503 Old Town Rd

Block Island, RI 02807

$1,080,000
Last Sold Price
4
Beds
2,700 Sq. Ft.
$400 / Sq. Ft.
2,700
Sq. Ft.
$400
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 11/12/20Virtual Tour
Closed 11/12/20Virtual Tour

Description

Own a piece of Block Island history in this spacious year-round home from 1850. What was once known as "The Parsonage", this 4 bedroom, 3 full bathroom house has a large, open floor plan with gleaming hardwoods throughout and high ceilings. With numerous updates over the years, there are still bits of historic detail warmly peeking through. Perched high on a grassy knoll, one can appreciate the privacy this lot has to offer while still being less than a mile to town. The property is conveniently...Own a piece of Block Island history in this spacious year-round home from 1850. What was once known as "The Parsonage", this 4 bedroom, 3 full bathroom house has a large, open floor plan with gleaming hardwoods throughout and high ceilings. With numerous updates over the years, there are still bits of historic detail warmly peeking through. Perched high on a grassy knoll, one can appreciate the privacy this lot has to offer while still being less than a mile to town. The property is conveniently located between Old and New Harbors and is walking distance to conservancy trails. This fine example of Mansard design boasts a fantastic covered front porch overlooking a tranquil pond, and provides an easy way to watch the world go by. A 468 sq. ft. garage on the property has a new roof and provides a great additional storage area. Strong rental history.
  1. Listed by Jennifer Phillips • Brokerage DRE #REB.0015012 • Phillips Real Estate
    P: (401)-466-8806 info@phillipsonbi.com

Property Details for 503 Old Town Road

Architectural Style
Colonial
LISTING CLOSED: 11/12/2020 12:00 AM

Property Details for 503 Old Town Road

StatusClosed
MLS #1260485
Days on Market105
Taxes$3,835 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1850
Lot Size1.38 AC / 60,113 SF
CountyWashington County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Phillips Real Estate

Sold By Block Island Realty

Add your commute

Virtual Tour

Building Information for 503 Old Town Road

Stories2Year Built1850Building Size-Lot Size1.38 AC / 60,113 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$5,809 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,490

Property Taxes

$320

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 503 Old Town Road

Summary
Location and General Information
  • City: Block Island
  • Postal City: Block Island
  • Postal Code: 02807
  • State Or Province: RI
  • Zoning: RB
  • Human Modified Y N: No
Parking
  • Attached Garage Y N: No
  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage Y N: Yes
  • Parking Features: Detached, Garage
  • Parking Total: 5
Taxes and HOA Information
  • Tax Annual Amount: $3,835.00
  • Tax Assessed Value: 788900
  • Tax Lot: 50-1
  • Tax Year: 2018
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 1766.0
  • Below Grade Finished Area: 934.0
  • Building Area Total: 2700.0
  • Living Area: 2,700.00
  • Living Area Source: Public Records
  • Lot Size Acres: 1.38
  • Lot Size Area: 60113.0
  • Lot Size Square Feet: 60113.0
  • Lot Size Units: Square Feet
  • Parcel Number: 503OLDTOWNRDNSHM
  • Stories: 2
  • Stories Total: 2
  • Property Sub Type Additional: Single Family Residence
Property and Assessments
  • Buyer Financing: Cash
  • New Construction Y N: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community Y N: No
  • Year Built: 1850
  • C L I P: 1,963,203,199
Utilities
  • Electric: Amps200Or More
  • Sewer: Septic Tank
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Foundation Details: Stone
Interior Features
  • Appliances: Oil Water Heater
  • Basement: Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 4
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood
  • Heating: Hot Water, Oil
  • Heating Y N: Yes
  • Interior Features: Stall Shower, Tub Shower
  • Levels: Two
  • Rooms Total: 7
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 503 Old Town Road

DateEvent & SourcePriceAppreciation
Nov 12, 2020

Sold (Public Record)

Public Record #685026668

$1,080,000

+2.8% / yr

Nov 12, 2020

Sold

Rhode Island Association of REALTORS® #1260485

$1,080,000—
Jul 30, 2020

Listed (Active)

Rhode Island Association of REALTORS® #1260485

$1,225,000—
DateEvent & SourcePrice
11/12/2020

Sold (Public Record)

Public Record #685026668

$1,080,000

+2.8% / yr

11/12/2020

Sold

Rhode Island Association of REALTORS® #1260485

$1,080,000
07/30/2020

Listed (Active)

Rhode Island Association of REALTORS® #1260485

$1,225,000

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

Public Records for 503 Old Town Road

Taxable ValueLand$509,800Additions$467,300Total$977,100
Tax Record2025$5,628 ($469 / month)
Home Facts
Beds4Baths3Total Finished SqFt1,766 SqFtAbove Grade Finished SqFt1,766 SqFtUnfinished Basement SqFt934 SqFtStories2Lot Size60,113 SqFtStyleSingle Family ResidenceYear Built1850Year Renovated1850ZoningRBCountyWASHINGTONAPNBLOC M:17 L:050-01

Schools near 503 Old Town Road

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.

Similar Homes

Nearby off-market homes

AddressSold priceBedsBathsSqftLot AC
499 Old Town Road, Block Island, RI 02807
$825,000
3
1
1,056
0.38
1552 Old Town Road, Block Island, RI 02807
–
3
2
2,352
1.48
498 Old Town Road, Block Island, RI 02807
–
2
2
1,792
0.82
1553 Old Town Road, Block Island, RI 02807
$840,000
2
1,694
1.05
1161 Old Town Road, Block Island, RI 02807
–
–
2
1,536
1.02

Explore Nearby Homes

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.

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.