LandVest Achieves Bristol, RI's Highest Residential Property Sale With $8M Sale Of 458 Poppasquash Rd
458 Poppasquash Road Bristol, Rhode Island 02809, USA
$8,000,000
Building Size
—
Asset Type
Single Family
Closing
Aug 1, 2023
AI
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
Bristol 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93