Nikolas Amicone & Ashley Amicone Acquire SFR In Andover, MA From Richard Mahoney
8 Langley Lane, Andover, Massachusetts, USA
$850,000
$307/SF
Building Size
2,764 SF
Asset Type
Single Family Residence
Closing
Jul 23, 2020
AI
An SFR located at 8 Langley Ln in Andover, MA, was recently sold in a transaction completed on July 23, 2021. The property, consisting of approximately 2,764 square feet, was purchased by Nikolas Amicone and Ashley Amicone at a sale price of $850,000. The seller in this deal was Richard Mahoney. The transaction was facilitated by Nik Amicone from Amicone & Associates.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $850,000
- Address: 8 Langley Ln, Andover, MA
- Market: Andover, MA
- Buyer: Nikolas Amicone & Ashley Amicone
- Seller: Richard Mahoney
- Buyer's Representative: Nik Amicone - Amicone & Associates
Nikolas Amicone and Ashley Amicone were the buyers in this transaction, while Richard Mahoney served as the seller. Nik Amicone from Amicone & Associates acted as the representative for the buyers in the deal.
More information about the transaction can be found at www.AmiconeAssociates.com.
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
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93