सोल्ड! लुक्सुरी रियल इस्टेट इन नेव्पोर्ट RI

"RESTHAVEN" DESIGNED BY FAMED AMERICAN ARCHITECT, RICHARD MORRIS HUNT, THIS IS A RARE ARCHITECTURAL GEM ON BELLEVUE AVENUE. EXPANSIVE LIVING AREAS, EXCEPTIONALLY LARGE KITCHEN, NEARLY 1 AND 1/2 ACRES ON BELLEVUE AVENUE.

Here's a link:

http://arthurchapman.raveis.com/propdetail.asp?KEY=2934274&AGENT=5074&PG=agentproplist.asp&AGT=5074&SITE=agt&OFC=24902

This property was on the market for only 42 days! Listed on September 23, 2009 and went under contract on November 4th, 2009. We had a multiple bid situation and went to "highest and best" offer.

This is a truly wonderful property in an excellent location on Bellevue Avenue in Newport. Originally built in 1871, the property remained in the same family until 1999 when it was sold as an estate sale. The home will be lovingly restored to the original grandeur by the new owners. We can hardly wait to see this home finished!!

The real estate market is alive and well in Newport!

Rhode Island has seen a significant recovery in the real estate market. Our volume of sales is a strong indication of this rebound. While our unemployment numbers are still very high, there is significant job creation slated for this year in certain areas of the state. Our supply is dropping rapidly and there isn't a tremendous amount of available land for new construction. Therefore, appreciation in our real estate market is near, if it hasn't already started. In some markets we are seeing less than a 4 month supply of properties on the market - which would suggest significant appreciation in the short term. With historically low interest rates and low supply, NOW is the time to invest!

The month of November saw a strong number of closings. In fact, it was one of the strongest months in the past 13 years!

Our sales are already 17% above last year and are projected to be on par with 2007.

We are offically "walking out of the woods".

Keep Hope Alive!!