LandVest MV Represents Seller In $13M Edgartown, MA Single Family Home Sale
SOLD
$13,000,000
Massachusetts
See Similar DealsSingle Family Residence10,000 SF
Sold 12/30/2020
SOLD
LandVest MV Represents Seller In $13M Edgartown, MA Single Family Home Sale
65 Butler's Cove Road, Edgartown, MA, USA
See Similar DealsSingle Family Residence10,000 SF
Sold 12/30/2020
Summary
MASSACHUSETTS
Asset Type:Single Family Residence
Price Per Square Foot:$1,300
Total Square Footage:10,000 SF
Transaction Type:Sale
A single-family property located at 65 Butlers Cove Road in Edgartown, MA was recently sold for a price of $13,000,000. The property spans over 10,000 square feet and is situated on 9 acres of land. The sale price per square foot was $1,300 and the price per acre was $1,444,444.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $13,000,000
- Address: 65 Butlers Cove Road, Edgartown, MA
- Market: Edgartown, MA
The seller was represented by Gerret C. Conover from LandVest MV, while the buyer was represented by Mark D. Jenkins from Wallace & Co. Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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