Updated Dec 4, 2024
Michael Tinsley Of Longwood Residential Represents Buyer In $1.6M Sherborn Farm Sale
91 Western Avenue
$1,600,000
$403/SF
Building Size
3,969 SF
Asset Type
Farm
Closing
Jul 11, 2024
About this deal
AI
A farm property located at 91 Western Avenue in Sherborn, MA has been sold for $1,600,000, resulting in a price per square foot of $403. The property encompasses 3,969 square feet.
Summary of transaction details:
- Property Type: Farm
- Transaction Amount: $1,600,000
- Square Footage: 3,969
- Price Per Square Foot: $403
- Buyer's Representative: Michael Tinsley - Longwood Residential
- Seller's Representative: Laura Mastrobuono - Compass
Michael Tinsley represented the buyer in this transaction, facilitating the purchase, while Laura Mastrobuono of Compass acted as the seller's representative, overseeing the sale process.
On the Map
$1,600,000
$403/SF
Farm
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Sherborn 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93