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503 Old Town Rd; Block Island, RI Property Details

503 Old Town Rd, Block Island, RI is a Single Family that was built in 1850. This property is currently a cash purchase and is not for sale. Our records show that 503 Old Town Rd has 4 bedrooms, and 3 bathrooms, and a total of 1,766 square feet. The lot size of 503 Old Town Rd is 60,113 square feet.

Off market
503 Old Town Rd Block Island, RI 02807
$1,080,000 Listing Price
4 Beds
3 Baths
1,766 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1850
  • Purchase Price: $1,080,000
  • Open Loans / Balance: 2 / $653,126
  • Est. Equity / %: $1,370,874 / 67.73%
  • Gross Yield: 4.243%
  • APN: BLOC M:17 L:050-01
  • Situs County: Washington
  • Length Of Ownership: 5 years, 9 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Total Rooms: 5

Structure

  • Stories: 2
  • Exterior Wall Type: Wood Siding
  • Building Condition: Average
  • Roof Type: Mansard
  • Roof Cover Type: Asphalt
  • Deck: true

Measurements

  • Total: 1,766/SqFt
  • Lot: 60,113/SqFt
  • Gross: 3,180/SqFt
  • Living: 1,766/SqFt
  • Basement: 934/SqFt
  • Building: 1,766/SqFt
  • Ground: 934/SqFt
  • Basement Unfinished: 934/SqFt
  • Price Per Square Foot: $611.55
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: New Shoreham School District
  • Lat / Lon: 41.17192 / -71.57324
  • Property Class: Residential
  • Zoning: RB
  • County Use Code: 101

Amenities

  • Heating Fuel Type: Oil
  • Garage: Garage
  • Heating: Hot Water

Ownership Info

503 Old Town Rd has no associated ownership info
503 Old Town Rd has no associated ownership info.

Taxes

503 Old Town Rd has 7 associated Taxes items

503 Old Town Rd, Block Island, RI pays taxes in Washington County, RI. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $977,100. The APN we've located for 503 Old Town Rd is BLOC M:17 L:050-01.

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Taxes
  • Assessed Value:  $977,100
  • Assessed Year:  2025
  • Assessed County:  Washington
  • APN:  BLOC M:17 L:050-01
  • Assessed Land Value:  509800
  • Tax Amount:  5628
  • Tax Year:  2025

Tax History

503 Old Town Rd has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $977,100 Land Value $509,800 Improvement Value $467,300 Tax Amount $5,628 Change Rate +0.03513% Assessed CR Tax Rate +0.00576%
Year 2024 Assessed Value $984,900 Land Value $509,800 Improvement Value $475,100 Tax Amount $5,437 Change Rate -0.082982% Assessed CR Tax Rate +0.00552%
Year 2023 Assessed Value $984,900 Land Value $509,800 Improvement Value $475,100 Tax Amount $5,929 Change Rate +0.326992% Assessed CR Tax Rate +0.00602%
Year 2022 Assessed Value $631,120 Land Value $453,520 Improvement Value $177,600 Tax Amount $4,468 Change Rate +0.056515% Assessed CR Tax Rate +0.007079%
Year 2021 Assessed Value $631,120 Land Value $453,520 Improvement Value $177,600 Tax Amount $4,229 Change Rate +0.053563% Assessed CR Tax Rate +0.006701%
Year 2020 Assessed Value $631,120 Land Value $453,520 Improvement Value $177,600 Tax Amount $4,014 Change Rate +0.032407% Assessed CR Tax Rate +0.00636%
Year 2019 Assessed Value $631,120 Land Value $453,520 Improvement Value $177,600 Tax Amount $3,888 Change Rate +0.031554% Assessed CR Tax Rate +0.00616%
Year 2018 Assessed Value $644,560 Land Value $453,520 Improvement Value $191,040 Tax Amount $3,769.07 Change Rate -0.0021% Assessed CR Tax Rate +0.005848%
Year 2017 Assessed Value $644,560 Land Value $453,520 Improvement Value $191,040 Tax Amount $3,777 Change Rate +0.02441% Assessed CR Tax Rate +0.00586%
Year 2016 Assessed Value $644,560 Land Value $453,520 Improvement Value $191,040 Tax Amount $3,687 Change Rate -0.280585% Assessed CR Tax Rate +0.00572%
Year 2015 Assessed Value $930,200 Land Value $680,300 Improvement Value $249,900 Tax Amount $5,125 Change Rate +0.03181% Assessed CR Tax Rate +0.00551%
Year 2014 Assessed Value $930,200 Land Value $680,300 Improvement Value $249,900 Tax Amount $4,967 Change Rate +0.024969% Assessed CR Tax Rate +0.00534%
Year 2013 Assessed Value $930,200 Land Value $680,300 Improvement Value $249,900 Tax Amount $4,846 Change Rate Assessed CR Tax Rate +0.00521%