Updated Dec 19, 2023
Teddy Toufic Acquires SFR On S Main St, Andover For $2M
298 South Main Street, Andover, MA, USA
$2,000,000
$258/SF
Building Size
7,729 SF
Asset Type
Single Family Residence
Closing
Sep 19, 2021
About this deal
AI
A single-family residence located at 298 S Main Street in Andover, MA has been sold. The property, which boasts a total of 7,729 square feet, was sold for a price of $2,000,000, slightly above the asking price of $1,999,950. The sale price translates to a price per square foot of $259. The transaction took place on September 20, 2021, and was captured in a photo by Bunmi Okoya.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $2,000,000
- Square Footage: 7,729
- Address: 298 S Main Street, Andover, MA
- Market: Andover, MA
Teddy Toufic emerged as the buyer of the property, while David Melody served as the seller. Representing the buyer was Bunmi Okoya from Chinatti Realty Group, and Gretchen Papineau from The Papineau Team at Coldwell Banker Realty represented the seller in the transaction.
On the Map
$2,000,000
$258/SF
Single Family Residence
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Players
Andover Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $258 per square foot on a published $2M for 7,729 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93