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201 Dedham Street

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

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

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:

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

Broker

$2.6M

vol

2 deals

Broker

Dover 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93