News: Rhode Island
Posted: October 14, 2022
Bellino of Lila Delman Compass sells 250 Ocean Rd. for $5.925 million
Narragansett, RI Lila Delman Compass brokered the sale of 250 Ocean Rd., which was pending sale after just four days on the market and ultimately closed for $400,000 over the original listing price.* Ruth Bellino, sales associate and local office manager, represented the buyer. Midge Berkery, sales associate with Mott & Chace Sotheby’s International Realty, represented the seller.
The sale of 250 Ocean Rd. for $5.925 million marks the highest sale in town since May 2021. Lila Delman Compass has participated in six of the town’s top ten sales this year, more than any other firm.*
“Properties of this caliber in the Ocean Rd. area are singular and rarely become available,” said Bellino. “This home is a true waterfront gem and it was my sincere pleasure to help my valued, long-term clients secure the home of their dreams.”
Sited on one acre overlooking the Atlantic Ocean, this waterfront home has four bedrooms, two bathrooms, a private driveway, and ocean frontage. The ocean views span from the Newport Pell Bridge to Point Judith. The location is within walking distance to the seawall and Pier amenities, and a bike ride to the town beach.
*Sale ranking representation, top 10 sales ranking, days on market, and closing price information is based on information from the Rhode Island Statewide MLS for all sales in Narragansett for the period of May 1, 2021– October 4, 2022. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
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