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60 Brush Hill Rd Sherborn, ...

Updated Sep 9, 2024

Century 21 North East Acquires 26.74-Acre Farm In Sherborn, MA For $3.95M
SOLDFarm

Century 21 North East Acquires 26.74-Acre Farm In Sherborn, MA For $3.95M

60 Brush Hill Rd Sherborn, MA 01770, USA

$3,950,000

$622/SF

Building Size

6,341 SF

Asset Type

Farm

Closing

Aug 31, 2023

About this deal

AI

A 26.74-acre farm property located at 60 Brush Hill Road in Sherborn, Massachusetts, was recently sold for $3,950,000. The transaction involved Beatriz Gomez of Century 21 North East representing the buyer and Mimi Henning of Barrett Sotheby's International Realty representing the seller. The property offers a total area of 26.74 acres and features a spacious 6,341 square feet of living space. With a price per square foot of $623, this farm property provides a unique opportunity for buyers in the Sherborn market.

Summary of transaction details

  • Property Type: Farm
  • Transaction Amount: $3,950,000
  • Address: 60 Brush Hill Road, Sherborn, MA
  • Market: Sherborn, MA
  • Buyer's Representative: Beatriz Gomez - Century 21 North East
  • Seller's Representative: Mimi Henning - Barrett Sotheby's International Realty
  • Size: 26.74 acres
  • Square Footage: 6,341
  • Price per Square Foot: $623

Beatriz Gomez of Century 21 North East provided representation to the buyer in this transaction. On the other hand, Mimi Henning from Barrett Sotheby's International Realty acted as the seller's representative. The deal represents a significant milestone in the local real estate market, offering a large farm property with ample living space. Buyers in Sherborn, MA, had the opportunity to purchase this unique property through the expertise of Gomez and Henning.

Players

Mimi Henning

Sotheby's International Realty

Broker

$4M

vol

1 deal

Broker

Newton Highlands Farm Market Snapshot

Boundary boundary · Farm · Sale transactions

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Deal FAQ

About $622 per square foot on a published $4M for 6,341 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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