Joe White III Acquires SFR In Lynnfield, MA From Joseph Papagni For $785K
3 Elliot Rd, Lynnfield, MA, USA
$785,000
$420/SF
Building Size
1,866 SF
Asset Type
Single Family Residence
Closing
Aug 16, 2021
AI
A single-family home located at 3 Elliot Rd in Lynnfield, MA has recently been sold. The property, listed on Instagram by Nik Amicone (@nikolasamicone), features a total of 1,866 square feet. The transaction took place on 08/17/2021, with an asking price of $679,900 and a final sale price of $785,000. This amounts to approximately $421 per square foot.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $785,000
- Address: 3 Elliot Rd, Lynnfield, MA
- Market: Lynnfield, MA
- Seller: Joseph Papagni
- Buyer: Joe White III
- Brokers: Nik Amicone - Amicone & Associates
It is worth noting that this property was previously purchased on 10/22/2020 for $630,000, making the recent sale price $155,000 higher than the previous purchase price.
Players
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
20.21%
Cash-on-Cash
-5.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93