Updated Sep 5, 2024
Warwick Single Family Home Sells For Record-Breaking $2.2M, Represented By Donna Conway & Amy I. Doorley-Lucas - Mott & Chace Sotheby’s International Realty
444 Narragansett Bay Avenue Warwick, Rhode Island 02889, USA
$2,200,000
$376/SF
Building Size
5,839 SF
Asset Type
Single Family Residence
Closing
Jul 6, 2023
About this deal
AI
An 1875-era home located at 444 Narragansett Bay Avenue in Warwick, RI has sold for a record-breaking price of $2.2 million, making it the highest-priced sale of the year in the city. The property is a single-family home with a spacious 5,839 square feet of living space. Situated on two waterfront acres, the property offers stunning views. In addition to the main house, it features an in-ground pool, a guest house, and a separate carriage house with a four-bay garage.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $2,200,000
- Address: 444 Narragansett Bay Avenue, Warwick, RI
- Market: Warwick, RI
The sale of this historic property was facilitated by Donna Conway and Amy I. Doorley-Lucas of Mott & Chace Sotheby’s International Realty, who represented the buyer and seller in the transaction. Their expertise in the local real estate market was instrumental in securing the successful sale.
Players
Warwick Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $376 per square foot on a published $2.2M for 5,839 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93