd, Block Island, RI 02807 since 03 June 2020 and is currently estimated at $1,248,542, approximately $896 per square foot. This property was built in 1965. 493 Old Town Rd is a home located in Washington County with nearby schools including Block Island School.

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