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 Newton’s 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.
60 days
|
12
|
1
|
Zillow last checked:
Listing updated:
Listed by:
Ward Shifman617-633-7703,
Coldwell Banker Realty - Newton617-969-2447
Source: MLS PIN,MLS#: 73492831
Facts & features
Interior
Bedrooms & bathrooms
Bathrooms: 0
Features
Has basement: No
Property
Features
Waterfront features: Lake/Pond, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Lot
Size: 7,477 Square Feet
Features: Level
Details
Parcel number: 695029
Zoning: MR2/VC2
Utilities & green energy
Electric: On-Site
Gas: On-Site
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Public Transportation, Shopping, Pool, Tennis Court(s), Golf, Medical Facility, Bike Path, Highway Access, T-Station
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.