LINCOLN, RI – September 28th, 2023 – Compass is pleased to announce the sale of ‘Somerset Farms’, 8 Steeple Lane, in Lincoln for $1,225,000. The property sold for $100,000 over asking price. Kira Greene and the Fava + Vieira Group of Compass’ Providence Office collectively represented the Seller. According to data maintained by the Rhode Island Statewide MLS, this sale achieved the highest price per square foot of any luxury sale in Lincoln this year.
This custom-built single-level estate sited on 2.5 acres of expansive grounds features 3 bedrooms, 3 full & 2 half bathrooms and an in-ground pool. Additional property highlights include a built-in outdoor pizza oven and dual gas grill range.
“It was an honor listing this exquisite Lincoln home. Looking to the future, Lincoln and Northern RI properties are well positioned to continue to increase in value as we attract out of state buyers over the border from metro Boston communities,” commented Kira Greene.
“We are thrilled to bring Northern RI to an elevated standard of buying and selling representation through Compass and our unmatched marketing capabilities” added Matthew Vieira of Fava + Vieira Group.
Year to date, Compass has participated in 202 $1M+ transactions in Rhode Island. Compass maintains over 24% market share for properties closed over $1M, which is more than 2x the next closest brokerage.*
Compass, the Nation’s #1 real estate brokerage for the second year in a row, is a real estate company with a purpose – to help everyone find their place in the world.** In Rhode Island, Compass wholly owns and operates 12 offices, including Compass Providence and the soon to open Compass Barrington. Year-to-date, Compass ranks as the #1 real estate brokerage Statewide and continues to lead Rhode Island’s luxury market.*
*Rankings and data points based on information from the Rhode Island Statewide MLS for the period of 01/01/2014 – 9/27/23. Sales volume for Compass in Rhode Island includes transactions closed under Compass, Lila Delman Compass, and Randall Realtors Compass. Luxury market defined as $1M+ sales. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only.
**T. Velt, “RealTrends 500: The Rise of Compass,” RealTrends, Online, HW Media, 3/25/2022, https://www.realtrends.com/realtrends-500-the-rise-of-compass/.