NOT LISTED FOR SALE

70 Codman Hill Rd Boxborough, MA 01719

Estimated Value: $6,051,434

2.12 Acres
$2,854,450 Price per Acre
92,347 Sq Ft Lot

Last Sold February 12, 2016

Last sale price $250,000

Est. 2,321% increase in value since last sale

Current estimated payment $37,865/month

608 Days on Market

Highlights

  • 2.12 Acre Lot
  • Wooded Lot
  • Elevated Lot
  • Acton-Boxborough Regional High School Rated A+
  • No HOA

About This Lot

As of February 2016

Zoned Industrial-Commercial. Allowed uses include office, warehouse, manufacturing, self storage, day care center. Utilities: Electric, Gas. Buyer is responsible for own on-site well (water) and septic system. Preliminary engineering done showing the following potential building sizes and number of stories: 3 story building: 18,000 sf (6,000 sf per floor). 2 story building: 12,000 sf (6,000 sf per floor). 1 story building: 6,000 sf

Last Agent to Sell the Property

Scott Hughes

New Dover Associates, Inc. Listed on: 06/03/2014

Last Buyer's Agent

Scott Hughes

New Dover Associates, Inc. Listed on: 06/03/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,767

Lot Details

  • 2.12 Acre Lot
  • Elevated Lot
  • Wooded Lot
  • Property is zoned IC

Utilities

  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 385373

Community Details

Overview

  • No Home Owners Association

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$1,767

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Commercial
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • MAIN LO: BB7106
  • MAIN SO: BB7106

Exterior Features

  • Waterfront YN: No

Utilities

  • Sewer: Private Sewer
  • Gas: On-Site
  • Electric: At Street
  • Water Source: Private

Condo/Co-op/Association

  • Association YN: No
  • Senior Community YN: No

Lot Info

  • Parcel Number: 385373
  • Zoning: IC
  • Farm Land Area Units: Square Feet
  • Lot Features: Elevated, Wooded
  • Lot Size Acres: 2.12
  • Lot Size Sq Ft: 92347.2
  • Lot Size Units: Acres
  • LOT SIZE: 92347

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 1767

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2021
Sold by
70 Codman Hill Llc
Bought by
Concord 70 Codman Llc and This Isnt Camp Llc
Current Estimated Value
$6,051,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,400,000
Outstanding Balance
$4,048,469
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,162,311

Purchase Details

Closed on
Jun 30, 2020
Sold by
Billchelm Realty 70 Llc and Unibank For Savings
Bought by
70 Codman Hill Llc

Purchase Details

Listed on
Jun 3, 2014
Closed on
Feb 12, 2016
Sold by
Billchelm Realty 70 Ll
Bought by
49 Group Llc
Seller's Agent
Scott Hughes
New Dover Associates, Inc.
Buyer's Agent
Scott Hughes
New Dover Associates, Inc.
List Price
$360,000
Sold Price
$250,000
Premium/Discount to List
-$110,000
-30.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.15%

Purchase Details

Closed on
Sep 25, 2008
Sold by
70 Codman Hill Road Ll
Bought by
Billchelm Realty 70 Ll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,800,000
Interest Rate
6.57%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Concord 70 Codman Llc $5,135,558 None Available
Concord 70 Codman Llc $5,135,558 None Available
Concord 70 Codman Llc $5,135,558 None Available
70 Codman Hill Llc $4,731,959 None Available
70 Codman Hill Llc $4,731,959 None Available
70 Codman Hill Llc $4,731,959 None Available
49 Group Llc $250,000 --
49 Group Llc $250,000 --
49 Group Llc $250,000 --
Billchelm Realty 70 Ll $5,078,500 --
Billchelm Realty 70 Ll $5,078,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Concord 70 Codman Llc $4,400,000
Closed Concord 70 Codman Llc $4,400,000
Previous Owner Billchelm Realty 70 Ll $12,050,000
Previous Owner Billchelm Realty 70 Ll $7,800,000
Previous Owner Billchelm Realty 70 Ll $3,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2016 02/12/16 Sold $250,000 -30.6% --
01/13/2016 01/13/16 Pending -- -- --
06/03/2014 06/03/14 For Sale $360,000 -- --
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $78,425 $5,180,000 $660,200 $4,519,800
2024 $74,796 $4,989,700 $640,200 $4,349,500
2023 $75,789 $4,883,300 $570,200 $4,313,100
2022 $69,680 $4,000,000 $570,200 $3,429,800
2020 $88,721 $5,306,300 $570,200 $4,736,100
2019 $87,129 $5,306,300 $570,200 $4,736,100
2018 $84,788 $5,157,400 $550,200 $4,607,200
2017 $89,337 $5,314,500 $550,200 $4,764,300
2016 $91,881 $5,616,200 $818,900 $4,797,300
2015 $90,989 $5,464,800 $752,500 $4,712,300
2014 $96,879 $5,476,500 $752,500 $4,724,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71692123

MLS Property Information Network (MLS PIN)

APN: BOXB-000012-000003