News: Front Section
Posted: June 3, 2022
Mott & Chace Sotheby’s International Realty completes sale of 43 Ashurst Ave. for $5 million
Middletown, RI Mott & Chace Sotheby’s International Realty completed the sale of 43 Ashurst Ave. for $5 million. Kylie McCollough, sales associate of Mott & Chace Sotheby’s, represented the seller and Janet Kermes, sales associate of Mott & Chace Sotheby’s, represented the buyer.
According to data available from Rhode Island Multiple Listing Service, the sale of 43 Ashurst Ave. is the highest sale in town this year. Kermes also represented the buyers of 192 Allston Ave., third most expensive home in town this year, one week before. With nearly $13 million in total sales volume in town year to date, the firm is currently ranked #1 with 25% of the market share in total sales volume.
The property, to be completed by October, was developed by Vento Management LLC. Newly designed with an ocean view, the home is sited on 1.2 private acres and offers quality construction with the finest finishes and amenities.
“After two attempts to buy elsewhere on Aquidneck Island, we toured the property on Ashurst and met the owner developer renovating the property,” said Kermes. “In less than a week, we had a done deal! I have very happy buyers and could not be prouder of the collaborative nature of my fellow Mott & Chace Sotheby’s International Realty agents.”
“High end deals are happening when the sellers are connected to the right buyer,” said McCollough. “The Sotheby’s International Realty network allows us to find our clients exactly what they are looking for. We are seeing some of the best deals come together through the power of local expertise with the worldwide reach of this iconic brand."
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.
Columns and Thought Leadership
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
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.
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.
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,