News: Front Section
Posted: November 1, 2024
Mott & Chace Sotheby’s International Realty brokers $6.5 million sale in Little Compton, RI
Little Compton, RI Mott & Chace Sotheby’s International Realty completed the sale of 21 Atlantic Dr., for $6.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace Sotheby’s International Realty. Deborah Ladd of Lila Delman Compass represented the buyers.
According to data from the MLS, this is the highest sale in town since November of 2020, when Arnold sold 82 Warrens Point Rd. Additionally, it is the fifth highest sale in Newport County for 2024. Arnold has represented the top four sales.
Offered for the first time in 123 years, the waterfront property on one of Rhode Island’s most beautiful coastal points, has been enjoyed by four generations of the original Cooke family. Inside you’ll find yourself greeted by classic New England charm with the spacious living area serving as the perfect gathering spot for family and friends, with floor to ceiling windows offering picturesque vistas of the surrounding landscape. Outside, with coastal gardens, lawns, ocean breezes and an outdoor covered patio beckoning you to relax in your seaside surroundings.
“I’m honored that my clients chose me to manage the marketing and sale of their very special family property,” said Arnold. “The buyers are extremely fortunate to be taking over the stewardship of this unparalleled Warrens Point jewel.”
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Quick Hits
Columns and Thought Leadership
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
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.