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354 Myrtle Grove Lane

John Greenan Acquires Richmond Hill Estate For $4.2M With Jennie Kushner
SOLDSingle Family

John Greenan Acquires Richmond Hill Estate For $4.2M With Jennie Kushner

354 Myrtle Grove Lane

$4,200,000

$593/SF

Building Size

7,080 SF

Asset Type

Single Family

Closing

Apr 15, 2024

AI

A 1.67-acre estate located in Richmond Hill's Ford Field and River Club was sold for $4.2 million on April 2. The property, situated at 354 Myrtle Grove Lane, is a 7,080 square foot, 5-bedroom home designed by Andy Lynch of Lynch Associates Architects and constructed in 2018 by Brooks Construction. The estate boasts farmhouse-meets-colonial aesthetics and offers scenic views overlooking Lake Habersham from its position on the second fairway of the golf course.

Summary of transaction details:

The deal involved in the transaction was facilitated by John Greenan from Engel & Völkers, representing the buyer, and Jennie Kushner from Ansley Real Estate, representing the seller. These key individuals played crucial roles in the successful sale of the property at Myrtle Grove Lane, emphasizing the importance of knowledgeable and dedicated real estate professionals in high-value transactions.

Players

Jennie Kushner

Ansley Real Estate

Broker

$4.2M

vol

1 deal

Broker

Richmond Hill Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93