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Franklin
278 Watson Spruce Corner Road
Photo of 278 Watson Spruce Corner Road
Sold on Jan 10, 2007

1

Map

$245,000
● Land - Off Market

278 Watson Spruce Corner Road

Ashfield, MA 01330
bedrooms
Studio
bathrooms
0 Bath
$417,132
RealtyHop Estimate
70.26%
Since Feb 1, 2007
National-US
Primary Model

About This Property

Opportunity to own a large parcel of land of over 114 acres with  about 1095' of frontage. Many improvements have already been made, including 32'x20' new barn + 24'x18'foundation; about 6 acres opened up with some deciduous trees remaining; drilled well; septic plan; $50,000 driveway already in place; 2 power poles. Property is not in Chapter 61 or 61A. Total privacy & quietude with excellent southern exposure with an open-all-day feeling. Lumber negotiable. More house sites possible.
Unit Size
-
Days on Market
-
Land Size
114.40 acres
Price per sqft
-
Property Type
Land
Property Taxes
$156
HOA Dues
-
Year Built
2007

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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 #70404764)

Price History

Date / Event Date Event Price
Jan 11, 2007 Sold
Premium
Sold
Jun 10, 2006 Listed $245,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,712
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,983,264
  • Total Building Area: 4,670
  • Gross Building Area: 7,433
  • Building Area: 4,670
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,670
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000114400
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Mohawk Trail School District
  • Census Tract: 041501

Geography

  • Parcel: ASHF M:0009 B:0000 L:24
  • Lot: 24
  • Municipality: ASHFIELD
  • Latitude: 42.5136
  • Longitude: -72.8465

    Address

  • Full Address: 278 Watson Spruce Corner Rd
  • Address - House Number: 278
  • Address - Street Name: Watson Spruce Corner
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ashfield
  • Carrier Code: R011
  • 4-Digit Zip Code: 9785
  • Zip Code: 01330

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,679,800
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1968
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 890,142
  • High Value: 1,065,372
  • Low Value: 714,911

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $953,900
  • Assessed Land Value: $199,000
  • Assessed Improvements Value: $754,900

    Sales

  • Current Sale Recording Date: Jan 11, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000518
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# 70404764

Frequently Asked Questions

When was property at 278 Watson Spruce Corner Road built and last sold?
The property at 278 Watson Spruce Corner Road was built in 2007 and last sold on Jan 1, 1970 for $245,000.
How much is this home worth?
The estimated value of the home located at 278 Watson Spruce Corner Road is $247,450.
What are some comparable homes to 278 Watson Spruce Corner Road?
There are currently no comparable homes to 278 Watson Spruce Corner Road.
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