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Real estate "Love letters" Emotional appeal or legal risk?

Key to Home

Real estate “love letters,” meant to sway sellers, can raise fair housing concerns, according to the National Association of Realtors.

In a red hot buyer’s market marked by low inventory, competing offers, all cash offers, waived contingencies, and days on market typically in the single digits, it’s common for potential buyers to pull out [...]

The Fifth Element in Newport Sells for $4.5 Million

Teri Degnan Logo

Teri Degnan Logo

Teri Degnan Real Estate & Consulting announced the sale of The Fifth Element, in Newport, Rhode Island, for $4.5 million.

The commercial retail property at 105-11 Broadway, is currently the location of The Fifth Element bar and grill and its outdoor dining space, The Outer Element, as well as the adjacent property, formerly the home of Foley’s Garage. Also included in the sale were The Fifth Element’s inventory, equipment, trademarks, etc., and its liquor license. The property was originally listed for $5.1 million in February.

The buyers were represented by Lea Savas of Hawks and Company of Edge Realty RI.

The Eastover Estate in Portsmouth Sells for $3.2 Million

Teri Degnan Real Estate & Consulting Logo

Teri Degnan Real Estate & Consulting Logo

Teri Degnan Real Estate & Consulting announced last Tuesday the sale of 50 Eastover Road in Portsmouth, Rhode Island, for $3.2 million. 

The Eastover Estate, originally built in 1880, is a shingle-style single family home perched on 4.6 acres with panoramic water views. It features six spacious bedrooms, seven baths, and six fireplaces amid a sprawling floorplan, original hardwoods, distinctive period details, and a state of the art kitchen with a butler’s pantry. New features include a two-car garage with bonus studio space above, an extensive patio, and luxury pool. Manicured lawns and mature gardens offer serene privacy throughout the estate. 

The buyer of the home was represented by Michelle Kirby Gustave White Sotheby's International Realty.

Female Founder Spotlight: Teri Degnan

Teri Degnan

Teri Degnan was recently featured in Union Street Media’s Female Founder Series, which highlights and celebrates the stories of successful female entrepreneurs and leaders in the real estate industry, inspiring women. 

Degnan launched her Newport, Rhode Island real estate firm in 2012. She loves working in real estate because it gives her the opportunity to combine her passions for connecting and negotiating with people. Teri Degnan Real Estate & Consulting has built an excellent reputation and gets most of its business from referrals, demonstrating how much clients trust Degnan and her firm. Read the full spotlight on Teri Degnan.

Teri Degnan

The Fifth Element Listed for $5.1 Million By Teri Degnan

The Fifth Element on Broadway

The Fifth Element on Broadway  The Fifth Element Aerial

Teri Degnan has listed The Fifth Element, a popular bar and restaurant, and its adjacent property in Newport, Rhode Island. Not only is this commercial property located on Newport's restaurant row, but it has already been approved for construction of a 40-room luxury boutique hotel. The permits include demo, foundation, building and utilities, which have been secured over the past three years and remain in place. Preliminary design and development plans are also available. 

More information about this unique opportunity and an interview with the current owners can be found here. If you're interested in learning more about this commercial listing click here or contact Teri Degnan

 

Teri Degnan Real Estate & Consulting Announces Narragansett's Highest Residential Sale and Largest Property Sale of 2021

695 Ocean Road
Teri Degnan Real Estate & Consulting LTD announces the sale of 695 Ocean Road in Narragansett for $1.4 million. 
 
Set on 12 private acres, this is the largest property transaction and highest residential sale in Narragansett this year according to data available from Rhode Island Statewide Multiple Listing Service. The sellers were [...]

A Sale For Good: 8-10 Willow Street

8-10 Willow Street

Teri Degnan Real Estate & Consulting Pleased to Play Pivotal Role in Sale of Historic Home to Benefit the Dr. Martin Luther King, Jr. Community Center

Sale of the ca. 1740 John Rogers House in Newport to fund new endowment at the center.

8-10 Willow Street

Recently sold and listed by Teri Degnan, 8-10 Willow Street was donated to the Dr. Martin Luther King, Jr. Community Center. The property was donated to the MLK Community Center in November and sold for $1.7 million shortly after - truly a notable sale! To read more about the sale, learn about the endowment, and about how this will benefit the MLK Community Center click here

 

The Year Ahead

Like most people, I welcome this new year with a sense of optimism and enthusiasm, and our local real estate market gives me much reason for this sunny outlook. 
 
While many industries continue to endure or recover from the pandemic, real estate is holding strong, even more so here on Aquidneck Island. Our City by the Sea and surrounding [...]
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