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Franklin 01364
56 Wheeler Ave
$220,000
● House - Off Market

56 Wheeler Ave

Orange, MA 01364
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,148 Ft²
$240,302
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Failed Septic- Buyer responsible for replacement.  Sit on your farmer's porch and enjoy your morning coffee.   Fireplace in living room with hardwood flooring.  Dining room off kitchen leads to spacious deck.  Finished walkout basement has a large family room, den and washer/dryer hookups.  Remaining basement is great set up for a workshop.  Two large storage sheds on nice level lot. This property requires a minimum Earnest Money Deposit of 1% of the Purchase Price or $1,000, whichever is greater.  All finance offers must be dated within 30 days of offer and must be presented with lender prequalification. All cash offers must be presented with proof of funds with buyer's name pre-printed on doc.
Unit Size
1,148 Ft²
Days on Market
-
Land Size
0.88 acres
Price per sqft
$209
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1965

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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 #73062682)

Price History

Date / Event Date Event Price
Jun 15, 2023 Sold
Premium
Sold
Feb 17, 2023 In contract -
In contract
Feb 2, 2023 Relisted $172,000
Relisted
Jan 20, 2023 In contract -
In contract
Dec 1, 2022 Listed by Innovative Real Estate Solutions LLC $239,900
Listed by Innovative Real Estate Solutions LLC
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 1,008
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,221
  • Total Building Area: 1,388
  • Gross Building Area: 3,111
  • Building Area: 1,388
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,388
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000877
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ralph C. Mahar School District
  • School Tax School District: ORANGE SD
  • School Tax District Code 2: RALPH C MAHAR
  • Census Tract: 040502

Zoning

  • Zoning: D

Geography

  • Account Number: 2050
  • Parcel: ORAN M:0112 B:0000 L:00007
  • Lot: 7
  • Municipality: ORANGE
  • Latitude: 42.5898
  • Longitude: -72.2881

    Address

  • Full Address: 56 Wheeler Ave
  • Address - House Number: 56
  • Address - Street Name: Wheeler
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Orange
  • Carrier Code: R002
  • 4-Digit Zip Code: 9660
  • Zip Code: 01364

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $388,400
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2064
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 55
  • Final Value: 286,595
  • High Value: 374,702
  • Low Value: 198,488

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $222,700
  • Assessed Land Value: $33,500
  • Assessed Improvements Value: $189,200

    Sales

  • Current Sale Contract Date: Jun 14, 2023
  • Current Sale Recording Date: Jun 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4802
  • Previous Sale Recording Date: Feb 24, 2022
  • Previous Sale Contract Date: Feb 16, 2022
  • Previous Sale Amount: $172,000
  • Previous Sale Document Type: 34
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

60

Average Home Size

2259 ft²

Average Home Age

99.8 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

Unit for rent at 419 E River St, Orange, MA, 01364

$989 /mo

  • 1 Bed
  • 1 Bath
419 E River St, Orange, MA, 01364 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73062682

Frequently Asked Questions

When was property at 56 Wheeler Avenue built and last sold?
The property at 56 Wheeler Avenue was built in 1965 and last sold on Jun 14, 2023 for $220,000.
How much is this home worth?
The estimated value of the home located at 56 Wheeler Avenue is $243,063.
What are some comparable homes to 56 Wheeler Avenue?
There are currently no comparable homes to 56 Wheeler Avenue.
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