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Paul Grover Of Berkshire Hathaway HomeServices Facilitates Sale Of 6.94-Acre Land In Barnstable For $3.2M
SOLD
$3,200,000
Massachusetts
See Similar DealsLand
Sold 11/04/2024
SOLD
Paul Grover Of Berkshire Hathaway HomeServices Facilitates Sale Of 6.94-Acre Land In Barnstable For $3.2M
135 Putnam Avenue
See Similar DealsLand
Sold 11/04/2024
Summary
MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale
A 6.94-acre waterfront property located at 135 Putnam Avenue in Barnstable, MA, has been sold for $3.2 million. This land offers panoramic views of Cotuit Bay and Nantucket Sound. The property comes with approved plans for a main residence, a second structure, a pool, and a tennis court, along with over 200 feet of sandy beach that includes access to a shared dock.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,200,000
- Address: 135 Putnam Avenue
- Market: Barnstable, MA
- Acres: 6.94
- Broker: Paul Grover - Berkshire Hathaway HomeServices
Paul Grover of Berkshire Hathaway HomeServices represented the seller in this transaction, ensuring the sale of this notable waterfront property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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