Updated Dec 4, 2024
0.39 Acre Waterfront Lot Sold In Rockport MA For $1.45 Million With Rep Jill Michaud
10 Briarstone Road
$1,450,000
Building Size
—
Asset Type
Land
Closing
Aug 1, 2024
About this deal
AI
A 0.39-acre waterfront lot located at 10 Briarstone Road in Rockport, MA, has been sold for $1,450,000. The property includes approved plans for a 3,000-square-foot home and offers ocean views, making it suitable for a year-round residence or vacation getaway.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,450,000
- Address: 10 Briarstone Road
- Market: Rockport, MA
- Broker: Jill Michaud - Gibson Sotheby's International Realty
This transaction involves Jill Michaud from Gibson Sotheby's International Realty, representing the interests in this sale, highlighting the collaboration between the broker and the buyers or sellers in this property deal.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93