News Summary
The recent sale of 103 Jastram St. in Elmhurst, Providence, at $685,525, marks a record for single-family homes in the area. This price reflects growing demand and highlights strong market trends. Represented by leading realtors, the colonial-style home showcases extensive renovations and desirable features, making it highly appealing. The sale signifies robust activity in the Elmhurst real estate market as buyers seek quality homes post-pandemic.
Elmhurst, Providence Sees Record High Sale at 103 Jastram St.
The recent sale of a property at 103 Jastram St. in Elmhurst, Providence has set a new benchmark for single-family home sales in the neighborhood, with a final sale price of $685,525. This transaction highlights the growing demand for residential properties in the area and reflects strong market trends.
The property was represented by Robert Rutley, a sales associate with Mott & Chace Sotheby’s International Realty, while the buyers were represented by Stephen Gaskin of Residential Properties Ltd. This sale marks a significant milestone as it is now the highest recorded single-family sale in Elmhurst according to data from the Multiple Listing Service.
Features of the Property
103 Jastram St. is a colonial-style home situated on a picturesque tree-lined street, located just one block from Pleasant Valley Parkway. The home underwent a comprehensive renovation that enhanced its appeal. It now boasts high ceilings, hardwood floors, custom crown molding, and all-new windows, making it a modern yet classic residence.
The kitchen has been newly renovated to include quartz countertops, brand new appliances, and elegant finishes, catering to contemporary tastes for luxury and functionality. The property is complemented by a large, well-manicured yard, as well as a one-car garage, adding to the functionality of the home.
Market Trends and Implications
Robert Rutley emphasized the significance of this particular sale, highlighting the seller’s commitment to creating a home designed for comfort and entertaining. By focusing on the home’s features and potential, Rutley aimed to make a compelling marketing presentation that enticed prospective buyers.
This record-breaking sale is part of a broader trend in Elmhurst, where the residential real estate market has seen increased activity and competition. Rutley has a history of participating in significant sales within the area, having been involved in previous record transactions, such as properties located at 2 Rosebank Dr. and 105 Hilltop Ave..
Community and Historical Context
Elmhurst is known for its vibrant community and well-established neighborhoods. Its proximity to parks, good schools, and local amenities has made it a desirable location for families and individuals seeking a suburban lifestyle close to urban conveniences.
The increased interest in Elmhurst’s real estate market can be seen as part of a larger trend involving home buyers seeking spaces that accommodate both comfort and the ability to entertain, especially following recent shifts in lifestyle preferences brought on by the pandemic.
Overall, the sale of 103 Jastram St. stands as a testament to the robust state of Elmhurst’s real estate market, demonstrating that properties designed with a focus on quality and livability are highly sought after by home buyers in today’s market.
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- Providence Journal: RI Real Estate Transactions
- GoLocal Prov: Boston’s Top Planner Conference
- Boston Real Estate Times: $52.5 Million Sale
- Wikipedia: Real Estate
- GoLocal Prov: Mega Real Estate Deal
- Encyclopedia Britannica: Economic Theory
Author: STAFF HERE PROVIDENCE WRITER
The PROVIDENCE STAFF WRITER represents the experienced team at HEREProvidence.com, your go-to source for actionable local news and information in Providence, Providence County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as WaterFire, Rhode Island International Film Festival, and Rhode Island Comic Con. Our coverage extends to key organizations like the Greater Providence Chamber of Commerce and Providence Warwick Convention & Visitors Bureau, plus leading businesses in finance and manufacturing that power the local economy such as Citizens Financial Group and Textron. As part of the broader HERE network, we provide comprehensive, credible insights into Rhode Island's dynamic landscape.
