Updated Dec 19, 2023
Gustave White Sotheby’s International Realty Acquires SFR Estate In Newport, RI For $7.3M
275 Harrison Avenue, Newport, RI, USA
$7,285,000
$575/SF
Building Size
12,650 SF
Asset Type
Single Family Residence
Closing
Dec 28, 2020
About this deal
AI
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.
On the Map
$7,285,000
$575/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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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.18%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93