Updated Dec 4, 2024
Alexander Benson Of Keller Williams Realty Boston South Represents Buyer In Dover Land Sale For $1.6M
201 Dedham Street
$1,600,000
Building Size
—
Asset Type
Land
Closing
Aug 22, 2024
About this deal
AI
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:
- Property Type: Land
- Transaction Amount: $1,600,000
- Address: 201 Dedham Street
- Market: Dover, MA
- Acreage: 2.67
- Buyer's Representative: Alexander Benson - Keller Williams Realty Boston South West
- Seller's Representative: Laura Mastrobuono - Compass
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.
On the Map
$1,600,000
Land
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93