Mary Susan Grahlherr Of Southern Realty Brokers Sale Of 278.34 Acres Farmland In Mount Vernon For $2.36M
$2,361,610
Building Size
—
Asset Type
Land
Closing
Aug 30, 2024
About this deal
AI
This transaction involved the sale of 278.34 acres of land located at 0000 East Violet Road in Mount Vernon. The sale price was $2,361,610. The property comprises 276 tillable acres that are currently farmed with a rotation of corn, soybean, and wheat. There is potential for future building sites on the property.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,361,610
- Acres: 278.34
- Broker: Mary Susan Grahlherr
- Agency: Southern Realty
- Market: Mount Vernon
Mary Susan Grahlherr represented the seller in this transaction, facilitating the sale of the property on East Violet Road in Mount Vernon. The land's agricultural capabilities and the potential for future development were significant factors in the transaction.
Players
Market 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
6.72%
Cash-on-Cash
-1.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93