Kevin Walsh & Karen Neilsen Broker Close $1M Land Sale In Bolton, MA
$1,000,000
Building Size
—
Asset Type
Land
Closing
Apr 22, 2024
AI
A 29.5-acre parcel located on South Bolton Road in Bolton, MA, was recently sold for $1 million. This expansive piece of land presents a prime opportunity for builders, developers, and investors, as it is set to be developed into a six-lot subdivision, pending final approvals.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,000,000
- Buyer's Rep: Kevin Walsh - EXP Realty
- Seller's Rep: Karen Neilsen - LAER Realty Partners
- Address: South Bolton Road, Lot 1-6, Bolton, MA
- Market: Bolton, MA
- ACRES: 29.5
The deal was facilitated by Kevin Walsh from EXP Realty, who represented the buyer, and Karen Neilsen from LAER Realty Partners, who served as the seller's representative, ensuring a successful transaction between both parties.
Players
Market 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93