Updated Dec 21, 2023
Chace Sotheby's Intl. Acquires Single Family Home In Newport, RI For $2.6M
130 Carroll Avenue, Newport, RI, USA
$2,600,000
$809/SF
Building Size
3,214 SF
Asset Type
Single Family Residence
Closing
Mar 10, 2021
About this deal
AI
A single-family property located at 130 Carroll Avenue in Newport, RI was recently sold for a total of $2,600,000. The transaction took place on 03/11/2021, with a total square footage of 3,214. The price per square foot for this property was approximately $809. The seller's representative in this deal was Eric Kirton from Lila Delman Real Estate, while the buyer was represented by Liz Andrews Mott from Chace Sotheby's Intl.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $2,600,000
- Address: 130 Carroll Avenue, Newport, RI
- Market: Newport, RI
Liz Andrews Mott from Chace Sotheby's Intl. represented the buyer in this transaction, while Eric Kirton from Lila Delman Real Estate acted as the seller's representative. The deal involved key individuals and companies, reflecting the active real estate market in Newport, RI.
On the Map
$2,600,000
$809/SF
Single Family Residence
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Players
Newport Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $809 per square foot on a published $2.6M for 3,214 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93