Updated Dec 4, 2024
Compass Sells Single Family Home In Barrington, RI For $5.6M
330 Rumstick Road
$5,600,000
$1,098/SF
Building Size
5,096 SF
Asset Type
Single Family
Closing
Nov 10, 2023
About this deal
AI
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
- Property Type: Single Family
- Transaction Amount: $5,600,000
- Address: 330 Rumstick Road, Barrington, RI
- Market: Barrington, RI
- Brokers: Elizabeth Kirk & Lisa Schryver - Compass
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
Barrington 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93