NOT LISTED FOR SALE

72 W Side Rd Unit 5 Block Island, RI 02807

Estimated Value: $856,000 - $974,000

2 Beds
2.5 Baths
1,010 Sq Ft
1 Acres Lot

Sale Details

Date Sold: July 18, 2024

Last sale price $870,000 $861 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,726 / mo

Highlights

  • Marina
  • Water Access
  • Private Lot
  • Water Views
  • In Ground Pool
  • 1-minute walk to Ball O'Brien Park

About This Home

As of July 2024

Experience all New Harbor amenities including restaurants, shops, and marinas from this large 1010 square foot two-bedroom, two and a half bath, Salt Pond Settlement condominium. Situated on The Great Salt Pond this condominium is part of a thirty-four-unit ownership with many offerings, including access to the pond and a unique to Block Island outdoor swimming pool. Located in the heart of New Harbor unit owners are within walking distance to restaurants, shopping and the popular town playground with open pavilion, Skate Park, basketball, and tennis courts. This all-on-one-level kitchen, open dining/living with gas fireplace is the perfect get-a-way! Spectacular Great Salt Pond, ocean, and the North Lighthouse views from the living room leading outside to a private/common deck. Common areas include a large grilling & picnic area. Deeded path to The Great Salt Pond makes it easy to kayak canoe, walk the beach or visit the Oar! Condominium ownership at Salt Pond Settlement, allows owners the freedom to enjoy Block Island year-round. Easy to arrive and easy to leave each unit is monitored by onsite management. All you have to worry about is locking your door and getting to the ferry on time, the rest it taken care of.

Last Agent to Sell the Property

Rosemary Tobin

Lila Delman Compass License #RES.0028817 Listed on: 06/07/2024

Last Buyer's Agent

Shannon Morgan

Sullivan Sotheby's Intl.Realty License #RES.0032068

Sullivan Sotheby's Intl.Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,555

Year Built

  • Built in 2003

Lot Details

  • Secluded Lot

HOA Fees

  • $710 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Shingle Siding

Interior Spaces

  • 1,010 Sq Ft Home
  • 4-Story Property
  • Furnished
  • Gas Fireplace
  • Wood Flooring
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 40 Parking Spaces
  • No Garage
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Water Access
  • Walking Distance to Water

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Private Water Source
  • Well
  • Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 2-5
  • Assessor Parcel Number 72WESTSIDERD5NSHM

Community Details

Overview

  • Association fees include clubhouse, HVAC, hot water, ground maintenance, parking, pool(s), sewer, security, water
  • 34 Units
  • New Harbor Subdivision
  • On-Site Maintenance
  • Maintained Community

Amenities

  • Community Garden
  • Shops
  • Restaurant
  • Community Storage Space

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,555

Year Built

Built in 2003

Lot Details

1 Acres

HOA Fees

$710 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Inclusions: Association Fee includes assessment of $100. Each unit owner that rents the unit weekly also pays a fee per week. For a two bedrooms that fee is $100 per week.
  • Subdivision Name: New Harbor
  • Above Grade Finished Sq Ft: 1010.0
  • Building Name: Salt Pond Settlement
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Three Or More, One
  • New Construction: No
  • Building Stories: 4
  • Year Built: 2003
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 4

Interior Features

  • Furnished: Furnished
  • Appliances: Common Water Heater, Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
  • Other Equipment: Satellite Dish
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: First Floor Access,Second Floor Access
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower, Furnished
  • Living Area: 1010.0
  • Stories: 4
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Private, Secluded
  • Pool Features: In Ground, Community
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Water Access, Walk to Water
  • Construction Type: Drywall, Shingle Siding
  • Foundation Details: See Remarks

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 40.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas, Oil
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Marina, Maintenance On-Site, Playground, Pool, Recreation Area, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No
  • Amenities: Maintenance, Playground, Pool, Restaurant, Tennis Court(s), Garden Area, Storage
  • Association Fee: 710.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Clubhouse, HVAC, Hot Water, Maintenance Grounds, Parking, Pool(s), Sewer, Security, Water

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 72WESTSIDERD5NSHM
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 34

Tax Info

  • Tax Annual Amount: 2555.0
  • Tax Lot: 2-5
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2024
Closed on
Jul 17, 2024
Sold by
Bought by
Seller's Agent
Rosemary Tobin
Lila Delman Compass
Buyer's Agent
Shannon Morgan
Sullivan Sotheby's Intl.Realty
List Price
$895,000
Sold Price
$870,000
Premium/Discount to List
-$25,000
-2.79%
Current Estimated Value
$923,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,136
Avg. Annual Appreciation
3.22%
Original Mortgage
$520,000
Outstanding Balance
$511,920
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$411,216

Purchase Details

Closed on
Mar 24, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
2.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2019
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$870,000 None Available
$870,000 None Available
$248,000 None Available
$248,000 None Available
$248,000 None Available
$170,000 None Available
$170,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $520,000
Closed $520,000
Previous Owner $148,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/18/2024 07/18/24 Sold $870,000 -2.8% $861 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
06/07/2024 06/07/24 For Sale $895,000 +21.4% $886 / Sq Ft
06/01/2021 06/01/21 Sold $737,500 -7.7% $730 / Sq Ft View Prior Sale
05/02/2021 05/02/21 Pending -- -- --
10/08/2020 10/08/20 For Sale $799,000 +309.7% $791 / Sq Ft
07/26/2013 07/26/13 Sold $195,000 -13.3% $251 / Sq Ft View Prior Sale
06/26/2013 06/26/13 Pending -- -- --
04/14/2013 04/14/13 For Sale $225,000 -- $289 / Sq Ft
Source: State-Wide MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,400 $243,100 $0 $243,100
2024 $1,342 $243,100 $0 $243,100
2023 $1,463 $243,100 $0 $243,100
2022 $921 $130,080 $0 $130,080
2021 $872 $130,080 $0 $130,080
2020 $827 $130,080 $0 $130,080
2019 $801 $130,080 $0 $130,080
2018 $908 $152,560 $0 $152,560
2017 $894 $152,560 $0 $152,560
2016 $873 $152,560 $0 $152,560
2015 $1,095 $198,800 $0 $198,800
2014 $1,062 $198,800 $0 $198,800
2013 $1,036 $198,800 $0 $198,800
Source: Public Records

Agents Affiliated with this Home

  • Rosemary Tobin

    Seller's Agent in 2024

    Rosemary Tobin

    Lila Delman Compass

    (401) 741-1825

    47 in this area

    48 Total Sales

    Rosemary Tobin
    Section Image
  • Shannon Morgan

    Buyer's Agent in 2024

    Shannon Morgan

    Sullivan Sotheby's Intl.Realty

    (401) 580-0521

    20 in this area

    21 Total Sales

    Shannon Morgan
    Section Image
  • Jennifer Phillips

    Seller's Agent in 2021

    Jennifer Phillips

    Phillips Real Estate

    (401) 466-8806

    23 in this area

    23 Total Sales

    Jennifer Phillips
    Section Image

  • C

    Seller Co-Listing Agent in 2021

    Carolyn Casady

    Phillips Real Estate

    (203) 605-2672

    12 in this area

    12 Total Sales

    Carolyn Casady
    Section Image
  • Mary Stover

    Seller's Agent in 2013

    Mary Stover

    Beach Real Estate

    (401) 466-2312

    20 in this area

    21 Total Sales

    Mary Stover
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1361107

State-Wide MLS

APN: BLOC-000019-000002-000005

Rhode Island Washington County New Shoreham 02807

72 W Side Rd Unit 5, New Shoreham, RI

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