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Jenepher Spencer Facilitate...

Jenepher Spencer Facilitates $1.1M Sale Of 110 Acres Land In Dunstable, MA
SOLDLand

Jenepher Spencer Facilitates $1.1M Sale Of 110 Acres Land In Dunstable, MA

$1,100,000

Building Size

Asset Type

Land

Closing

Mar 29, 2024

AI

A 110-acre land in Dunstable, MA, was sold for $1.1 million. The property consists of a fully approved 11-lot subdivision plan, offering a prime opportunity to build homes. Situated on River Street, the land features lovely flat lots with fantastic soils, perfect for construction.

Summary of transaction details:

Jenepher Spencer from Coldwell Banker facilitated the transaction of the land. The property's proximity to amenities like the rail trail and easy commuter access to Route 113 adds to its appeal. The subdivision is located in a sought-after school district, making it an attractive investment opportunity in a well-established neighborhood.

Players

Jenepher Spencer

Coldwell Banker

Broker

$2.4M

vol

2 deals

Broker

Market 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93