Real Estate Auction: Cape Cod Development Opportunity -- Residential 40B Subdivision

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Cape Cod Real Estate Auction: Development Opportunity - Residential 40B Subdivision k/a "Mill Pond Estates"

JJManning Auctioneers is proud to offer a 2.8+/- acre Cape Cod development opportunity located at 459 & 449 Old Mill Rd., Osterville (Town of Barnstable), MA. This is a residential 40B subdivision called “Mill Pond Estates” that's under development with the partial infrastructure in place.

The property is in a great location within a mile of Osterville Center and 2 miles of Dowse’s Beach with easy access to Routes 149 & 28. The present owner has approval for an 11 home 40B subdivision of which 3 must be affordable. The area is cleared and the Darby Way cul-de-sac road is in place. There are water and electrical stubs and a sewer/septic connection to each lot. The common septic system has not been installed. There is a gas main to the end of the cul-de-sac and irrigation well inside the circle. The entire frontage and entrance on Old Mill road has sprinklers. There are 3 electric meters in for the well, entrance lights, and 1 lot.

For details and specifications on structures to be built see “Comprehensive Permit Application Mill Pond Estates, 459 Old Mill Road, Osterville, Massachusetts November 2004, Revised March 2005.”

The terms of sale include a10% certified deposit of which $20,000 is due in cash, certified or bank check at auction and the remainder by 5pm ET on Friday 9/24/10. The balance is due in 45 days. There is a 10% Buyer's Premium. Other terms, if any, will be announced at the sale. A 2% Buyer’s Broker Commission is being offered.

For more information, visit

Auction: Tuesday, September 21, 2010 at 11am on-site


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