Sold
Last Sold Price
5 beds1,265 sqft
558 Center Rd, Block Island, RI 02807
Multi FamilyProperty Type
0.87 acresLot Size
1880Year Built
$387/sq ftPrice per sq ft
3 carsParking Spaces

Description

Rare bank owned multi family on Block Island with a killer bonus - a lovely peek-a-boo view of the ocean from top of the hill. Very unique, buyer must do their own due diligence - no disclosures, sold as is. Great potential!Rare bank owned multi family on Block Island with a killer bonus - a lovely peek-a-boo view of the ocean from top of the hill. Very unique, buyer must do their own due diligence - no disclosures, sold as is. Great potential!
  • Listed by: Cindy Morrison 401.439.3629 cmm21157@gmail.com Brokerage DRE #REC.0010851 • RE/MAX FLAGSHIP, INC.
  • Listed by: Cynthia Morrison 401.439.3629 cmm21157@gmail.com Brokerage DRE #REC.0010851 • RE/MAX FLAGSHIP, INC.
Listing closed: 03/14/2011 12:00 AM • Source: Rhode Island Association of REALTORS®, MLS#: 981965

Recent comparable sales

Median sold price

$2,150,000

Avg days on market

172

Sale-to-list ratio

91.3%

Block Island, RI

9 comparable properties found

$1,660,000 | 557 Center Road, Block Island, RI 02807
1/47
1

$1,660,000

Sold 05/26/26

5
Bedrooms
3,766
Square Feet
0.28
Acres
$2,670,000 | 1632 Lakeside Drive, Block Island, RI 02807
1/47
2

$2,670,000

Sold 09/04/25

5
Bedrooms
3,360
Square Feet
2.5
Acres
$3,350,000 | 1786 Corn Neck Road, Block Island, RI 02807
1/45
3

$3,350,000

Sold 09/11/26

5
Bedrooms
2,675
Square Feet
1.85
Acres
$1,825,000 | 1194 Center Road, Block Island, RI 02807
1/51
4

$1,825,000

Sold 12/03/25

4
Bedrooms
3,770
Square Feet
0.73
Acres
$1,300,000 | 815 Beacon Hill Road, Block Island, RI 02807
1/49
5

$1,300,000

Sold 07/31/25

4
Bedrooms
1,030
Square Feet
2.1
Acres
$1,875,000 | 1090 Old Mill Road, Block Island, RI 02807
1/46
6

$1,875,000

Sold 09/30/24

4
Bedrooms
2,604
Square Feet
2
Acres
$2,150,000 | 1659 Lakeside Drive, Block Island, RI 02807
1/48
7

$2,150,000

Sold 09/04/25

4
Bedrooms
1,688
Square Feet
0.00
Acres
$2,300,000 | 1614 Lakeside Drive, Block Island, RI 02807
1/22
8

$2,300,000

Sold 08/11/26

4
Bedrooms
1,896
Square Feet
2.1
Acres
$2,750,000 | 270 Spring Street, Block Island, RI 02807
1/44
9

$2,750,000

Sold 11/01/24

4
Bedrooms
2,366
Square Feet
1.48
Acres

Location

Listing Courtesy of RE/MAX FLAGSHIP, INC.

Sold By Ballard Hall Real Estate

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$2,781 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,532

Property Taxes

$249

HOA Dues

$0

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Property Information for 558 Center Road

Property Details
  • Taxes: $2,986 / year
  • MLS Type: Residential Income / Multi Family
  • Subdivision Name: CENTER ROAD
  • View: Saltwater, Water
Building Information
  • Stories: 2
  • Residences: 2
  • Year Built: 1880
  • Lot Size: 0.87 AC / 37,897 SF
Summary
Location and General Information
  • City: Block Island
  • Community Features: Marina, Shopping
  • Postal City: Block Island
  • Postal Code: 02807
  • State Or Province: RI
  • View Y N: Yes
  • Zoning: RA
  • 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: 3
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Annual Amount: $2,986.10
  • Tax Assessed Value: 815000
  • Tax Lot: 090
  • Tax Map Number: 16
  • Tax Year: 2010
Property
Lot Information
  • Above Grade Fin SQFT: 1265.0
  • Building Area Total: 1265.0
  • Living Area: 1,265.00
  • Living Area Source: Public Records
  • Lot Size Acres: 0.87
  • Lot Size Area: 37897.0
  • Lot Size Square Feet: 37897.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Parcel Number: 558559CENTERRDNSHM
  • Stories Total: 2
Property and Assessments
  • Business Type: Other
  • Buyer Financing: Conventional
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1880
  • C L I P: 9,330,299,332
Utilities
  • Electric: Circuit Breakers
  • Sewer: Septic Tank, Unknown
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
Interior Features
  • Appliances: Oil Water Heater
  • Basement: Partial, Partially Finished, Walk Out Access
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 5
  • Cooling: None
  • Cooling Y N: No
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Carpet
  • Heating: Hot Water, Oil
  • Heating Y N: Yes
  • Laundry Features: Common Area
  • Patio And Porch Features: Deck
  • Rooms Total: 10
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $.00
  • Description: SMALL HOUSE 464 SF
  • Total Rent: $.00
  • Occupant Type: Vacant
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $.00
  • Description: MAIN HOUSE 1265 SF
  • Total Rent: $.00
  • Occupant Type: Vacant
  • Baths Total: 3
  • Beds Total: 3
  • Num of Full Baths: 2
  • Num of Half Baths: 1

Property History for 558 Center Road

DateEvent & SourcePriceAppreciation
Mar 15, 2011

Sold (Public Record)

Public Record #306362313

$490,000

+22898.8% / yr

Mar 14, 2011

Sold

Rhode Island Association of REALTORS® #981965

$490,000
Feb 3, 2011

Contract Signed

Rhode Island Association of REALTORS® #981965

DateEvent & SourcePrice
03/15/2011

Sold (Public Record)

Public Record #306362313

$490,000

+22898.8% / yr

03/14/2011

Sold

Rhode Island Association of REALTORS® #981965

$490,000
02/03/2011

Contract Signed

Rhode Island Association of REALTORS® #981965

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

Public Records for 558 Center Road

Taxable ValueLand$393,500Additions$608,600Total$1,002,100
Tax Record2025$5,772 ($481 / month)
Home Facts
Lot Size38,000 SqFtStyleMulti-Family Dwelling (2-4)ZoningRACountyWASHINGTONAPNBLOC M:16 L:090

Schools near 558 Center 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: 558 Center Road, Block Island, RI 02807
$490,000
5
1,265
37,897
3
2
1,602
43,560
33,488
$1
$360,000
47,916
$1,050,000
3
1,493

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 RE/MAX FLAGSHIP, INC.

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.