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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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283 Melrose St , Newton, MA 02466
$8,250,000
Est. Payment: $18,333.33/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 146
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AN6227 - BB983294
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House Description

Set in the heart of Auburndale Village, this site offers approximately 43,783 ± sq ft of VC2-zoned land steps to village shops and a short distance to the Commuter Rail. The newly created VC2 district is designed to encourage housing and mixed-use density in Newton’s village centers - making this one of the rare, well-located sites positioned to capitalize on that vision. The property presents multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 4 stories with tight setbacks. This is a unique opportunity, don't miss out! **Rare By-Right Opportunity** This is a Broker marketed sale by Trustee and authorized by bankruptcy court. Sale by order and Trustee deed but otherwise as is, where is. Will sell with clear title, marketable insurance and free of liens and encumbrances.

Highlights

Listed by Ward Shifman , 617-633-7703 Coldwell Banker Realty - Newton , 617-969-2447.

Property Type

Commercial Sale

Lot/Acreage
1.01

Year Built

2020

County

Middlesex

Area

Auburndale

Listing ID

73506948

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Zoning:Other (See Remarks)
Principal Interest
$18,333
Taxes
$5,259

Home Price

$8,250,000

Loan Details

30 yrs
%

Down Payment

20%
$1,650,000
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Monthly Price:
$18,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $18,333.33 $5,259.38 $0.00 $23,592.71
Yearly $220,000.00 $63,112.50 $0.00 $283,112.50
Total $6,600,000.00 $1,893,375.00 $0.00 $8,493,375.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Newton, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.