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Franklin
7 School St
$400,000
● House - Off Market

7 School St

Monroe, MA 01350
bedrooms
15 Beds
bathrooms
3 Baths, 4 Half Baths
square feet
4,420 Ft²
$2,154
Est. Monthly

About This Property

Welcome to an extraordinary home that offers more than just living space-this is a lifestyle! Featuring a sprawling 5,149 square feet, this residence is divided into unique sections, each with its own distinct character. Dual kitchens and two expansive living areas create endless possibilities for entertaining or multi-generational living. The first floor also boasts a stylish bar, perfect for hosting or unwinding after a long day. Sitting on a generous 1.1-acre lot, the property is a serene retreat offering ample room for outdoor leisure and activities. Don't let this unique opportunity slip away-reach out to schedule your private tour now.
Unit Size
4,420 Ft²
Days on Market
-
Land Size
1.10 acres
Price per sqft
$91
Property Type
House
Property Taxes
$189
HOA Dues
-
Year Built
1890

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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 #73169760)

Price History

Date / Event Date Event Price
May 20, 2024 Sold
Premium
Sold
Feb 14, 2024 In contract -
In contract
Oct 12, 2023 Listed by ROVI Homes $400,000
Listed by ROVI Homes
Sep 9, 2023 No longer available -
No longer available
Aug 30, 2023 Price Decreased $499,000
↓ $150K (23.1%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Total Rooms: 25
  • Bedroom Count: 9
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 5
  • 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: 2,210
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 47,916
  • Total Building Area: 4,420
  • Gross Building Area: 5,525
  • Building Area: 4,420
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 4,420
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001100
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Adams School District in Monroe (9-12)
  • Census Tract: 040100

Zoning

  • Zoning: R1

Geography

  • Parcel: MONR M:4050 B:0000 L:00090
  • Lot: 90
  • Municipality: MONROE
  • Latitude: 42.7225
  • Longitude: -72.9407

    Address

  • Full Address: 7 School St
  • Address - House Number: 7
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Monroe Bridge
  • Carrier Code: H087
  • 4-Digit Zip Code: 9707
  • Zip Code: 01350

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $226,900

    Appraisal Valuation

  • Standard Deviation: 0.1122
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 88
  • Final Value: 404,644
  • High Value: 450,052
  • Low Value: 359,236

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $197,100
  • Assessed Land Value: $15,100
  • Assessed Improvements Value: $182,000

    Sales

  • Current Sale Contract Date: Nov 06, 2020
  • Current Sale Recording Date: Nov 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12461
  • Previous Sale Recording Date: Jul 08, 1986
  • Previous Sale Amount: $39,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

2283 ft²

Average Home Age

101.1 years

Currently For Sale

147 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73169760

Frequently Asked Questions

When was property at 7 School Street built and last sold?
The property at 7 School Street was built in 1890 and last sold on Nov 6, 2020 for $130,000.
How much is this home worth?
The estimated value of the home located at 7 School Street is $404,000.
What are some comparable homes to 7 School Street?
There are currently no comparable homes to 7 School Street.
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