Central Mass Real Estate


This Land in Ashburnham, MA recently sold for $55,000. This style home was sold by Office Central - Central Mass Real Estate.


119 Wilker Rd, Ashburnham, MA 01430

Ashburnham

Land

$55,000
Price
$55,000
Sale Price

12.46
Acres
Residential
Land Type
Large lot offering plenty of privacy. Close to Fitchburg and its amenities. Property perked in 2007 for 3 bedroom house (perk has expired). Portion of land is in flood plain. See expired septic design attached. Buyer to do due diligence.

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Image by Paul Brennan from Pixabay

Have you always wanted to design your dream home at a location of your choosing? If so, buying a plot of land to build your customized home on is probably your best option. Before getting started, you'll want to do your due diligence to ensure you're making a smart investment.

Find a Property to Build on

The concept of customizing your home is an ideal one, but the reality of finding the perfect plot isn’t so simple. You can check listings, but there are several other ways to find ready-to-build-on land.

  • Ask locals about available land in the community you’re considering.
  • Look at expired and withdrawn land listings.
  • Ask your real estate agent about land purchased by previous clients but never built on.
  • Investigate classified ads to find sellers listing property independently.
  • Check realestatesales.gov to see if the government is selling off repossessed land.
  • If you find land approved but not yet suitable for build, you’ll also want to take clearing and grading the land into consideration.

    Understand Local Zoning Laws

    Some municipalities are stringent about how land can be used. Before you buy, it’s critically important to understand local building restrictions and zoning criteria. Any number of scenarios might prevent you from building your home. Here are just a few.

  • Property is zoned for agricultural or commercial use.
  • Size of the house you plan to build exceeds the maximum size septic tank allowed to be built.
  • Parcel of land is designated an environmentally-protected parcel (i.e. wetland).
  • Someone other than landowner owns mineral or timber rights.
  • Easement or access rights are attached to the land.
  • Be certain to understand every possible building restriction or zoning requirement before you purchase land. It would be disastrous to discover you can’t build your dream home the way you planned.

    Utility Hookups

    Does the land meet local criteria or have the right terrain for these necessities to be installed? Utility hookups are a detail you don't want to overlook—ensure you'll have access to water, sewer, electricity, natural gas and Internet. If no public water or sewer lines exist, you’ll need to learn about wells and septic tanks.

    Understanding the Financials of Buying Land

    Obtaining funding to buy land is a little different than taking out a mortgage to buy an already existing home. You’ll typically have a few options including paying in cash or getting a loan. Types of loans include land or lot loans, construction loans and seller-backed loans.

    These loans are usually short-term and involve high-interest rates because lenders generally perceive land purchases a riskier gamble than home purchases. As with any major purchase, carefully evaluate your financial situation and consider future expenses and other contingencies before committing to a loan to purchase land.

    Building your home on a plot of land takes additional planning because there are numerous details to explore before you can even begin to get started. While building a home is a more complicated process than buying an existing one, customizing a new home is a far more fulfilling investment for many people.



    Lot 0 Kittredge, Leominster, MA 01453

    Land

    $189,900
    Price

    0.56
    Acres
    Residential
    Land Type
    Rare opportunity to buy an approved lot in Leominster for a single-family, duplex, or two condos. City water, water, sewer, and gas are all available on the dead-end street. Seller can provide plans for duplex. Cleared and ready to go!
    Open House
    No scheduled Open Houses




    This Land in Princeton, MA recently sold for $300,000. This style home was sold by Office Central - Central Mass Real Estate.


    Lot 0 Redemption Rock Trail, Princeton, MA 01541

    Land

    $352,350
    Price
    $300,000
    Sale Price

    24.30
    Acres
    Residential
    Land Type
    A great opportunity for land in Princeton! This land is divided into 4 parcels but being sold as a package. Conveniently located with access to the highway and close to Wachusett Mountain and abbutting Leominster State Forest. The section along Redemption Rock Trail is zoned Business Industrial and the land towards the back of the property is zoned Residential-Agricultural. This is raw land and will need engineering and septic designs. The seller believes there is potential for 2-3 house lots. Buyer should do their due diligence to confirm usage.





    214 School Street, Boylston, MA 01505

    Land

    $269,900
    Price

    2.08
    Acres
    Residential
    Land Type
    The groundwork has been done for you! This is a rare opportunity to purchase land in Boylston across from the beautiful Cyprian Keyes Golf Club. This lot has been cleared and a 3 bedroom septic is already installed. There is also a stone retaining wall built for you. It is ready for the new owner to take over and build their dream home! Public water is located nearby.
    Open House
    No scheduled Open Houses






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