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McDermott & MacCarthy Acquires Single Family Home In Gloucester, MA For $2.1M

Property Image
SOLD
$2,101,000

Massachusetts

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Single Family Residence19,020 SF
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SOLD

McDermott & MacCarthy Acquires Single Family Home In Gloucester, MA For $2.1M

34 Thurston Point Rd, Gloucester, MA 01930, USA

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Single Family Residence19,020 SF
Sold
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Single Family Residence
Price Per Square Foot:$110
Total Square Footage:19020 SF
Transaction Type:Sale

Located at 34 Thurston Point Road in Gloucester, MA, this single-family property was recently sold for a price of $2,101,000. Spanning across 1,902 square feet, this home was purchased at an average price of $1,105 per square foot.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $2,101,000
  • Square footage: 1,902
  • Price per square foot: $1,105
  • Seller's Representative: Kathleen Sullivan - RE/MAX
  • Buyer's Representative: McDermott & MacCarthy - Gibson Sotheby's International Realty

Kathleen Sullivan from RE/MAX represented the seller in this transaction, while McDermott & MacCarthy from Gibson Sotheby's International Realty acted as the buyer's representative. The deal was successfully closed, further showcasing the expertise and professionalism of these real estate professionals.

Players

Kathleen Sullivan
Kathleen Sullivan
3 deals$4.8M volume
BROKER

Details

SOLD
IMAGE: Kathleen Sullivan⁠ DATE: 09/03/2020⁠ ADDRESS: 34 Thurston Point Road⁠ MARKET: Gloucester, MA⁠ ASSET TYPE: Single Family⁠ SALE PRICE: $2,101,000⁠ SF: 1,902⁠ PPSF: $1,105⁠ SELLER’S REP: Kathleen Sullivan – RE/MAX⁠ BUYER’S REP: McDermott & MacCarthy – Gibson Sotheby’s International Realty⁠

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

$112,053.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,464.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,959.81
Annual Debt Service$119,517.74