SOLDLand
Stephanie Smith & Robert Kinlin Close $3.2M Land Sale In Cotuit, MA
172 Vineyard Road
$3,200,000
Building Size
—
Asset Type
Land
Closing
Apr 22, 2024
AI
A waterfront estate building parcel spanning 5.1 acres in Cotuit, MA, sold for $3.2 million, offering over 200 feet of water frontage along the pristine shoreline of Popponesset Bay.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,200,000
- Address: 172 Vineyard Rd
- Market: Cotuit, MA
- Asset Type: Land
- Acres: 5.1
- Buyer's Rep: Stephanie Smith - Kinlin Grover Compass
- Seller's Rep: Robert Kinlin - Berkshire Hathaway HomeServices
Stephanie Smith from Kinlin Grover Compass represented the buyer, while Robert Kinlin from Berkshire Hathaway HomeServices represented the seller in this transaction.
Players
Cotuit Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
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