Seller's Agent in 2025
Bob Simone
Better Living Real Estate, LLC
(508) 507-9780
7 in this area
112 Total Sales
51 Chestnut St Franklin, MA 02038
Downtown Franklin Neighborhood
10
Acres
$110,939
Price per Acre
422,096
Sq Ft Lot
Highlights
- Golf Course Community
- 9.69 Acre Lot
- Wooded Lot
- Senior Community
- Property is near public transit
- No HOA
About This Lot
As of April 2025"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. 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 highly desirable 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 will have easy access to Boston or Providence entertainment too! Additional details by request.
Property Details
Property Type
- Land
Est. Annual Taxes
- $6,029
Lot Details
- 9.69 Acre Lot
- Property fronts an easement
- Near Conservation Area
- Wooded Lot
- Property is zoned SF-IV
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Assessor Parcel Number M:285 L:096,90590
Community Details
Overview
- Senior Community
- No Home Owners Association
Amenities
- Shops
Recreation
- Golf Course Community
- Park
- Jogging Path
- Bike Trail
- Electricity Available at Street
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 26, 2017
Sold by
51 Chestnut Street Rt
Bought by
Whitman Homes Inc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Outstanding Balance
$270,657
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$772,589
Purchase Details
Closed on
Mar 15, 2016
Sold by
Ficco H Richard
Bought by
51 Chestnut Street Rt
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,300
Interest Rate
3.79%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 1, 2005
Sold by
Reid Mykel G
Bought by
Rivera Espedito and Rivera Ritajayne
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,400
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 16, 2001
Sold by
Eldredge Phillip T and Eldredge Mary J
Bought by
Reid Mukel G
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $400,000 | -- | |
| Deed | $400,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Foreclosure Deed | $155,000 | -- | |
| Foreclosure Deed | $155,000 | -- | |
| Deed | $298,000 | -- | |
| Deed | $298,000 | -- | |
| Deed | $186,500 | -- | |
| Deed | $186,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $320,000 | New Conventional | |
| Closed | $320,000 | New Conventional | |
| Previous Owner | $179,300 | Commercial | |
| Previous Owner | $273,600 | No Value Available | |
| Previous Owner | $68,400 | No Value Available | |
| Previous Owner | $238,400 | Purchase Money Mortgage | |
| Previous Owner | $59,600 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2025 04/04/25 | Sold | $1,075,000 | -20.3% | $544 / Sq Ft |
| 03/25/2025 03/25/25 | Pending | -- | -- | -- |
| 01/28/2025 01/28/25 | For Sale | $1,349,000 | 0.0% | $683 / Sq Ft |
| 01/21/2025 01/21/25 | Pending | -- | -- | -- |
| 10/03/2024 10/03/24 | For Sale | $1,349,000 | +25.5% | $683 / Sq Ft |
| 09/30/2024 09/30/24 | Off Market | $1,075,000 | -- | -- |
| 05/03/2024 05/03/24 | For Sale | $1,349,000 | -- | $683 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,823 | $587,200 | $242,300 | $344,900 |
| 2024 | $6,029 | $511,400 | $242,300 | $269,100 |
| 2023 | $6,150 | $488,900 | $244,300 | $244,600 |
| 2022 | $5,856 | $416,800 | $201,900 | $214,900 |
| 2021 | $5,798 | $395,800 | $216,300 | $179,500 |
| 2020 | $5,637 | $388,500 | $218,100 | $170,400 |
| 2019 | $5,393 | $367,900 | $197,600 | $170,300 |
| 2018 | $5,205 | $355,300 | $203,200 | $152,100 |
| 2017 | $4,011 | $275,100 | $186,400 | $88,700 |
| 2016 | $3,824 | $263,700 | $183,300 | $80,400 |
| 2015 | $3,847 | $259,200 | $178,800 | $80,400 |
| 2014 | $3,334 | $230,700 | $150,300 | $80,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2025
Patrick Arena
Better Living Real Estate, LLC
(508) 397-3264
9 in this area
48 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73232868
APN: FRAN-000285-000000-000096
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The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.
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