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492 Ridgewood Road

Updated Dec 21, 2023

Sibongile & Fabian McNally Acquire Maplewood SFR For $1.145M
SOLDSingle Family Residence

Sibongile & Fabian McNally Acquire Maplewood SFR For $1.145M

492 Ridgewood Road

$1,145,000

$698/SF

Building Size

1,640 SF

Asset Type

Single Family Residence

Closing

Sep 30, 2022

About this deal

AI

The property at 492 Ridgewood Road in Maplewood, NJ was recently sold. The single-family home has a total area of 1,640 square feet and was sold for a price of $1,145,000. The sale price per square foot was calculated to be $698. The transaction took place on September 30, 2022.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $1,145,000
  • Address: 492 Ridgewood Road, Maplewood, NJ
  • Market: Maplewood, NJ

The buyer of the property was Sibongile & Fabian McNally, while the sellers were Jared & Sarah Fertman. The transaction was facilitated by John Scipione and Ava Dolcemascolo from Lighthouse Residential. John Scipione and Ava Dolcemascolo represent the buyers and sellers respectively in this deal. Notably, Ava Dolcemascolo is the youngest sales agent at Lighthouse Residential and is known for her dedication and high-quality work.

Players

John Scipione

Broker

$6.5M

vol

4 deals

Broker

Maplewood Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $698 per square foot on a published $1.1M for 1,640 square feet (2022).

Visit John Scipione to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.85%

Cash-on-Cash

-3.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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