We are delighted that we were able to assist 2 families with their unique horse property acquisitions. Both Hamilton equestrian properties sold in October 2019. Our Team represented the Sellers of Wilderness Farm (467 Sagamore Street closed on October 9th ) and the Buyers of Rockwood Farm ( 2 Spingler Drive closed on October 30th).
467 Sagamore transferred for $1,330,00 on approximately 5 acres. The new owners retained a Right of First Offer for the adjacent 8 +/- acre Ipswich parcel if it is ever offered for sale. Wilderness Farm’s asking price was predicated on its need for some renovation and addressing of several deferred maintenance issues.
During 467 Sagamore’s marketing period, the fate of an adjacent 500+/- acre parcel known as Sagamore Hill was uncertain. A coalition of conservation-minded organizations speared by Essex County Greenbelt was given a finite period to raise the funds needed to purchase it. This uncertainty made 467 Sagamore an untenable risk for many potential Buyers and increased the property’s time on the market. Happily, the property was conserved and the new owners enjoy direct access to the immense reservation and its equestrian, hiking and cross country ski trails!
Rockwood Farm conveyed on October 30th, 2019. It was listed for $2,395,000 on September 12th, 2019. We quickly identified that this property was about to be listed and notified our clients. They purchased it for $2,100,000. Rockwood Farm’s Residence and Carriage House underwent major architectural renovations between 2007 and 2011 and provide a modern, amenity-laden complex for multi-generational living. The very private 9+ acres provide gently sloping paddocks, a barn, and a sand riding ring that will delight the horse owner. Equine pursuits are further enhanced by direct access to the ECTA’s extensive trail system.
It is truly satisfying to see these magnificent properties being used to their full potential by all the happy humans, ecstatic equines, and precious pets involved!