Updated Sep 9, 2024
Single Family Home In Newport, RI Sold For $5.5M With Buyer's Rep Nicole Carstensen & Seller's Rep Justin Mandese
4 Chartier Circle Newport, Rhode Island 02840, USA
$5,500,000
$1,233/SF
Building Size
4,460 SF
Asset Type
Single Family Residence
Closing
Jun 9, 2023
About this deal
AI
A single-family home located at 4 Chartier Circle in Newport, RI, has been sold for a price of $5,500,000. The property spans 4,460 square feet and has a price per square foot of $1,233.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $5,500,000
- Square Footage: 4,460
- Price per Square Foot: $1,233
- Address: 4 Chartier Circle, Newport, RI
- Market: Newport, RI
Nicole Carstensen from Mott & Chace Sotheby’s acted as the buyer's representative in the transaction, while Justin Mandese from Real Broker, LLC represented the seller.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93