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2801 Westminster Drive, Mar...

Marion Land Sold For $1,275,000 Via Mary Ellen Taylor & Jerry Beasley - House 2 Home
SOLDDevelopment Site

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

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

Mary Ellen Taylor

Broker

$1.3M

vol

1 deal

Broker

Marion Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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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