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.
On the Map
$9,750,000
Single Family
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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