Douglas C. Yearley, Jr Acquires 21-Acre Land In Spring City, PA For $2.64M
25 Seven Stars Road
$2,640,000
Building Size
—
Asset Type
Land
Closing
Dec 6, 2023
AI
Douglas C. Yearley, Jr - Toll Brothers has acquired a 21-acre property at 25 Seven Stars Road in Spring City, Chester County, Pennsylvania. The transaction took place on December 6, 2023, for a sale price of $2,640,000. The property is designated as land and is located in the Spring City market. The property will be used for the construction of 33 single-family homes.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,640,000
- Address: 25 Seven Stars Road, Spring City, PA
- Market: Spring City
The buyer of the property is Douglas C. Yearley, Jr, representing Toll Brothers. Toll Brothers is a real estate development company specializing in building luxury homes. This acquisition aligns with their plans to construct 33 single-family homes on the 21-acre property in Spring City.
Phoenixville Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.01%
Cash-on-Cash
-1.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93