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LandVest Achieves Bristol, RI's Highest Residential Property Sale With $8M Sale Of 458 Poppasquash Rd

Property Image
SOLD
$8,000,000

Rhode Island

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Single Family
Sold 08/01/2023
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Property Image
SOLD

LandVest Achieves Bristol, RI's Highest Residential Property Sale With $8M Sale Of 458 Poppasquash Rd

458 Poppasquash Road Bristol, Rhode Island 02809, USA

See Similar Deals
Single Family
Sold 08/01/2023
the dealplayerscompscontact
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Summary

RHODE ISLAND
Asset Type:Single Family
Transaction Type:Sale

Located at 458 Poppasquash Rd in Bristol, RI, this single-family property recently sold in a closed transaction. The property boasts an impressive sale price of $8,000,000, making it the highest residential property sale in the town to date. Agent Terry Boyle from LandVest represented the property in the deal, which closed on August 1st.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $8,000,000
  • Address: 458 Poppasquash Rd, Bristol, RI
  • Market: Bristol, RI

This successful sale, facilitated by LandVest and agent Terry Boyle, achieved a significant milestone in Bristol's real estate market. With a sale price of $8 million, 458 Poppasquash Rd has set a new record for residential property sales in the town. The closing of this transaction on August 1st marks a noteworthy achievement for all parties involved.

Players

TB
Landvest
Terry Boyle
1 deal$8M volume
BROKER

Details

SOLD
IMAGE: Terry Boyle DATE: 08/01/2023 ADDRESS: 458 Poppasquash Rd MARKET: Bristol, RI ASSET TYPE: Single Family BROKER: Terry Boyle - Landvest SALE PRICE: $8,000,000 NOTE: LandVest achieved the town's highest residential property sale to date as 458 Poppasquash Rd., listed by agent Terry Boyle, closed at $8 million on August 1st.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$426,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98