508 OLD TOWN ROAD
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Location
508 OLD TOWN ROAD
Mblu
17/ / 027/02 /
Acct#
060300
Owner
FAILTE, INC
Total Market Value
$2,121,900
Appraisal
$2,121,900
PID
1982
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$1,438,100$683,800$2,121,900
Assessment
Valuation YearImprovementsLandTotal
2025$1,438,100$683,800$2,121,900

Parcel Addresses
Additional Addresses

No Additional Addresses available for this parcel


Owner of Record
OwnerFAILTE, INC
Co-Owner
AddressPO Box 1995
508 OLD TOWN ROAD
BLOCK ISLAND, RI 02807
Sale Price$1,750,000
Certificate
Book & Page 0536/0036
Sale Date09/26/2019
Instrument00

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
FAILTE, INC$1,750,000 0536/00360009/26/2019
MORRISON, DAVID & LUCINDA$1,070,000 0258/03111O11/02/2001

Building Information
Building 1 : Section 1
Year Built: 1825
Living Area: 6,112
Replacement Cost: $2,142,337
Building Percent Good: 67
Replacement Cost
Less Depreciation:
$1,435,400
Building Attributes
FieldDescription
Style:B+B / Inn
ModelCommercial
GradeGood
Stories:2 Stories
Occupancy10.00
Ext Wall 1Board & Batten
Exterior Wall 2Wood Shingle
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Plastered
Interior Wall 2Drywall/Sheet
Interior Floor 1Hardwood
Interior Floor 2Carpet
Heating FuelOil
Heating TypeHot Water
AC TypeNone
Bldg UseLG BUS MDL 94
Total Rooms 
Total Bedrms10
Total Baths10
1st Floor Use: 
Heat/ACNONE
Frame TypeWOOD FRAME
Baths/PlumbingABOVE AVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 3,619 3,619
FUSUpper Story, Finished 1,522 1,522
TQSThree Quarter Story 1,294 971
FOPPorch, Open, Finished 180 0
PTOPatio 270 0
UBMBasement, Unfinished 3,242 0
WDKDeck, Wood 1,004 0
   11,131 6,112

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
FPL32 STORY CHIM1.00 UNITS$2,1001

Land
Land Use
Use Code333C
DescriptionLG BUS MDL 94  
ZoneRB
Neighborhood0500
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)2.37
Frontage
Depth
Total Market Land$683,800
Appraised Value$683,800

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
SHD1SHED FRAME  105.00 S.F.$6001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$1,345,400$438,900$1,784,300
2023$1,325,900$438,900$1,764,800
2022$1,325,900$438,900$1,764,800

Assessment
Valuation YearImprovementsLandTotal
2024$1,345,400$438,900$1,784,300
2023$1,325,900$438,900$1,764,800
2022$1,325,900$438,900$1,764,800

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