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17 Sparrowhawk Road

Updated Dec 4, 2024

Lisa Adams & Jeffrey Marcus Sell Land In Orleans, MA For $1.1M
SOLDLand

Lisa Adams & Jeffrey Marcus Sell Land In Orleans, MA For $1.1M

17 Sparrowhawk Road

$1,100,000

Building Size

Asset Type

Land

Closing

May 31, 2024

About this deal

AI

The property located at 17 Sparrowhawk Rd in Orleans, MA, was sold for $1.1 million. This land offers exclusive access to a private 200-foot section of Pochet Beach, a land bridge, and a parking lot, making it an ideal location for constructing a dream home within the desirable Pochet Association.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,100,000
  • Address: 17 Sparrowhawk Road
  • Market: Orleans, MA

Lisa Adams of Orleans Village Properties represented the buyer in this transaction, while Jeffrey Marcus of Sotheby's International Realty represented the seller. This sale provided a rare opportunity for ownership within the well-preserved neighborhood, offering a slice of beach and various amenities.

Players

Jeffrey Marcus

Sotheby's International Realty

Broker

$1.1M

vol

1 deal

Broker

Orleans Land Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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