502 Old Town Road

Block Island, RI
$ 1,750,000 Beds 6 Baths 3 Sq 2,664
Monthly Estimate* How much can I afford?

Circa 1880, traditional in style, but converted into three apartments, this property offers immediate investment potential on an annual basis or can be converted to a single family home. Each apartment offers 2 bedrooms, 1 bath with laundry hookup, full kitchens, living areas and their own outdoor spaces. 40,636 square feet of land (.87 Acres) located on Old Town Road not far from town and beaches. Renovated over time, with building permits outlining all of the improvements made. This is a one of a kind property on Block Island!

Single Family

  • Price
  • $ 1,750,000
  • Lot Size
  • 0.93 Acres
  • Bedrooms
  • 6
  • Sqr Footage
  • 2,664
  • Full Bathrooms
  • 3
  • Year Built
  • 1880
  • Half Bathrooms
  • 0
  • City, Zip
  • Block Island
  • Taxes
  • $ 4180
  • County
  • WASHINGTON
  • Style
  • Colonial
  • Area
  • Block Island
  • MLS#
  • 1299942
  • Zip
  • 02807
Listing Provided by: Ballard Hall Sales Group LLC
Data Source: Rhode Island Statewide MLS (RIAR)

Features

General

Appliances Oil Water Heater
Architectural Style Colonial
Basement Full, Finished, Walk-Out Access
Community Features Marina, Near Schools, Recreation Area, Shopping, Tennis Court(s)
Construction Materials Drywall, Plaster, Clapboard, Wood Siding
Cooling None
Electric Circuit Breakers
Exterior Features Deck, Porch
Flooring Ceramic Tile, Hardwood
Heating Baseboard, Oil, Zoned
Interior Features Bathtub, Skylights, Tub Shower
Listing Agent State License REB.0014378
Lot Size Square Feet 40636
Other Structures Outbuilding
Patio/Porch Features Deck, Porch
Property Sub Type Additional Single Family Residence
Property SubType Single Family Residence
Property Type Residential
Sewer None
Status Active
Stories 4
Subdivision Name Central
Total Rooms 11
Utilities Sewer Not Available
View Saltwater, Water
Zoning RB

Interior Features

Above Grade Finished Area 1872
Below Grade Finished Area 792
Fireplace Features None
Full Baths 3
Heating Y/N Yes
Living Area 2664
Total Baths 3
Total Bedrooms 6
Window Features Skylight(s)

Exterior Features

Foundation Details Concrete Perimeter, Slab, Stone
Frontage Length 135
Lot Size Acres 0.93
Lot Size Area 40636
Lot Size Units Square Feet
Parking Features No Garage
Total Parking 6
View Y/N Yes
Water Source Well

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Cranston, RI office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

12/9/2021 Listed $1,750,000

Property vs Zip Code Average in 02807

Price
AVG $4.19M
$1.75M
Taxes
AVG $8,826
$4,180
Visits
AVG 119
59
Year Built
AVG 1934
1880

Map

502 Old Town Road Block Island, RI is a Single Family Home for sale at $1750000 with 2664 sqft and a lot size of 0.93 Acres Acre(s). 502 Old Town Road Block Island has 6 bedrooms, 3 baths and was built in 1880. The property's zip code is 02807 which is in Block Island, RI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.