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3 Chapin Road

Brenda Van Der Merwe Of Hammond Residential Real Estate Represents Buyer In $1.65M Land Sale In Newton MA
SOLDLand

Brenda Van Der Merwe Of Hammond Residential Real Estate Represents Buyer In $1.65M Land Sale In Newton MA

3 Chapin Road

$1,650,000

Building Size

Asset Type

Land

Closing

Jul 15, 2024

AI

A 0.34-acre lot located at Lot 3 Chapin Rd in Newton, MA, has been sold for $1,650,000. This land offers a unique chance for park-like living adjacent to Newton Centre Playground, making it a desirable location. The parcel is one of two approved subdivided lots providing convenient access to top local amenities.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,650,000
  • Address: Chapin Road Lot 3
  • 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, while the seller was represented by Jayne Friedberg. Both agents are affiliated with well-known real estate companies, ensuring professional handling of the sale.

Players

Jayne Friedberg

Coldwell Banker

Broker

$17M

vol

5 deals

Broker

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