Brenda Van Der Merwe Of Hammond Residential Real Estate Acquires Land In Newton For $1.65M
2 Chapin Road
$1,650,000
Building Size
—
Asset Type
Land
Closing
Jul 15, 2024
AI
A 0.35-acre lot at Lot 2 Chapin Rd in Newton, MA, sold for $1,650,000. This parcel is one of two approved subdivided lots, providing a park-like setting adjacent to Newton Centre Playground and offering easy access to top local amenities.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,650,000
- Address: Chapin Road LOT 2
- Market: Newton, MA
- Buyer's Representative: Brenda van der Merwe - Hammond Residential Real Estate
- Seller's Representative: Jayne Friedberg - Coldwell Banker
This transaction involved Brenda van der Merwe representing the buyer and Jayne Friedberg representing the seller. The deal reflects the collaboration between Hammond Residential Real Estate and Coldwell Banker, highlighting their respective roles in facilitating the sale.
Players
Newton Center Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93