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Franklin
39 Neilson Road
$35,000
● House - Off Market

39 Neilson Road

New Salem, MA 01355
bedrooms
1 Bed
bathrooms
1 Bath
square feet
854 Ft²
$63,103
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

PRICE REDUCTION!  HUD Home. FHA Case #251-484717. Sold "AS IS" by electronic bid only. Property available 3-22-2019. Bids due daily by 11:59 PM Central Time until sold.  Insured with escrow for repair. Eligible for FHA 203K.  Cozy house in a quiet, rural area almost across the street from the entrance to "The Bear's Den Reservation" with its scenic waterfall, gorge and hiking/fishing area. One bedroom, many upgrades and renovations over the years.  Cleared and level yard, two storage sheds, paved parking area. An affordable opportunity to live in popular New Salem. Please contact the real estate agent of your choice to arrange to view this property.
Unit Size
854 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$50
Property Type
House
Property Taxes
$156
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 #72430373)

Price History

Date / Event Date Event Price
Apr 26, 2019 Sold
Premium
Sold
Dec 6, 2018 Listed by Millers River Real Estate $42,525
Listed by Millers River Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 3
  • 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: 8
  • Basement Area: 1,120
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 638
  • Gross Building Area: 878
  • Building Area: 638
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 638
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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:00410 L:00010
  • Lot: 10
  • Municipality: NEW SALEM
  • Latitude: 42.5419
  • Longitude: -72.3242

    Address

  • Full Address: 39 Neilson Rd
  • Address - House Number: 39
  • Address - Street Name: Neilson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: New Salem
  • Carrier Code: R001
  • 4-Digit Zip Code: 9504
  • Zip Code: 01355

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $232,500

    Appraisal Valuation

  • Standard Deviation: 0.1466
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 177,571
  • High Value: 203,617
  • Low Value: 151,524

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $161,800
  • Assessed Land Value: $43,100
  • Assessed Improvements Value: $118,700

    Sales

  • Current Sale Contract Date: Apr 22, 2019
  • Current Sale Recording Date: Apr 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3861
  • Previous Sale Recording Date: Nov 15, 2018
  • 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# 72430373

Frequently Asked Questions

When was property at 39 Neilson Road built and last sold?
The property at 39 Neilson Road was built in 1900 and last sold on Apr 22, 2019 for $35,000.
How much is this home worth?
The estimated value of the home located at 39 Neilson Road is $53,267.
What are some comparable homes to 39 Neilson Road?
There are currently no comparable homes to 39 Neilson Road.
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