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Franklin
15 Chestnut Hill Rd
$620,000
● House - Off Market

15 Chestnut Hill Rd

Leverett, MA 01054
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,450 Ft²
$615,426
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

What is better than a cozy home in the country? Two cool  country homes! Take the time to look at this unique offering. Both homes have had extensive recent renovations including well appointed kitchens and lux baths. While the current owner uses this property as a primary residence with guest-house, there are many other applications for the additional structure; studio, inter-generational living, or short / long term rental that should generate significant income for the new owner. The site is accommodating for tenancy, well separated for privacy with designated parking areas for both homes. The yard and setting is extraordinary with extensive stone works including a patio overlooking the babbling brook. This retreat is a true gem.
Unit Size
2,450 Ft²
Days on Market
-
Land Size
4.40 acres
Price per sqft
$240
Property Type
House
Property Taxes
$626
HOA Dues
-
Year Built
1993

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 4 months ago (MLSPIN #73022907)

Price History

Date / Event Date Event Price
Feb 15, 2023 Sold
Premium
Sold
Aug 8, 2022 Listed by H. E. ROSS Realty Agency $589,000
Listed by H. E. ROSS Realty Agency
Jul 12, 2016 Sold
Premium
Sold
Mar 7, 2016 Listed by H. E. ROSS Realty Agency $350,000
Listed by H. E. ROSS Realty Agency
Mar 29, 2007 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 2
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 2,178
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 191,681
  • Total Building Area: 0
  • Gross Building Area: 9,126
  • Building Area: 3,761
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 22
  • Heated Square Feet: 3,761
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004400
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

  • School District Name: Leverett School District
  • Census Tract: 040600

Geography

  • Account Number: 1-0-124
  • Parcel: LEVE M:0001 B:0000 L:0124
  • Lot: 124
  • Municipality: LEVERETT
  • Latitude: 42.5112
  • Longitude: -72.4892

    Address

  • Full Address: 15 Chestnut Hill Rd
  • Address - House Number: 15
  • Address - Street Name: Chestnut Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Leverett
  • Carrier Code: H061
  • 4-Digit Zip Code: 9732
  • Zip Code: 01054

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $919,500

    Appraisal Valuation

  • Standard Deviation: 0.1125
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 88
  • Final Value: 626,915
  • High Value: 697,453
  • Low Value: 556,376

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $584,900
  • Assessed Land Value: $81,100
  • Assessed Improvements Value: $503,800

    Sales

  • Current Sale Contract Date: Feb 15, 2023
  • Current Sale Recording Date: Feb 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1275
  • Previous Sale Recording Date: Jul 12, 2016
  • Previous Sale Amount: $355,000
  • Previous Sale Document Type: O
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

2176 ft²

Average Home Age

100.2 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73022907

Frequently Asked Questions

When was property at 15 Chestnut Hill Road built and last sold?
The property at 15 Chestnut Hill Road was built in 1993 and last sold on Feb 15, 2023 for $620,000.
How much is this home worth?
The estimated value of the home located at 15 Chestnut Hill Road is $591,631.
What are some comparable homes to 15 Chestnut Hill Road?
There are currently no comparable homes to 15 Chestnut Hill Road.
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