14 days on rocket

51 Chestnut St, Franklin, MA, 02038

$1,349,000

9.69 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeResidential
MLS #73232868
Lot Size9.69 Acres
StatusActive

About 51 Chestnut St

"Chestnut Village" condominiums presents a unique opportunity to develop 27 total condominiums with 22 being conventional sales and 4 selling as affordable units, plus the property incudes 1 renovated three bedroom single family home that will be part of the condominium association. Planning Board & Conservation Approved with architectural, structural & site plans in hand for a turn-key project. The current owner has several projects that are ongoing, making it the right time to sell this project at a price already calculated to offer significant financial opportunity for a developer looking to build a wonderful 55+ living environment near downtown Franklin. There are many attractive local amenities for active residents including nearby shopping, restaurants public transportation, bike trails, parks golf course & more. Convenient to highways, state routes & the "T" commuter rail, residents have easy access to Boston or Providence entertainment too! Additional details by request.

Property Details

Property Features

Listing Office:

  • Office Name: Better Living Real Estate, LLC
  • Listing Agent: Robert Simone

Lot Features

Lot Information:

  • Lot: Easement, Wooded
  • Lot Size: 9.69 Acres

Other

Directions Information:

  • Directions: Diagonally cross the street from the entrance to Horace Mann Plaza and Wise Eye Care on Chestnut St

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,349,000

Agent Commission:

  • Buyer's Agent Commission: 2.5

Tax Information:

  • Annual Amount: $5,798
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Franklin, MA.

Med. Sold Price

$635.5K

Med. Price/SqFt

$305

Avg. Days On Market

15

# of Sold Homes

20

51 Chestnut St vs Franklin

14 DAYS ON ROCKET

-1 Day

$1,349,000

+$713.5K More

KEY TAKEAWAY

This property is $713.5K more than the Median Sold Price in Franklin, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73232868

Listing Office:

  • Office Name: Better Living Real Estate, LLC
  • Listing Agent: Robert Simone

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/18/2024, 10:20:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 15, 2016Home Sold
$155,000
Feb 01, 2005Home Sold
$298,000
Oct 16, 2001Home Sold
$186,500

Tax History

YEARPROP. TAXASSESSMENT
2021$5,798$395,800
2020$5,637$388,500
2019$5,393$367,900
2018$5,205$355,300
2017$4,011$275,100

History based on county public records data.

Payment Calculator

$6,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,111

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3170387
7
/10
  • Parmenter

  • 235 Wachusett St

  • 0.80 miles

  • Public District Grades KG-5

school-card-donut-3170388
8
/10
  • Oak Street Elementary School

  • 224 Oak St

  • 1.15 miles

  • Public District Grades KG-5

school-card-donut-3170389
6
/10
  • Helen Keller Elementary School

  • 500 Lincoln St

  • 1.95 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,303. Typical income of Franklin, MA residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 51 Chestnut St

What is the listing price of this property?

The listing price of 51 Chestnut St property is $1,349,000.

What type of property is this?

The property 51 Chestnut St is land located in Franklin, Massachusetts, 02038.

Is this property for sale now?

Active Listing: 51 Chestnut St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,798 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 15, 2016 for $155,000. (source: MLS/tax record).

How much acreage is this property?

The property 51 Chestnut St is 9.69 acres.
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Rocket HomesMassachusettsNorfolk CountyFranklin0203851 Chestnut St

This home is located at 51 Chestnut St in Franklin, MA and zip code 02038. This home sits on a 9.69 acre lot. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $1,349,000.

In April 2024, from all listings sold in Franklin, MA there were more than 15 sold above asking price, over 3 sold below and more than 2 were sold right at the asked price. The inventory of homes for sale in Franklin, MA between March 2024 and April 2024 increased by 51%. In April 2024, listings were on the market for 15 days. During the same period, the median list price in this real estate market was $635,500.

From Rocket Homes Real Estate and based on county public records data.

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