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Evergreen Farm In West Newbury Sells For $1.9M With Brenna Mcniff Of Coldwell Banker
SOLD
$1,900,000
Massachusetts
See Similar DealsFarm3,173 SF
Sold 05/29/2024
SOLD
Evergreen Farm In West Newbury Sells For $1.9M With Brenna Mcniff Of Coldwell Banker
114 Ash Street
See Similar DealsFarm3,173 SF
Sold 05/29/2024
Summary
MASSACHUSETTS
Asset Type:Farm
Price Per Square Foot:$598
Total Square Footage:3,173 SF
Transaction Type:Sale
A historic estate known as Evergreen Farm, spanning 36 acres in West Newbury, MA, was sold for $1.9 million. The property features a well-maintained antique colonial home, barns, and a pond, offering potential for various uses including farming and equestrian activities.
Summary of transaction details:
- Property Type: Farm
- Transaction Amount: $1,900,000
- Address: 114 Ash Street
- Market: West Newbury, MA
- Square Footage: 3,173
- Price per Square Foot: $599
- Broker: Brenna Mcniff - Coldwell Banker
The sale of Evergreen Farm in West Newbury, MA, was facilitated by Brenna Mcniff of Coldwell Banker, who represented the parties involved in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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