facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Farm

/

Sale

/

South Brookville Road

Heartland Realty Sells 214.84-Acre Polo Ranch For $1.3M To Unnamed Buyer
SOLDFarm

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

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

Matthew Hermes

Broker

$9.3M

vol

5 deals

Broker

Polo Farm Market Snapshot

Boundary boundary · Farm · Sale transactions

Loading comparables…

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