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Franklin
303 Main Rd
$299,000
● House - Off Market

303 Main Rd

Colrain, MA 01340
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,851 Ft²
$297,135
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Village Colonial set back from the country road. 4 bedrooms 1 full and 1 half bathroom. First floor has a nice design. Updated kitchen with granite counters and island. Wonderful flow from back to front. Kitchen flows into a dining room with large bay window allowing for plenty of light and continues into the front of the home to the living room. Office or family room also on first floor. Second floor has 4 bedrooms and bathroom. Walk up attic allows for expansion and large storage area. Slate roof. Updated electrical, new walls and plaster. Covered front porch to relax and view the scenic pasture and hills beyond. Great area for hiking, rafting, climbing and any out door activity. Easy access to Route 2 or 91.
Unit Size
1,851 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$162
Property Type
House
Property Taxes
$322
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: 4 months ago (MLSPIN #73128387)

Price History

Date / Event Date Event Price
Sep 8, 2023 Sold
Premium
Sold
Jul 1, 2023 In contract -
In contract
Jun 22, 2023 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $299,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Sep 25, 1979 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 912
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,075
  • Total Building Area: 1,761
  • Gross Building Area: 3,542
  • Building Area: 1,761
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,761
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • District: 66
  • Parcel: COLR M:1060 B:0002 L:00000
  • Block: 2
  • Municipality: COLRAIN
  • Latitude: 42.6493
  • Longitude: -72.7158

    Address

  • Full Address: 303 Main Rd
  • Address - House Number: 303
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Colrain
  • Carrier Code: R001
  • 4-Digit Zip Code: 9756
  • Zip Code: 01340

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $385,300

    Appraisal Valuation

  • Standard Deviation: 0.2553
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 306,726
  • High Value: 386,837
  • Low Value: 226,615

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $203,000
  • Assessed Land Value: $33,200
  • Assessed Improvements Value: $169,800

    Sales

  • Current Sale Contract Date: Sep 08, 2023
  • Current Sale Recording Date: Sep 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7736
  • Previous Sale Recording Date: Sep 25, 1979
  • Previous Sale Amount: $37,000
  • 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

$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: 4 months ago
Data Source: MLS PIN, MLS# 73128387

Frequently Asked Questions

When was property at 303 Main Road built and last sold?
The property at 303 Main Road was built in 1900 and last sold on Sep 8, 2023 for $299,000.
How much is this home worth?
The estimated value of the home located at 303 Main Road is $306,330.
What are some comparable homes to 303 Main Road?
There are currently no comparable homes to 303 Main Road.
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