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Mott & Chace Sotheby's International Realty And BHHS New England Properties Facilitate $3.6M Sale

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SOLD
$3,600,000

Rhode Island

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Single Family2,547 SF
Sold 04/12/2024
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Property Image
SOLD

Mott & Chace Sotheby's International Realty And BHHS New England Properties Facilitate $3.6M Sale

8 Green Hill Ocean Drive

See Similar Deals
Single Family2,547 SF
Sold 04/12/2024
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Summary

RHODE ISLAND
Asset Type:Single Family
Price Per Square Foot:$1,413
Total Square Footage:2,547 SF
Transaction Type:Sale

The property at 8 Green Hill Ocean Drive in South Kingstown, RI, was recently sold for $3,600,000. This single-family home spans 2,547 square feet, resulting in a price per square foot of $1,413.

Summary of transaction details:

The sale at Green Hill Ocean Dr., Green Hill was facilitated by Mott & Chace Sotheby’s International Realty and BHHS New England Properties, showcasing the collaboration of prominent real estate brokerages in the area.

Players

Michael Himmel
2 deals$6.6M volume(401) 391-9234
BROKER

Regina Livingston
Berkshire Hathaway HomeServices
1 deal$3.6M volume(860) 214-2140
BROKER

Details

SOLD
IMAGE: 04/12/2024 ADDRESS: 8 Green Hill Ocean Drive MARKET: South Kingstown, RI ASSET TYPE: Single Family BUYER'S REP: Regina Livingston - Berkshire Hathaway HomeServices SELLER'S REP: Michael Himmel - Sotheby's International Realty SALE PRICE: $3,600,000 SF: 2,547 ~ PPSF: $1,413 NOTE: Green Hill Ocean Dr., Green Hill fetched $3.6 million in a sale brokered by Mott & Chace Sotheby’s International Realty and BHHS New England Properties.

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

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04