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Franklin 01376
5 Sherman Drive
$88,500
● House - Off Market

5 Sherman Drive

Montague, MA 01376
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,176 Ft²
$158,326
RealtyHop Estimate
75.92%
Since Mar 1, 2016
National-US
Primary Model

About This Property

Recently reduced.....This property is ready for you to call home.  Down the road from Greenfield, this wonderful farmhouse awaits your ownership!  The 4 bedrooms upstairs gives you options for a large family, or conversion to a second bathroom leaving 3 bedrooms.  The open flow of the three living spaces on the first floor with quality woodwork grounds this home.  The country kitchen has a pantry and the charm of a back porch entrance.  Gas stove make cooking a pleasure.  Hard wood floors throughout.  The bathroom has a fresh coat of paint and is easily accessible. A wonderful opportunity for some lucky buyer.
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$77
Property Type
House
Property Taxes
$194
HOA Dues
-
Year Built
1931

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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: 5 months ago (MLSPIN #71939113)

Price History

Date / Event Date Event Price
Feb 12, 2016 Sold
Premium
Sold
Dec 7, 2015 Listed by Jones Group REALTORS® $90,000
Listed by Jones Group REALTORS®
May 8, 2006 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • 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: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,008
  • Total Building Area: 1,176
  • Gross Building Area: 2,203
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Frontier School District
  • Census Tract: 040701

Zoning

  • Zoning: RS

Geography

  • Parcel: MONT M:0019 B:0000 L:18
  • Lot: 18
  • Municipality: MONTAGUE
  • Latitude: 42.5831
  • Longitude: -72.5752

    Address

  • Full Address: 5 Sherman Dr
  • Address - House Number: 5
  • Address - Street Name: Sherman
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Turners Falls
  • Carrier Code: C004
  • 4-Digit Zip Code: 2527
  • Zip Code: 01376

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $261,000
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2066
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 58
  • Final Value: 183,967
  • High Value: 221,986
  • Low Value: 145,947

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $166,800
  • Assessed Land Value: $51,400
  • Assessed Improvements Value: $115,400

    Sales

  • Current Sale Recording Date: Feb 12, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1485
  • Previous Sale Recording Date: May 08, 2006
  • Previous Sale Amount: $164,400
  • 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

$234

Below Asking

0.02%

Average Days on Market

59

Average Home Size

2261 ft²

Average Home Age

99.9 years

Currently For Sale

150 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# 71939113

Frequently Asked Questions

When was property at 5 Sherman Drive built and last sold?
The property at 5 Sherman Drive was built in 1931 and last sold on Jan 1, 1970 for $88,500.
How much is this home worth?
The estimated value of the home located at 5 Sherman Drive is $98,967.
What are some comparable homes to 5 Sherman Drive?
There are currently no comparable homes to 5 Sherman Drive.
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