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Lisa Adams & Jeffrey Marcus Sell Land In Orleans, MA For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsLand
Sold 05/31/2024
SOLD
Lisa Adams & Jeffrey Marcus Sell Land In Orleans, MA For $1.1M
17 Sparrowhawk Road
See Similar DealsLand
Sold 05/31/2024
Summary
MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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