Heartland Realty Sells 214.84-Acre Polo Ranch For $1.3M To Unnamed Buyer
South Brookville Road
$1,300,000
Building Size
—
Asset Type
Farm
Closing
Jul 8, 2024
About this deal
AI
A 214.84-acre ranch in Carroll and Ogle Counties, located in Elkhorn Grove Township and Eagle Point Township, was sold for $1.3 million. The property was competitively priced at under $9,000 per acre, with low taxes of under $17 per acre.
Summary of transaction details:
- Property Type: Ranch
- Transaction Amount: $1,300,000
- Address: 000 South Brookville Road
- Market: Polo
- Asset Type: Ranch
- Acres: 214.84
- Broker: Matthew Hermes - Heartland Realty
The 214.84-acre ranch located in Carroll and Ogle Counties was sold by Matthew Hermes from Heartland Realty. The property, priced at under $9,000 per acre, attracted buyers due to its low taxes of under $17 per acre.
Players
Polo Farm Market Snapshot
Boundary boundary · Farm · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93