Michael R. Macgilpin & Andrea L. Macgilpin Acquire 12 Colonial Lane In Ridgefield, CT For $1.26M
SOLD
Connecticut
See Similar DealsSingle Family Residence5,870 SF
Sold 03/22/2021
SOLD
Michael R. Macgilpin & Andrea L. Macgilpin Acquire 12 Colonial Lane In Ridgefield, CT For $1.26M
Colonial Lane, Ridgefield, CT, USA
See Similar DealsSingle Family Residence5,870 SF
Sold 03/22/2021
Summary
CONNECTICUT
Asset Type:Single Family Residence
Price Per Square Foot:$214
Total Square Footage:5,870 SF
Transaction Type:Sale
A single-family home located at 12 Colonial Lane in Ridgefield, CT was recently sold for $1,260,000. The property spans across 5,870 square feet, resulting in a price per square foot of $215.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,260,000
- Address: 12 Colonial Lane, Ridgefield, CT
- Market: Ridgefield, CT
The sellers of the property were Kenneth G. Brady and Kristie L. Brady, while the buyers were Michael R. Macgilpin and Andrea L. Macgilpin. The sale was facilitated by Heather Neumann Salaga from Neumann Real Estate and Amy Mosley from Keller Williams Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,476.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,973.04
Annual Debt Service$71,676.51
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