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
Newton Center 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93