Updated Dec 4, 2024
Sara Seber & Tracey Hutchinson Facilitate $1.506M Equestrian Farm Sale In Ipswich
35 Lakeman's Lane
$1,506,000
$494/SF
Building Size
3,044 SF
Asset Type
Farm
Closing
Jun 24, 2024
About this deal
AI
A charming equestrian property at 35 Lakemans Ln., Ipswich, sold for $1.506 million, featuring a 5-stall barn with heated tack room, ideal for horse enthusiasts. The French country kitchen, sunroom, and expansive living spaces highlight the home’s comfort and functionality, complemented by direct access to trails and Crane Beach nearby.
Summary of transaction details:
- Property Type: Farm
- Transaction Amount: $1,506,000
- Address: 35 Lakeman's Lane
- Market: Ipswich, MA
- SF: 3,044
- PPSF: $495
- Buyer's Rep: Sara Seber - Engel & Völkers
- Seller's Rep: Tracey Hutchinson - Churchill Properties
The deal was facilitated by Sara Seber from Engel & Völkers representing the buyer and Tracey Hutchinson from Churchill Properties representing the seller, ensuring a smooth transaction for both parties.
On the Map
$1,506,000
$494/SF
Farm
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Ipswich 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
10.53%
Cash-on-Cash
-3.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93