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Equine Homes Real Estate Acquires 27.71 Acre Farm In Harvard, MA For $2.2M

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SOLD
$2,200,000

Massachusetts

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Equine Homes Real Estate Acquires 27.71 Acre Farm In Harvard, MA For $2.2M

165 Littleton County Road, Harvard, Massachusetts 01451, United States

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Other5,191 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$423
Total Square Footage:5191 SF
Transaction Type:Sale

The 27.71-acre farm located at 165 Littleton County Rd in Harvard, MA has been sold for $2,200,000. The sale was facilitated by J. Stanley Edwards of LANDVEST, INC. - Boston, who represented the seller, and Kerry Parker of Equine Homes Real Estate, LLC, who represented the buyer.

Summary of transaction details:

  • Property Type: Farm
  • Sale Price: $2,200,000
  • Address: 165 Littleton County Rd, Harvard, MA
  • Market: Harvard, MA
  • Buyer's Representative: Kerry Parker - Equine Homes Real Estate, LLC
  • Seller's Representative: J. Stanley Edwards - LANDVEST, INC. - Boston
  • Image: J. Stanley Edwards (refer to link)
  • Date: 06/24/2022

The successful transaction of this 27.71-acre farm was made possible through the expertise of J. Stanley Edwards from LANDVEST, INC. - Boston, who skillfully represented the seller, and Kerry Parker from Equine Homes Real Estate, LLC, who effectively advocated for the buyer's interests.

Players

KP
1 deal$2.2M volume
BROKER

Details

SOLD
IMAGE: J. Stanley Edwards DATE: 06/24/2022 ADDRESS: 165 Littleton County Rd MARKET: Harvard, MA ASSET TYPE: Farm ~ ACRES: 27.71 BUYER'S REP: Kerry Parker - Equine Homes Real Estate, LLC SELLER'S REP: J. Stanley Edwards - LANDVEST, INC. - Boston SALE PRICE: $2,200,000

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

$117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47