11
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$1,075,000
$1,349,000 20.3%
Est. payment /mo
9.69 Acres Lot
Sold on 04/04/2025
51 Chestnut St Franklin, MA 02038
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UPDATED:
Key Details
Sold Price $1,075,000
Property Type Vacant Land
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 73232868
Sold Date 04/04/25
HOA Y/N false
Annual Tax Amount $6,029
Tax Year 2024
Lot Size 9.690 Acres
Acres 9.69
Property Sub-Type Residential
Property Description
"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.
Location
State MA
County Norfolk
Zoning SF-IV
Direction Diagonally cross the street from the entrance to Horace Mann Plaza and Wise Eye Care on Chestnut St
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Bike Path, Conservation Area, Highway Access, T-Station, University
Building
Lot Description Easements, Wooded
Sewer Public Sewer
Water Public
Others
Senior Community true
Listed by Better Living Real Estate, LLC
Bought with Robert Simone • Better Living Real Estate, LLC
Bought with Robert Simone • Better Living Real Estate, LLC