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35 Lakeman's Lane

Sara Seber & Tracey Hutchinson Facilitate $1.506M Equestrian Farm Sale In Ipswich
SOLDFarm

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

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:

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.

Players

Tracey Hutchinson

Churchill Properties

Broker

$3M

vol

2 deals

Broker

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