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Stephen Connolly Sells 1.23-Acre Land In Wellesley, MA For $2.6M

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SOLD
$2,600,000

Massachusetts

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Land
Sold 05/29/2024
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SOLD

Stephen Connolly Sells 1.23-Acre Land In Wellesley, MA For $2.6M

222 Grove Street

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Land
Sold 05/29/2024
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Summary

MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale

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

Stephen Connolly
1 deal$2.6M volume(857) 939-0981
BROKER

Details

SOLD
IMAGE: Stephen Connolly DATE: 05/29/2024 ADDRESS: 222 Grove Street MARKET: Wellesley, MA ASSET TYPE: Land ~ ACRES: 1.23 BROKER: Stephen Connolly (@SteveConnolly2) - Douglas Elliman (@DouglasElliman) SALE PRICE: $2,600,000 NOTE: 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.

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

$138,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92