Updated Dec 4, 2024
Stephen Connolly Sells 1.23-Acre Land In Wellesley, MA For $2.6M
222 Grove Street
$2,600,000
Building Size
—
Asset Type
Land
Closing
May 29, 2024
About this deal
AI
A 1.23-acre parcel of land at 222 Grove in Wellesley, MA was sold for $2.6 million. Situated in Wellesley's Dana Hall neighborhood, the property offers privacy and proximity to top-rated schools and amenities, presenting an opportunity for building a dream home.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,600,000
- Address: 222 Grove Street
- Market: Wellesley, MA
- Broker: Stephen Connolly - Douglas Elliman
- Asset Type: Land
- Acres: 1.23
The transaction at 222 Grove Street in Wellesley, MA was facilitated by Stephen Connolly from Douglas Elliman. The property's location in the Dana Hall neighborhood offers a serene setting with convenient access to the area's renowned schools and amenities.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93