Updated Dec 4, 2024
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:
- Property Type: Land
- Transaction Amount: $1,380,000
- Address: 8 Matts Way Lot 2-6
- Market: Seekonk, MA
- Broker: Tori Turco Thurber - Evolution Real Estate
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.
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Massachusetts land sales on Traded.
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