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Chace Sotheby's Intl. Acquires Single Family Home In Newport, RI For $2.6M

Property Image
SOLD
$2,600,000
Eric Kirton
Elizabeth (Liz) Andrews

Rhode Island

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Single Family Residence3,214 SF
Sold 03/11/2021
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Property Image
SOLD

Chace Sotheby's Intl. Acquires Single Family Home In Newport, RI For $2.6M

130 Carroll Avenue, Newport, RI, USA

See Similar Deals
Single Family Residence3,214 SF
Sold 03/11/2021
Eric Kirton
Elizabeth (Liz) Andrews
the dealplayerscompscontact
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Summary

RHODE ISLAND
Asset Type:Single Family Residence
Price Per Square Foot:$809
Total Square Footage:3,214 SF
Transaction Type:Sale

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.

Players

Elizabeth (Liz) Andrews
Sotheby's International Realty
Elizabeth Andrews
1 deal$2.6M volume
BROKER
Eric Kirton
Lila Delman Real Estate
Eric Kirton
4 deals$30.6M volume
BROKER

Details

SOLD
IMAGE: Liz Andrews & Eric Kirton DATE: 03/11/2021 ADDRESS: 130 Carroll Avenue MARKET: Newport, RI ASSET TYPE: Single Family SELLER'S REP: Eric Kirton - Lila Delman RealEstate BUYER'S REP: Liz Andrews Mott - Chace Sotheby's Intl. SALE PRICE: $2,600,000 SF: 3,214 ~ PPSF: $809

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$138,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92