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Franklin
254 Main Road
$84,500
● House - Off Market

254 Main Road

Colrain, MA 01340
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,083 Ft²
$150,517
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

Located in the village of Griswoldville, Colrain.  Priced below the assessed value, this 9 room 4 bedroom 1.5 bath home was originally built to house mill workers, but would make a wonderful single family home or possibly a two family. This home offers replacement windows, vinyl siding, slate roof, hardwood floors and the character of yesteryear and is one of the few homes in the area to have public water and sewer due to the proximity to the mill.  Conveniently located just four miles from Shelburne Falls on Route 112 and just a short distance to Vermont,
Unit Size
2,083 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$48
Property Type
House
Property Taxes
$193
HOA Dues
-
Year Built
1900

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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 #72371678)

Price History

Date / Event Date Event Price
Sep 28, 2018 Sold
Premium
Sold
Aug 1, 2018 Listed by Cohn & Company $99,500
Listed by Cohn & Company

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 540
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 2,370
  • Gross Building Area: 3,668
  • Building Area: 2,370
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,170
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000000190
  • Standard Land Use Code: 2039
  • County Land Use Code: 302

Neighborhood

  • School District Name: Mohawk Trail School District
  • Census Tract: 040100

Geography

  • District: 66
  • Parcel: COLR M:1070 B:0028 L:00000
  • Block: 28
  • Municipality: COLRAIN
  • Latitude: 42.6548
  • Longitude: -72.714

    Address

  • Full Address: 254 Main Rd
  • Address - House Number: 254
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Colrain
  • Carrier Code: R001
  • 4-Digit Zip Code: 9509
  • Zip Code: 01340

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $376,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $198,100
  • Assessed Land Value: $26,600
  • Assessed Improvements Value: $171,500

    Sales

  • Current Sale Recording Date: Sep 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10194
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

2181 ft²

Average Home Age

95.2 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72371678

Frequently Asked Questions

When was property at 254 Main Road built and last sold?
The property at 254 Main Road was built in 1900 and last sold on Jan 1, 1970 for $84,500.
How much is this home worth?
The estimated value of the home located at 254 Main Road is $117,014.
What are some comparable homes to 254 Main Road?
There are currently no comparable homes to 254 Main Road.
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