51 Chestnut St, Franklin MA 02038

Franklin, MA 02038
$1,075,000
Est. $5,722/month
9.69
Acres
Residential
Type
325
Days on Market
Closed Listed Sep 30, 2025 • MLS# 73232868 Copied!

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. 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 Overview

Property Type
Residential
Listing Type
Land

Sale Statistics

Sale Overview
Original List Price: $1,349,000
Final Sale Price: $1,075,000
Difference: $274,000 (-20.3%)
Performance Metrics
79.7%
List to Sale Ratio
Sold below asking price
325
Days on Market
Extended listing
Sale Summary

This property sold for 20.3% below the original asking price.

At 325 days on market, this property took longer than average to sell.

Facts & Features

Home Facts

Type Land
Style Residential
Lot Size 9.69 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric At Street
Water Public
Sewer Public Sewer
Gas At Street
Other None

Financial

Annual Tax $6,029
Assessed Value $511,400

Location

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Neighborhood

51 Chestnut St, Franklin MA 02038

Franklin, MA 02038

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $502
Homeowners Insurance $200
PMI $0

Property History

Market Insights

20.3%
Price Range
324
Total Days on Market

Property Timeline

Sold
Apr 4, 2025
$1,075,000
Property sold
Days on Market: 324
🏠
Listed for Sale
May 3, 2024
$1,349,000
Original listing
Agent: Robert Simone Office: Better Living Real Estate, LLC

Price & Status History

Date Event Price Change
May 3, 2024 New Listing Added $1,349,000

Market Statistics

Days on Market
325 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
2024 $6,029 $511,400

Financial Details

Annual Property Tax
$6,029
Tax Year 2024
Assessed Value
$511,400

Listing Information

Listing Agent Robert Simone
Listing Office Better Living Real Estate, LLC
Agent MLS ID BB921254
Office MLS ID AC1854

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