Paula Peppers Of Re/Max Signature Properties Represents Buyer In $1.25M Land Sale In Fairview Heights
303 Bunkum Woods Drive
$1,250,000
Building Size
—
Asset Type
Land
Closing
Aug 21, 2024
About this deal
AI
An 11-acre land parcel located at 303 Bunkum Woods Drive in Fairview Heights was sold for a total of $1.25 million. It consists of 31 lots, contributing to its market value and desirability as a land asset.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,250,000
- Address: 303 Bunkum Woods Drive
- Market: Fairview Heights
- Acres: 11
- Buyer’s Representative: Paula Peppers - Re/Max Signature Properties
- Seller’s Representative: Christina Johnson - Keller WilliamsPinnacle
The transaction was facilitated by Paula Peppers, representing the buyer, while Christina Johnson represented the seller, highlighting the active roles of both real estate professionals in the closing of this land deal.
Players
Fairview Heights 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93