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298 South Main Street, Ando...

Teddy Toufic Acquires SFR On S Main St, Andover For $2M
SOLDSingle Family Residence

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

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.

Players

Bunmi Okoya

Chinatti Realty

Broker

$6.7M

vol

4 deals

Broker

Andover 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93