Updated Dec 4, 2024
Historic Waterfront Estate Sold For $12.25 Million In Jamestown RI With Bob Bailey & Cynthia Moretti As Brokers
340 East Shore Road
$12,250,000
$1,887/SF
Building Size
6,490 SF
Asset Type
Single Family
Closing
Nov 8, 2024
About this deal
AI
A single-family home located at 340 East Shore Road, Jamestown, RI, has been sold for $12,250,000. The property spans 6,490 square feet, translating to a price per square foot of $1,888. This estate, identified as "Fowler’s Rocks," is historic and waterfront, contributing to its notable sale price.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $12,250,000
- Address: 340 East Shore Road
- Market: Jamestown, RI
- Square Footage: 6,490
- Price Per Square Foot: $1,888
The transaction was facilitated by brokers Bob Bailey and Cynthia Moretti from Lila Delman Real Estate. This sale represents Rhode Island's highest sale year-to-date and marks the largest single-family home sale in the history of Jamestown.
Players
Jamestown Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.9K per square foot on a published $12.3M for 6,490 square feet (2024).
Visit Cynthia Moretti to view all their deals.
Browse Jamestown single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93