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Franklin 01344
4 Wells Street
$195,000
● House - Off Market

4 Wells Street

Erving, MA 01344
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,705 Ft²
$409,197
RealtyHop Estimate
94.95%
Since Nov 1, 2013
National-US
Primary Model

About This Property

Amazing value in this great town. This home has been completely renovated, nothing to do but move in and enjoy the beautiful grounds and comfortable floor plan with space galore. This home has too many features to list including a new kitchen with granite counters, large dining room, sun porch, new decks, the list goes on. This is a must see.
Unit Size
1,705 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$123
Property Type
House
Property Taxes
$118
HOA Dues
-
Year Built
1925

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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 #71525407)

Price History

Date / Event Date Event Price
Sep 17, 2021 Sold
Premium
Sold
Jun 1, 2021 Listed by Jones Group REALTORS® $299,000
Listed by Jones Group REALTORS®
Oct 11, 2013 Sold
Premium
Sold
May 14, 2013 Listed by Jones Group REALTORS® $209,900
Listed by Jones Group REALTORS®
Jul 30, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 716
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,705
  • Gross Building Area: 3,450
  • Building Area: 1,705
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,705
  • 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: Gill-Montague School District in Erving (7-12)
  • Census Tract: 040400

Zoning

  • Zoning: VR

Geography

  • Parcel: ERVI M:005 B:001 L:010
  • Block: 1
  • Lot: 10
  • Municipality: ERVING
  • Latitude: 42.5998
  • Longitude: -72.4392

    Address

  • Full Address: 4 Wells St
  • Address - House Number: 4
  • Address - Street Name: Wells
  • Address - Suffix Type: St
  • State: MA
  • City Name: Erving
  • Carrier Code: R001
  • 4-Digit Zip Code: 9705
  • Zip Code: 01344

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $221,000

    Appraisal Valuation

  • Standard Deviation: 0.2513
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 343,882
  • High Value: 430,319
  • Low Value: 257,445

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $276,300
  • Assessed Land Value: $79,400
  • Assessed Improvements Value: $196,900

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Sep 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12039
  • Previous Sale Recording Date: Oct 11, 2013
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: O
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# 71525407

Frequently Asked Questions

When was property at 4 Wells Street built and last sold?
The property at 4 Wells Street was built in 1925 and last sold on Sep 17, 2021 for $300,000.
How much is this home worth?
The estimated value of the home located at 4 Wells Street is $301,372.
What are some comparable homes to 4 Wells Street?
There are currently no comparable homes to 4 Wells Street.
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