Updated Nov 29, 2023
Marion Land Sold For $1,275,000 Via Mary Ellen Taylor & Jerry Beasley - House 2 Home
2801 Westminster Drive, Marion, IL, USA
$1,275,000
$622/SF
Building Size
2,048 SF
Asset Type
Development Site
Closing
Jan 7, 2021
About this deal
AI
The land located at 2801 Westminster Drive in Marion was recently sold for a price of $1,275,000. This property spans across 126 acres, resulting in a price per acre of $10,119. The sale of this land was facilitated by brokers Mary Ellen Taylor and Jerry Beasley of House 2 Home.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,275,000
- Acres: 126
- Price Per Acre: $10,119
- Brokers: Mary Ellen Taylor & Jerry Beasley - House 2 Home
This transaction showcases the success and expertise of Mary Ellen Taylor and Jerry Beasley from House 2 Home in securing the sale of this sizable piece of land in Marion.
Players
Marion Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
About $622 per square foot on a published $1.3M for 2,048 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93