LOT SIZE 0.172 acres
MLS#73492831
STATUSActive
PROPERTY TYPELand - Residential
Property Description
Rare By-Right development opportunity in the heart of Newton Highlands Village, just steps to shops, restaurants, and the MBTA Green Line. The property sits on over 7,400 sq ft of land within Newtons newly adopted VC2 Village Center zoning district, which encourages higher-density village housing with reduced setbacks, increased lot coverage, and building heights of up to approximately 3.5 stories.This property is being offered primarily as a development opportunity, with zoning that allows multifamily housing by right without the need for a special permit, making it a rare and highly attractive project for builders and developers. While the existing three-family home offers charm, including a spacious first-floor unit with four bedrooms and two baths plus two additional units above, the highest and best use may be redevelopment. The rendering shows four townhomes, however a small elevator building is also a possible and allowed scenario.
Property Features
Property Type: Land - Residential
Lot Size: 0.17 Acres
Taxes: $10,867
Feature Descriptions
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Golf, Medical Facility, Bike Path, Highway Access, T-Station
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 26
Electric: On-Site
Electric On Property: Yes
Lot Features: Level
Parcel Number: 695029
Rental Term: Monthly
Sewer: Public Sewer
Water: Public
Waterfront Features: Lake/Pond,1/10 to 3/10 To Beach, Beach Ownership(Public)
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty - Newton
Agency Phone: 617-969-2447
Agent Name: Ward Shifman
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 7,639.18 per month $5,953.39 Principal & Interest $905.58 Property Tax $780.21 Homeowner's Insurance
1623 Centre Street | MLS# 73492831
This land located at 1623 Centre Street, Newton, MA 02461 is currently listed for sale with an asking price of $2,675,000. The property has approximately 0.17 Acres. Search Newton real estate on www.masiellogrouprealestate.com today.