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18 Paddock Road In Oak Bluffs, MA Sells For $2.3M - Andrew McElhinney - Wallace & Co. Sotheby’s International Realty Exclusive

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SOLD
$2,300,000

Massachusetts

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Single Family Residence4,329 SF
Sold 12/11/2020
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Property Image
SOLD

18 Paddock Road In Oak Bluffs, MA Sells For $2.3M - Andrew McElhinney - Wallace & Co. Sotheby’s International Realty Exclusive

18 Paddock Road, Oak Bluffs, Vineyard Haven, MA, USA

See Similar Deals
Single Family Residence4,329 SF
Sold 12/11/2020
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Summary

MASSACHUSETTS
Asset Type:Single Family Residence
Price Per Square Foot:$531
Total Square Footage:4,329 SF
Transaction Type:Sale

The single-family home located at 18 Paddock Road in Oak Bluffs, MA has recently been sold. The transaction took place on 12/11/2020 with a sale price of $2,300,000. The property spans over 4,329 square feet, resulting in a price per square foot of $531. The sale was facilitated by Andrew McElhinney of Wallace & Co. Sotheby’s International Realty Exclusive.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $2,300,000
  • Address: 18 Paddock Road, Oak Bluffs, MA
  • Market: Oak Bluffs, MA
  • Broker: Andrew McElhinney - Wallace & Co. Sotheby’s International Realty Exclusive
  • Square Footage: 4,329
  • Price Per Square Foot: $531

This real estate transaction highlights the successful collaboration between the seller, buyer, and the broker representing the buyer. The expertise of Andrew McElhinney from Wallace & Co. Sotheby’s International Realty Exclusive played a crucial role in facilitating the purchase of this property.

Players

Andrew McElhinney
4 deals$12.4M volume
BROKER

Details

SOLD
IMAGE: Andrew McElhinney DATE: 12/11/2020 ADDRESS: 18 Paddock Road MARKET: Oak Bluffs, MA ASSET TYPE: Single Family BROKER: Andrew McElhinney - Wallace & Co. Sotheby’s International Realty Exclusive SALE PRICE: $2,300,000 SF: 4,329 ~ PPSF: $531

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

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08