33 Ocean Ave, Unit 2

Block Island, RI 02807

$630,000
Last Sold Price
Studio
Beds
1,100 Sq. Ft.
$573 / Sq. Ft.
1,100
Sq. Ft.
$573
per Sq. Ft.
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Closed 10/22/22
Closed 10/22/22

Description

The Albion Unit #2, permitted to be used as either Commercial or residential. Currently the home of The Cracked Mug cafe, this 1,100 sq. Ft. condominium may also be converted into a residential unit! Run your business in a fabulous downtown location or enjoy this space as a private home. Large, private deck for watching the activities on the street below or long summer sunsets. Includes 2 designated parking spaces. Current lessee will vacate with 30 day notice. Shown by appointment.The Albion Unit #2, permitted to be used as either Commercial or residential. Currently the home of The Cracked Mug cafe, this 1,100 sq. Ft. condominium may also be converted into a residential unit! Run your business in a fabulous downtown location or enjoy this space as a private home. Large, private deck for watching the activities on the street below or long summer sunsets. Includes 2 designated parking spaces. Current lessee will vacate with 30 day notice. Shown by appointment.
  1. Listed by Robin Vila • Brokerage DRE #REB.0014378 • Ballard Hall Sales Group
    P: (401)-465-7986 offprop@verizon.net

Property Details for 33 Ocean Avenue, Unit 2

Subdivision Name
Old Harbor
Building Name
Albion Condo
Waterfront Features
Walk To Water
View
Saltwater, Water
Pets Allowed
Yes
LISTING CLOSED: 10/22/2022 12:00 AM

Property Details for 33 Ocean Avenue, Unit 2

StatusClosed
MLS #1315441
Days on Market63
Pet PolicyAllowed
Taxes$2,748 / year
HOA Fees$650 / month
Condo/Co-op Fees-
Property TypeCondo
MLS TypeResidential / Condominium
Year Built1954
CountyWashington County
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Location

Listing Courtesy of Ballard Hall Sales Group

Sold By Lila Delman Compass

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Building Information for 33 Ocean Avenue, Unit 2

Building/ComplexAlbion CondoFloor2Stories3Residences5Pet PolicyAllowedPet Policy DetailsYesYear Built1954

Payment Calculator

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$4,018 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,139

Property Taxes

$229

HOA Dues

$650

The Payment Calculator is for illustrative purposes only.

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Property Information for 33 Ocean Avenue, Unit 2

Summary
Location and General Information
  • City: Block Island
  • Community Features: Marina, Restaurant
  • Postal City: Block Island
  • Postal Code: 02807
  • State Or Province: RI
  • View Y N: Yes
  • Zoning: SC
  • Human Modified Y N: No
Location and General Infromation
  • Complex Name: Albion Condo
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: Assigned, No Garage
  • Parking Total: 2
Taxes and HOA Information
  • Association Amenities: Restaurant
  • Association Fee: $650.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Grounds, Parking, Snow Removal
  • Tax Annual Amount: $2,748.00
  • Tax Assessed Value: 512700
  • Tax Lot: 3-2
  • Tax Year: 2021
Property
Lot Information
  • Above Grade Fin SQFT: 1100.0
  • Below Grade Finished Area: 0.0
  • Building Area Total: 1100.0
  • Living Area: 1,100.00
  • Living Area Source: Public Records
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Square Feet: 0.0
  • Lot Size Units: Square Feet
  • Parcel Number: 33OCEANAV2NSHM
  • Stories: 3
  • Stories Total: 3
  • Property Sub Type Additional: Condominium
Property and Assessments
  • Buyer Financing: Conventional
  • Entry Level: 2
  • New Construction Y N: No
  • Number Of Units In Community: 5
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community Y N: No
  • Year Built: 1954
  • C L I P: 3,839,019,174
Utilities
  • Electric: Amps100
  • Sewer: Public Sewer
  • Water Source: Multiple Meters
Interior and Exterior Features
Exterior Features
  • Foundation Details: Slab
Interior Features
  • Appliances: Gas Water Heater
  • Basement: None
  • Basement Y N: No
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 0
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Laminate, Vinyl
  • Heating: Hot Water, Propane
  • Heating Y N: Yes
  • Interior Features: Stall Shower
  • Levels: One, Three Or More
  • Rooms Total: 3
Room 1
  • Room Type 1: Storage Room
  • Room Level 1: First
Room 2
  • Room Type 2: Kitchen
  • Room Level 2: First
Room 3
  • Room Type 3: Great Room
  • Room Level 3: First
Room 4
  • Room Type 4: Bathroom
  • Room Level 4: First
Room 30
  • Room List: Storage Room, Kitchen, Great Room, Bathroom
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot

Property History for 33 Ocean Avenue, Unit 2

DateEvent & SourcePriceAppreciation
Oct 22, 2022

Sold

Rhode Island Association of REALTORS® #1315441

$630,000—
Oct 20, 2022

Sold (Public Record)

Public Record #1528856533

$630,000

+31.3% / yr

Sep 15, 2022

Contract Signed

Rhode Island Association of REALTORS® #1315441

—
DateEvent & SourcePrice
10/22/2022

Sold

Rhode Island Association of REALTORS® #1315441

$630,000
10/20/2022

Sold (Public Record)

Public Record #1528856533

$630,000

+31.3% / yr

09/15/2022

Contract Signed

Rhode Island Association of REALTORS® #1315441

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 33 Ocean Avenue, Unit 2

Taxable ValueLand-Additions$565,600Total-
Tax Record2025$3,258 ($272 / month)
Home Facts
Baths1.5Total Finished SqFt1,100 SqFtAbove Grade Finished SqFt1,100 SqFtStories1StyleMiscellaneous CommercialYear Built1956CountyWASHINGTONAPNBLOC M:06 L:003-02 U:2

Schools near 33 Ocean Avenue, Unit 2

This home is within New Shoreham School District.
Rating
School
Type
Grades
Distance
Block Island School
Public - K to 12
Rating
School
Distance
Block Island School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Ballard Hall Sales Group

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.