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Franklin 01360
231 Millers Falls Road
Photo of 231 Millers Falls Road
Sold on Sep 23, 2025

42

Map

Photo of 231 Millers Falls Road
Photo of 231 Millers Falls Road
$325,000
● House - Off Market

231 Millers Falls Road

Northfield, MA 01360
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,075 Ft²
$1,887
Est. Monthly
7.79%
Cap Rate

About This Property

Cool off in the Brook this summer while you enjoy living in this cozy, much-loved home on Four Mile Brook. It is situated on 2.25 acres that run along the Brook, featuring a nice mixture of sunny, open, flat land perfect for gardening, as well as tree lines along the Brook. This sweet home features an open kitchen and dining room, a cozy living room, a bedroom, and a bath with a new walk-in shower on the first floor. There are two bedrooms on the second floor, one of which has three built-in bunks! Easy to maintain exterior with a metal roof, vinyl siding, and vinyl windows. A two-car garage with storage and a shed. A bonus of a new septic system will be installed before closing. Quick and easy access right on Rte 63 in Northfield near the Erving Line.
Unit Size
1,075 Ft²
Days on Market
-
Land Size
2.25 acres
Price per sqft
$302
Property Type
House
Property Taxes
$291
HOA Dues
-
Year Built
1950

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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: 2 years ago (MLSPIN #73400045)

Price History

Date / Event Date Event Price
Sep 23, 2025 Sold
Premium
Sold
Aug 12, 2025 In contract -
In contract
Jul 7, 2025 Listed by Fitzgerald Real Estate $325,000
Listed by Fitzgerald Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 65,340
  • Total Building Area: 1,075
  • Gross Building Area: 2,108
  • Building Area: 1,075
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,075
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001500
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pioneer Valley School District
  • School Tax School District: PIONEER VLY SD
  • Census Tract: 040300

Zoning

  • Zoning: RA

Geography

  • District: 217
  • Parcel: NFLD M:071 B:00A11 L:1
  • Block: A11
  • Lot: 1
  • Municipality: NORTHFIELD
  • Latitude: 42.6207
  • Longitude: -72.4699

    Address

  • Full Address: 231 Millers Falls Rd
  • Address - House Number: 231
  • Address - Street Name: Millers Falls
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Northfield
  • Carrier Code: R002
  • 4-Digit Zip Code: 9613
  • Zip Code: 01360

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $332,600

    Appraisal Valuation

  • Standard Deviation: 0.2153
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 295,799
  • High Value: 359,488
  • Low Value: 232,110

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $244,900
  • Assessed Land Value: $52,000
  • Assessed Improvements Value: $192,900
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

60

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: 2 years ago
Data Source: MLS PIN, MLS# 73400045

Frequently Asked Questions

When was property at 231 Millers Falls Road built and last sold?
The property at 231 Millers Falls Road was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 231 Millers Falls Road is $0.
What are some comparable homes to 231 Millers Falls Road?
There are currently no comparable homes to 231 Millers Falls Road.
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