Listed by: Nathaniel Morneault, True East Realty, Selling Office: KW Coastal and Lakes & Mountains Realty, Listing Courtesy of Prime MLS
$1,500,000
●
Land -
Off Market
42 Long Hill Road
Dover, NH 03820
Studio
0 Bath
$1,517,387
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
Potential 34 Lot Subdivision. NOT IN CURRENT USE! With inventory at
an all time low look no further for a great opportunity to build a
new subdivision in one of the hottest markets in the Seacoast. This
lot boasts incredibly level land and is virtually clear of any
trees or ledge making it a builders dream. In addition to all of
these great features the lot also currently has a well maintained
home on it that could either be sold off or removed to create space
for more lots. This space could also be used for duplexes thanks to
a recent zoning change which could help increase profit margins.
Don't miss out on this chance to take advantage of one of the
strongest real estate markets of our time.
Unit Size
-
Days on Market
-
Land Size
11.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$820
HOA Dues
-
Year Built
1840
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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: 3 years ago (Prime MLS #4854527)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 3, 2022 | Sold | ||
| Sold | |||
| Apr 7, 2021 | Listed by True East Realty | $1,499,999 | |
| Listed by True East Realty | |||
| Jan 3, 2019 | No longer available | - | |
| No longer available | |||
| Jan 29, 2018 | Listed | $2,200,000 | |
| Listed | |||
| | |||
|
Absolutely PRIME development opportunity in Dover. This 11 acre lot is largely flat and open. R-12 zoning allows for great density. Perfect open air subdivision or planned, or mixed use development subject to city approvals. Great spot for assisted living community, school, church or any project requiring a large lot. City water and sewer are nearby for easy connection. Existing house and outbuildings can be used for staging during construction then torn down as your project nears completion. No sign. Please do not enter the property without prior appointment.
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Sold On
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HOA + Taxes
About Dover
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Listed by: Nathaniel Morneault, True East Realty
Last Updated Date: 2022-06-03
Last Checked: less than 1 hour ago
Data Source: Prime MLS, MLS# 4854527
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated Date: 2022-06-03
Last Checked: less than 1 hour ago
Data Source: Prime MLS, MLS# 4854527
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