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Franklin
427 Main Road
$215,000
● House - Off Market

427 Main Road

Colrain, MA 01340
bedrooms
2 Beds
bathrooms
1 Bath
square feet
864 Ft²
$307,160
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

This home on 3.096 acres could be your dream farm! The home is a 2 bedroom/1 bath double wide on a full foundation. Cathedral ceilings and skylights, together with oversize windows looking out over the pasture create a light-filled living space. A pellet stove in the basement combined with the forced hot air heat keeps the home cozy and affordable. A solid 4 stall barn with tack room, large 2nd floor hay storage area, electric, water and metal roof is the perfect home for horses, cows or whatever you imagine. The land is level and mostly cleared - easy to use for grazing or whatever use you might have. This is an easy keeper - land, home, barn and pasture - make your dream of owning your own farm come true!
Unit Size
864 Ft²
Days on Market
-
Land Size
3.10 acres
Price per sqft
$243
Property Type
House
Property Taxes
$312
HOA Dues
-
Year Built
2006

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72586469)

Price History

Date / Event Date Event Price
Dec 23, 2019 Sold
Premium
Sold
Oct 30, 2019 Listed by Cohn & Company $210,000
Listed by Cohn & Company
Jun 6, 2006 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 134,862
  • Total Building Area: 864
  • Gross Building Area: 1,728
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DAVID C O BRIEN DEXTER T O BRI
  • Land Acres: 0000003096
  • 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:0004 L:00170
  • Block: 4
  • Lot: 170
  • Municipality: COLRAIN
  • Latitude: 42.6373
  • Longitude: -72.7292

    Address

  • Full Address: 427 Main Rd
  • Address - House Number: 427
  • 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: $419,100

    Appraisal Valuation

  • Standard Deviation: 0.2553
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 307,373
  • High Value: 387,653
  • Low Value: 227,093

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $220,800
  • Assessed Land Value: $40,500
  • Assessed Improvements Value: $180,300

    Sales

  • Current Sale Contract Date: Dec 12, 2019
  • Current Sale Recording Date: Dec 23, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13922
  • Previous Sale Recording Date: Jun 06, 2006
  • Previous Sale Amount: $60,000
  • 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

59

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# 72586469

Frequently Asked Questions

When was property at 427 Main Road built and last sold?
The property at 427 Main Road was built in 2006 and last sold on Dec 12, 2019 for $215,000.
How much is this home worth?
The estimated value of the home located at 427 Main Road is $212,482.
What are some comparable homes to 427 Main Road?
There are currently no comparable homes to 427 Main Road.
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