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Franklin
100 Main Road
$30,000
● House - Off Market

100 Main Road

Colrain, MA 01340
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,240 Ft²
$351
Est. Monthly

About This Property

Major renovations are needed to bring this existing structure back to life or tear it down and build new.   This Colrain property was once a package store with a large apartment.  The interior consists of a kitchen, two living areas, 2 bedrooms, a front room, a full bath, and plenty of storage.   The septic system failed the Title 5 inspection and upgrading the system is the responsibility of the buyer.    There are two parcels with one located across the road.  The Seller makes no representation of its condition or property lines and it's being sold in "as is" condition.  The property is located less than 10 minutes from Shelburne Falls and Route 2.   Cash buyer only.
Unit Size
1,240 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$31
Property Type
House
Property Taxes
$159
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (MLSPIN #73188322)

Price History

Date / Event Date Event Price
Feb 9, 2024 Sold
Premium
Sold
Jan 15, 2024 In contract -
In contract
Dec 19, 2023 Listed by Coldwell Banker Community REALTORS® $39,000
Listed by Coldwell Banker Community REALTORS®

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,394
  • Total Building Area: 1,240
  • Gross Building Area: 1,630
  • Building Area: 1,240
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,240
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000560
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Mohawk Trail School District
  • Census Tract: 040100

Geography

  • District: 66
  • Parcel: COLR M:1240 B:0012 L:00000
  • Block: 12
  • Municipality: COLRAIN
  • Latitude: 42.6734
  • Longitude: -72.7135

    Address

  • Full Address: 100 Main Rd
  • Address - House Number: 100
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Colrain
  • Carrier Code: R002
  • 4-Digit Zip Code: 9517
  • Zip Code: 01340

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $184,300

    Appraisal Valuation

  • Standard Deviation: 0.1451
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 59
  • Final Value: 129,991
  • High Value: 166,574
  • Low Value: 93,409

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $97,100
  • Assessed Land Value: $30,500
  • Assessed Improvements Value: $66,600

    Sales

  • Current Sale Contract Date: Feb 06, 2024
  • Current Sale Recording Date: Feb 09, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1179
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Franklin

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$233

Below Asking

0.02%

Average Days on Market

60

Average Home Size

2181 ft²

Average Home Age

95.2 years

Currently For Sale

156 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73188322

Frequently Asked Questions

When was property at 100 Main Road built and last sold?
The property at 100 Main Road was built in 1900 and last sold on Feb 6, 2024 for $30,000.
How much is this home worth?
The estimated value of the home located at 100 Main Road is $53,174.
What are some comparable homes to 100 Main Road?
There are currently no comparable homes to 100 Main Road.
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