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Gustave White Sotheby’s International Realty Acquires SFR Estate In Newport, RI For $7.3M

Property Image
SOLD
$7,285,000
Kendra Toppa
Michelle Kirby
Kate Kirby Greenman
+ 1

Rhode Island

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Single Family Residence12,650 SF
Sold 12/29/2020
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Property Image
SOLD

Gustave White Sotheby’s International Realty Acquires SFR Estate In Newport, RI For $7.3M

275 Harrison Avenue, Newport, RI, USA

See Similar Deals
Single Family Residence12,650 SF
Sold 12/29/2020
Kendra Toppa
Michelle Kirby
Kate Kirby Greenman
+ 1
the dealplayerscompscontact
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Summary

RHODE ISLAND
Asset Type:Single Family Residence
Price Per Square Foot:$575
Total Square Footage:12,650 SF
Transaction Type:Sale

An SFR estate located at 275 Harrison Avenue in Newport, RI has been sold for a price of $7,285,000. The property, known as 'Ker Arvor', spans across 9.1 acres and offers a total square footage of 12,650. This sale marks one of the top five transactions in Newport this year.

Summary of transaction details

  • Property Type: SFR Estate
  • Transaction Amount: $7,285,000
  • Address: 275 Harrison Avenue, Newport, RI
  • Market: Newport, RI
  • SF: 12,650
  • Price per Square Foot: $576
  • Acres: 9.1
  • Price per Acre: $800,550

Kate Leonard and Kendra Toppa from Lila Delman represented the seller in the deal, while Kate Greenman and Michelle Kirby from Gustave White Sotheby’s International Realty represented the buyer. The successful sale of 'Ker Arvor' showcases the expertise and professionalism of these individuals and their respective agencies.

Players

Kate Leonard
Kate Leonard
1 deal$7.3M volume
BROKER
Kendra Toppa
Kendra Toppa
2 deals$23.3M volume
BROKER
Kate Kirby Greenman
Sotheby's International Realty
Kate Kirby Greenman
2 deals$15.2M volume
BROKER
Michelle Kirby
Sotheby's International Realty
Michelle Kirby
2 deals$15.2M volume
BROKER

Details

SOLD
IMAGE: Kate Leonard, Kendra Toppa, Kate Greenman, & Michelle Kirby DATE: 12/29/2020 ADDRESS: 275 Harrison Avenue MARKET: Newport, RI ASSET TYPE: SFR Estate SELLER'S REP: Kate Leonard & Kendra Toppa - Lila Delman BUYER'S REP: Kate Greenman & Michelle Kirby - Gustave White Sotheby’s International Realty SALE PRICE: $7,285,000 SF: 12,650 ~ PPSF $576 ACRES: 9.1 ~ PPA: $800,550 NOTE: Known as 'Ker Arvor', this estate is one of the top five sales in Newport this year.

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Debt Service Coverage Ratio (DSCR)

0.94x

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