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Franklin Town 02038
85 Chestnut Street
$479,900
● House - Off Market

85 Chestnut Street

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,568 Ft²
$505,323
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Lovingly cared for, long-time family home, now available. This beautifully maintained 4 bedroom home has a finished basement, 1 car garage, and plenty to offer. The living room leads to a nice kitchen with all new appliances and pantry. From there, you will find a large enclosed all season room that overlooks a private backyard. A dining room and 2 bedrooms complete the first floor. On the lower level, there is a family room with fireplace, full bath, and laundry, as well as 2 additional bedrooms. Plenty of space to do with as you wish! The house has also seen lots of updates! In 20201 alone it has received a NEW Furnace, NEW Hot Water, NEW Roof on the back side, NEW Exterior Paint and much more!
Unit Size
2,568 Ft²
Days on Market
-
Land Size
0.65 acres
Price per sqft
$187
Property Type
House
Property Taxes
$440
HOA Dues
-
Year Built
1964

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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 #72894038)

Price History

Date / Event Date Event Price
Feb 23, 2022 Sold
Premium
Sold
Sep 13, 2021 Listed by Keller Williams Realty Boston South West $479,900
Listed by Keller Williams Realty Boston South West
Nov 19, 1990 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,486
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 28,340
  • Total Building Area: 1,576
  • Gross Building Area: 3,752
  • Building Area: 1,576
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,576
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000651
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 67-027
  • Parcel: FRAN M:280 L:010
  • Lot: 10
  • Municipality: FRANKLIN
  • Latitude: 42.0825
  • Longitude: -71.3866

    Address

  • Full Address: 85 Chestnut St
  • Address - House Number: 85
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: C005
  • 4-Digit Zip Code: 3901
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $547,500

    Appraisal Valuation

  • Standard Deviation: 0.1721
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 572,736
  • High Value: 671,317
  • Low Value: 474,155

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $464,400
  • Assessed Land Value: $245,800
  • Assessed Improvements Value: $218,600

    Sales

  • Current Sale Contract Date: Feb 23, 2022
  • Current Sale Recording Date: Feb 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16871
  • Previous Sale Recording Date: May 26, 2016
  • 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 Town

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$335

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2016 ft²

Average Home Age

49.2 years

Currently For Sale

66 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# 72894038

Frequently Asked Questions

When was property at 85 Chestnut Street built and last sold?
The property at 85 Chestnut Street was built in 1964 and last sold on Feb 23, 2022 for $479,900.
How much is this home worth?
The estimated value of the home located at 85 Chestnut Street is $503,472.
What are some comparable homes to 85 Chestnut Street?
There are currently no comparable homes to 85 Chestnut Street.
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