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Farm Property In North Andover, MA Sells For $1.325M With Buyer's Rep Valerie Previte And Seller's Rep Gerri Bernstein
SOLD
$1,325,000
Massachusetts
See Similar DealsFarm2,710 SF
Sold
SOLD
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
See Similar DealsFarm2,710 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Farm
Price Per Square Foot:$488
Total Square Footage:2710 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11
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