Oscar Brand & Mark Goodwin Sell 192.82 Acres Of Land In Beecher, IL For $2.2M
155 E Goodenow Rd Beecher, IL 60401, USA
$2,200,000
Building Size
—
Asset Type
Land
Closing
Aug 11, 2023
About this deal
AI
A total of 192.82 acres of land located at 155 East Goodenow Road in Beecher, IL, was recently sold for a price of $2.2 million. The property comprises two parcels, with one measuring 152.82 acres and the other measuring 40.0 acres. Along with the land, the sale includes homes, farm buildings, stables, and productive farmland. The farmland features 175.78 tillable acres and boasts an average soil PI of 118.4.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,200,000
- Address: 155 East Goodenow Road, Beecher, IL
- Market: Beecher
- Total Acres: 192.82
Oscar Brand of RE/MAX City served as the buyer's representative in this transaction, while Mark Goodwin from Goodwin & Associates Real Estate represented the seller. The involvement of these real estate professionals ensured a smooth and successful sale of the property.
On the Map
$2,200,000
Land
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Players
Goodenow Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93