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Franklin
25 Lovers Ln
$425,000
● House - Off Market

25 Lovers Ln

New Salem, MA 01355
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,548 Ft²
$2,525
Est. Monthly

About This Property

Get away from it all! Is Captured in the exquisite charm of this custom built home, exposed post and beam interior, and wood flooring home. Situated on a lovely 2 acre site it has 2 bedrooms and 1.5 baths. The kitchen view of the Quabbin Reservoir will greet you every morning. Corian counter, gas stove 2 years old and island. Main bedroom has double closets, cathedral ceiling plus skylights. Basement has laundry room, woodstove and workroom with walkouts. Wonderful gardens, oversize deck for entertaining guest, minutes from a walk in the Quabbin or to the Old time New Salem Center, Library, Museum and Historical Church.
Unit Size
1,548 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$284
Property Type
House
Property Taxes
$369
HOA Dues
-
Year Built
1989

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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: 5 months ago (MLSPIN #73264458)

Price History

Date / Event Date Event Price
Dec 10, 2024 Sold
Premium
Sold
Nov 7, 2024 In contract -
In contract
Jul 14, 2024 Listed by RE/MAX Vision $439,000
Listed by RE/MAX Vision
Apr 28, 2000 Sold
Premium
Sold
Jan 31, 2000 Listed by RE/MAX Vision $162,900
Listed by RE/MAX Vision

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 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: 87,020
  • Total Building Area: 1,548
  • Gross Building Area: 3,391
  • Building Area: 1,548
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,548
  • Heating Fuel Type: 9

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001998
  • 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:00408 L:00100
  • Lot: 100
  • Municipality: NEW SALEM
  • Latitude: 42.4948
  • Longitude: -72.3267

    Address

  • Full Address: 25 Lovers Ln
  • Address - House Number: 25
  • Address - Street Name: Lovers
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: New Salem
  • Carrier Code: H088
  • 4-Digit Zip Code: 9718
  • Zip Code: 01355

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $442,200

    Appraisal Valuation

  • Standard Deviation: 0.2572
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 63
  • Final Value: 420,525
  • High Value: 528,690
  • Low Value: 312,360

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $307,700
  • Assessed Land Value: $58,100
  • Assessed Improvements Value: $249,600

    Sales

  • Current Sale Recording Date: Aug 19, 2013
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 28, 2000
  • Previous Sale Amount: $158,500
  • 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

$234

Below Asking

0.02%

Average Days on Market

59

Average Home Size

2261 ft²

Average Home Age

99.9 years

Currently For Sale

150 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: 5 months ago
Data Source: MLS PIN, MLS# 73264458

Frequently Asked Questions

When was property at 25 Lovers Lane built and last sold?
The property at 25 Lovers Lane was built in 1989 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 25 Lovers Lane is $442,438.
What are some comparable homes to 25 Lovers Lane?
There are currently no comparable homes to 25 Lovers Lane.
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