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17 Putney Lane, Lynnfield, ...

Jeffrey Herold Acquires Lynnfield Single Family Property On Putney Ln For $1.3M
SOLDSingle Family Residence

Jeffrey Herold Acquires Lynnfield Single Family Property On Putney Ln For $1.3M

17 Putney Lane, Lynnfield, MA 01940, USA

$1,300,000

$282/SF

Building Size

4,596 SF

Asset Type

Single Family Residence

Closing

Mar 31, 2021

AI

A single-family property located at 17 Putney Ln in Lynnfield, MA was recently sold in a closed transaction. The property, with a total area of 4,596 square feet, was sold for $1,300,000. The seller, VR - Top Point Capital Corp, was represented by Jonathan DaSilva from EVO Real Estate Group. On the other hand, the buyer, Jeffrey Herold, was represented by Grace Byrd from J. Barrett & Company. The property was listed with an asking price of $1,299,900, resulting in a sale price slightly higher than the initial asking price. The price per square foot for this transaction was approximately $283.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $1,300,000
  • Address: 17 Putney Ln, Lynnfield, MA
  • Market: Lynnfield, MA
  • Seller: VR - Top Point Capital Corp
  • Seller's Rep: Jonathan DaSilva - EVO Real Estate Group
  • Buyer: Jeffrey Herold
  • Buyer's Rep: Grace Byrd - J. Barrett & Company
  • Square Feet: 4,596
  • Price per Square Foot (PPSF): $283

The successful sale of this property highlights the involvement of key individuals and companies. Jonathan DaSilva from EVO Real Estate Group represented the seller, VR - Top Point Capital Corp, during the transaction. On the buyer's side, Grace Byrd from J. Barrett & Company provided representation. This transaction exemplifies the expertise and professionalism demonstrated by these real estate professionals.

Players

Jonathan DaSilva

Evo Real Estate Group

Broker

$11.4M

vol

5 deals

Broker

Lynnfield Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93