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    East Bay Market Update – February 3, 2021

    The real estate market throughout southern New England continues to move at a very fast pace. The inventory level of homes has been at a record low number for almost a year now. At the same time, the number of homes sold is consistent with years past. This consistency means that buyers are still in abundance, and most are able to make very quick purchase decisions. Offers are coming in at super competitive prices with great terms. Properties are selling in the shortest average number of days that we have seen in a long time. 

    If you are in the market to buy something, don’t get discouraged by the low inventory levels. New properties are hitting the market on a consistent basis. Keep in touch with your real estate agent and stay well-informed so you are able to see properties quickly and make rapid decisions on whether or not it’s the right property for you.

    Below is a summary of some new properties that hit the market in the last week and are currently still available.

    Barrington

    54 Spring Avenue is a tastefully renovated two bedroom cottage that sits just one block from Allin’s Cove. There are many recent updates, including the kitchen and bathroom. There is also nice outdoor space with a new patio featuring a sink and wet bar, perfect for outdoor entertaining.

    Allin’s Cove is a great little tidal pond that is home to some really neat birds and wildlife.  The cove is fed by the Annawomscutt Brook, which starts in East Providence and runs southerly through West Barrington. There are trails that meander along the shoreline and can be accessed best at low tide. The property is protected by the Barrington Land Trust and the cove remains quiet in most weather as it is protected from Narragansett Bay by a beach peninsula. Come see why West Barrington and this Bay Spring neighborhood has been developing from a hidden gem to one of the most popular spots in the East Bay. The asking price is $315,000.

    108 Rumstick Road is a small colonial that sits at the corner of Rumstick Road and Ferry Lane. The property was owned by Mr. Ed Dunn and his wife Frances for many decades. Mr. Dunn was a local Boy Scout leader, avid golfer, and always a pleasure to talk with no matter when and where you bumped into him.

    The house itself needs updating, but it sits on a nice lot and is conveniently located. It is an easy walk to the center of town, Nayatt School, Barrington Beach, or my favorite walking loop in town along Mathewson Road and Barrington Harbor.  An investment in making those cosmetic improvements or expansion plans would be well-justified with an asking price of $599,000. 

    1 Holly Lane is back on the market and at an improved price. After a brief hiatus from the MLS during the holiday season, the property is now reduced by $100,000 and very well-positioned in the market. Located toward the very end of Rumstick Point at the corner of Holly Lane and Rumstick Road, this home offers an abundance of living space with 4,200 square feet above grade, 5 bedrooms, and 3.5 bathrooms. The backyard has a gorgeous outdoor patio, in-ground swimming pool, and lovely mature plantings. The asking price is $1,355,000.

    132 Nayatt Road is no stranger to the real estate market. But, it’s never seen a price point like this before! After its most recent price point of $1,795,000 didn’t garner viable offers, the owners have clearly decided to get very serious about selling. Just reintroduced to the market at a price of $1,495,000, this beautiful and timeless Nayatt home is bound to get some serious interest now. Featuring over 6,000 square feet of living space set on 1.6 acres of land along the grounds of Rhode Island Country Club, there is plenty of value, with room to justify making an additional investment in some cosmetic upgrades.  

    Bristol

    6 Murphy Avenue is nestled in the heart of downtown Bristol. Just a few blocks from Hope Street, you can enjoy a morning walk to Bristol Bagel Works or an easy stroll home from Judge Roy Bean Saloon. The location is prime! The house itself is light and bright, in move-in ready condition. There could be some improvements made if you’d like, and with the trend of this neighborhood, it wouldn’t be a bad investment!  The asking price is $299,000. 

    250 Franklin Street is located in the center of the town with access out to Metacom Avenue or Hope Street and downtown at about the same distance. The lot is fenced in and the kitchen has been recently renovated. With 3 bedrooms and 2 bathrooms located within just over 1,000 square feet, the space is cozy and comfortable. The asking price is $379,000, and while you consider that, make sure to account for the solar panel system that is paid in full and transfers with the sale of the house. The cost of living will be significantly less when compared to a home that does not have solar included with the sale!

    Warren

    21 Brownell Street is located in the wonderful Touisset Point neighborhood. Just steps away from the water and around the corner from all the association amenities, this home has plenty of space, has been well cared for and features peeks out at Mt. Hope Bay. The open floor plan is great for entertaining, and your friends and family will love visiting this amazing seaside community. The asking price is $860,000.

    Portsmouth

    568 Bristol Ferry Road is an incredibly location and listed by our very own Kathleen Flaherty! The moment you pull into the driveway, you are taken aback by the private, magical yard which boasts over an acre of land, overlooking the beautiful Narragansett Bay. This home has an open floor plan where you will be able to enjoy the westerly water views in every room. The main living room and kitchen are centered around a gorgeous fireplace. The 2 bedrooms on the first floor have ample room and both equipped with 2 more fireplaces. The upstairs is bright and cheery with the most magnificent views to the water; the perfect space for an office or third bedroom. The basement has a workshop as well as a potential, small in-law quarters. In addition to this charming home, the property also has a large carriage house that can be used for a home office or studio in addition to a barn that is attached to the structure. This home also has a brand new roof and has beach rights to the beach on Porter’s Lane. The opportunities for this property are endless.

    If you have any interest in seeing these properties or others, we would love to hear from you. The properties featured today are just a sampling of what’s available on the active market.


    About Chart House Realtors

    Written by Matthew Antonio, Team Leader for Chart House Realtors in Barrington, RI.

    Chart House Realtors combines the best aspects of size and scale. We are a small boutique firm with 6 full-time, local members. We operate out of our office in Barrington, RI conducting business throughout RI and MA. We are also affiliated with Keller Williams, which is the largest real estate brand in the world, with more agents, more sales and more reach than any other real estate company.  So, our clients get the best of both worlds!

    Our small, local size gives us the ability to craft a unique personalized plan for each and every client. At the same time, the size and scale of Keller Williams allows us to reach buyers and sellers on a national and international level. Year-to-date, Chart House is ranked among the top 1% in sales across all agents in Rhode Island and Massachusetts.

    If you are considering buying or selling property anywhere in Southern New England, we would love to hear from you. 

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