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Backup Offers

460 Chapel St Unit 3, Block Island, RI, 02807

$750,000

Home List Price

$8,906*

Closing Credit

1 Bedroom
1 Full Bath
775 SqFt
$968/SqFt
Condo

Location

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460 Chapel St Unit 3, Block Island$750,000

Buyer Closing Credits

$8,906*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingNo Garage, Unassigned
Year Built1968
HeatingHot Water, Oil
CoolingWindow Unit(s)
BasementYes
FireplaceNone
MLS #1361690
Lot Size0.26 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 460 Chapel St Unit 3

Discover the perfect blend of convenience and investment potential with this top-floor one-bedroom, one-bathroom condo in Chapel Cottage, located in the heart of Block Island's Old Harbor. Offering 775 square feet of open living space, this condo features a spacious living room, kitchen, and dining area that seamlessly extends to a significant deck, ideal for indoor-outdoor living. The unique crisscross stairway leads to a cozy upstairs bedroom and full bath. Situated just steps away from the ferry, popular restaurants, and the beach, this condo is perfect for enjoying the vibrant Island life. Designed for hassle-free ownership, this property ensures that you can relax and enjoy your time. With Block Island's high demand for nightly rentals, this property presents an excellent opportunity to generate consistent income when you're not using it. Use it as your personal getaway and capitalize on its prime location to maximize rental potential, making this charming condo a smart addition to your investment portfolio. Old Harbor Commercial Zone- zoned for residential/commercial.

Property Details

Property Features

Property Information:

  • Year Built: 1968
  • Stories: 1
  • Living Area: 775 SqFt

Listing Office:

  • Office Name: Lila Delman Compass
  • Office Phone: (401) 466-8777

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: Tub Shower
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Parking: No Garage, Unassigned

Lot Features

Lot Information:

  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Oil
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Block Island School, Public District Grades KG-12

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
  • Price Per SqFt: $968/SqFt

HOA Fees:

  • Amount: $233
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Block Island, RI.

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Block Island, RI

City

Med. Sold Price

$1.5M

Med. Price/SqFt

$730

Avg. Days On Market

38

# of Sold Homes

6

460 Chapel St Unit 3 vs Block Island

139 DAYS ON ROCKET

+101 Days

$750,000

-$750K Less

$968/SqFt

+$237 More

KEY TAKEAWAY

This property is $750K less than the Median Sold Price and $237/SqFt more than other homes in Block Island, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1361690

Listing Office:

  • Office Name: Lila Delman Compass
  • Office Phone: (401) 466-8777

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/1/2024, 12:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$4,044

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-921836
7
/10

  • Block Island School

  • High St

  • 0.58 miles

  • Public District Grades KG-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $83,464. The most common annual income of people living in Block Island, RI is between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 460 Chapel St Unit 3

What is the listing price of this property?

The listing price of 460 Chapel St Unit 3 property is $750,000.

What type of property is this?

The property 460 Chapel St Unit 3 is a condo located in Block Island, Rhode Island, 02807.

Is this property for sale now?

Accepting Backup Offers: 460 Chapel St Unit 3 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 460 Chapel St Unit 3 are:
Block Island School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 460 Chapel St Unit 3 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 460 Chapel St Unit 3 is 775 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 460 Chapel St Unit 3 is 1968.

Rocket Homes›Rhode Island›Washington County›Block Island›02807›460 Chapel St Unit 3

This home is located at 460 Chapel St Unit 3 in Block Island, RI and zip code 02807. This 775 square foot home, which was built in 1968, sits on a 0.26 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since June 14, 2024 and is currently priced at $750,000.

In September 2024, from all listings sold in Block Island, RI there were more than 2 sold above asking price, over 3 sold below and more than 1 were sold right at the asked price. While the average time on the market in September 2024 was 38 days, the median list price was $1,500,000.

From Rocket Homes Real Estate and based on county public records data.

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