Updated Dec 18, 2023
Annie Becker Sells Single Family Home On Ridge Road In Newport, RI For $13.97M
11 Ridge Road, Newport, Rhode Island 02840, United States
$13,970,000
$698/SF
Building Size
19,998 SF
Asset Type
Single Family Residence
Closing
Dec 15, 2021
About this deal
AI
Annie Becker of Lila Delman Compass recently facilitated the sale of a single-family property located at 11 Ridge Road, Newport, RI. Situated on 1.8 acres of land, this property offers a spacious and private setting.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $13,970,000
- Market: Newport, RI
- Address: 11 Ridge Road
- Asset Type: Single Family
- Acres: 1.8
The transaction was represented by Annie Becker from Lila Delman Compass. Her expertise in the Newport real estate market played a crucial role in ensuring the successful completion of the sale.
Players
Newport Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $698 per square foot on a published $14M for 19,998 square feet (2021).
Visit Annie Becker to view all their deals.
Browse Rhode Island single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.14%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93