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Sale · Land

Updated Dec 4, 2024

Tori Turco Thurber Of Evolution Real Estate Sells 8 Lot Subdivision In Seekonk For $1.38M
SOLDLand

Tori Turco Thurber Of Evolution Real Estate Sells 8 Lot Subdivision In Seekonk For $1.38M

$1,380,000

Building Size

Asset Type

Land

Closing

Jul 2, 2024

About this deal

AI

The land asset located at 8 Matts Way Lot 2-6 in Seekonk, MA, has been sold for $1,380,000. This exclusive 8-lot subdivision, known as Brigham Estates, features lots that back up to conservation land, providing scenic views and tranquil surroundings. The development offers underground utilities and flexibility in design options, accommodating both single-level homes and multi-level colonials, with convenient access to shopping, dining, and commuter routes.

Summary of transaction details:

Tori Turco Thurber represented the seller in this transaction, showcasing the unique opportunity presented by the subdivision. The deal reflects the interest in developing residential options in a desirable location, catering to potential buyers seeking suitable land for single-family homes.

Players

Tori Turco Thurber

Evolution Real Estate

Broker

$1.4M

vol

1 deal

Broker

Market 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

11.49%

Cash-on-Cash

-3.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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