Chris Remmes & John Farrell Facilitate $1.95M Farm Sale In Wenham, MA
235 Larch Row
$1,950,000
$428/SF
Building Size
4,553 SF
Asset Type
Farm
Closing
May 22, 2024
AI
A skillfully converted post & beam barn in Wenham, MA, boasting historic charm and contemporary living, sold for $1,950,000. Situated on picturesque fields and pastures with over 3 acres, the property seamlessly integrates indoor and outdoor spaces, featuring a stunning stairway, wood-burning fireplace, spacious kitchen, and a two-story timber-framed barn awaiting customization.
Summary of transation details:
- Property Type: Farm
- Transaction Amount: $1,950,000
- Address: 235 Larch Row
- Market: Wenham, MA
- Square Footage: 4,553
- Price per Square Foot: $428
- Buyer's Rep: Chris Remmes - Remmes & Co
- Seller's Rep: John Farrell - Coldwell Banker
The deal was facilitated by Chris Remmes from Remmes & Co, representing the buyer, and John Farrell from Coldwell Banker, representing the seller. The transaction took place on 05/22/2024.
Players
Wenham Farm Market Snapshot
Boundary boundary · Farm · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93