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1 Plum Bush Downs

Jennifer Diruzza & Joe Pappalardo Acquire SFR In Newbury, MA For $1.065M
SOLDSingle Family Residence

Jennifer Diruzza & Joe Pappalardo Acquire SFR In Newbury, MA For $1.065M

1 Plum Bush Downs

$1,065,000

$554/SF

Building Size

1,922 SF

Asset Type

Single Family Residence

Closing

Aug 1, 2022

AI

The single-family residential property located at 1 Plum Bush Downs in Newbury, MA has recently been sold in a closed transaction. The property spans across 1,922 square feet and was sold for a total price of $1,065,000, resulting in a price per square foot of $554.

Summary of transaction details:

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $1,065,000
  • Address: 1 Plum Bush Downs, Newbury, MA
  • Market: Newbury, MA

The buyers of the property are Jennifer Diruzza and Joe Pappalardo, while the seller is B2W LLC. Representing the buyers in this transaction is Andrea Osbon from Churchill Properties, and Matthew Petty from Frame Residential represents the seller.

Players

Matthew Petty

FRAME Residential

Broker

$20.7M

vol

11 deals

Broker

Newbury Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.89%

Cash-on-Cash

-4.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93