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:
- Property Type: Single Family
- Transaction Amount: $4,200,000
- Market: Richmond Hill, GA
- Square Footage: 7,080
- Price per Square Foot: $593
- Buyer's Representative: John Greenan - Engel & Völkers
- Seller's Representative: Jennie Kushner - Ansley Real Estate
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
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