Updated Dec 4, 2024
Lila Delman Compass Facilitates $4.05M Sale Of Single Family Home On Payne Road, Block Island
1456 Payne Road
$4,050,000
$727/SF
Building Size
5,568 SF
Asset Type
Single Family
Closing
Feb 9, 2024
About this deal
AI
Rosemary Tobin from the Block Island office of Compass facilitated the sale of a single-family home located at 1456 Payne Road in Block Island, RI. The property was sold for $4.05 million. The home spans across 5,568 square feet and was sold at a price per square foot of $727.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $4,050,000
- Address: 1456 Payne Road, Block Island, RI
- Market: Block Island, RI
- Broker: Rosemary Tobin - Compass
Lila Delman Compass represented the seller in this transaction. No additional information is available regarding the individuals involved or the parties represented.
Players
Block Island 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
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93