Updated Dec 4, 2024
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
Orleans Land Market Snapshot
Boundary boundary · Land · Sale transactions
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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