Baseline Property Group Acquires 450 Acre Single Family Property In Edwards, CO For $40M
2400 Casteel Creek Road
$40,000,000
Building Size
—
Asset Type
Single Family Residence
Closing
Nov 30, 2022
AI
The single-family property located at 2400 Casteel Creek Rd in Edwards, CO has been sold for a price of $40,000,000. Spanning across 450 acres, this property offers a spacious and expansive living space. The transaction took place on November 30, 2022, with Baseline Property Group as the buyer and Robert Levine as the seller.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $40,000,000
- Address: 2400 Casteel Creek Rd, Edwards, CO
- Market: Edwards, CO
- Acres: 450
Malia Cox Nobrega and Barbara Gardner Scrivens from LIV Sotheby’s International Realty served as the brokers for this transaction, representing both the buyer and the seller. Their expertise and knowledge in the real estate industry facilitated the smooth completion of this deal.
Players
Edwards Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93