aisellshomes.space

$8,999,000

Active

283 Melrose Street

Newton, MA, 02466

Land · MLS #73506947

Days on market

New today

Lot size

1.01 ac

1.01 acres

Lot

About this home

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.

Property details

Road type
Public
Electric
110 Volts, 220 Volts

Listed by Ward Shifman · Coldwell Banker Realty - Newton

Schedule a showing

283 Melrose Street

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$58,252 / month

Down payment20% · $1,799,800
Interest rate6.50%

Loan term

Principal & interest
$45,504
Property tax
$8,999
Home insurance
$3,750

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).