Updated Dec 4, 2024
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.
Middletown 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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93