Updated Dec 21, 2023
J. Stanley Edwards Represents Sale Of 7.24-Acre Farm In Groton, MA For $1.6M
61 Longley Road, Groton, Massachusetts 01450, United States
$1,600,000
$235/SF
Building Size
6,802 SF
Asset Type
Other
Closing
Jan 31, 2022
About this deal
AI
Located at 61 Longley Rd in Groton, MA, this 7.24-acre farm was recently sold for a price of $1,600,000. The property was listed by J. Stanley Edwards from Landvest, Inc., Concord. The sale took place on February 1, 2022. The farm encompasses a total of 6,802 square feet, resulting in a price per square foot of $235.
Summary of Transaction Details:
- Property Type: Farm
- Transaction Amount: $1,600,000
- Address: 61 Longley Rd, Groton, MA
- Square Footage: 6,802
- Price per Square Foot: $235
- Market: Groton, MA
- Broker: J. Stanley Edwards - Landvest, Inc., Concord
The sale of this farm showcases the successful transaction led by J. Stanley Edwards from Landvest, Inc., Concord. Through their expertise and negotiation skills, the farm was sold for its market value of $1,600,000. This transaction is a testament to the strong demand for properties in Groton, MA, and the agricultural opportunities it offers.
Groton Other Market Snapshot
Boundary boundary · Other · 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