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Franklin
18--8-8 Masterson Rd.
$189,000
● Land - Off Market

18--8-8 Masterson Rd.

Whately, MA 01093
bedrooms
Studio
bathrooms
0 Bath
$187,941
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Rare 3+ acre elevated building lot with very pleasant views (180 degrees) of the surrounding valley. There are a few choices for siting a home that take advantage of the views and still have surrounding areas for garden, leisure or privacy. The parcel has a distinct "country flavor" on a real country road. Northampton or Greenfield are short rides (a quiet, scenic ride ) and Rte 91 N&S, is a short jaunt as well. Also, there is additional frontage, at the lower end of the parcel on Haydenville Rd. This lot offers not only the views .. but privacy, peaceful setting and room for many sub-interests and enjoyment as well. Make sure you get up here to see this gem !
Unit Size
-
Days on Market
-
Land Size
3.21 acres
Price per sqft
-
Property Type
Land
Property Taxes
$120
HOA Dues
-
Year Built
1973

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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: 4 months ago (MLSPIN #73119404)

Price History

Date / Event Date Event Price
Aug 25, 2023 Sold
Premium
Sold
Jun 17, 2023 In contract -
In contract
Jun 1, 2023 Listed by Denny Nolan Real Estate $189,000
Listed by Denny Nolan Real Estate
Feb 28, 1992 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 7
  • Basement Area: 1,338
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 130,680
  • Total Building Area: 2,936
  • Gross Building Area: 4,038
  • Building Area: 2,936
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,936
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Whately School District
  • Census Tract: 040800

Zoning

  • Zoning: R6

Geography

  • District: 337
  • Parcel: WHAT M:0011 B:0000 L:6
  • Lot: 6
  • Municipality: WHATELY
  • Latitude: 42.4335
  • Longitude: -72.6513

    Address

  • Full Address: 18 Masterson Rd
  • Address - House Number: 18
  • Address - Street Name: Masterson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Whately
  • Carrier Code: R777
  • 4-Digit Zip Code: 7704
  • Zip Code: 01093

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $621,000

    Appraisal Valuation

  • Standard Deviation: 0.1458
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 59
  • Final Value: 394,415
  • High Value: 505,412
  • Low Value: 283,418

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $453,600
  • Assessed Land Value: $106,000
  • Assessed Improvements Value: $347,600

    Sales

  • Current Sale Contract Date: Aug 24, 2023
  • Current Sale Recording Date: Aug 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 7287
  • Previous Sale Recording Date: Feb 28, 1992
  • Previous Sale Amount: $70,000
  • 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

2172 ft²

Average Home Age

99.4 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73119404

Frequently Asked Questions

When was property at 18 Masterson Road built and last sold?
The property at 18 Masterson Road was built in 1973 and last sold on Aug 24, 2023 for $189,000.
How much is this home worth?
The estimated value of the home located at 18 Masterson Road is $190,890.
What are some comparable homes to 18 Masterson Road?
There are currently no comparable homes to 18 Masterson Road.
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