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Franklin
503 Main Road
$281,000
● House - Off Market

503 Main Road

Gill, MA 01354
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,884 Ft²
$538,847
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model

About This Property

Lovely Contemporary home with in-ground pool, shed and open acres for gardens & animals. This home features 6 Plus Rooms, Open Floor Plan, Hardwood Flooring through-out, Kitchen features lots of cabinetry, stainless steel appliances, double sink and updated counter-tops. Beamed ceilings in kitchen and Dining room.  Full tiled Bath and Laundry on first floor. 2 First floor Bedrooms with good closet space, Spacious Master bedroom and Master Bath on second floor,  includes walk-in closet, cathedral ceiling with beams and ceiling fan. Beautiful Hardwood Floors. Family room in basement,plus a play room for children. A must to see...
Unit Size
1,884 Ft²
Days on Market
-
Land Size
7.59 acres
Price per sqft
$154
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
1977

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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 #71690837)

Price History

Date / Event Date Event Price
Sep 4, 2014 Sold
Premium
Sold
Jun 1, 2014 Listed by Key 100 Real Estate $289,500
Listed by Key 100 Real Estate
Apr 30, 2008 Sold
Premium
Sold
Oct 19, 2007 Listed by Key 100 Real Estate $279,900
Listed by Key 100 Real Estate
Feb 27, 2006 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 2
  • Basement Area: 936
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 330,620
  • Total Building Area: 2,364
  • Gross Building Area: 3,344
  • Building Area: 2,364
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,364
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000007590
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Gill-Montague School District
  • Census Tract: 040200

Geography

  • Parcel: GILL M:205.0 B:0000 L:0006.0
  • Lot: 6.0
  • Municipality: GILL
  • Latitude: 42.6576
  • Longitude: -72.4813

    Address

  • Full Address: 503 Main Rd
  • Address - House Number: 503
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gill
  • Carrier Code: R001
  • 4-Digit Zip Code: 9626
  • Zip Code: 01354

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $584,900

    Appraisal Valuation

  • Standard Deviation: 0.2513
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 448,765
  • High Value: 561,564
  • Low Value: 335,965

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $345,900
  • Assessed Land Value: $64,200
  • Assessed Improvements Value: $281,700

    Sales

  • Current Sale Recording Date: Sep 04, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8574
  • Previous Sale Recording Date: Apr 30, 2008
  • Previous Sale Amount: $230,000
  • 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

60

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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71690837

Frequently Asked Questions

When was property at 503 Main Road built and last sold?
The property at 503 Main Road was built in 1977 and last sold on Jan 1, 1970 for $281,000.
How much is this home worth?
The estimated value of the home located at 503 Main Road is $300,851.
What are some comparable homes to 503 Main Road?
There are currently no comparable homes to 503 Main Road.
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