Updated Dec 4, 2024
Farm Property In North Andover, MA Sells For $1.325M With Buyer's Rep Valerie Previte And Seller's Rep Gerri Bernstein
40 Duncan Drive
$1,325,000
$488/SF
Building Size
2,710 SF
Asset Type
Farm
Closing
Nov 30, 2023
About this deal
AI
A farm property at 40 Duncan Drive in North Andover, MA, has changed hands for $1.325 million. The property spans 2,710 square feet and has a price per square foot of $489.
Summary of transaction details
- Property Type: Farm
- Transaction Amount: $1,325,000
- Address: 40 Duncan Drive, North Andover, MA
- Market: North Andover, MA
The buyer's representative, Valerie Previte of William Raveis Real Estate - Andover, facilitated the purchase of the property from the seller's representative, Gerri Bernstein of Equine Homes Real Estate.
NOTE: Valerie Previte of William Raveis Real Estate - Andover represented the buyer in the transaction, while Gerri Bernstein of Equine Homes Real Estate represented the seller.
Players
North Andover 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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93