News: Rhode Island

Marion of Mott & Chace sells 512 Seven Mile Rd. for $1.8m

Scituate, RI Mott & Chace Sotheby’s International Realty sold the home at 512 Seven Mile Rd. for $1.8 million. Kimberly Marion, sales associate of Mott & Chace Sotheby’s International Realty, represented the seller. Beth DeSista of Residential Properties, Ltd. represented the buyer.

According to data available from Rhode Island Statewide Multiple Listing Service, 512 Seven Mile Rd. is the most expensive home to sell in Scituate in MLS history. The record was previously held by 23 Overlook Trail, which was sold by the firm in the summer of 2021. Agents of Mott & Chace Sotheby’s International Realty have represented clients in three of the top five sales in Scituate year to date.

“White Rail Farm” is a custom-built residence set on two acres surrounded by nature. Features include imported Italian kitchen cabinets, radiant heat floors, and a four-stall barn with custom designed fronts. The home offers four bedrooms, four- and one-half bathrooms, and nearly 4,000 s/f of living space.

“Surrounded by 65 acres of conservation land, this home is simply magnificent,” said Marion. “The privacy and luxury are obvious as you arrive at the front door. “White Rail Farm” is the perfect place to escape to while offering convenience to the highway and cities.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary