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Franklin
13 Lovers Lane
$213,000
● House - Off Market

13 Lovers Lane

New Salem, MA 01355
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,664 Ft²
$517,132
RealtyHop Estimate
129.84%
Since Dec 1, 2011
National-US
Primary Model

About This Property

If you like a nice quiet country setting, this place is for you. Imagine sitting on your covered porch listening to the sounds of nature. Walk to the town common and take in the summer music and theater series. This well kept home has 7 rooms, 3 bedrooms, and 2 full baths. It also has hardwood floors and a fireplace. Title V in hand.
Unit Size
1,664 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$135
Property Type
House
Property Taxes
$256
HOA Dues
-
Year Built
1996

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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 #71258076)

Price History

Date / Event Date Event Price
Nov 25, 2011 Sold
Premium
Sold
Jul 7, 2011 Listed by Jones Group REALTORS® $225,000
Listed by Jones Group REALTORS®
Sep 13, 1996 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,664
  • Gross Building Area: 2,820
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ralph C. Mahar School District
  • Census Tract: 040600

Geography

  • Parcel: NEWS M:00408 L:00095
  • Lot: 95
  • Municipality: NEW SALEM
  • Latitude: 42.4946
  • Longitude: -72.3285

    Address

  • Full Address: 13 Lovers Ln
  • Address - House Number: 13
  • Address - Street Name: Lovers
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: New Salem
  • Carrier Code: H088
  • 4-Digit Zip Code: 9718
  • Zip Code: 01355

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $470,000

    Appraisal Valuation

  • Standard Deviation: 0.2553
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 63
  • Final Value: 423,551
  • High Value: 531,701
  • Low Value: 315,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $327,100
  • Assessed Land Value: $49,600
  • Assessed Improvements Value: $277,500

    Sales

  • Current Sale Recording Date: Nov 25, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000001
  • Previous Sale Recording Date: Sep 13, 1996
  • Previous Sale Amount: $141,000
  • Previous Sale Document Type: 27
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

59

Average Home Size

2256 ft²

Average Home Age

98 years

Currently For Sale

145 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71258076

Frequently Asked Questions

When was property at 13 Lovers Lane built and last sold?
The property at 13 Lovers Lane was built in 1996 and last sold on Jan 1, 1970 for $213,000.
How much is this home worth?
The estimated value of the home located at 13 Lovers Lane is $234,958.
What are some comparable homes to 13 Lovers Lane?
There are currently no comparable homes to 13 Lovers Lane.
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