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Alexander Benson Of Keller Williams Realty Boston South Represents Buyer In Dover Land Sale For $1.6M

Property Image
SOLD
$1,600,000
Laura Mastrobuono
Alexander Benson

Massachusetts

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Land
Sold 08/22/2024
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Property Image
SOLD

Alexander Benson Of Keller Williams Realty Boston South Represents Buyer In Dover Land Sale For $1.6M

201 Dedham Street

See Similar Deals
Land
Sold 08/22/2024
Laura Mastrobuono
Alexander Benson
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale

A 2.67-acre lot in Dover, MA, was sold for $1.6 million, providing an opportunity to build a custom home. The property is situated on the town's east side and offers potential for a 5-bedroom septic system. The flat land is conducive to various development options.

Summary of transation details:

Representing the buyer in this transaction was Alexander Benson from Keller Williams Realty Boston South West, while Laura Mastrobuono from Compass represented the seller. The collaboration between these representatives facilitated the sale of the property in the Dover market.

Players

Alexander Benson
Keller Williams Realty
Alexander Benson
2 deals$2.6M volume
BROKER
Laura Mastrobuono
Compass
Laura Mastrobuono
5 deals$9.4M volume
BROKER

Details

SOLD
IMAGE: Alexander Benson & Laura Mastrobuono DATE: 08/22/2024 ADDRESS: 201 Dedham Street MARKET: Dover, MA ASSET TYPE: Land ~ ACRES: 2.67 BUYER'S REP: Alexander Benson (@AlexanderBenson_RealEstate_) - Keller Williams Realty Boston South West (@KellerWilliamsBSW) SELLER'S REP: Laura Mastrobuono (@LauraMastrobuono) - Compass (@Compass) SALE PRICE: $1,600,000 NOTE: A 2.67-acre lot in Dover, MA, sold for $1.6 million, offering an ideal site to build a custom home with potential for a 5-bedroom septic system. Located on the town's east side, the property features flat o

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80