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Andrew Mcelhinney's Wallace & Co. Sotheby’s International Realty Sells Chilmark, MA Single Family Home For $6.6M

Property Image
SOLD
$6,600,000

Massachusetts

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Single Family Residence2,914 SF
Sold 11/30/2020
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Property Image
SOLD

Andrew Mcelhinney's Wallace & Co. Sotheby’s International Realty Sells Chilmark, MA Single Family Home For $6.6M

277 North Road, Chilmark, MA, USA

See Similar Deals
Single Family Residence2,914 SF
Sold 11/30/2020
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Single Family Residence
Price Per Square Foot:$2,264
Total Square Footage:2,914 SF
Transaction Type:Sale

Located at 277 North Road in Chilmark, MA, this single-family home was recently sold for $6,600,000. The property spans approximately 2,914 square feet, resulting in a price per square foot of $2,265. Situated on a vast 58.1-acre lot, the price per acre equates to $113,597.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $6,600,000
  • Address: 277 North Road, Chilmark, MA
  • Market: Chilmark, MA
  • Asset Type: Single Family

The sale of this property was represented by Andrew Mcelhinney from Wallace & Co. Sotheby’s International Realty.

Players

Andrew McElhinney
Compass
Andrew McElhinney
4 deals$12.4M volume
BROKER

Details

SOLD
IMAGE: Andrew Mcelhinney⁠ DATE: 11/30/2020⁠ ADDRESS: 277 North Road⁠ MARKET: Chilmark, MA⁠ ASSET TYPE: Single Family⁠ ⁠ BROKER: Andrew Mcelhinney - Wallace & Co. Sotheby’s International Realty⁠ ⁠ SALE PRICE: $6,600,000⁠ SF: 2,914 ~ PPSF: $2,265⁠ ⁠ACRES: 58.1 ~ PPA: $113,597

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

$352,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,448.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,287.37
Annual Debt Service$375,448.41