33 Ocean Avenue, Unit 6

Block Island, RI 02807

$675,000
Price
2
Beds
1
Bath
528 Sq. Ft.
$1,278 / Sq. Ft.
528
Sq. Ft.
$1,278
per Sq. Ft.

Description

This two-bedroom, one-bath condominium, situated atop Block Island's Albion Building, offers an unparalleled location in the heart of town, providing VIP access to the island's vibrant entertainment, dining, and shopping scene. With proximity to the ferry, popular restaurants, and the beach, it combines luxury with convenience. Boasting a back penthouse unit encompassing 528 square feet, this property offers both a hassle-free personal retreat and a lucrative investment opportunity. Nightly rentals...This two-bedroom, one-bath condominium, situated atop Block Island's Albion Building, offers an unparalleled location in the heart of town, providing VIP access to the island's vibrant entertainment, dining, and shopping scene. With proximity to the ferry, popular restaurants, and the beach, it combines luxury with convenience. Boasting a back penthouse unit encompassing 528 square feet, this property offers both a hassle-free personal retreat and a lucrative investment opportunity. Nightly rentals are in high demand, making it ideal for year-round use and income generation. Whether you seek a weekend getaway or aspire to start an investment portfolio on Block Island, this condominium offers the flexibility to enjoy the Island on your terms and profit from it when you're not there.

Listing Agent

Property Details for 33 Ocean Avenue, Unit 6

Subdivision Name
Town
Building Name
Albion Building
Waterfront Features
Walkto Water
View
Saltwater, Water
Furnished
Furnished
Pets Allowed
Yes

Location

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LISTING UPDATED: 11/26/2023 12:31 AM

Property Details for 33 Ocean Avenue, Unit 6

StatusActive
MLS #1347836
Days on Market99
Taxes$1,870 / year
HOA Fees$333 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built1956
CountyWashington County

Location

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Building Information for 33 Ocean Avenue, Unit 6

Building/ComplexAlbion BuildingFloor-Stories3Residences-Pet PolicyAllowedYear Built1956

Payment Calculator

$4,173 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,684

Property Taxes

$156

HOA Dues

$333

The Payment Calculator is for illustrative purposes only.

Property Information for 33 Ocean Avenue, Unit 6

Summary
Location and General Information
  • City: Block Island
  • Community Features: Restaurant, Shopping
  • Postal City: Block Island
  • Postal Code: 02807
  • Postal Code Plus4: 7729
  • State Or Province: RI
  • View Y N: Yes
  • Zoning: SC
  • Human Modified Y N: No
Location and General Infromation
  • Complex Name: Albion Building
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: Assigned, No Garage
  • Parking Total: 0
Taxes and HOA Information
  • Association Amenities: Restaurant
  • Association Fee: $333.00
  • Association Fee Frequency: Monthly
  • Tax Annual Amount: $1,870.05
  • Tax Assessed Value: 388300
  • Tax Lot: 3-6
  • Tax Year: 2023
Property
Lot Information
  • Below Grade Finished Area: 0.0
  • Building Area Total: 528.0
  • Living Area: 528.00
  • Living Area Source: Public Records
  • Lot Size Acres: 0.0
  • Lot Size Units: Square Feet
  • Parcel Number: 33OCEANAV6NSHM
  • Stories: 3
  • Stories Total: 3
  • Property Sub Type Additional: Condominium
Property and Assessments
  • Entry Level: 3
  • Entry Location: Third Floor or higher Access
  • New Construction Y N: No
  • Number Of Units In Community: 6
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community Y N: No
  • Year Built: 1956
  • C L I P: 3,777,603,702
Utilities
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck
  • Foundation Details: See Remarks
Interior Features
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: None
  • Basement Y N: No
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 2
  • Cooling: Wall Units
  • Cooling Y N: Yes
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood
  • Heating: Forced Air, Propane
  • Heating Y N: Yes
  • Interior Features: Tub Shower, Furnished
  • Laundry Features: In Unit
  • Levels: One, Three Or More
  • Patio And Porch Features: Deck
  • Rooms Total: 3
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot

Property History for 33 Ocean Avenue, Unit 6

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 33 Ocean Avenue, Unit 6

Taxable ValueLand-Additions$388,300Total-
Tax Record2023$2,338 ($195 / month)
Home Facts
Beds2Baths1Total Finished SqFt528 SqFtAbove Grade Finished SqFt528 SqFtStories3StyleCondominiumYear Built1956CountyWASHINGTONAPNBLOC M:06 L:003-02 U:6

Schools near 33 Ocean Avenue, Unit 6

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.

Similar Homes

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33 Ocean Avenue, Unit 6 is a condo for sale in Block Island, RI 02807. This property was listed for sale on November 15, 2023 by Compass, it's currently listed at $675,000. It has been on the market for a total of 99 days and was last sold on February 10, 2023. This listing's school district is New Shoreham School District. Nearby schools include Block Island School. 33 Ocean Avenue, Unit 6 is a 2-bed, 1-bath, 528 sqft condo built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

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.