North Kingstown home sells for $2.57M in 2nd-largest multifamily deal of 2022


THE Second-Most significant SALE of household house in North Kingstown so much this calendar year was the multifamily assets found at 126-134 Willett Highway, which marketed for $2.57 million. / COURTESY MOTT & CHACE SOTHEBY’S Intercontinental REALTY

NORTH KINGSTOWN – A house at 126-134 Willett Road was lately purchased for $2.57 million, marking the second-most-highly-priced multifamily residence sale in the point out so much this yr, in accordance to Mott & Chace Sotheby’s International Realty, the true estate agency that represented the purchaser.

The transaction also signifies the next-most-highly-priced property offered in North Kingstown in 2022 so considerably, the actual estate business mentioned.

Explained by real estate brokers as a mix of outdated-environment charm and present day amenities, the nearly 2-acre assets in the village of Saunderstown includes a 2,212-square-foot primary residence, a 1,484-square-foot guest cottage and a garage, which has a 383-sq.-foot studio apartment and loft positioned previously mentioned it. The compound was crafted in 1924, Mott & Chace mentioned.

With sights of Narragansett Bay, the major property has a shingle-model, gambrel roof that was replaced considering the fact that its authentic development, and other enhancements in the latest history, like new home windows and a new furnace, the true estate business claimed. The key property options five bedrooms and three whole loos, with hardwood flooring, exposed beams, two staircases and an primary butler’s pantry.

The visitor cottage, which underwent a significant renovation 10 many years back, is made up of a few bedrooms, two entire loos and a stone hearth, with cathedral ceilings and hardwood floors in the course of the 1-tale setting up, the genuine estate agency said.

And the two-automobile garage involves the loft bed room space and a full rest room, the agency reported.

The compound is equipped with a nine-bedroom septic tank method that is 6 a long time old, the true estate organization explained.

The multifamily residence, which was owned by 126 Willett LLC given that 2016 immediately after it belonged to the Knauss loved ones since at minimum the 1960s, in accordance to city records held on-line, was valued previously this calendar year by North Kingstown assessors to be value $1.83 million.

The restricted legal responsibility organization marketed the assets not long ago to Li Yan and Yang Shen, from East Greenwich, in accordance to a duplicate of the guarantee deed for the sale, which is also a community report held on the web by the town.

Marc Larocque is a PBN contributing writer.

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