Updated Dec 21, 2023
RE/MAX The Real Estate Leaders Acquires Residential Land In Rumson For $2.995M
13 Oak Tree Ln, Rumson, NJ, USA
$2,995,000
$50/SF
Building Size
58,806 SF
Asset Type
Development Site
Closing
Mar 21, 2021
About this deal
AI
A residential land located at 13 Oak Tree Ln in Rumson has been sold for $2,995,000. This property, spanning over 1.11 acres, was listed at an approximate price per acre of $2,698,198.
Summary of transaction details
- Property Type: Residential Land
- Transaction Amount: $2,995,000
- Address: 13 Oak Tree Ln, Rumson
- Market: Rumson
- Acres: 1.11
- Price per Acre: $2,698,198
Pamela Girard and Philip Rotchford from Berkshire Hathaway HomeServices Fox & Roach represented the seller, while Lindsey Elliott from RE/MAX The Real Estate Leaders represented the buyer.
Players
Rumson Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.30%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93