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Kerry L Nicolls Facilitates $1.25M Sale Of 8.5-Acre Farm In Rowley, MA

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SOLD
$1,249,000

Massachusetts

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Farm3,400 SF
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SOLD

Kerry L Nicolls Facilitates $1.25M Sale Of 8.5-Acre Farm In Rowley, MA

86 Hammond Street

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Farm3,400 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:Farm
Price Per Square Foot:$367
Total Square Footage:3400 SF
Transaction Type:Sale

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:

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

Kerry L Nicolls
2 deals$2.8M volume(978) 375-0943
BROKER

Details

SOLD
IMAGE: Kerry L Nicolls DATE: 06/27/2024 ADDRESS: 86 Hammond Street MARKET: Rowley, MA ASSET TYPE: Farm ~ ACRES: 8.5 BUYER'S REP: Kerry L Nicolls (@KerryMyRealtor) - Foundation Brokerage Group SELLER'S REP: Peter Manoogian - Mango Realty (@MangoRealtyTeam) SALE PRICE: $1,249,000 SF: 3,400 ~ PPSF: $367 NOTE: 86 Hammond St, Rowley, MA 01969, sold for $1,249,000 as an equestrian estate on a secluded 8.5-acre lot close to MBTA commuter rail. Built in 1999 with meticulous attention to detail, the property offers luxurious living with expansive living space, high-end amenities, and scenic pastoral views, making it an ideal retreat for an extended family or animal enthusiasts.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$66,613.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,437.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,920.90
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