NOT LISTED FOR SALE

504 Old Town Rd New Shoreham, RI 02807

Estimated Value: $1,453,968 - $1,667,000

3 Beds
2 Baths
1,397 Sq Ft
$1,091/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $1,370,000 $981 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $8,728/month

286 Days on Market

Highlights

  • Marina
  • Cape Cod Architecture
  • Wooded Lot
  • Barn
  • Wood Burning Stove
  • Wood Flooring

About This Home

As of May 2024

Charming was invented to describe Full Moon Cottage! This expertly remodeled and restored 3 bedroom, 2 bath cottage is one of the oldest homes on Block Island, The Alonzo D. Mitchell Cottage, has been transformed into a comfortable home with authentic details and all the conveniences of modern living. Three bedrooms, 2 baths, large open living/dining, kitchen wing and mud room, pretty floating staircase, AC, all new appliances including ice maker, newly install bluestone patio, AC, and a new humidity control system in the crawl space assuring comfortable year round living. Conveniently located between New and Old Harbor, tucked away in a paradise of privacy, this desirable home is the perfect Block Island Home. A MUST SEE.

Last Agent to Sell the Property

Mary Stover

Beach Real Estate License #REB.0015695 Listed on: 07/13/2023

Last Buyer's Agent

Emily Butcher

Block Island Realty License #RES.0034532

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,625

Year Built

  • Built in 1840

Lot Details

  • 1.04 Acre Lot
  • Wooded Lot
  • Property is zoned RB

Home Design

  • Cape Cod Architecture
  • Combination Foundation
  • Block Foundation
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 1,397 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Wood Burning Stove
  • Free Standing Fireplace
  • Unfinished Basement
  • Crawl Space

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • No Garage

Outdoor Features

  • Walking Distance to Water
  • Outbuilding

Farming

  • Barn

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Well
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 51
  • Assessor Parcel Number 504OLDTOWNRDNSHM

Community Details

Overview

  • Old Town Road Subdivision

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,625

Year Built

Built in 1840

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0413
  • Subdivision Name: Old Town Road
  • Above Grade Finished Sq Ft: 1397.0
  • Architectural Style: Cape Cod
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1840
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Crawl Space, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Free Standing
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub, Tub Shower, Furnished, Wood Burning Stove
  • Living Area: 1397.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Wooded
  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Shingle Siding, Wood Siding
  • Foundation Details: Block, Combination, Concrete Perimeter
  • Other Structures: Barn(s), Outbuilding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Marina
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 45357.0
  • Parcel #: 504OLDTOWNRDNSHM
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4625.0
  • Tax Lot: 51
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2023
Closed on
May 20, 2024
Sold by
Fm Cottage Llc
Bought by
Bauer Timothy J and Rittenhouse Kristin J
Seller's Agent
Mary Stover
Beach Real Estate
Buyer's Agent
Emily Butcher
Block Island Realty
List Price
$1,600,000
Sold Price
$1,370,000
Premium/Discount to List
-$230,000
-14.38%
Views
152
Current Estimated Value
$1,523,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,992
Avg. Annual Appreciation
8.75%
Original Mortgage
$766,500
Outstanding Balance
$757,042
Interest Rate
6.82%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$766,950

Purchase Details

Listed on
Apr 27, 2015
Closed on
Aug 19, 2015
Sold by
Full Moon Llc
Bought by
Fm Cottage Llc
Seller's Agent
Mary Stover
Beach Real Estate
Buyer's Agent
Mary Stover
Beach Real Estate
List Price
$925,000
Sold Price
$850,000
Premium/Discount to List
-$75,000
-8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%

Purchase Details

Closed on
Feb 5, 2013
Sold by
Moran Ryan P
Bought by
Full Moon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,350
Interest Rate
3.41%

Purchase Details

Closed on
May 14, 2007
Sold by
Garfunkel Helene and Garfunkel Michael
Bought by
Moran Ryan P
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
Bauer Timothy J $1,370,000 None Available
Bauer Timothy J $1,370,000 None Available
Bauer Timothy J $1,370,000 None Available
Fm Cottage Llc $850,000 --
Full Moon Llc -- --
Moran Ryan P -- --
Moran Ryan P $662,500 --
Fm Cottage Llc $850,000 --
Moran Ryan P -- --
Moran Ryan P $662,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bauer Timothy J $766,500
Closed Bauer Timothy J $766,500
Closed Bauer Timothy J $261,000
Previous Owner Moran Ryan P $416,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2024 05/20/24 Sold $1,370,000 -1.8% $981 / Sq Ft
04/25/2024 04/25/24 Pending -- -- --
11/01/2023 11/01/23 Price Changed $1,395,000 -6.7% $999 / Sq Ft
09/05/2023 09/05/23 Price Changed $1,495,000 -6.6% $1,070 / Sq Ft
07/13/2023 07/13/23 For Sale $1,600,000 +88.2% $1,145 / Sq Ft
08/19/2015 08/19/15 Sold $850,000 -8.1% $486 / Sq Ft
07/20/2015 07/20/15 Pending -- -- --
04/27/2015 04/27/15 For Sale $925,000 -- $529 / 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 $5,295 $959,200 $395,700 $563,500
2023 $5,774 $959,200 $395,700 $563,500
2022 $4,625 $653,280 $351,440 $301,840
2021 $4,377 $653,280 $351,440 $301,840
2020 $4,091 $643,280 $351,440 $291,840
2019 $3,963 $643,280 $351,440 $291,840
2018 $3,868 $650,080 $347,520 $302,560
2017 $3,809 $650,080 $347,520 $302,560
2016 $3,718 $650,080 $347,520 $302,560
2015 $3,208 $582,200 $391,000 $191,200
2014 $3,109 $582,200 $391,000 $191,200
2013 $3,033 $582,200 $391,000 $191,200
Source: Public Records

Agents Affiliated with this Home

  • Mary Stover

    Seller's Agent in 2024

    Mary Stover

    Beach Real Estate

    (401) 466-2312

    21 Total Sales

    Mary Stover
    Section Image

  • E

    Buyer's Agent in 2024

    Emily Butcher

    Block Island Realty

    (401) 742-2589

    9 Total Sales

    Emily Butcher
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1339505

State-Wide MLS

APN: BLOC-000017-000000-000051

Rhode Island Washington County New Shoreham 02807

504 Old Town Rd, New Shoreham, RI

This home is located at 504 Old Town Rd, New Shoreham, RI 02807 since 13 July 2023 and is currently estimated at $1,523,992, approximately $1,090 per square foot. This property was built in 1840. 504 Old Town Rd is a home located in Washington County with nearby schools including Block Island School.

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