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Franklin
416 Main Rd
$45,500
● House - Off Market

416 Main Rd

Colrain, MA 01340
bedrooms
2 Beds
bathrooms
1 Bath
square feet
2,532 Ft²
$72,580
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Need a studio with high ceilings & open work space?  Resourceful entrepreneur needed!  Roll up your sleeves to create an amazing shop for whatever your craft or product is, and live conveniently upstairs next to the North River.  Yup - she needs a lot of work, but the price is right.  If you've got the skills to create some sweat equity, and could make great use of the space offered, take a closer look.  All serious offers invited. Lots of history here: formerly a mom & pop general store with the best meat market around, and before that it was home to the Massamet Yarn Mill.  Not for the faint of heart, but it could be the perfect opportunity for you!
Unit Size
2,532 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$20
Property Type
House
Property Taxes
$214
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 #72513034)

Price History

Date / Event Date Event Price
Aug 22, 2019 Sold
Premium
Sold
Jun 5, 2019 Listed by Coldwell Banker Upton-Massamont REALTORS® $49,500
Listed by Coldwell Banker Upton-Massamont REALTORS®

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: 4
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 21
  • 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: 1,212
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 2,424
  • Gross Building Area: 4,252
  • Building Area: 2,424
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,424
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • 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:1020 B:0005 L:00000
  • Block: 5
  • Municipality: COLRAIN
  • Latitude: 42.6372
  • Longitude: -72.7269

    Address

  • Full Address: 416 Main Rd
  • Address - House Number: 416
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Colrain
  • Carrier Code: R001
  • 4-Digit Zip Code: 9757
  • Zip Code: 01340

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $225,100

    Appraisal Valuation

  • Standard Deviation: 0.1458
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 59
  • Final Value: 154,159
  • High Value: 197,542
  • Low Value: 110,775

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $118,600
  • Assessed Land Value: $22,100
  • Assessed Improvements Value: $96,500

    Sales

  • Current Sale Contract Date: Aug 16, 2019
  • Current Sale Recording Date: Aug 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 8552
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

2189 ft²

Average Home Age

99.8 years

Currently For Sale

154 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: 4 months ago
Data Source: MLS PIN, MLS# 72513034

Frequently Asked Questions

When was property at 416 Main Road built and last sold?
The property at 416 Main Road was built in 1900 and last sold on Aug 16, 2019 for $45,500.
How much is this home worth?
The estimated value of the home located at 416 Main Road is $77,161.
What are some comparable homes to 416 Main Road?
There are currently no comparable homes to 416 Main Road.
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