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Sotheby's International Realty Represents Buyer & Dover Country Properties Represents Seller In $2.5M Land Sale
SOLD
$2,500,000
+ 1
Massachusetts
See Similar DealsLand
Sold 05/24/2024
SOLD
Sotheby's International Realty Represents Buyer & Dover Country Properties Represents Seller In $2.5M Land Sale
Powisset Street
See Similar DealsLand
Sold 05/24/2024
+ 1
Summary
MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale
Lot 4 Powissett St in Dover, MA 02030 sold for $2,500,000, offering an opportunity to build a dream home on its picturesque 4.5+ acre parcel.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $2,500,000
- Location: Powisset Street - Lot 4, Dover, MA
- Market: Dover, MA
- Asset Type: Land
- Acres: 4.54
- Buyer's Representative: Jane Migdol & Nancy Moore - Sotheby's International Realty
- Seller's Representative: Jen Atwood & Nicole Scannell - Dover Country Properties
The transaction was facilitated by Jane Migdol & Nancy Moore from Sotheby's International Realty who represented the buyers, while Jen Atwood & Nicole Scannell from Dover Country Properties served as the seller's representatives in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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