$1,049,294
●
Land -
Off Market
3 Cambridge St
Winchester, MA 01890
Studio
0 Bath
$8,343
Est. Monthly
About This Property
WATERFRONT BUILDABLE LOT! Expansive 37,522 Sqft lot (0.86 acres) on
the peaceful upper Mystic Lake, home of the Winchester Boat Club
and Medford Boat Club. Build your dream home with serene lake views
and the distant Boston Skyline. This sprawling lot is located
across the street from the Winchester Country Club, minutes from
Shannon Beach and Mystic Lakes State Park. Located in both
Winchester and Arlington, enjoy all that both towns have to offer
from highly rated school systems to bustling town centers with
boutique shops, restaurants, cafes and salons. Arlington bodes
endless entertainment options such as the historical Capital
Theater, and a multitude of recreation activities including the
Minuteman Bikeway, used both for leisure and commute. This property
is located 1 mile from Ambrose Elementary School, John A. Bishop
Elementary School, Stratton Elementary School, and just over a mile
from the Wedgemare MBTA Station and Wright-Locke Farm Conservatory.
Unit Size
-
Days on Market
-
Land Size
0.86 acres
Price per sqft
-
Property Type
Land
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-
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (MLSPIN #73202798)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Mar 5, 2024 | Listed by The Synergy Group | $1,699,000 | |
| Listed by The Synergy Group | |||
| | |||
|
WATERFRONT BUILDABLE LOT! Expansive 37,522 Sqft lot (0.86 acres) on the peaceful upper Mystic Lake, home of the Winchester Boat Club and Medford Boat Club. Build your dream home with serene lake views and the distant Boston Skyline. This sprawling lot is located across the street from the Winchester Country Club, minutes from Shannon Beach and Mystic Lakes State Park. Located in both Winchester and Arlington, enjoy all that both towns have to offer from highly rated school systems to bustling town centers with boutique shops, restaurants, cafes and salons. Arlington bodes endless entertainment options such as the historical Capital Theater, and a multitude of recreation activities including the Minuteman Bikeway, used both for leisure and commute. This property is located 1 mile from Ambrose Elementary School, John A. Bishop Elementary School, Stratton Elementary School, and just over a mile from the Wedgemare MBTA Station and Wright-Locke Farm Conservatory.
| |||
| Feb 15, 2024 | Listed by The Synergy Group | $1,699,000 | |
| Listed by The Synergy Group | |||
| | |||
|
WATERFRONT BUILDABLE LOT! Expansive 37,522 Sqft lot (0.86 acres) on the peaceful upper Mystic Lake, home of the Winchester Boat Club and Medford Boat Club. Build your dream home with serene lake views and the distant Boston Skyline. This sprawling lot is located across the street from the Winchester Country Club, minutes from Shannon Beach and Mystic Lakes State Park. Located in both Winchester and Arlington, enjoy all that both towns have to offer from highly rated school systems to bustling town centers with boutique shops, restaurants, cafes and salons. Arlington bodes endless entertainment options such as the historical Capital Theater, and a multitude of recreation activities including the Minuteman Bikeway, used both for leisure and commute. This property is located 1 mile from Ambrose Elementary School, John A. Bishop Elementary School, Stratton Elementary School, and just over a mile from the Wedgemare MBTA Station and Wright-Locke Farm Conservatory.
| |||
| Jan 1, 2024 | No longer available | - | |
| No longer available | |||
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