Kerry L Nicolls Facilitates $1.25M Sale Of 8.5-Acre Farm In Rowley, MA
86 Hammond Street
$1,249,000
$367/SF
Building Size
3,400 SF
Asset Type
Farm
Closing
Jun 27, 2024
AI
Located at 86 Hammond St, Rowley, MA 01969, this equestrian estate was recently sold for $1,249,000. Situated on a secluded 8.5-acre lot in Rowley, MA, the property was built in 1999 and offers a generous living space of 3,400 square feet. Boasting high-end amenities and scenic pastoral views, this estate provides a luxurious retreat ideal for extended families or animal enthusiasts.
Summary of transaction details:
- Property Type: Farm
- Transaction Amount: $1,249,000
- Market: Rowley, MA
- Square Footage: 3,400
- Price per Square Foot: $367
- Buyer's Representative: Kerry L Nicolls - Foundation Brokerage Group
- Seller's Representative: Peter Manoogian - Mango Realty
Kerry L Nicolls from Foundation Brokerage Group represented the buyer in this transaction, while Peter Manoogian from Mango Realty acted as the seller's representative. The property's sale as an equestrian estate with meticulous attention to detail highlights the expertise and negotiation skills of the buyer's and seller's representatives in facilitating the deal.
Players
Rowley 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
12.70%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93