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664 Third Beach Road

Updated Dec 4, 2024

Lila Delman Compass Brokers Sale Of Meadowgrass In Middletown, RI For $5.9M
SOLDSingle Family

Lila Delman Compass Brokers Sale Of Meadowgrass In Middletown, RI For $5.9M

664 Third Beach Road

$5,900,000

$905/SF

Building Size

6,519 SF

Asset Type

Single Family

Closing

Feb 9, 2024

About this deal

AI

Meadowgrass, located at 664 Third Beach Road in Middletown, RI, was recently sold for $5.9 million. This single-family property sits on a spacious 1.6-acre lot, offering ample room for relaxation and outdoor activities. With a total square footage of 6,519, this property provides plenty of space for comfortable living. The sale price per square foot was $905, showcasing the value of this stunning property.

Summary of Transaction Details

  • Property Type: Single Family
  • Transaction Amount: $5,900,000
  • Address: 664 Third Beach Road, Middletown, RI
  • Market: Middletown, RI
  • Asset Type: Single Family
  • Acres: 1.6

Lila Delman Compass brokered the sale of Meadowgrass. The transaction was represented by Alexandra Thursby from the Newport office. Through her expertise and strong negotiation skills, Alex ensured a successful deal for the buyer, resulting in the acquisition of this remarkable property. The sale of Meadowgrass highlights the exceptional work carried out by the team at Lila Delman Compass.

Players

Alexandra Thursby

Lila Delman Real Estate

Broker

$7.4M

vol

2 deals

Broker

Middletown Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

About $905 per square foot on a published $5.9M for 6,519 square feet (2024).

Visit Alexandra Thursby to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.69%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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