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Compass Sells Single Family Home In Barrington, RI For $5.6M

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SOLD
$5,600,000

Rhode Island

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Single Family5,096 SF
Sold 11/10/2023
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SOLD

Compass Sells Single Family Home In Barrington, RI For $5.6M

330 Rumstick Road

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Single Family5,096 SF
Sold 11/10/2023
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Summary

RHODE ISLAND
Asset Type:Single Family
Price Per Square Foot:$1,098
Total Square Footage:5,096 SF
Transaction Type:Sale

Compass successfully sold Windy Acres, a single-family property located at 330 Rumstick Road in Barrington, RI. The property was sold for $5,600,000, closing above its asking price after merely four days on the market. Windy Acres spans 5,096 square feet, with a price per square foot of $1,099.

Summary of transaction details

Lisa Schryver and Elizabeth Kirk, both representing Compass, were the brokers involved in this successful transaction. They played a crucial role in ensuring the sale of Windy Acres at a price higher than the initial asking price. The quick four-day turnaround in the market demonstrates the effectiveness of their expertise and negotiation skills.

Players

Elizabeth Kirk
3 deals$12.9M volume(401) 225-0371
BROKER

Lisa Schryver
Compass
4 deals$14.8M volume(401) 529-5724
BROKER

Details

SOLD
IMAGE: Lisa Schryver & Elizabeth Kirk DATE: 11/10/2023 ADDRESS: 330 Rumstick Road MARKET: Barrington, RI ASSET TYPE: Single Family BROKERS: Elizabeth Kirk & Lisa Schryver - Compass SALE PRICE: $5,600,000 SF: 5,096 ~ PPSF: $1,099 NOTE: Compass successfully sold Windy Acres at 330 Rumstick Rd. for $5.6 million, closing above its asking price after merely four days on the market.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
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