Activity Report • October 21, 2021

Rhode Island Real Estate Activity Numbers | September 2021

by Mott & Chace Sotheby's International Realty

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

The newly listed property activity tells the story of the market as the September numbers are below 2019 and 2020 levels. There is currently 1.2 months of inventory for single family homes in comparison to 2.5 months last September. Well priced inventory in good condition is still generating mutiple offers and a sales price over asking. However, the frenzied market we experienced in the spring has moderated somewhat.

The number properties under agreement illustrates that the 2021 results are slightly below the 2020 numbers for the past three months in contrast to the February-June results which exceeded both 2019 and 2020.

The sold property results reached their peak in June with July, August and September showing a flattening curve, but still above 2019 levels. The sold numbers were exceptionally strong in the first and second quarter of the year due to the buyer demand and low interest rates.

It is still a seller’s market with out of state buyers continuing to be a factor, low interest rates and the recognition that Rhode Island has had the highest price appreciation of any New England state.

To learn what this may mean for you, please contact one of our talented real estate specialists. https://mottandchace.com/directory

Blog • General • Sotheby's International Realty • October 18, 2021

Congratulations, Ninjas!

by Mott & Chace Sotheby's International Realty

Last week, several Mott & Chace Sotheby’s International Realty agents attended the Ninja Selling training installation on Cape Cod. Please join us in congratulating all of our Ninjas!

Featured • October 18, 2021

What You Can Buy in RI for Around $600,000

by Mott & Chace Sotheby's International Realty

What You Can Buy in RI for Around $600,000

Saturday, October 16, 2021 | GoLocal Prov and Mott & Chace Content Partnership | GoLocalProv.com

The prices of Rhode Island homes have been on an upward cycle for the past few years. The folks at Mott & Chace Sotheby’s International have found a range of well-priced homes across Rhode Island.

Each of the properties is in the $600,000 range.

Take a tour – of the properties in Barrington and North Kingstown.

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58 Rumstick Road | Barrington | $689,000
Listed by David Coleman

This location can’t get any better – classic 1928 Dutch Colonial located on Rumstick Road within walking distance to the harbor, Nayatt School, Barrington Town Center and the beach. This 3-4 bedroom home is loaded with character and charm and has tons of potential. Two fireplaces – living room and sunroom. Good ceiling height and hardwoods throughout. Private fenced backyard with patio. This property has been pre-inspected.

27 Cara Court | North Kingstown | $635,500

Listed by Jack Teeden

The welcoming foyer with a sweeping staircase opens to an impeccably maintained home. Quality construction with spacious in-law designed for optional in-law or first-floor master suite. The spacious family room provides an abundance of natural light, cathedral ceilings and a brick fireplace leading to a well-designed large eat-in kitchen that offers granite countertops and newer appliances. This 4 bed, 3 bath home offers a 2nd-floor den/master en suite. Gleaming hardwoods, new windows, siding and a large trex deck overlooks backyard filled with lush greenery and mature trees creating great privacy. The perfect neighborhood location, just minutes to shopping, highway, airport, and train station.

39 Walnut Road | Barrington | $623,000

Listed by Kim Holland

Much admired four bedroom 1935 Victorian home on a charming street with beautiful period homes. Spacious rooms, architectural moldings, and high ceilings. Private fenced backyard with detached garage/workshop. Perfect for entertaining inside and out. Quick walk to Blue Ribbon Schools, water and East Bay bike path. A wonderful opportunity to live in this charming vintage home…waiting for your personal updates!

Blog • News • Press • Sotheby's International Realty • October 15, 2021

Mott & Chace Sotheby’s International Realty Sells Newport Estate

by Mott & Chace Sotheby's International Realty

Mott & Chace Sotheby’s International Realty is proud to announce the sale 104 Old Beach Road for $4,750,000. The seller was represented by Kylie McCollough, Sales Associate of Mott & Chace Sotheby’s International Realty. Hogan Associates represented the buyer.

According to data available from Rhode Island Statewide Multiple Listing Service, this is the highest ever residential sale north of Memorial Boulevard. A top sale in the Kay/Catherine area of Newport, the luxurious Victorian estate boasts eight bedrooms, nine- and one-half bathrooms, and 8,400 square feet of living space. Sited on just under one acre, the three-story property is tastefully appointed and exceptionally crafted.

“104 Old Beach Road is a modern classic,” says Kylie McCollough. “The stunning home blends beautifully into the historic neighborhood and the craftsmanship of the 19th Century inspired home is extraordinary.”

“Rosewalk”, built by Mark Horan in 2001, features a brand-new kitchen and a new resort-style gunite pool, hot tub, and outdoor shower. Other features include intricate millwork, moldings, and custom cabinetry by Tosca Woodworking.

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 10/15/2021.

Blog • News • Press • Sotheby's International Realty • October 14, 2021

Mott & Chace Sotheby’s International Realty Sells Most Expensive Warren Home Since 2018

by Mott & Chace Sotheby's International Realty

Mott & Chace Sotheby’s International Realty is proud to announce the sale of the waterfront home at 9 Shore Drive for $1,387,500. The seller was represented by Beth Anderson, Sales Associate of Mott & Chace Sotheby’s International Realty. Kirk Schryver Team of Residential Properties, Ltd. represented the buyer.

According to data available from Rhode Island Statewide Multiple Listing Service, this is the most expensive single family home sale in Warren since September 2018. Agents of Mott & Chace Sotheby’s International Realty also sold the most expensive condominium in Warren in 2021. The sale of 9 Shore Drive is the top sale in Warren year to date, selling for 61% more than the next highest single-family sale.

Located in the Touisset neighborhood of Warren, one of the oldest working waterfronts in the region, the western facing waterfront home with dock and mooring is a quintessential New England shingled cottage. Featuring three bedrooms and two- and one-half bathrooms, the floorplan has been designed to capture breathtaking water views from every room.

“This is a very special property with spectacular views,” says Beth Anderson. “It is coastal paradise for boat enthusiasts and water recreation!”

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 10/14/2021.

Featured • October 13, 2021

Coastal Farm Life in RI and MA – What You Can Get for $1M to $3M

by Mott & Chace Sotheby's International Realty

Coastal Farm Life in RI and MA – What You Can Get for $1M to $3M

The folks at Mott & Chace Sotheby’s International have selected three amazing properties in Rhode Island and Massachusetts along the farm coast. Take a tour of the properties.

The farm coast is comprised of Little Compton, Tiverton, Westport, and South Dartmouth and is a stunningly beautiful area of New England.

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135 Driftwood Drive | Tiverton | $2,950,000
Listed by Phyllis Ibbotson

Waterfront! This inviting home on the Sakonnet River is on a double lot and is located between Seapowet and Fogland Beaches and near the Seapowet Marsh. The water views are exquisite with extraordinary sunrises and the sunsets are majestic. Boaters, kayakers, windsurfers, and nature lovers, take notice of this unique location – a bird watcher’s paradise, a fisherman’s dream, a biking enthusiasts’ heaven. Built-in 2000 by the present owner, this home has been lovingly cared for and is turnkey. A large stone fireplace sets the stage for this exceptionally well-built custom home. The deck off of the main living area is perfect for outside dining with stairs to the yard below. The primary bedroom has a Juliet balcony, masonry fireplace, and dressing room. The ensuite bath with double sinks, a large soaking tub, marble shower with a steam shower creating a private oasis for you to enjoy. Viking and Subzero appliances, and wine fridge, and Viking outside grill. Entertain on the fourth-floor terrace with 360-degree views. There are two attached deep car garages; one with a workshop and the other with a storage area. Each garage is wired for EV chargers. There is a mooring with direct water access and the potential for a second mooring.

17 Westport Harbor Road | Little Compton | $915,000

Listed by Ellie Wickes

Charming turn of the century cottage nestled in the village of Adamsville. Lovingly restored and modernized by the owner to be light-filled, tastefully appointed, and welcoming. Beautiful gardens surround the house and accentuate the property. The patio is a terrific place to have breakfast or to entertain friends and family any time of day. The backyard stretches out to an open field with apple trees and is surrounded by stone walls and split rail fences. The kitchen has a cathedral ceiling with exposed beams and an original wood-fired cookstove. Fireplaces grace most rooms and all are wood except for the den which is gas-fired. A small screened porch off the living room is perfect for reading or intimate conversations. Upstairs is a master bedroom with its own half bath and a large closet room. There is a guest room and full bath with a steam shower and large tub. This is a great house for year-round or getting away to the country. It is within the boundaries for the Acoaxet Club and Elephant Rock Beach Club. There is the Adamsville Landing nearby.

26 Mountain Laurel Lane | Tiverton | $1,200,000

Listed by Phyllis Ibbotson

This Elegant Custom Shingle Style Traditional Home is situated on a 1.7 acre professionally landscaped and wooded lot in the highly desirable Beech Tree Hill neighborhood. The impressive open floor plan takes center stage on the main level with 9’ ceilings, crown moldings, and Bose home theater system. High-end well-appointed Chef’s kitchen, formal dining room, and spectacular great room with 60,000 BTU Mendota gas fireplace. The first-floor rooms include an office with hardwood floors, sunroom with southern exposure, breakfast nook with custom built-in hutch, laundry room, and a half bath. Hardwoods throughout on the second floor where you’ll find the primary bedroom with coffered ceiling, fireplace, rooftop deck, walk-in closet and elegant double sink bathroom with separate water closet, 3 additional bedrooms, a second full bath and sitting area complete this level. The same attention to detail prevails outdoors, the walk-out lower-level leads to in-ground self-cleaning heated Gunite pool with an attached hot tub. Professionally landscaped grounds with sprinkler system, private stone-walled patio, automatic outdoor landscape lighting, and outdoor sound system. Oversized two-car garage. This gorgeous property is located on a cul-de-sac and is nestled among other fine homes. Close to highway access, commuting to Providence or Newport is less than ½ an hour away, Boston is only an hour’s drive. The home includes a whole house generator.

Blog • General • News • Press • Sotheby's International Realty • October 5, 2021

Mott & Chace Sotheby’s International Realty Sells Two Little Compton Estates

by Mott & Chace Sotheby's International Realty

Mott & Chace Sotheby’s International Realty is proud to announce two recent Little Compton sales. The firm, with nearly $30M total sales volume in Little Compton year to date, has represented over a dozen clients in the sales over $1M this year.

The home at 9/11 Brookside Lane has sold for $1,426,050. Once owned by the Sanford family, this historic home is the highest sale ever in the Adamsville area of Little Compton, according to data available from Rhode Island Statewide Multiple Listing Service. The one-of-a-kind compound features a c. 1750 renovated three-bedroom farmhouse, a barn/garage/apartment, and beautiful English gardens. Cherry Arnold, Sales Associate of Mott & Chace Sotheby’s International Realty represented the seller. Kate Coogan of Residential Properties, Ltd. represented the buyer.

21 Quicksand Pond Road has sold for $1,100,000. Built in 1976, the property features a gracious three-bedroom home, separate in-law apartment and barn, on two private acres, with deeded access to Quicksand Pond. Cherry Arnold, Sales Associate of Mott & Chace Sotheby’s International Realty represented the seller and Lindsey Duckworth, Sales Associate of Mott & Chace Sotheby’s International Realty represented the buyer.

According to data available from Rhode Island Statewide Multiple Listing Service, Mott & Chace Sotheby’s International Realty has closed out each year since 2018 with the highest market in Little Compton.

Just ahead of the opening of the seventh Mott & Chace Sotheby’s International Realty office in Westport, Mott & Chace Sotheby’s International Realty is equipped with premiere farm coast real estate experts. Bringing a deep knowledge of each market and a proven track record of successfully handling the sale of properties at all price points, these agents provide homeowners with the world-class individual service and property exposure expected when working with a Sotheby’s International Realty® affiliate.

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 10/05/2021.

Featured • October 5, 2021

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

The folks at Mott & Chace Sotheby’s International have selected three homes across Rhode Island that are available in the $500,000 range.

The homes are located across the state — from seaside Narragansett to rural West Greenwich and the Scituate in the northern corner of RI.

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23 Catherine Wright Court | West Greenwich | $539,900
Listed by Carl Henschel

Comfort, privacy, and more await you and your family in this impeccably well-maintained home. A paved driveway leads to the Colonial’s heated 2-car garage. Upon entering the house, you’ll be greeted by the gleaming hardwood floors that run throughout the entire home. The first level hosts a spacious family room with French doors opening to the deck with a gazebo and a vast backyard. The open floor plan flows into an eat-in kitchen with Corian countertops and stainless-steel appliances. A well-sized dining room and a laundry room with a half bath complete the first floor. The primary bedroom on the second level features a cathedral ceiling, an en-suite bathroom with double vanity and a walk-in closet – your own private oasis. On the second floor you’ll also find two big bedrooms with closets and a full bathroom with tub. A partially finished basement has a fantastic custom-built bar and prime space for relaxing and entertaining. The backyard also has a large shed with electricity, perfect for a workbench and additional storage. Set back from the street, the home sits on over 2 quiet acres of land, but also allows for quick and easy access to I-95.

61 Maplehurst Drive | Narragansett | $549,000

Listed by Janet Kermes

This charming 2/3 bed coastal property in the coveted town of Narragansett has undergone a full and thoughtful renovation. The upscale kitchen has a fireclay farmhouse sink, black honed granite countertops with seating for four along with stained wood shaker cabinets, chefs’ range with hood & French door refrigerator plus an in-set under the counter microwave. The bathroom features a herringbone ceramic tile floor, walk in shower with rain head, custom shower niche and sleek Kohler fixtures. There is truly nothing to do but move right into this home since it comes completely furnished with new memory foam mattresses, linens, towels, pots and pans, coffee pot, kitchen gadgets and even beach chairs. Whether you are looking for a weekend getaway, the perfect rental property or a full-time home, 61 Maplehurst has it all!!

52 Deerfield Drive | Scituate | $557,000

Listed by John McCann

This outstanding location is off the main road, private and still within very close distance to the schools. This house has over 2500 square feet of above-ground living space with an additional 1280 square feet of a great Barn, with parking for four cars, a magnificent workshop space, and a second-floor loft. The house has updated mechanicals of the highest quality (Viessman + Amtrol Hot Watermaker), recent new appliances, generator, and radiant heating in the mudroom, kitchen, family room, and master bedroom. A lovely well-maintained house in a most desirable location is a must-visit to see for yourself.

General • News • Press • Sotheby's International Realty • October 4, 2021

Mott & Chace Sotheby’s International Realty Sells Most Expensive Vacant Lot in Portsmouth

by Mott & Chace Sotheby's International Realty

Mott & Chace Sotheby’s International Realty is proud to announce the sale of 290 Frank Coelho Drive for $3,250,000. This picturesque lot offers nearly 700 feet of water frontage. The seller was represented by Kylie McCollough, Sales Associate of Mott & Chace Sotheby’s International Realty. Coastal Properties represented the buyer.

According to data available from Rhode Island Statewide Multiple Listing Service, this is the highest land sale in Portsmouth ever recorded. This is also the highest land sale in Newport County since January 2020.

One of the largest and most beautiful undeveloped waterfront parcels in Newport County, the property consists of over eight acres of ocean view pastoral farmland and equestrian facilities. Picturesque private riding trails, two moorings by right, and a secluded beach make this property a coastal New England classic.

“It’s been a pleasure to represent this idyllic piece of Portsmouth,” says Kylie McCollough. “I look forward to seeing the new owners bring the property back to life by restoring the structures, maintaining the land as a farm, and honoring the rich history of the neighborhood.”

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 10/01/2021.

Blog • September 29, 2021

Life on the Rhode Island Farmcoast

by Mott & Chace Sotheby's International Realty

ROLLING FIELDS, A QUICK COMMUTE AND PANORAMIC WATER VIEWS – GET IT ALL ON THE FARMCOAST. WITH THE OPENING OF MOTT & CHACE SOTHEBYS INTERNATIONAL REALTY’S FARMCOAST OFFICE ON THE HORIZON, NEWPORT INTERIOR DESIGNER ALLY MALONEY SPOKE WITH TWO LOCAL AGENTS TO DISCUSS ALL THINGS FARMCOAST.

135 Driftwood Dr Tiverton, RI 02878

The Farmcoast is a picturesque coastal community nestled along the border of Rhode Island and Massachusetts. Four towns comprise the Farmcoast area – Tiverton, Westport, Little Compton and South Dartmouth. A hidden gem still unbeknownst to many, the Farmcoast offers quaint coastal living that is away from it all but close enough to commute. Get familiar with the Farmcoast; Rhode Island based interior designer Ally Maloney of Maloney Interiors recently chatted with two Mott & Chace Sotheby’s International Realty agents who specialize in the area.

FAST FACTS:

The Farmcoast name originated from a group of small local businesses who wanted to unite residents and visitors alike in sharing a love for local offerings from food, farms, art and more.
Located within an hour radius of Boston, Newport and Providence.
Made up of four municipalities – two Rhode Island towns and two Massachusetts towns.

LOCAL FAVORITES

The coastal location of the Farmcoast provides a scenic background four seasons a year with a plethora of options for recreation, dining and more. For Cherry Arnold, a Farmcoast resident and Mott & Chace Sotheby’s International Realty agent specializing in the area, the choices are endless- from bike riding along waterfront trails to surfing and sailing.

No matter what time of year, Phyllis Ibbotson – another Mott & Chace Sotheby’s International Realty agent located on the Farmcoast – enjoys exploring the area. “My favorite things to do change with the seasons. As an avid lover of the outdoors, I enjoy exploring the Farmcoast while sailing, kayaking and hiking. In the not so warm months, cross country skiing in the woods and ice skating on local ponds are great ways to take in the picturesque views that are in abundance in the Farmcoast.” After a long day of outside activities, enjoy farm to table dining- another local staple.

BEACHES OF THE FARMCOAST:

Horseneck Beach
Westport Town Beach
Grinnell’s Beach

MAKING THE FARMCOAST YOUR HOME

Compared to other towns along the Rhode Island coast, Tiverton, Westport, Little Compton and South Dartmouth stand out- “with a much slower pace, less traffic and rolling farmlands” says Ibbotson. You can find natural beauty around each corner, as well as an abundance of culture. “The Farmcoast is home to a large artist community and many hidden spots known only to locals. Each town has its own Conservation Commission or land trusts, helping to maintain the natural beauty and protect local wildlife, undeveloped land and watershed areas.”

3 Hurricane Lane Westport, MA 02790

The Farmcoast offers a unique opportunity for year round and seasonal residents alike. “No matter the season, it is a beautiful area surrounded by the ocean, rivers, woods, farmlands, stone walls and 18th century cottages” Ibbotson notes. “Summer of course is the most active, with an abundance of offerings all in a peaceful setting- beaches, boating, outdoor activities and great restaurants abound.”

With the median home price currently at $537,150, the Farmcoast is an attainable and convenient area no matter your resident status. In fact, Ibbotson has seen a significant increase in second home purchases across all price ranges. “It used to be that second homes were exclusively waterfront or large farm properties, but since the onset of the pandemic we have seen an increase in second home purchases in the lower price range as people want a second home in close proximity to all the area has to offer but can’t necessary afford a million-dollar home.”

Of course, the luxury real estate market in the Farmcoast is strong as well, with “high end buyers looking for either waterfront properties with water access as well as a dock or mooring, or a property with significant acreage offering privacy” says Ibbotson.

For year round residents, the unique blend of farmland and beautiful coastline entices families looking for the idyllic rural lifestyle. While the Farmcoast is a quick drive away from Providence and Boston, life is slower paced and serene. “There is never a lack of things to do or events to attend for adults and children alike” according to Ibbotson. “There are youth sailing programs in the summer at the local yacht clubs, as well as a variety of camps to keep kids engaged. In the fall, families enjoy apple picking and smores by the campfire in the woods or on the beach, all in a bucolic setting – and don’t forget sledding in the winter.”

INTERESTED IN THE FARMCOAST? CONTACT THE EXPERIENCED TEAMS AT MOTT & CHACE SOTHEBY’S INTERNATIONAL REALTY AND MALONEY INTERIORS SO WE CAN HELP YOU FIND AND FURNISH YOUR DREAM HOME.