NOT LISTED FOR SALE

527 Connecticut Ave Block Island, RI 02807

Estimated Value: $827,000 - $1,880,000

4 Beds
2.5 Baths
2,064 Sq Ft
$709/Sq Ft Est. Value

Last Sold October 08, 2012

Last sale price $655,000 $317 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $8,369/month

660 Days on Market

Highlights

  • Deck
  • Furnished
  • Shops
  • Attic
  • Patio
  • Ceramic Tile Flooring

About This Home

As of October 2012

Well maintained 2 family home w/easy access to town and beaches. Lovely views of ponds and Island. Great rental history.

Last Listed By

Gail Heinz

Sullivan Sotheby's Intl.Realty License #RES.0015359 Listed on: 11/17/2010

Sullivan Sotheby's Intl.Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,352

Year Built

  • Built in 1930

Lot Details

  • 1.29 Acre Lot

Home Design

  • Shingle Siding
  • Plaster

Interior Spaces

  • 2,064 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Unfinished Basement
  • Partial Basement
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • No Garage

Outdoor Features

  • Deck
  • Patio
  • Outdoor Grill

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Well
  • Oil Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 45
  • Assessor Parcel Number 527CONNECTICUTAVNSHM

Community Details

Overview

  • 2 Units
  • Central Subdivision

Additional Features

  • Shops
  • Operating Expense $8,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,352

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.2856
  • Subdivision Name: CENTRAL
  • Above Grade Finished Sq Ft: 2064.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Other Equipment: Satellite Dish
  • Has Basement: Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Interior Amenities: Attic, Furnished
  • Living Area: 2064.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Shingle Siding
  • Exterior Features: Deck, Patio, Barbecue
  • Patio And Porch Features: Deck, Patio

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 150 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Shopping
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 56000.0
  • Parcel #: 527CONNECTICUTAVNSHM
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 8000.0

Tax Info

  • Tax Annual Amount: 2352.0
  • Tax Lot: 45
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2022
Sold by
Forbes Robert P and Foodim Joanne E
Bought by
Forbes Robert P and Foodim Joanne P
Total Days on Market
660
Current Estimated Value
$1,463,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Outstanding Balance
$392,897
Interest Rate
5.55%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$965,952

Range of Values:

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Average Value
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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
Forbes Robert P -- None Available
Forbes Robert P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forbes Robert P $405,000
Closed Forbes Robert P $405,000
Previous Owner Lower Robin L $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2012 10/08/12 Sold $655,000 -26.4% $317 / Sq Ft
09/08/2012 09/08/12 Pending -- -- --
11/17/2010 11/17/10 For Sale $890,000 -- $431 / 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 $3,069 $556,000 $367,700 $188,300
2023 $3,347 $556,000 $367,700 $188,300
2022 $3,504 $494,880 $327,040 $167,840
2021 $3,316 $494,880 $327,040 $167,840
2020 $3,147 $494,880 $327,040 $167,840
2019 $3,048 $494,880 $327,040 $167,840
2018 $2,801 $470,800 $327,040 $143,760
2017 $2,759 $470,800 $327,040 $143,760
2016 $2,693 $470,800 $327,040 $143,760
2015 $3,298 $598,500 $408,800 $189,700
2014 $3,196 $598,500 $408,800 $189,700
2013 $3,118 $598,500 $408,800 $189,700
Source: Public Records

Agents Affiliated with this Home

  • Gail Heinz

    Seller's Agent in 2012

    Gail Heinz

    Sullivan Sotheby's Intl.Realty

    (401) 466-5951

    31 Total Sales

    Gail Heinz
    Section Image
  • Shannon Morgan

    Buyer's Agent in 2012

    Shannon Morgan

    Sullivan Sotheby's Intl.Realty

    (401) 580-0521

    24 Total Sales

    Shannon Morgan
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 980344

State-Wide MLS

APN: BLOC-000010-000000-000045

Rhode Island Washington County Block Island 02807

527 Connecticut Ave, Block Island, RI

Homes for Sale in Block Island, RI

This home is located at 527 Connecticut Ave, Block Island, RI 02807 since 17 November 2010 and is currently estimated at $1,463,306, approximately $708 per square foot. This property was built in 1930. 527 Connecticut Ave is a home located in Washington County with nearby schools including Block Island School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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