Berkshire Hathaway HomeServices Acquires 37.07 Acres Of Land In Huntley, IL For $1.2M
SOLD
$1,225,000
Illinois
See Similar Deals3,021 SF
Sold 07/26/2020
SOLD
Berkshire Hathaway HomeServices Acquires 37.07 Acres Of Land In Huntley, IL For $1.2M
9803 Illinois 47, Huntley, IL, USA
See Similar Deals3,021 SF
Sold 07/26/2020
Summary
ILLINOIS
Price Per Square Foot:$405
Total Square Footage:3,021 SF
Transaction Type:Sale
Located in Huntley, IL, a property at 9803 N IL Route 47 has recently been sold for a total price of $1,225,000. This transaction involves a land asset spanning a vast area of 37.07 acres. With a purchase price per acre (PPA) of $33,046, this sale represents a significant deal in the area.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,225,000
- Acres: 37.07
- Price Per Acre (PPA): $33,046
- Market: Huntley, IL
Representing the buyer's side is Emily Smith from Berkshire Hathaway HomeServices Starck Real Estate. On the seller's side, Sara Mitchell is the representative from Century 21 New Heritage - Huntley. Both agents played key roles in facilitating this successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.12
Annual Debt Service$69,685.50
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