Updated Dec 4, 2024
Lori DelSesto Of Re/Max Represents Buyer In $9.75M Sale Of North Kingstown Estate
109 Cottrell Road
$9,750,000
Building Size
—
Asset Type
Single Family
Closing
Nov 8, 2024
About this deal
AI
The property involved in this transaction is a single-family home located at 109 Cottrell Road in North Kingstown, RI. The sale price of the asset was $9,750,000. The estate encompasses over nine acres of land along Narragansett Bay and includes features such as a private beach, deep-water dock, and a 6,000-square-foot home designed in a Nantucket style.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,750,000
- Address: 109 Cottrell Road
- Market: North Kingstown, RI
- Buyer's Representative: Lori DelSesto - Re/Max
- Seller's Representative: Erin Marsh - Sotheby's International Realty
Mott & Chace Sotheby’s International Realty was responsible for brokering the transaction, highlighting the significant role of the firm in facilitating the sale of this luxury estate.
Players
Saunderstown Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93