Updated Dec 4, 2024
Deborah Ladd Of Compass Represents Buyer In $6.5M Sale Of 21 Atlantic Drive In Little Compton
21 Atlantic Drive
$6,500,000
Building Size
—
Asset Type
Single Family
Closing
Nov 1, 2024
About this deal
AI
A single-family home located at 21 Atlantic Drive in Little Compton has been sold for $6,500,000. This transaction represents the highest sale in the area since 2020 and is notable as the fifth-highest in Newport County for the year 2024.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $6,500,000
- Buyer’s Representative: Deborah Ladd - Compass
- Seller’s Representative: Cherry Arnold - Sotheby's International Realty
The sale was facilitated by Mott & Chace Sotheby’s International Realty, underscoring their role in achieving a significant transaction in the local real estate market.
Players
Little Compton 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93