AVTECH owners sell home to Water Rower CEO in Warren's biggest home sale of 2021

Posted 6/16/21

The owners of two of Warren's largest businesses completed the largest residential sale in Warren so far this year Monday.

Michael and Anne Sigourney, who own AVTECH in the Cutler Mills, sold …

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AVTECH owners sell home to Water Rower CEO in Warren's biggest home sale of 2021

Posted

The owners of two of Warren's largest businesses completed the largest residential sale in Warren so far this year Monday.

Michael and Anne Sigourney, who own AVTECH in the Cutler Mills, sold their home at 1 Libby Lane to Wrightman Investments LLC, a limited liability company of Peter King, CEO of Water Rower on Metacom Avenue. The purchase price for the property was $1.225 million.

The home, which the Sigourneys have called Swan Pointe during their nearly eight years there, covers more than 3,700 square feet of living space and sits on 3.5 acres of land on the shore of the upper Kickemuit River. The Sigourneys purchased the property for $374,900 in late 2013 and made significant improvements over the years.

They decided to downsize after spending a good portion of their time since the pandemic began in a property they own in New Hampshire. Water Rower lies a few hundred yards west of the property, on Metacom Avenue.

Mr. King, who lives at Touisset Point, said Tuesday that he is content there and doesn't have any definite plans to use the property as his primary residence. But since Water Rower is so close, purchasing made good sense.

"I have the land next to it, where the cattle graze, so (I) thought it made sense to join the properties," he said. "It will make a very nice lot."

Since the home is set up as separate units, he may use it for Water Rower staff, he said.

Main Street storefronts sell

Swan Pointe isn't the only significant property in Warren to sell of late.

Several storefronts at 458-464 Main St., including one that houses Warren House of Pizza, sold to the April Investment Company of Columbus, Ohio last month. The seller was AM Property Holdings LLC; the sale price was $875,000.

The property covers just over half an acre of land running from Main Street to Railroad Avenue, and Main Street-facing retail spaces account for approximately 7,200 square feet. The property is currently home to Nectar de la Vida (460 Main St.), In Your Ear (462 Main st.) and Warren House of Pizza (464 Main St.). The storefront at 458 Main St. is vacant.

There was no word from April Investment on plans for the property.

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A lifelong Portsmouth resident, Jim graduated from Portsmouth High School in 1982 and earned a journalism degree from the University of Rhode Island in 1986. He's worked two different stints at East Bay Newspapers, for a total of 18 years with the company so far. When not running all over town bringing you the news from Portsmouth, Jim listens to lots and lots and lots of music, watches obscure silent films from the '20s and usually has three books going at once. He also loves to cook crazy New Orleans dishes for his wife of 25 years, Michelle, and their two sons, Jake and Max.