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Franklin
150 Neilson Rd
$235,000
● House - Off Market

150 Neilson Rd

New Salem, MA 01355
bedrooms
2 Beds
bathrooms
1 Bath
square feet
768 Ft²
$264,546
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Come and see this great 2-bedroom Ranch with large barn style 2 car garage and plenty of outdoor space. The eat in kitchen has a functional layout with plenty space for a table. The wood stove in the living room brings a cozy warm feel to the space, a great spot to relax at the end of the day. This home makes up for what it lacks in square footage in outdoor space and storage. Excellent opportunity to downsize in the country or get out of your rental.
Unit Size
768 Ft²
Days on Market
-
Land Size
2.34 acres
Price per sqft
$325
Property Type
House
Property Taxes
$273
HOA Dues
-
Year Built
1956

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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: 5 months ago (MLSPIN #73049364)

Price History

Date / Event Date Event Price
Jan 26, 2023 Sold
Premium
Sold
Dec 2, 2022 In contract -
In contract
Nov 19, 2022 Relisted $249,900
Relisted
Nov 7, 2022 In contract -
In contract
Oct 18, 2022 Listed by Coldwell Banker Community REALTORS® $249,900
Listed by Coldwell Banker Community REALTORS®

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 101,930
  • Total Building Area: 768
  • Gross Building Area: 2,376
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 768
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002340
  • 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:00401 L:00050
  • Lot: 50
  • Municipality: NEW SALEM
  • Latitude: 42.5432
  • Longitude: -72.3406

    Address

  • Full Address: 150 Neilson Rd
  • Address - House Number: 150
  • Address - Street Name: Neilson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: New Salem
  • Carrier Code: R001
  • 4-Digit Zip Code: 9520
  • Zip Code: 01355

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $285,000

    Appraisal Valuation

  • Standard Deviation: 0.1466
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 240,724
  • High Value: 276,034
  • Low Value: 205,413

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $198,300
  • Assessed Land Value: $51,400
  • Assessed Improvements Value: $146,900

    Sales

  • Current Sale Contract Date: Jan 26, 2023
  • Current Sale Recording Date: Jan 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 745
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

61

Average Home Size

2158 ft²

Average Home Age

92.5 years

Currently For Sale

159 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: 5 months ago
Data Source: MLS PIN, MLS# 73049364

Frequently Asked Questions

When was property at 150 Neilson Road built and last sold?
The property at 150 Neilson Road was built in 1956 and last sold on Jan 26, 2023 for $235,000.
How much is this home worth?
The estimated value of the home located at 150 Neilson Road is $249,067.
What are some comparable homes to 150 Neilson Road?
There are currently no comparable homes to 150 Neilson Road.
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