Updated Dec 4, 2024
Farm Sold For $1.09M In North Reading, MA By Fontas & Fitzgerald
22 Mount Vernon Street
$1,090,000
$312/SF
Building Size
3,494 SF
Asset Type
Farm
Closing
Feb 26, 2024
About this deal
AI
In North Reading, MA, a farm spanning 3.45 acres at 22 Mount Vernon Street has been sold for $1,090,000. The property measures 3,494 square feet, resulting in a price per square foot of $312.
Summary of transaction details:
- Property Type: Farm
- Transaction Amount: $1,090,000
- Address: 22 Mount Vernon Street
- Market: North Reading, MA
- Square Footage: 3,494
- Buyer's Rep: Candice Fontas - Engel & Volkers By the Sea
- Seller's Rep: Jodi Fitzgerald - Fitzgerald & Associates
The deal was successfully brokered by Candice Fontas from Engel & Völkers representing the buyer and Jodi Fitzgerald from Fitzgerald & Associates representing the seller.
Players
North Reading Farm Market Snapshot
Boundary boundary · Farm · Sale transactions
Loading comparables…
Deal FAQ
Visit Engel & Völkers to view all their deals.
Browse North Reading farm sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.55%
Cash-on-Cash
-4.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93