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Franklin Town 02038
457 Chestnut St
$191,000
● House - Off Market

457 Chestnut St

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
1 Bath
square feet
900 Ft²
$188,899
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Offer deadline is Wednesday 10/19 @ 2:00 pm.  Terrific opportunity to build your new home in a franklin location near the Norfolk line and close to shopping, restaurants and all that Franklin has to offer!  Big lot (.79 acre lot), located in Single Family III Zone.   Land is scarce and home prices are high so why not take advantage of this opportunity to build your own home and make it the way you always wanted!  Property being sold as-is and with contents in the home at the time of the closing. Buyer(s) and buyer's agent to perform all due diligence. Seller and Sellers' Agents make no representations or warranties. Buyer responsible for Title V.
Unit Size
900 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$199
Property Type
House
Property Taxes
$350
HOA Dues
-
Year Built
1880

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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 #73048878)

Price History

Date / Event Date Event Price
Nov 14, 2022 Sold
Premium
Sold
Oct 21, 2022 In contract -
In contract
Oct 17, 2022 Listed by Coldwell Banker Realty - Franklin $179,000
Listed by Coldwell Banker Realty - Franklin

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 320
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,726
  • Total Building Area: 900
  • Gross Building Area: 2,588
  • Building Area: 900
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 900
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000797
  • Standard Land Use Code: 8001
  • County Land Use Code: 130

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442204

Geography

  • Account Number: 86-011
  • Parcel: FRAN M:266 L:008
  • Lot: 8
  • Municipality: FRANKLIN
  • Latitude: 42.0928
  • Longitude: -71.3764

    Address

  • Full Address: 457 Chestnut St
  • Address - House Number: 457
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: C005
  • 4-Digit Zip Code: 1208
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $291,800

    Appraisal Valuation

  • Standard Deviation: 0.2411
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 66
  • Final Value: 198,571
  • High Value: 246,461
  • Low Value: 150,682

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $247,500
  • Assessed Land Value: $247,500

    Sales

  • Current Sale Contract Date: Nov 11, 2022
  • Current Sale Recording Date: Nov 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 96511
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 Town

Stats & Trends

Median Asking:

$692,000

Sale Price/ft²

$336

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2053 ft²

Average Home Age

47.1 years

Currently For Sale

57 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: 5 months ago
Data Source: MLS PIN, MLS# 73048878

Frequently Asked Questions

When was property at 457 Chestnut Street built and last sold?
The property at 457 Chestnut Street was built in 1880 and last sold on Nov 11, 2022 for $191,000.
How much is this home worth?
The estimated value of the home located at 457 Chestnut Street is $188,555.
What are some comparable homes to 457 Chestnut Street?
There are currently no comparable homes to 457 Chestnut Street.
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