$3,200,000
●
Land -
Off Market
83 Leicester Street
Brookline, MA 02445
Studio
0 Bath
$7,377,859
RealtyHop Estimate
84.49%
Since Apr 1, 2014
MA-Boston
Primary Model
About This Property
Two lots totaling 51,247 s.f. of land on spectacular Fisher Hill
tree lined street. PERMIT IN HAND for new 6,659 s.f. house
with attached 3 car garage on the vacant 27,511 s.f. lot. The
24,542 s.f. lot has an older home with caretaker apartment, that
can be expanded to about 6100 s.f. Re-use of the house may
allow even additional living square footage as sometimes allowed
for pre-existing homes in Brookline. Demolition delay is no
longer in effect, and thus a new owner has many options for a
re-use of the older house. The entire two lots could be
re-combined in many ways to create an estate with enormous
allowance for square footage, a guest home, or pool house.
There are endless opportunities here. Walkable to
public transportation, newly renovated Runkle School, shopping and
other amenities, having the feeling of a country manor estate.
Broker is Owner.
Unit Size
-
Days on Market
-
Land Size
1.18 acres
Price per sqft
-
Property Type
Land
Property Taxes
$3,563
HOA Dues
-
Year Built
2017
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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: 4 months ago (MLSPIN #71599225)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2018 | Sold | ||
| Sold | |||
| Mar 21, 2014 | Sold | ||
| Sold | |||
| Oct 21, 2013 | Listed by JPedersen | $3,999,000 | |
| Listed by JPedersen | |||
| | |||
|
Two lots totaling 51,247 s.f. of land on spectacular Fisher Hill tree lined street. PERMIT IN HAND for new 6,659 s.f. house with attached 3 car garage on the vacant 27,511 s.f. lot. The 24,542 s.f. lot has an older home with caretaker apartment, that can be expanded to about 6100 s.f. Re-use of the house may allow even additional living square footage as sometimes allowed for pre-existing homes in Brookline. Demolition delay is no longer in effect, and thus a new owner has many options for a re-use of the older house. The entire two lots could be re-combined in many ways to create an estate with enormous allowance for square footage, a guest home, or pool house. There are endless opportunities here. Walkable to public transportation, newly renovated Runkle School, shopping and other amenities, having the feeling of a country manor estate. Broker is Owner.
| |||
| Sep 14, 2012 | Sold | ||
| Sold | |||
| Nov 16, 2011 | Listed by Coldwell Banker Realty - Brookline | $2,250,000 | |
| Listed by Coldwell Banker Realty - Brookline | |||
| | |||
|
Historic Fisher Hill Estate. Unique opportunity to renovate this significant home located on a premier street atop prestigious Fisher Hill. This distinctive property includes approximately 1 1/4 acres and has over 7000 sq ft of living space. 6 bedrooms, 3.5 baths, 7 fireplaces plus a 1 bed/1bath au pair suite. The expansive rolling lawn offers seasonal views of the Brookline Reservoir. **3 APPROVED zoning options available **
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