Sold
Last Sold Price
2 beds816 sqft

481 Old Town Rd, Block Island, RI 02807

Single FamilyProperty Type
0.24 acresLot Size
1948Year Built
$1,256/sq ftPrice per sq ft
2 carsParking Spaces

Description

Nestled just minutes from downtown and some of Block Island's best swimming beaches, this delightful 1948 home offers the perfect blend of convenience, character, and charm. Despite its central location, the yard feels like a peaceful garden retreat framed by a graceful Japanese maple and offering partial views of scenic Mill Pond. Inside, the 2-bedroom, 1.5-bath home welcomes you with a warm, inviting atmosphere. Vintage details give the space a sense of history and heart, while cozy living areas...Nestled just minutes from downtown and some of Block Island's best swimming beaches, this delightful 1948 home offers the perfect blend of convenience, character, and charm. Despite its central location, the yard feels like a peaceful garden retreat framed by a graceful Japanese maple and offering partial views of scenic Mill Pond. Inside, the 2-bedroom, 1.5-bath home welcomes you with a warm, inviting atmosphere. Vintage details give the space a sense of history and heart, while cozy living areas create the perfect backdrop for everyday comfort or casual entertaining. One of the property's standout features is the thoughtfully designed accessory structure, built in 2014, offering real value and possibility. A rare find in such a sought-after in-town location, this home is a true gem for buyers looking for something special something with soul, story, and room to grow.
  • Listed by: Carolyn Casady 203.605.2672 carolyn.casady@gmail.com Brokerage DRE #REB.0015012 • Phillips Real Estate
Listing closed: 12/22/2025 12:00 AM • Source: Rhode Island Association of REALTORS®, MLS#: 1395066
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Recent comparable sales

Median sold price

$965,000

Avg days on market

130

Sale-to-list ratio

97.5%

Block Island, RI

9 comparable properties found

$745,000 | 72 West Side Road, Unit 6, Block Island, RI 02807
1/42
1

$745,000

Sold 09/04/25

2
Bedrooms
843
Square Feet
Unavailable
Acres
$965,000 | 526 Connecticut Avenue, Block Island, RI 02807
1/9
2

$965,000

Sold 09/16/26

3
Bedrooms
1,118
Square Feet
0.44
Acres
$1,152,500 | 387 High Street, Block Island, RI 02807
1/22
3

$1,152,500

Sold 06/27/25

3
Bedrooms
1,344
Square Feet
0.92
Acres
$1,200,000 | 979 Spring Street, Block Island, RI 02807
1/6
4

$1,200,000

Sold 05/07/25

3
Bedrooms
1,248
Square Feet
1
Acres
$1,250,000 | 703 Corn Neck Road, Block Island, RI 02807
1/28
5

$1,250,000

Sold 03/03/25

3
Bedrooms
1,326
Square Feet
0.26
Acres
$715,000 | 460 Chapel Street, Unit 3, Block Island, RI 02807
1/38
6

$715,000

Sold 12/11/24

1
Bedrooms
775
Square Feet
Unavailable
Acres
7

$770,000

Sold 04/24/25

1
Bedrooms
1.5
Bathrooms
554
Square Feet
Unavailable
Acres
8

$640,000

Sold 11/13/25

2
Bedrooms
2
Bathrooms
1,320
Square Feet
0.06
Acres
$1,750,000 | 113 Corn Neck Road, Unit 2, Block Island, RI 02807
1/2
9

$1,750,000

Sold 08/27/25

2
Bedrooms
1,297
Square Feet
Unavailable
Acres

Location

Listing Courtesy of Phillips Real Estate

Sold By Phillips Real Estate

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$5,863 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,472

Property Taxes

$391

HOA Dues

$0

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Property Information for 481 Old Town Road

Property Details

  • Taxes: $4,688 / year
  • MLS Type: Residential / Single Family Residence
  • Architectural Style: Ranch
  • Waterfront Features: Walk To Water

Building Information

  • Stories: 1
  • Year Built: 1948
  • Lot Size: 0.24 AC / 10,454 SF

Summary

Location and General Information
  • City: Block Island
  • Community Features: Restaurant, Shopping
  • Postal City: Block Island
  • Postal Code: 02807
  • State Or Province: RI
  • Zoning: RB
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 2
Taxes and HOA Information
  • Tax Annual Amount: $4,688.00
  • Tax Assessed Value: 849200
  • Tax Lot: 57
  • Tax Map Number: 6
  • Tax Year: 2024

Property

Lot Information
  • Above Grade Fin SQFT: 816.0
  • Below Grade Finished Area: 0.0
  • Building Area Total: 816.0
  • Frontage Length: 128
  • Living Area: 816.00
  • Living Area Source: Public Records
  • Lot Size Acres: 0.24
  • Lot Size Area: 10454.0
  • Lot Size Square Feet: 10454.0
  • Lot Size Units: Square Feet
  • Parcel Number: 481OLDTOWNRDNSHM
  • Stories: 1
  • Stories Total: 1
  • Property Sub Type Additional: Single Family Residence
Property and Assessments
  • Buyer Financing: Conventional
  • New Construction Y N: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community Y N: No
  • Year Built: 1948
  • C L I P: 8,858,481,852
Utilities
  • Electric: Amps100
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Interior and Exterior Features

Exterior Features
  • Exterior Features: Deck
  • Foundation Details: Combination
Interior Features
  • Appliances: Oil Water Heater
  • Basement: Partial, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood, Laminate
  • Heating: Baseboard, Oil
  • Heating Y N: Yes
  • Interior Features: Attic, Permanent Attic Stairs, Tub Shower
  • Levels: One
  • Patio And Porch Features: Deck
  • Rooms Total: 4

Rental

Rental Information
  • Land Lease Y N: No

Property History for 481 Old Town Road

DateEvent & SourcePriceAppreciation
Dec 22, 2025

Sold

Rhode Island Association of REALTORS® #1395066

$1,025,000—
Dec 18, 2025

Sold (Public Record)

Public Record #1925101965

$1,025,000—
Dec 2, 2025

Contract Signed

Rhode Island Association of REALTORS® #1395066

—
DateEvent & SourcePrice
12/22/2025

Sold

Rhode Island Association of REALTORS® #1395066

$1,025,000
12/18/2025

Sold (Public Record)

Public Record #1925101965

$1,025,000
12/02/2025

Contract Signed

Rhode Island Association of REALTORS® #1395066

—

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

Public records

481 Old Town Road

Baths

1

Total Finished SqFt

816 SqFt

Above Grade Finished SqFt

816 SqFt

Stories

1

Lot Size

10,600 SqFt

Style

Multi-Family Dwelling (2-4)

Schools near 481 Old Town Road

This home is within New Shoreham School District.
Rating
School
Type
Grades
Distance
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 481 Old Town Road, Block Island, RI 02807
$1,025,000
2
816
10,454
$595,000
3
1,404
346,302
$155,000
2
1
658
11,000
–
–
3
1,808
11,200
$675,000
3
1,200
6,534
–
–
2
1,296
5,000

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 Phillips Real Estate

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.