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Franklin 01364
185 Memory Ln
$305,000
● House - Off Market

185 Memory Ln

Orange, MA 01364
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$1,801
Est. Monthly

About This Property

WELCOME TO YOUR NEW HOME IN ONE OF THE MOST SOUGHT-AFTER NEIGHBORHOODS.  THIS CHARMING 3-BEDROOM, 1-BATH MOVE IN READY RANCH STYLE HOME IS A TRUE GEM. BOASTING A SPACIOUS AND COMPLETELY FENCED IN BACK YARD, INCLUDING A HUGE DECK WITH A CUSTOM-BUILT WOOD FIRED PIZZA OVEN - THIS PROPERTY IS AN ENTERTAINER'S DREAM! IN ADDITION TO THE MAIN LIVING SPACE, THIS HOME BOASTS A SPACIOUS BONUS ROOM IN THE BASEMENT. THIS VERSATILE SPACE CAN BE USED FOR A VARIETY OF PURPOSES, FROM A HOME OFFICE TO A PLAYROOM OR AN EXTRA LIVING SPACE. NATURE LOVERS WILL ADORE THIS LOCATION, JUST STEPS FROM YOUR FRONT DOOR YOU'LL FIND HIKING TRAILS, TULLY LAKE AND TULLY MOUNTAIN, OFFERING ENDLESS OPPORTUNITIES FOR OUTDOOR ADVENTURES.  OPEN HOUSE SATURDAY 11/18 11:00-1:00.
Unit Size
960 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$318
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1988

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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 #73179915)

Price History

Date / Event Date Event Price
Dec 29, 2023 Sold
Premium
Sold
Nov 24, 2023 In contract -
In contract
Nov 13, 2023 Listed by Four Columns Realty, LLC $305,000
Listed by Four Columns Realty, LLC
Feb 14, 2002 Sold
Premium
Sold
Jan 4, 2002 Listed by Four Columns Realty, LLC $72,900
Listed by Four Columns Realty, LLC

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • 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: 6
  • Building Style: 11
  • 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: 7
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,651
  • Total Building Area: 960
  • Gross Building Area: 2,200
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 960
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ralph C. Mahar School District
  • School Tax School District: ORANGE SD
  • School Tax District Code 2: RALPH C MAHAR
  • Census Tract: 040502

Zoning

  • Zoning: D

Geography

  • Account Number: 630
  • Parcel: ORAN M:0221 B:0000 L:00067
  • Lot: 67
  • Municipality: ORANGE
  • Latitude: 42.6206
  • Longitude: -72.2323

    Address

  • Full Address: 185 Memory Ln
  • Address - House Number: 185
  • Address - Street Name: Memory
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Orange
  • Carrier Code: R002
  • 4-Digit Zip Code: 9693
  • Zip Code: 01364

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $383,300

    Appraisal Valuation

  • Standard Deviation: 0.1125
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 88
  • Final Value: 309,406
  • High Value: 344,028
  • Low Value: 274,783

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $219,800
  • Assessed Land Value: $32,000
  • Assessed Improvements Value: $187,800

    Sales

  • Current Sale Contract Date: Dec 29, 2023
  • Current Sale Recording Date: Dec 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11582
  • Previous Sale Recording Date: Jun 15, 2017
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73179915

Frequently Asked Questions

When was property at 185 Memory Lane built and last sold?
The property at 185 Memory Lane was built in 1988 and last sold on Dec 29, 2023 for $305,000.
How much is this home worth?
The estimated value of the home located at 185 Memory Lane is $294,768.
What are some comparable homes to 185 Memory Lane?
There are currently no comparable homes to 185 Memory Lane.
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