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Franklin 01342
282 Lower Road
$251,000
● House - Off Market

282 Lower Road

Deerfield, MA 01342
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$282,665
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

GREAT LOCATION. PERFECT STARTER HOME. Close to Greenfield line, Area of nice homes.3 Bedroom, 1 Bath ranch with 1.6 Acres. Open Floor plan, Kitchen, dining room, living room. New shingles of roof 2014, New GEO Spring water heater, Newer  Pella windows-2013, Bay window, Slider 2018.Partially Finished basement with Pellet Stove, Game room, Exercise room, Sliders, Walk out Basement .Plumbed  for second bathroom in Basement . Slate floor leading to Private Backyard.
Unit Size
960 Ft²
Days on Market
-
Land Size
1.60 acres
Price per sqft
$259
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1974

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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 years ago (MLSPIN #72855176)

Price History

Date / Event Date Event Price
Sep 20, 2021 Sold
Premium
Sold
Jun 23, 2021 Listed by Lock and Key Realty Inc. $249,000
Listed by Lock and Key Realty Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 74,065
  • Total Building Area: 960
  • Gross Building Area: 2,208
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 960
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001700
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Frontier School District
  • Census Tract: 040900

Zoning

  • Zoning: RA

Geography

  • Account Number: 3 0 251
  • Parcel: DEER M:39 L:13
  • Lot: 13
  • Municipality: DEERFIELD
  • Latitude: 42.5531
  • Longitude: -72.619

    Address

  • Full Address: 282 Lower Rd
  • Address - House Number: 282
  • Address - Street Name: Lower
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Deerfield
  • Carrier Code: R021
  • 4-Digit Zip Code: 9733
  • Zip Code: 01342

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $402,200

    Appraisal Valuation

  • Standard Deviation: 0.1466
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 259,412
  • High Value: 297,463
  • Low Value: 221,360

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $290,400
  • Assessed Land Value: $137,000
  • Assessed Improvements Value: $153,400

    Sales

  • Current Sale Contract Date: Sep 20, 2021
  • Current Sale Recording Date: Sep 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12113
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

58

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: 5 years ago
Data Source: MLS PIN, MLS# 72855176

Frequently Asked Questions

When was property at 282 Lower Road built and last sold?
The property at 282 Lower Road was built in 1974 and last sold on Sep 20, 2021 for $251,000.
How much is this home worth?
The estimated value of the home located at 282 Lower Road is $250,239.
What are some comparable homes to 282 Lower Road?
There are currently no comparable homes to 282 Lower Road.
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