CCertihomes
51 Chestnut St, Franklin, MA 02038

$1,349,000

0 beds 0 baths 4 days on marketActive

About this home

"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.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$9,295/mo

Real estate (PITI + HOA + PMI)
$9,075
Principal + interest$6,118
Property tax + insurance$2,451
PMI / 2nd mortgage$506
Utilities
$1,044
Heating + cooling$360
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$100
Car insurance + maintenance$100
Other (entertainment)
$158
$9,295/mo TLC
Budget$9,795/mo
Remaining after TLC$500/mo
Purchase price
$1,349,000
Down payment
$67,450 (5%)
Loan amount
$1,281,550
APR
4%

Quick facts

Type
Residential
Style
Year built
Lot size
9.69 ac
Stories
0
Heating
Cooling
Water
Public
HOA
Annual tax
$6,029
MLS #
73232868
County
Norfolk

Home features

Community
Public TransportationShoppingParkWalk/Jog TrailsGolfBike PathConservation AreaHighway AccessT-StationUniversity
Sewer
Public Sewer

Lot features

Easements, Wooded

Neighborhood — 02038

MetricThis ZIPCountyUSA
Population30,4356,444,931299,088,112
Population Change Since199032.00%7.00%20.00%
Population Density1,117786
Male15,1073,127,134147,432,321
Female15,3283,317,797151,655,844
Never Married4,9221,612,88563,775,926
Married14,5242,586,314123,120,365
Separated690247,85712,639,686
Widowed1,153363,59415,467,586
Divorced1,382436,88823,075,029
Number Of House Hold10,3422,431,591111,826,380
Average House Hold Size2.882.562.60
Medial Age35.0137.2535.46
Median House Hold Income$82,953$57,698$48,276
Average House Hold Income$93,366$75,023$63,629
P C I$31,950$29,196$24,529
M D I$66,129$48,105$41,133
A T H E$67,118$57,083$50,898
S T R5.00%5.00%
W C J77.77%81.38%77.74%
(Zip) Code
2038

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 5/3/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.