Paul Grover Of Berkshire Hathaway HomeServices Facilitates Sale Of 6.94-Acre Land In Barnstable For $3.2M
135 Putnam Avenue
$3,200,000
Building Size
—
Asset Type
Land
Closing
Nov 4, 2024
AI
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.
Cotuit 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93