Blog • January 5, 2022

Mott & Chace Sotheby’s International Realty Announces Top Sale in Portsmouth by Kylie McCollough

by Mott & Chace Sotheby's International Realty

The grand waterfront home at 378 Vanderbilt Lane has sold for $2,900,000. Kylie McCollough, Sales Associate of Mott & Chace Sotheby’s International Realty, represented the seller and facilitated the sale on behalf of the buyer.

Among the top ten most expensive homes in Portsmouth sold in the last twelve months, the French Chateau style home with panoramic views of the Sakonnet Coastline is sited on over 1.5 acres of elevated pastoral land. This graceful estate has been completely renovated inside and out for a lifestyle of modern elegance. According to data available from Rhode Island Multiple Listing Service, Kylie McCollough represented clients in three of the top ten Portsmouth sales over the last year.

“A beautiful home in an even more beautiful location! This compound is the ultimate in year-round entertaining,” says Kylie McCollough.

Agents of Mott & Chace Sotheby’s International Realty take a sophisticated and artful approach to marketing to unite extraordinary homes with extraordinary lives. Backed by the power of an exclusive luxury brand, the firm continues to raise the bar.

This information is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. These properties may have been sold by other real estate companies. Data maintained by the MLS may not reflect all real estate activity in the market. Data is based on information from Rhode Island Statewide Multiple Listing Service through 1/5/2022.

Featured • January 3, 2022

What You Can Buy in Rhode Island for $500,000

by Mott & Chace Sotheby's International Realty

What You Can Buy in Rhode Island for $500,000

Do you like the Barrington schools? How about the Newport-style? The folks at Mott & Chace Sotheby’s International have a great collection of homes for around $500,000.

Take a tour across the East Bay with stops in Barrington and Warren and then jump over to Aquidneck Island to complete the trip.

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87 Anoka Avenue | Barrington | $525,000
Listed by Midge Berkery

Charming 3 Bedroom, 2 Full Bath colonial is located just steps from town, shopping, YMCA and the East Bay Bike Path. The sun-filled front porch welcomes you into this fully renovated home! The first floor has gorgeous hardwood floors, high ceilings and new windows. Two large front rooms offer plenty of space for entertaining, dining or relaxing by the TV. A full bathroom is conveniently located off the kitchen area. The bright kitchen boasts stainless appliances, a gorgeous island with quartz countertop, and plenty of counter space. The glass sliding door in the kitchen leads to a deck overlooking the backyard. An oversized shed, complete with electricity, offers plenty of room for garden tools, yard equipment, and other storage items. Three generous-sized bedrooms and another full bath complete the second floor. Plenty of additional storage in the attic space. The large basement has several windows allowing for natural light to fill the room – Great potential for a home gym, office space or play area. Nayatt school, the NEW Middle School and High School are all within a few miles of this home.

7 Pine Lane | Warren | $465,000

Listed by Sarah Huard

Welcome to warm and inviting 7 Pine Lane located in a highly sought-after neighborhood in Warren! This well-maintained saltbox-style home offers 2159 sq feet of living space on two floors. The main floor features a large, updated, eat-in kitchen with gorgeous granite, dual ovens with gas cooktop, ample cherry cabinetry and a new slider offering easy access to the 44 foot Trex deck. The kitchen opens to a large living room featuring a focal brick fireplace with a gas insert. Stunning oak hardwoods, and plentiful recessed lights & abundant windows add to the warmth felt throughout. Find a full bath with granite vanity on floor one as well as the primary bedroom and second bedroom; both with double closets. Optimal storage is found in the attic along with a valuable RISE audit with efficiency swaps made throughout the house. Lower living is extensive with a generous family room with a wood fireplace, a walkout to the second driveway, a large 3rd bedroom, and another updated full bath. Care for flex space? Find it in the 4th bedroom/office which hosts the laundry closet. Sellers spared no expense when they bought 9 years ago. New electrical wiring, high-efficiency boiler & water tank, architectural roof, Trex deck, and the addition of a mini-split/heat exchanger all were executed. 4-year-old solar panels to convey; note payment is negotiable. Come see this truly turn-key home with incredible value-adds, curb appeal, and a warmth that resonates at 7 Pine Lane in Warren!

46 Rear Thurston Avenue | Newport | $530,000

Listed by Shana Speer

Welcome home to your own little piece of Newport, that is move-in ready! Newer kitchen, bathroom, fresh interior paint, and new carpet. Nothing to do but move in. Bright kitchen and living room, beautiful floors, plenty of light, nice yard and shed, 3 bedrooms and 1.5 baths. Walking distance to Broadway and downtown restaurants.

Featured • December 28, 2021

The Arcade – Providence’s Most Unique Real Estate Buying Experience

by Mott & Chace Sotheby's International Realty

The Arcade – Providence’s Most Unique Real Estate Buying Experience

Saturday, December 25, 2021 | GoLocalProv and Mott & Chace Content Partnership | GoLocalProv.com

America’s first indoor shopping center PHOTO: Mott & Chace

The micro-lofts located at the Arcade Providence offer an opportunity to own a unique attractive living space in the most iconic building in the center of downtown Providence. Tour the property virtually HERE.

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Interior of the micro lofts PHOTO: Mott & Chace

Efficiently designed, the lofts provide a unique opportunity to live in an urban environment close to universities, restaurants, hospitals, and the financial district.

Looking out of a loft PHOTO: Mott & Chace

Built in 1828, the Arcade is the nation’s oldest indoor shopping mall. Listed on the National Register of Historic Places while watching over Westminster and Weybosset Streets, the distinguished Greek Revival columns and classic facade still stands, barely touched.

Top floor PHOTO: Mott & Chace

The upper residential floors are accessed by an elevator or stairs, and common spaces are private and secure. Bike storage and a ramp is located on the lower level. Walk to the train and bus — Boston is 60 minutes away. LEARN MORE HERE. The units are listed by Cheryl Andreozzi

First floor is commercial units PHOTO: Mott & Chace

Activity Report • December 24, 2021

Rhode Island Real Estate Activity Numbers | November 2021

by Mott & Chace Sotheby's International Realty

Please find the latest market activity comparisons for the state of Rhode Island.

For new listings, the downward trend continues. The number of new listings entering the market has been below 2019 and 2020 levels since July.

The number of properties under agreement have been following the 2020 trend lines since June and both October and November exceeded both 2019 and 2020 levels.

The number of properties sold have been below 2020 levels since July. These numbers are a reflection of a moderating market with limited inventory and rising prices. In Rhode Island, the multi family market is now the seeing the strongest increases since investors are seeing opportunity with rising rents and continued low interest rates.

The national forecasts for home price appreciation for 2022 are changing monthly. Fannie Mae raised their projections to 7.4% while Freddie Mac raised theirs as well to 7%. The Mortgage Bankers Association dropped their predictions to 5.1%. Time will tell which is the most accurate at forecasting. Interest rates are now expected to be in the 3.5-4% range next year.

The Millenial buyers are expected to be a strong driver of this continued pattern, which is good news for sellers. However, in this moderating market, the number of offers has been trending down. To learn what this may mean for you, please contact one of our talented real estate specialists. https://www.mottandchace.com/directory

Featured • December 22, 2021

What You Can Buy for $800,000 in Rhode Island

by Mott & Chace Sotheby's International Realty

What You Can Buy for $800,000 in Rhode Island

The folks at Mott & Chace Sotheby’s International have homes from three of Rhode Island’s most desirable communities — all for around $800,000.

From Westerly to Narragansett to Barrington, these homes are all in high-demand towns.

Take a tour of these properties.

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24 Lantern Lane | Barrington | $789,000
Listed by Allison Oster Dessel

Hot listing alert! This 4 BR colonial has everything you want in a fabulous location! The property boasts many great features including a chef’s kitchen with stainless appliances, refinished hardwood floors throughout, a welcoming dining and fireplaced living room, and well-sized bedrooms. Many impactful updates and improvements have been made to the property recently, including a new boiler, new stainless steel water heater (includes on-demand setting); new central a/c, new crown moldings in the living room, and more. Outside there is a new underground Hunter sprinkler system, and the front and back yards have been completely re-landscaped with new perennial plants. The entire house is sealed by RISE with new and upgraded insulation, as well as a Generac whole house generator. There’s plenty of privacy and serenity as the property abuts 5 acres of wooded unbuildable land. Barrington is home to award-winning public schools, Barrington beach, golf, sailing, and a great community spirit. Providence is 20 mins away, and Boston is just an hour by train.

3 Abalone Road | Narragansett | $895,000

Listed by Claudia Philbrick

Water views on Great Island. This contemporary colonial-style house was built in 1954 and renovated in 2009. Situated on an elevated lot with lovely north and easterly views over Point Judith Pond, the boat launch is just across the street. Easy access to the pond and ocean. There are three bedrooms, one being on the first floor, the primary bedroom being on the second floor to afford the beautiful water views. There is one full bathroom on each floor and a walk-out basement.

13 Wicklow Road | Westerly | $849,000

Listed by Robin Knisley

Enjoy the peace and quiet of living on the Winnapaug Golf Course in this light-filled, colonial-style home with three bedrooms and three full bathrooms. The eat-in kitchen opens up to a spacious living area leading out to a wonderful multi-level deck and private yard. The comfortable living room opens to another possible dining room, office, or exercise room. The second floor offers a large master suite, two bedrooms with another full bathroom, and another guest room. You have the potential to finish part or all of the spacious full basement for more living area. This is an opportunity to live near our beautiful Rhode Island beaches while being close to all the amenities of Westerly.

Blog • Featured • News • Press • Sotheby's International Realty • December 21, 2021

Mott & Chace Sotheby’s International Realty Sells Bois Doré

by Mott & Chace Sotheby's International Realty

Mott & Chace Sotheby’s International Realty is pleased to announce the sale of 115 Narragansett Avenue for $8,990,000. The seller was represented by Judy Chace, Broker/Co-Owner and Kylie McCollough, Sales Associate: both of Mott & Chace Sotheby’s International Realty. Kara Malkovich of Gustave White Sotheby’s International Realty represented the buyer.

Selling for the first time since 2006, the gilded age home was built by renowned New York architect Charles A. Platt. “Bois Doré”, circa 1927, is gracefully sited on four private acres off Bellevue Avenue. Located five blocks from The Breakers, the home is designed in the Louis XVI style boasting a marble foyer entrance. Wrought iron and glass front doors compliment the timeless limestone façade and center the two wings of the home. An 85-foot great hall extends to either side, giving the space a sense of balance and grandeur.

“This historic home is an architectural masterpiece steeped in Newport society,” says Judy Chace about the estate. “We are proud to have represented this iconic famed Newport Mansion.”

The home is adorned with details such as Martin Battersby trompe l’oeil art, a style of painting in which objects are depicted with photographically realistic detail, and the largest ballroom of any private home in Newport.

Kylie McCollough adds, “Once described as one of the last great houses built for Newport, this extraordinary property is a beautiful piece of Rhode Island history. It has been an honor to be a part of this home’s story.”

“A wonderful way to end a year full of exciting real estate,” says Ray Mott, Broker/Co-Owner of Mott & Chace Sotheby’s International Realty. “Thank you to all who have made this a year to remember.”

Featured • December 13, 2021

What You Can Buy for $700,000 in Rhode Island

by Mott & Chace Sotheby's International Realty

What You Can Buy for $700,000 in Rhode Island

Looking for the right house at the right price? Not easy in today’s high-demand real estate market.

The folks at Mott & Chace Sotheby’s International have selected a collection of homes from across the region in the $700,000 price range.

Take a tour.

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42 Park Avenue | Warwick | $799,900
Listed by Katina Lemme

Tranquility and peace! Walk down the abutting path, strolling through a bird sanctuary, to beach access with stunning ocean views right from your home. Unique opportunity to own a legal multi-family zoned home and cottage, beach access to Long Meadow Fishing Area/Beach with a great location for kayaking. Completely renovated and rebuilt in 2007 with an addition added on, here are just some of the features of this custom home. Oversized lot with 3 to 5 possible beds, 4 1/2 baths, huge master bedroom with a gorgeous walk-in closet, hardwoods throughout, mahogany trim throughout, sprinklers, radiant heat flooring including floor of 2 car oversized garage, 27′ x 29′ great room/media room, wired for surround sound in living room/master bedroom/great room, 8 outside water spigots including one near garage offering hot and cold water, solar heat is almost ready to use with a few updates, two 220 amp circuits in garage for possibly electric car charging station, generator hookup available, even heated wall tile in master bedroom shower! Don’t miss your opportunity to view this very special property. Includes a full in-law or 1-bed cottage with 3 separate entrances, for rental income of approximately $15,000 annually.

283 Middle Highway | Barrington | $669,000

Listed by Ben Scungio

Classic four-bedroom, two-bath colonial with spacious eat-in kitchen, replacement Pella windows, recently installed a/c, roof, and generator. The first floor offers a generous living room with a gas fireplace and dining room. The second floor offers 4 bedrooms. Hardwood floors throughout the first and second floor. Entertaining is easy with the oversized private backyard with an in-ground pool and patio. The partially finished basement is perfect for storage or a workout area. The bike path is within 2-minutes and the beach is a short 5-minute drive.

27 Oak Forest Drive | Little Compton | $699,000

Listed by Kim Marion

An amazing opportunity to live in a private retreat in the highly coveted Oak Forest neighborhood in this story-book Dennis Talbot home! Talbot homes are well-known as a gold standard of quality construction in Little Compton. You will embrace the beauty of every season surrounded by numerous walls of windows, cathedral ceilings with natural wood beams, and a glassed three-season room opening to a large deck. The focal point of the living room is a massive wood-burning brick fireplace. Additionally, enjoy the warmth of the wood stove in the dining area. The first-floor bedroom overlooks a tree-lined street and stone walls. Upstairs you will find the primary suite, walk-in closet, full bath, and loft office space with clever built-in storage. Just minutes to the beach and town Commons, farm stands, and the trails at Simmons Mill Pond, you’ll enjoy the best that Little Compton has to offer. Situated on nearly 4-acres in a wonderful neighborhood, you can walk and meet your neighbors while still having the peace and quiet you expect in the country. The lovely acreage surrounding the house creates the perfect summer retreat or full-time residence for the nature lover. The home features too many upgrades to list; including a 40-year roof with warranty, Anderson skylights, propane heating system, Kohler generator with OnCue Monitoring System, AcquaScience water filtration system, Pioneer Dehumidifying System, and ADT Security system.

Blog • Featured • General • News • Press • Sotheby's International Realty • December 8, 2021

Mott & Chace Sotheby’s International Realty Announces Top Providence Condominium Sale by Cherry Arnold and Carl Henschel

by Mott & Chace Sotheby's International Realty

Mott & Chace Sotheby’s International Realty is proud to announce the sale of 77 South Angell Street Unit #301 for $1,400,000. Cherry Arnold, Sales Associate, and Carl Henschel, Sales Associate: both of Mott & Chace Sotheby’s International Realty, represented the seller. Gerri Schiffman of Residential Properties, Ltd. represented the buyer.

According to data available from Rhode Island Statewide Multiple Listing Service, this is the most expensive condominium sale in Providence since October of 2020. Additionally, this is the highest price paid for an East Side condominium since 2004.

Cherry Arnold, who has represented clients in two of the top three East Side condominium sales year to date, says “We’re thrilled for the seller, whose creative genius shines through in every square foot of this extraordinary luxury residence.”

The stunning three bedroom, two- and one-half bathroom condominium is ideally located just outside Wayland Square on Providence’s East Side. Built-out with designer finishes in 2014 by the original owner, the turnkey condominium is located on the third level with its own elevator entrance. The 2,305 square foot light-filled residence features Brazilian cherry floors, nine-foot ceilings, crown molding, and walnut shutters throughout.

Carl Henschel adds, “It has been a pleasure to represent this remarkable East Side property, which offers condo-living at its finest.”

Agents of Mott & Chace Sotheby’s International Realty have deep and far-reaching knowledge of their local markets and understand how to leverage the power of local expertise with the worldwide reach of the iconic Sotheby’s brand.

This information is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. These properties may have been sold by other real estate companies. Data maintained by the MLS may not reflect all real estate activity in the market. Data is based on information from Rhode Island Statewide Multiple Listing Service through 12/8/2021.

Featured • December 6, 2021

New Listings in RI—What You Can Buy for $1M to $2.2M in Barrington

by Mott & Chace Sotheby's International Realty

New Listings in RI—What You Can Buy for $1M to $2.2M in Barrington

Saturday, December 04, 2021 | GoLocal Prov and Mott & Chace Content Partnership | GoLocalProv.com

New to the market are three Barrington properties priced between $1 million and $2.2 million.

The folks at Mott & Chace Sotheby’s International have selected an array of unique homes in one of Rhode Island’s most desirable locations.

Take a tour.

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21 Preston Drive | Barrington | $1,249,000
Listed by MaryBeth Frye

On Smith’s Cove…enjoy gentle waterfront living with access for kayaking or enjoy the stone patio while sitting around the firepit watching nightly dramatic sunsets over the cove! In beautiful condition and pre-inspected…. with a brand new primary suite, this 4 bedroom Adam’s Point/Rumstick Village colonial offers a new gas Viessman heating system, central air, a heated sunroom overlooking salt marsh and conservation land, a second-floor laundry room, rec room in lower level and more! There are gleaming hardwood floors throughout with newer replacement windows and roof on a quiet cul de sac. This private, secluded property offers over 1/2 acre of land and is in the Nayatt School District and close to the town center, Barrington Beach and the harbor! A rare offering….

55 Adams Point Road | Barrington | $2,200,000

Listed by Allison Dessel

Quintessential New England style at its finest! Situated on 1.5 private and pristine acres on beautiful Adams Point, this 4-bedroom, wood-shingled Cape Cod boasts craftsmanship, elegant conveniences, and total serenity. The first floor includes an eat-in chef’s kitchen with granite countertops and stainless steel appliances which opens into a welcoming and cozy family room. The dining room is on the other side of the kitchen, and flows seamlessly to the living room, which is ideal for gathering and entertaining. An office and library are also on the first floor, as well as a guest suite that can easily be a first-floor primary bedroom if one prefers it. The second floor includes 3 bedrooms, 2 baths, and laundry room for ultimate convenience. The second-floor primary bedroom has a generously sized walk-in closet, and updated, en suite bath with custom tile, marble and woodwork. Outside is a private oasis, replete with wonderful spaces for entertaining: an incredible outdoor kitchen with Viking appliances, a generously sized, heated, gunite swimming pool, a fabulous pool house with kitchenette and full bath, and beautiful mature landscaping. Barrington is home to award-winning public schools, Barrington Beach, Barrington Yacht Club, and marinas; Rhode Island Country Club w Donald Ross course, great restaurants and shopping. Providence is 12 miles away, and Boston is an hour by train.

8 Cedar Avenue | Barrington | $1,095,000

Listed by Midge Berkery

LOCATION! This amazing property is surrounded by a mature, natural border, tranquil streets and enveloped in an affluent neighborhood on gorgeous Nayatt Point. A short walk down the Elm Ln pedestrian path allows for access to the water & the opportunity to enjoy stunning southern views of Narragansett Bay. This 1850’s Farmhouse has been painstakingly remodeled offering the charm of yesteryear with the amenities of today. Sunlight through windows permeate the open floor plan creating a welcoming vibe throughout the home. High ceilings & hardwoods are just part of the historical charm; custom built-ins & other architectural delights make this home unique. The eat-in kitchen is inviting – for family & company alike. The chef can be a part of gatherings or encourage guests to easily spill in to the nearby living room or dining area to accommodate even a larger crowd. Even better, open the extensive French door sliders, and allow the fun to pour out to the large deck overlooking the beautiful yard. A full bath is conveniently located on this level. Upstairs, the primary suite with a full bath is again, cheery & bright. 3 additional bedrooms share a spacious, full bath with double sinks. Plenty of storage in the basement area & in the detached 2 car garage. Towering Arborvitae, rich Firs & Lilac bushes all play a role in creating a private yard. Other modern conveniences include central air & a generator. This property is a must-see.

Blog • General • News • Press • Sotheby's International Realty • December 1, 2021

Mott & Chace Sotheby’s International Realty Announces Top Barrington Sale by Midge Berkery

by Mott & Chace Sotheby's International Realty

Mott & Chace Sotheby’s International Realty is proud to announce the sale of 5 Tallwood Drive for $1,525,000. Midge Berkery, Sales Associate of Mott & Chace Sotheby’s International Realty, represented the buyer. Barbara Stamp of Residential Properties, LTD represented the seller.

A consistent top producer, Midge Berkery has represented six clients in sales over $1,000,000 in Barrington this year. Midge Berkery, currently ranked as one of Rhode Island’s top 100 agents, has participated in seven sales over $1,000,000 statewide and sold a total of more than $19,000,000 year to date, according to data available from Rhode Island Statewide Multiple Listing Service.

The Nayatt Point home is an extraordinary Colonial featuring over 4,000 square feet of living space. Set on nearly an acre of land adjacent to conservation land, the recently updated home is just steps away from Echo Lake.

“A wonderfully serene setting for a home located just minutes from all that Barrington has to offer,” says Midge Berkery. “It has been an honor to bring so many wonderful families home to Barrington over the last year.”

This information is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. These properties may have been sold by other real estate companies. Data maintained by the MLS may not reflect all real estate activity in the market. Data is based on information from Rhode Island Statewide Multiple Listing Service through 12/1/2021.